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AlexFokin [52]
2 years ago
15

With regard to the factors of production, "land" refers to which of these?

Business
1 answer:
Orlov [11]2 years ago
6 0
A) because that is they only one that actually makes sense
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John Chong is an inexperienced entrepreneur in global business. He wants to sell his product, Zulu doll, a toy for kids below th
SSSSS [86.1K]

Answer:

c. identification of the basic appeal for markets

Explanation:

As John is an inexperienced businessman and wants to sell his Zulu doll product, a toy for children who have less than 8 years in every part of the world and want to keep the cost low

So first thing he should do is feasible study whether his product is feasible or not and then identify the market with respect to the price, quality, competitors, etc so that he get a good idea

7 0
3 years ago
The interval at which an asset should be replaced to minimize cost (or maximize worth) is known as the: ________
madam [21]

Answer:

c. Optimum replacement interval (ORI)

Explanation:

Optimum replacement interval used to estimate the most cost effective time to replace an asset on the basis of their replacement cost.

There needs to be a balance between the replacement cost and the value that is being lost by changing the asset.

The useful value must be low to justify replacement cost.

For example if the cost of maintaining a machine has increased a lot as a result of wear and tear, it will be more cost effective to make a replacement in order to minimise cost and increase efficiency

3 0
3 years ago
True or false Decentralization refers to the degree to that decision making is concentrated to the top of the organization
MatroZZZ [7]

Decentralization refers to the degree to that decision-making is concentrated to the top of the organization: False.

<h3>What is a decentralized organization?</h3>

In a decentralized organization, the decision-making authority and power isn't concentrated at the top level (echelon) of the organization.

This ultimately implies that, decentralization refers to the degree to that decision-making is concentrated to all the areas of an organization.

Read more on decentralization here: brainly.com/question/23818047

#SPJ1

8 0
2 years ago
Read 2 more answers
Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost ar
strojnjashka [21]

Answer:

The correct answer is a) Physical space for the gallery.

Explanation:

<u>Variable costs</u> fluctuate according on the production of goods of a company, while <u>fixed costs</u> stay the same regardless of the production output. Reviewing all the options:

  • Wages paid to three part-time employees <u>vary</u> depending on the amount of hours they work.
  • Accountant's fees for preparing tax returns <u>vary</u> depending on the time spent preparing the records.
  • The costs of purchasing art work to sell in the gallery <u>vary</u> depending on the amount of art purchased and its value.

That leaves us with option A. The physical space for the gallery. Buildings and rent are known to be a Fixed cost for companies because they stay the same regardless of the production output.

7 0
3 years ago
White Corporation’s budget calls for the following sales for next year: Quarter 1 95,000 units Quarter 3 67,000 units Quarter 2
asambeis [7]

Answer: & Explanation:

Production Budget q2

- Q2

sales 67,000

ending policy 4,050 (5% of Q3)

Beginning 3,350 (5% of current quarter)

Production 67,700 (sales + ending - beginning)

Raw materials Budget q2

Production Needs 338,500 (Units x 5)

ending policy 81,850 (20% of production q3)

Beginning 67,700 (20% of q2 production needs)

Purchase 352,650 (needs + desired ending - beginning)

3 0
3 years ago
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