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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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What is business ?please explain about it​
alexdok [17]

Answer: business can be defined as an organization dedicated to do commercial and professional activities.

Explanation:

The word business can also be defined as the activities and efforts that a person makes in order to produce money. To do this, the person creates products or sells services to obtain a reward.

Currently, many people are taking the line of entrepreneurship, where they put their own businesses and become their bosses. They themselves develop their model of how they are going to distribute and market the products or services they have so that they reach the population.

The business is something that comes from ancient times. Barter was a way of doing business since if a person was interested in something that another had, they proceeded to make an exchange.

6 0
3 years ago
Is the South African post office a natural or artificial monopoly?motivate​
stepan [7]

Answer:

The public goods school in economics is getting disproved as we speak about natural monopolies.

Explanation:

3 0
3 years ago
The managers of Danestump, a hardware manufacturing company, are expected to follow standing plans before approving long leaves
Hitman42 [59]

Answer: Procedures

Explanation:

From the given case/scenario, we can state that the standing plan can be referred to as <em>procedures</em>.  A procedure is referred to as a document or act that is written in order to support a policy. It is mostly designed in order to describe where,who, what, when, and why through means of building corporate accountability in inclination to implementation of the policy.

8 0
3 years ago
There is nothing that can be done when advertisers record and transmit their advertisement at higher volume than the
Naddik [55]

Answer:

This is false. The TV network is able to limit how often commercials and advertisements are played on their network channel.

7 0
2 years ago
Which of the following individuals are required to pay taxes to fund Social Security and Medicare?
Xelga [282]

Answer:

Correct option is (D)

Explanation:

Employees, employers and self employed are supposed to contribute to fund social security and medicare.

Contribution made by each party comes under different categories. Employees contribute to social security and medicare in the the form of FICA taxes which could be withheld by the employers. Employees pay 50 percent and the remaining 50 percent is paid by the employer.

Self employed contribute in the form of self employed taxes.

4 0
3 years ago
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