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Strike441 [17]
3 years ago
14

What are inferior goods in business?​

Business
1 answer:
OleMash [197]3 years ago
4 0

Answer:

Inferior goods are goods that are bought less as income of buyers increase.

Explanation:

In business, inferior goods can be described as goods that experience declines in their demand or sale when the income of buyers or consumers increase.

This implies that there is a negative relationship between the demand of inferior goods and the income of the buyers.

Put in another way, inferiors goods are the more affordable substitutes for goods that are expensive when the income of the consumers fall.

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Cost behavior is useful to managers for all of the following except:__________.
Nina [5.8K]

Answer:

D

Explanation:

Cost behavior is defined as the measure of the reaction of the cost to outputs in production and sales volume.It reveals the impact of changes in activities on cost.

This helps the management in planning and controlling its costs and drive profits.

Cost behavior can be useful to the manager in deciding whether to replace a machine or not as the efficiency rate of a machine tends to reduce due to impairment , causing a rise in cost.

So also , it can be useful in predicting profits as sales and production volume changes and also to estimate cost.

5 0
4 years ago
The Category Profile that involves evaluating the major forces and trends that are impacting an industry: including pricing, com
professor190 [17]

Answer: External Industry Analysis

Explanation:

External Industry Analysis simply refers to the examination of the industry environment of a particular company such as its dynamics, competitive position, history etc.

The external industry analysis on a macro scale has to do with examining the factors like technological, political, demographic, and social analysis. External industry analysis is vital as it shows the threats and the opportunities that exist in a particular industry and can also be used to determine growth of an organization.

6 0
3 years ago
The most profitable form of business is
aev [14]

Answer:

d

Explanation:

6 0
3 years ago
Accidental puncture by a sharp object contaminated with the pathogen.
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C . mUCOUS mEMBRANE
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3 years ago
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Marigold Manufacturers Inc. is a firm that produces and sells home appliances. Marigold Manufacturers Inc. acquires a women's ap
Ronch [10]

Answer:

unrelated diversification

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this is an example of unrelated diversification. This is a type of diversification in which a business adds completely new and unrelated product lines to their business and enter new markets. Which is what Marigold Manufacturers Inc is doing since they sell home appliances and decided to enter into the market of women's fashion apparel.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
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