Answer:
Esther is ninety years old, but she still shops for her own groceries every morning. When Esther was younger, she would head to Main Street and stop at the butcher shop for meat, the bakery for bread, and the farmer s market for fruits and vegetables. Now, she goes to a supermarket, where she can shop for all of those items under one roof and spend much less time buying food for the day. The convenience that Esther enjoys is called <u>contact efficiency.</u>
Explanation:
In the business world, contact efficiency is a strategy used by businessmen to provide flexibility to their customers.
Under this strategy, the numbers of stores are reduced and all the main goods kept and sold under one roof to provide better service to the customers. This strategy makes more money and also saves time and energy of the customers.
In the question, Esther is shopping for all her needs from a single supermarket which makes it more reliable for her, hence depicting a perfect example of contact efficiency.
Answer:
<em>Brooks is the leader of an association created to defend the free enterprise system in the United States.</em>
As a consequence, he is probably biased towards free enterprise and will be more likely to argue for it without recognizing its drawbacks.
Another useful source would be an article that explains free enterprise's negative economic and social characteristics.
Answer:
a)
Variable cost per unit=$10.08
Contribution per unit=$13.92
b)
Contribution margin ratio=58%
Variable cost ratio= 42%
c) Break-even units=3,000 units
Explanation:
Variable cost per unit
= 4.98 + 2.10 + 1.00 + 2.00 = $10.08
Variable cost per unit=$10.08
Contribution per unit = Selling price per unit - Variable cost per unit
= 24 - 10.08 =13.92
Contribution per unit=$13.92
b)
Contribution margin ratio= contribution/selling price= 13.92/24 × 100=58%
Contribution margin ratio=58%
Variable cost ratio = variable cost/selling price= 10.08
/24× 100 = 42%
Variable cost ratio=42%
c)
Break-even units = Total general fixed cost/contribution per unit
= (26,500 + 15,260)/ 13.92 = 3000 units
Break-even units=3,000 units
Answer:
The correct answer is letter "A": True.
Explanation:
Contingency reserves are funds that companies save to face economic hardships. In some cases, those negative situations can be expected while in some other cases they cannot -such as acts of God. Contingency plans come along with the contingency reserve to have an idea of what the company is going to do with the funds.
Answer:
For every $1.00 spent in manufacturing, another $2.79 is added to the economy
Explanation:
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