Answer:
The answer is: A) Farmers will substitute the production of other agricultural goods? (like soybeans) with corn.
Explanation:
When the price of a certain product increases so steeply, new suppliers will enter the market to offer their products.
Since farmers can only produce one crop at the time in a certain lot, they will always tend to produce the crop that gives them the highest profit. In this case if corn becomes very expensive, it is reasonable to assume that more farmers will produce corn by substituting others crops (like soybean or wheat).
The growth-share matrix defines four types of SBUs:
- Stars: Consolidate/ Expand
- Question Mark: Improve/Invest or Divest
- Cash Cow: Harvest
- Dog: Divest
<h3>
What is the growth-share matrix?</h3>
The reasoning behind the growth share matrix is that market leadership yields greater profits that are sustainable. In the end, the market leader achieves a cost advantage that is difficult for rivals to match. The markets with the highest development potential are then indicated by these high growth rates.
Each of the four quadrants reflects a particular ratio of growth and market share relative to other quadrants:
- High Share, Low Growth. Businesses should harvest the cash from these "cash cows" to reinvest.
- High Growth, High Share. Because of their tremendous future potential, businesses should heavily invest in these "stars."
- Low Share, High Growth. Depending on their prospects of becoming stars, businesses should either invest in or ignore these "question marks."
- Low Growth, Low Share. These "pets" should be liquidated, divested, or repositioned by businesses.
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Answer:
For the first year, Griffith will record a revenue of $522. So, option a is the correct answer.
Explanation:
The amount received on 1 April for 36 month subscription is the unearned subscription revenue that will be earned evenly throughout the coming 36 months period starting from April.
The month subscription revenue is,
Monthly subscription revenue = 2088 / 36 = $58 per month
The calendar year ends on 31 December. Following the accrual principle, we will record the revenue as subscription revenue for the period of 9 months from April to December for the year.
The amount of revenue that is to be recorded for the first year is,
Revenue = 58 * 9 = $522
Answer:
A. Coincident indicator
Explanation:
Option B is not the answer as the lagging indicator is the occurrence after the target variable has associated with the economy.
Option C is not the answer as the leading indicator is the changes before the beginning of the economic factor. It means it predicts economic activities.
Option D is not an economic indicator, so it is incorrect.
<em>Option A</em> is the answer because the employment rate and interest rate are examples of the coincident economic indicator. It occurs when both factors occur at the same time. It also suggests the current state of an economy.
