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3 years ago

Question 1 (2 points)

Business

1 answer:

inn [45]3 years ago

8 0

Answer:

True

Explanation:

The principal purpose of building a business is to make profits. A business must provide solutions to particular needs and wants in the community to attract customers. Different entrepreneurs will offer alternative or similar solutions to a specific situation.

Anyone starting a business will target a particular set of customers. He or she must be ready to complete for those customers with other like-minded entrepreneurs. Competition is good in business as it makes entrepreneurs innovate on the best ways to serve their customers. It also gives customers alternatives.

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Consider a firm with a daily demand of 100 units, a production rate per day of 500 units, a setup cost of $200, and an annual

podryga [215]

Answer: 980

Explanation:

The number of units of inventory that the storage area must be able to hold will be calculated as:

Demand = 100 × 300 = 30000

Production rate per day = 500

Setup cost = $200

Annual holding cost = $10

We then use the economic order quantity formula to solve and the answer will be gotten as 1225

The maximum inventory will now be:

= EQQ × (1-d/p)

= 1225 × (1-100/500)

= 1225 × ( 1 - 0.2)

= 1225 × 0.8

= 980

6 0

3 years ago

Q1. As the economy nears the end of an expansion, which of the following typically occurs? A. Wages are usually rising faster th

vazorg [7]

Answer:

Explanation:

5 0

3 years ago

Without health insurance, a routine checkup at the doctors office can cost you?

defon

Answer:

between $300 and $600

Explanation:

8 0

3 years ago

Malik is the top employee at the local Deloitte office, and he just received a competing offer from PwC. Deloitte is considering

GREYUIT [131]

Answer: Extra Vacation ; Stay

Explanation:

At the Nash equilibrium, Deloitte will choose extra vacation and Malik will respond with stay.

A Nash Equilibrium is the optimal outcome for each player given the decisions of the other player.

Looking at the the sequential game tree, if Deloitte offered a Money Bonus, Malik would leave because it offers him a higher payout. Deloitte would not want this because they gain more when he stays.

If Malik is offered extra vacation however, Malik stands to gain more than every other option if he stays and Deloitte would therefore offer him this because it will still be a gain for them. This is the Nash equilibrium.

8 0

3 years ago

The process of exchange of goods or services from sellers to buyers is referred to as:

aliina [53]

Answer:

Marketing

Explanation:

Hope this helps!

3 0

2 years ago