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Hunter-Best [27]
3 years ago
8

Which of the following is an example of a raw goods producer?

Business
1 answer:
valkas [14]3 years ago
6 0

Answer:

C, a lumber company

Explanation:

The definition of a raw goods producer is a type of producer whose job is to provide raw goods, which are goods in their natural state.  A raw goods producer cannot provide services but only basic commodities (actual items).

Raw goods are usually  basic goods collected or retrieved from nature (the good is not changed or manipulated) and used in the production of manufactured goods.

Basically, think of raw goods as the ingredients in a cooking recipe. A cook does not make or produce the ingredients, the cook simply collects the ingredients from farm who collects the ingredients from nature (raw goods provider). Manufactured goods are what the cook produces out of the cooking ingredients(raw goods).

Out of all the answer choices, the only company which provides raw goods is a lumber company; they simply collect wood, which can be found naturally (without producing it in a factory / man-made) and sell it to producers.

A is wrong, since people use raw goods when MAKING sushi. Since sushi is being produced, it is a manufactured product.

B is wrong, since a comedy club provides services not the selling of real goods.

D may sound right, however many items in grocery stores are produced by factories. In order to be a raw goods producer, the company must specialize and serve only raw goods. Grocery stores have manufactured goods such as ice cream, shampoo, cereal, etc.

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Campbell's has been marketing soup in Japan for more than 40 years. Early on, Japanese consumers were not receptive to ads featu
Alex

Answer:

D, product-communication adaptation

Explanation:

Product adaptation can be defined as the process of modifying a product to make it useful for a variety of users.

Communication adaptation can also be defined as the change in a product's communication as a result of a change in product strategy.

Product-communication adaptation can be defined as the modification of a product for a variety of users but ensuring that the marketing of the product is through standard communication channels.

In the case of Campbell adapted his product to look like M'm M'm Good product but ensured that he used a standard communication channel (ads) to market his product.

Cheers.

6 0
3 years ago
Investment X offers to pay you $6,900 per year for 9 years, whereas Investment Y offers to pay you $9,300 per year for 5 years.
Oliga [24]

Answer:

$44,955.10

$38,131.84

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Investment X

Cash flow each year from year 1 to 9 = $6900

I = 7%

PV = $44,955.10

Investment Y

Cash flow each year from year 1 to 5 = $9300

I = 7%

PV = $38,131.84

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

7 0
3 years ago
Juniper Co uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9750 of me
KatRina [158]

Answer:

D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500

Explanation:

The journal entry to record the merchandise return is shown below:

Account payable A/c Dr $1,500

                To Merchandise inventory A/c $1,500

(Being returned inventory is recorded)

For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done

6 0
2 years ago
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