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Valentin [98]
3 years ago
12

COMPARE and contrast the terms scarcity and shortage and provide examples of each.

Business
1 answer:
NikAS [45]3 years ago
6 0

Answer:

Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.

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A Systematic Approach to Long-Term Capacity Planning - Purple Swift manufactures birdhouses in lots of 10. Each birdhouse takes
alekssr [168]

Answer:

3.4%

Explanation:

The computation of the  Purple Swift’s paint capacity cushion is shown below:

Time to paint 10 birdhouses (45 × 10 ÷ 60) 7.5 hours

Changeover time  1 hours

Total Operations time per lot (7.5 + 1) 8.5 hours

Hours available per year (8 × 220)   1760  

Capacity (number of lots each year) (1760 ÷ 8.5) 207.06  

Capacity (number of birdhouses each year) =207.06*10 2070.6  

Actual Production given 2000  

Utilization (2000 ÷ 2070.6) 96.6%  

Capacity cushion = 100% - Utilization

= 100% - 96.6%

= 3.4%

5 0
3 years ago
Place the steps of the marketing research approach in the correct order. (Note: the first step should be the top item on your li
gregori [183]

Answer:

Choice 5 of 5. Define the problem

Choice 1 of 5. Develop a research plan

Choice 2 of 5. Collect relevant information

Choice 3 of 5. Develop findings

Choice 4 of 5. Take marketing actions

Explanation:

The steps of the marketing research approach includes

Step 1: Defining the problem

Step 2: Construction of the ideologies from which the problem is approached

Step 3: Formulation of research designs through which data and information are collected

Step 4: The collection and analysis

Step 5: Presentation of report and take marketing action

Therefore, the correct order from the given options are;

Choice 5 of 5. Define the problem

At this stage, the problem that is the basis for the research is clearly defined, including the background information, the purpose of the research,  and the information that could be useful in decision making

Choice 1 of 5. Develop a research plan

The blueprint or outline of how the research is to be conducted

Choice 2 of 5. Collect relevant information

The fieldwork in collection of data from the listed sources in the research blueprint

Choice 3 of 5. Develop findings

The findings are analyzed to derive the actionable research results

Choice 4 of 5. Take marketing actions

The implementation of the made decision

3 0
3 years ago
Which of the following is a persuasive title for a proposal that aims to persuade a business to hire a lawn care service?
Nadusha1986 [10]
I think the correct answer from the choices listed above is option B. A persuasive title for a proposal that aims to persuade a business to hire a lawn care service would be "<span>How Professional Lawn Care Can Save You Money</span>". It would draw attention to the one you are presenting it. Hope this answers the question. Have a nice day.
5 0
3 years ago
Read 2 more answers
razell Corporation offers a two-year warranty on its products. The warranty program was expected to cost Brazell 4% of net sales
djyliett [7]

Answer:

$8,040,000

Explanation:

Net sales made under warranty in 2020 = $201 million

Warranty Cost = 4%

<em>Calculation of Warranty expense on Brazell's 2020 income statement:</em>

= Net sales made under warranty in 2020 * Warranty Cost

= $201 million * 4%

= $8,040,000

So, the amount of warranty expense on Brazell's 2020 income statement is $8,040,000.

8 0
3 years ago
What ethical issues may arise during secondary data research?​
damaskus [11]

Answer:

hope it helps..

Explanation:

For this to happen, use of secondary data must meet some key ethical conditions: Data must be de-identified before release to the researcher. Consent of study subjects can be reasonably presumed. Outcomes of the analysis must not allow re-identifying participants.

3 0
3 years ago
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