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3 years ago

Which of the following statements about buying centers is true?

Business

1 answer:

sveta [45]3 years ago

3 0

Answer:

E) The buying center may involve informal participants who are not obvious to sellers.

Explanation:

Buying center can be regarded as a

decision-making unit that is responsible for how some members of an organization that are partaking in buying process of a particular product/services come together. They are groups of people that are involved in purchasing decisions making in an organization, and they can be regarded as professional buyers. This concept came to light by Robinson and Farris

It should be noted that buying center may involve informal participants who are not obvious to sellers.

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Suppose the current level of output is 5000. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, re

Tamiku [17]

Answer:

5575

Explanation:

The computation is shown below;

Factor Elasticity Increase Effective Increase

A B A × B

Capital 0.3 10% 3.00%

Labor 0.7 5% 3.50%

Increase due to Productivity 5.00%

Total Increase in Output 11.50%

(3% + 3.5% + 5%)

Original Output 5000

Increase in Output (5000 × 11.5%) 575

Increase Output (5000 + 575) 5575

3 0

3 years ago

A team has been established to solve a problem with an industrial adhesive used by the firm. The three members are the installe

Mama L [17]

Answer:

Self-managed

Explanation:

Self managed team is management concept wherein group of diverse skill people are expected to work on their own without any supervision. This ensures collective accountability for any task undertaken. Employees have freedom to take their own decision. Self managed team concept is being implemented in organization with aim of increasing productivity, efficiency, cost saving and increased employee satisfaction.

5 0

3 years ago

The budgeted income statement does not rely on information from the ______ budget.

Marta_Voda [28]

The budgeted income statement does not rely on information from the production budget.

<h3>What is a budgeted income statement?</h3>

The expected profit, revenue, and expenses for the upcoming year or months are listed in a budgeted income statement, which is a financial report. Its purpose is to assist businesses in future planning, better decision-making, and resource allocation.

All of the line categories seen in a typical income statement are included in the budgeted income statement, but it is an estimate of what the income statement would look like in future budget periods.

The budgeted income statement makes it easier to compare planned and actual income and expense components at the end of the month. It aids in evaluating the efficiency of the company's financial planning procedure.

To learn more about production budget refer to:

brainly.com/question/17255948

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3 0

1 year ago

Booker Corporation had the following comparative current assets and current liabilities: Dec. 31, 2017 Dec. 31, 2016 Current ass

stiks02 [169]

Answer:

Liquidity measures for the year 2017 are as under:

Current Ratio = 1.5

Working Capital = $100,000

Acid Test Ratio = 0.95

Accounts Receivables Turnover = 10 times

Inventory turn over = 4 times

Explanation:

Current Ratio

Current Ratio = Current Assets ÷ Current Liabilities

Dec 31, 2017 Dec 31, 2016

$300,000 ÷ $200,000 $245,000 ÷ $155,000

Current Ratio 1.5 1.6

Working Capital

Working Capital = Current Assets – Current Liabilities

Dec 31, 2017 Dec 31, 2016

$300,000 – $200,000 $245,000 – $155,000

Working Capital $100,000 $90,000

Acid Test Ratio

Acid Test Ratio = (Current Assets – Inventory) ÷ Current Liabilities

Dec 31, 2017 Dec 31, 2016

($300,000 – $110,000) ÷ $200,000 ($245,000 – $90,000) ÷ $155,000

Acid Test Ratio 0.95 1.00

Accounts Receivables Turnover Times

Accounts Receivables Turnover = Credit Sales ÷ Average Accounts Receivables

Average Accounts Receivables = (Opening Accounts Receivables + Closing Accounts Receivables) ÷ 2

Average Accounts Receivables = ($55,000 + $95,000) ÷ 2 = $75,000

Accounts Receivables Turnover = $750,000 ÷ $75,000 = 10 Times

Inventory Turnover Times

Inventory Turnover = Cost of Goods Sold ÷ Average Inventory

Average Inventory = (Opening Inventory + Closing Inventory) ÷ 2

Average Inventory = ($110,000 + $90,000) ÷ 2 = $100,000

Inventory Turnover = $400,000 ÷ $100,000 = 4 Times

5 0

3 years ago

Benefits of delocalisation of firms

inna [77]

Answer

It encourages the establishment of support business enterprises

Explanation:

This promotes national attachment and solidarity; and furthermore diminishes provincial urban relocation. Market for crude materials: localization makes showcase for privately delivered crude materials in this way making work and winning makers pay.

When numerous organizations are situated in one locale, foundations, for example, banks, insurance agencies, and merchants are probably going to set up organizations in the region to offer administrations required

Production of a pool of work: When ventures are moved in one zone, individuals will, in general, relocate to that district looking for business along these lines empowering the making of a pool of work power.

6 0

3 years ago