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Alexeev081 [22]
3 years ago
10

12. An industry is defined as: a. A collection of firms that compete with one another in a single product market. b. A collectio

n of firms that exist in a particular geographical area (e.g. Spain). c. A collection of firms that use similar distribution channels. d. All of the above.
Business
1 answer:
nata0808 [166]3 years ago
5 0

Answer: a. A collection of firms that compete with one another in a single product market

Explanation: An industry would be defined as a collection of firms that compete with one another in a single product market. In other words, an industry consists of a group of businesses of the same type, considered as a whole, and consists of large-scale enterprises in a sector of the economy. These businesses are classed into industries based on the primary product produced or sold (major source of revenue).

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Suppose that Chillmax Company now sells both pairs of shoes and fabric carryalls. The pairs of shoes are priced at $60 and have
olchik [2.2K]

Answer:

The package of shoes and carryalls based on the sales mix expected for the coming year is:

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Explanation:

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b) Data:

Company-wide Fixed costs = $91,500

Unit price of a pair of shoes = $60

The variable cost = $21

This gives a contribution to the fixed cost = $39 ($60 - $21) per unit

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This gives a contribution to the fixed cost = $27 ($36 - $9) per unit

Estimated quantity of pairs of shoes to be sold next year = 3,500

Estimated quantity of carryalls to be sold next year = 875

The ratio of shoes to carryalls = 3,500:875

= 3,500/875

= 4:1

The sales mix for Chillmax Company refers to the proportion of the company's total sales for each type of product sold (pairs of shoes and carryalls).

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The stock in Up-Towne Movers is selling for $48.20 per share. Investors have a required return of 11.2 percent and expect the di
Keith_Richards [23]

Answer:

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3 years ago
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