Answer:
A) price will increase and quantity increase.
Explanation:
An increase in demand means more customers are willing and can afford to buy a product. Holding the other factors constant, an increase in demand results in many potential buyers chasing very few goods. The competition for the few goods leads to an increase in their prices. The equilibrium point moves up the graph to a new higher position as a result of an increase in demand.
As per the law of supply, quantity supplied increases as prices rise. Profit motives drive all business establishments. As prices increase due to increased demand, suppliers will be motivated to supply more to take advantage of high prices.
Answer:
As he has the aability and the resources to find out the optimum requirement of inventory, he must turn toward a lean manufacturing process where the wattage is minimum and try to implement a Just In Time inventory system that uses a minimum inventory level and use parts and inventory as they are needed during the production, without storing them.
However, to do this he must first negotiate with the suppliers and build a strong and sustainable communication channels and see if the suppliers can do this in time as he needs it.
Explanation:
Answer:
Annual economic profit = $113,000
Explanation:
Given:
Expenses on Real Estate = $150,000
Building rent = $17,000
Average spending on Ingredients = $20,000
Total anticipated revenue = $300,000
Computation of annual economic profit:
Annual economic profit = Total anticipated revenue - Expenses on Real Estate - Building rent - Average spending on Ingredients
Annual economic profit = $300,000 - $150,000 - $17,000 - $20,000
Annual economic profit = $113,000
The statement above is TRUE.
Social mobility refers to the movement of individuals or families within or between social strata in a particular society. It means a change in social status relative to one's present location with a given society. Social mobility in US does not depend on where one start in the class system; one can come from the lowest class strata and become one of the richest individual and an individual from a very rich family can also end up as a p.auper. A lot of factors come to play in these situations.
Answer:
The statement is: True.
Explanation:
Audience adaptation is the technique in which speakers engage the topic they will talk about with the audience in front of them. There are four steps in achieving that engagement starting by <em>portraying the relevance of the subject, then facilitating comprehension of the topic, joining the audience with the subject, to finally provide proof to confirm the information provided is reliable</em>.