Answer:
No gain or loss.
Explanation:
Given:
Amount of spice mixture = 470 pound
Current price = $2.35 per pound
Future price = $2.73 per pound
Computation:
We know that, Future price of spice mixture is higher than current price of spices.
But contract price is fixed at $2.35.
Therefore, no gain or loss will be recognized.
Product bundling refers to: a complete package of related products.
Correct answer:C
It is a marketing strategy in which multiple products or components are packaged together into one bundled solution and are sold that way. <span> Product bundling is common in telecommunications services, financial services, health care...</span>
Answer:
A perfectly competitive firm will minimize its losses by shutting down when: P < TFC at the profit-maximizing level of output. P < MC at the profit-maximizing level of output.
Explanation:
A firm will choose to implement a production shutdown when the revenue received from the sale of the goods or services produced cannot cover the variable costs of production. In this situation, a firm will lose more money when it produces goods than if it does not produce goods at all. Producing a lower output would only add to the financial losses, so a complete shutdown is required. If a firm decreased production it would still acquire variable costs not covered by revenue as well as fixed costs (costs inevitably incurred). By stopping production the firm only loses the fixed costs.
Answer:
How does process innovation improve the operational efficiency of an international parcel delivery business?
Process innovation improves the operational efficiency of an international parcel delivery business in the following ways;
it makes delivery faster
It helps to get better quality
it increases profit
Explanation:
