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stiv31 [10]
2 years ago
14

Which aspect should businesses consider when trying to sell a product? Instead of a product’s features, a business should try to

sell through a product’s because they describe what customers can gain from the product.
Business
2 answers:
Feliz [49]2 years ago
7 0

Answer:

benefits

Explanation:

for plato

Rom4ik [11]2 years ago
6 0

Answer:

description

Explanation:

plato users

xoxo

You might be interested in
Assume that sales are predicted to be $4,000, the expected contribution margin is $1,720, and a net loss of $280 is anticipated.
Alexeev081 [22]

Answer:

e)  $4,651

Explanation:

The break-even point is the level of activity that a company must operate to have its total cost equal to its total revenue. At this level of activity, the business makes a zero profit, as the total contribution is exactly the same as the total fixed cost.

It is important for the business to have an idea of the number of customers or units of product to sell inorder for it to cover its total fixed cost. This is the information the break-point analysis seeks to provide.

Working it out

Break-point in sales = Total General fixed cost/ Contribution margin ratio

Contribution margin ratio (CMR): Contribution is sales less variable costs. And the contribution margin ratio is the proportion of sales that is earned as contribution. The higher the better.

CMR = contribution/sales

Fixed cost = Contribution + net loss

We can now apply all these relationships to the question given:

Fixed cost = 1720 + 280

                 = 4,000

Contribution margin ratio = 1720/400 = 43%

Break-even sales ($) = 4000/0.43

                                        = $4,651

3 0
3 years ago
What are the basic safety guidelines for using hand tools
Goryan [66]
ALWAYS WEAR EYE PROTECTION.
Wear the RIGHT SAFETY EQUIPMENT for the job.
Use tools that are the RIGHT SIZE & RIGHT TYPE for your job.
Follow the correct procedure for using EVERY tool.
Keep your cutting tools SHARP and in good condition.
DON'T work with OILY or GREASY hands.
7 0
2 years ago
Suppose the quantity demanded of a particular good increases by 30%, and (the absolute value of) the price elasticity of demand
viktelen [127]

Answer: Option (c) is correct.

Explanation:

Given that,

Quantity demanded increases by = 30%

Price elasticity of demand = 2

Therefore,

Price elasticity of demand = \frac{Percentage\ change\ in\ quantity\ demanded}{Percentage\ change\ in\ prices}

2 = \frac{30}{Percentage\ change\ in\ prices}

Percentage change in prices = \frac{30}{2}

                                                = 15%

Therefore, price of a particular good decreases by 15%.

8 0
2 years ago
For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inel
Andreas93 [3]

Answer:

Note: While answering this question, there is a confusion as to whether the correct demand equation is p= 157 − x2 as it appears in the question, or p= 157 − x^2 which is suspected to be the correct equation. Whichever the case may be, answers are provided for the two equations. Just confirm from the original question or your teacher which one is correct and pick the relevant answer out of the two following answers:

1. If p= 157 − x2 is the correct equation:

Elasticity of demand = - 0.15

Since -0.15 in absolute term |-0.15| is less than 1, the demand is inelastic.

2. If p= 157 − x^2 is the correct equation:

Elasticity of demand = - 0.28

Since -0.28 in absolute term |-0.28| is less than 1, the demand is also inelastic.

Explanation:

Elasticity of demand is the degree of responsive of quantity demanded of a good to change in its price.

For this question, elasticity of demand can be computed using the formula for calculating the elasticity of demand as follows:

1. If p= 157 − x2 is the correct equation

E = Elasticity of demand = (p / x) * (dx / dp) ............................... (1)

From the question, we have:

p = 157 − x2.

Therefore, we solve for as follows:

x2 = 157 - p

x = (157 - P) / 2

x = 78.5 - 0.5p ....................................................... (2)

Differentiating equation (2) with respect to p, we have:

dx/dp = -0.5

Substituting values for dx/dp and x into equation (1), we have:

E = [p / (78.5 - 0.5p)] * (-0.5)

Since p = 20, we have:

E = [20 / (78.5 - (0.5 * 20))] * (-0.5)

E = [20 / (78.5 - 10)] * (-0.5)

E = − 0.15

Since -0.15 in absolute term |-0.15| is less than 1, the demand is inelastic.

2. If p = 157 − x^2 is the correct equation

E = (p / x) * (dx / dp) ............................................ (1)

From the question, we have:

p = 157 − x^2.

Therefore, we solve for as follows:

x = 157^(1/2) – p^(1/2)

x = 157^0.5 – p^0.5 ........................................... (2)

Differentiating equation (2) with respect to p, we have:

dx/dp = -0.5p^(-0.5) = -0.5/p^0.5

Substituting values for dx/dp and x into equation (1), we have:

E = (p / x) * (dx / dp)

E = [p /  (157^0.5 – p^0.5)] * [ -0.5/p^0.5]

Since p = 20, we have:

E = [20 /  (157^0.5 – 20^0.5)] * [–0.5/20^0.5]

E = - 0.28

Since -0.28 in absolute term |-0.28| is less than 1, the demand is inelastic.

4 0
2 years ago
If creditors add finance charges after subtracting payments made during the billing period, this is called the: A. APR method. B
vladimir1956 [14]

The correct answer is D. Adjusted balance method.

Adjusted balance method in termed as the method which is being used by finance companies and banks to calculate for finance charges or interest income. which is known to be associated with credit card account or bank account.

The finance waits to aggregate all the adjustments and also calculates finance charges or interest rates by the end of billing period which will depend with the ending balance.

6 0
2 years ago
Read 2 more answers
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