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Arisa [49]
3 years ago
5

George owns a custom pottery business where he makes all types of mugs and drinkware. Which of the following products would dram

atically affect his profit margins if the price were to decrease for that product?
a. glass coffee mugs
b. coffee beans
c. silverware
d. clay
Business
1 answer:
liq [111]3 years ago
7 0

Answer:

a. glass coffee mugs

Explanation:

As we know that the glass coffee mugs and the pottery mugs are the subsitutes goods. In the case when the price of glass coffee mugs would decline so it would more consume due to which the demand of the pottery mugs would reduced

Therefore as per the given situation, the product that impact the profit margin is option a

hence, the correct option is a.

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Classify each of the following as a(n) Operating Activity, Investing Activity, or Financing Activity. 1. Issuance of bonds. sele
azamat

Answer:

1. Issuance of bonds

Cash-flow classification: Financing activity

2. Sale of equipment

Cash-flow classification: Investing activity

3. Amortization expense

Cash-flow classification: Operating activity

4. Purchase of treasury stock

Cash-flow classification: Financing activity

5. Receipt of dividends on investment

Cash-flow classification: Operating activity

6. Purchase of land

Cash-flow classification: Investing activity

6 0
3 years ago
A trader maintains a position in a small capitalization stock that has low trading volume. The trader has a high level of which
swat32

Answer:

B) Liquidity

Explanation:

Liquidity is the ability of quickly buy or sell a stock without any price change.

Liquidity in a small-capitalization stock that has low trading volume is generally low that causes a problem for traders. It is so because in small capitalization, traders are unable to understand potential pitfalls and blindly invest in small-capitalization stocks which do not give profit as expected and the liquidity becomes low.

Hence, the correct answer is B) Liquidity.

6 0
3 years ago
The demand curve in a purely competitive industry is ______, while the demand curve to a single firm in that industry is ______.
lesantik [10]

The demand curve in a purely competitive industry is down sloping , while the demand curve to a single firm in that industry is perfectly elastic.

<h3>What is demand curve?</h3>

Demand curve can be defined as a graph that help to show the price of product as well as demand quantity.

In a situation where the demand curve is down sloping this means that a manufacturer intend to go for the price of goods and service and the quantity demanded in order to  increase profit .

Inconclusion the demand curve in a purely competitive industry is down sloping.

Learn more about demand curve here:brainly.com/question/516635

6 0
2 years ago
Use the graph to answer the question that follows.
Damm [24]

The movement from point B to point A is due to the price that companies can charge for the product decreases. Therefore the 3rd option is correct.

<h3>What is supply?</h3>

Supply is the economic concept which refers to the availability of the products and commodities in the market in order to satisfy the needs of the consumers.

According to the Graph, The prices of the commodity is decreased from $20 to $5 and output is also decreased from 200 units to 100 units which implies the decrease in the prices of the product which further implies the decrease in the level of supply.

Therefore the 3rd option is correct.

Learn more about supply here:

brainly.com/question/9054714

#SPJ1

5 0
1 year ago
How might a customer react to a salesperson's<br> weak handshake?
melisa1 [442]

Answer:

I think the customer will get upset.

The customer will think the salesperson is not ready to attend to him.

6 0
2 years ago
Read 2 more answers
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