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3 years ago

Describe at least four factors that affect the demand for a particular commodity.

Business

1 answer:

MrMuchimi3 years ago

5 0

Answer with Explanation:

There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.

1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the price of cars decreases, then many people will purchase their own cars, which also follows that the demand for gas will increase.

2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.

3. Changes in trend - Many people purchase goods because they're on trend. For example, if flare pants are fashionable this year, then the demand for it will increase. Once they're no longer on trend, the demand will drop.

4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.

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The percentage which is the sum of the discount rate, the effective tax rate and the recapture rate representing the relationshi

Savatey [412]

Answer:

Capitalization rate

Explanation:

Capitalization rate is a rate mostly used in real estate valuation that is used as a standard to compare a variety of real estate investments. It is calculated in percentage and in terms of the ratio of the net operating income provided or produced by an asset to the original cost or market value of the of the asset.

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3 years ago

Billy never lets money stay in his pockets, he thinks if it is there he has to spend it. Often he spends it on useless "stuff".

AleksandrR [38]

Answer:

let him put it where he won't see them until It is enough for buying his wants

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3 years ago

Read 2 more answers

When there is no government involvement in answering the three basic economic questions this is which economy?

Dmitry_Shevchenko [17]

When there is no government involvement in answering the three basic economic questions this is Market Economy.

Market

Explanation:

When there is no government interventions in the market system or economy then it is known as Market Economy or Lassez faire.

Here the firms and household determine who sells the goods and who buys it and everything is carried out according to them and there is no government intervention like that of the command economy.

There is a lot of profit for the businessman as the consumers pay as high the price as they want to and no amount is given to the government.

6 0

3 years ago

Type the correct answer in the box. Spell all words correctly. Which drawback of being an entrepreneur can disrupt your personal

sweet-ann [11.9K]

Answer:

an unpredictable and long work schedule

Explanation:

Being an entrepreneur requires a lot of effort, passion and time. The most scarce resource of all is time, since not even the richest person in the world can add more hours to a day. An entrepreneur must work a lot in order to make his/her company succeed and a lot of work takes a lot of time. An entrepreneur's work schedule is both unpredictable and extremely long. Such a combination is sometimes terrible for your personal life. That is why many entrepreneurs actually work with their partners, e.g. small businesses are generally run by families. If work will absorb so much of your time, you might share your work with your loved ones.

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3 years ago

For an automobile company, the total overhead applied was $48,000,000 at the end of the year. Actual overhead was $52,850,000. C

ICE Princess25 [194]

Answer:

Net income decreased by $4,850,000.

Explanation:

Given total overhead applied = $48000000

The actual overhead = $52850000

Over/under Applied overhead = total overhead applied - Actual overhead at the end of the year.

Over / under Applied overhead = 48000000-52850000

Over / under Applied overhead = -$4850000

From the calculation, it can be seen that the overhead is underapplied therefore when under applied overhead allocated to cost of goods sold then cost of goods sold decreased by $4850000.

4 0

3 years ago