Answer: Option D
Explanation: In simple words, buying center refers to the group of individuals in an organisation or a family that collectively thought and makes decision regarding buying a certain commodities for specific objectives.
These individuals are responsible for giving the best deals regarding the purchase and managing the timeliness and ensuring the quality of the order made. There are five main roles in a buying center which are influences, buyers, deciders, gatekeepers and initiator.
Buying centers are important for an organisation as they provide a base line for the marketeers as to what message the organisation has to convey regarding its product in the market as their purchase decision directly affects the quality and other such characteristics of the product.
Answer:
Journal Information
This distinguished journal was founded and edited for more than 20 years by the late Harold Marcus, whose energy and dedication to the scholarly study of Ethiopia and its neighbors in the Horn of Africa inspired several generations of students and scholars throughout the world. While Northeast African Studies will bring some changes in focus and format, the editors remain committed to the high standards of research, writing, and production that the original journal championed.
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The supply curve shifts to the left when crabs disappear (their price rises) and shift to the right when they reappear (their price declines).
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Explanation:</u></h3>
When the demand of any product remains constant the shifting of the supply curve will be positive and the shift will be towards the right. This will cause the prices of that product to get reduced and there will be an increase in the quantity of the product.
A change which is negative in supply curve happens causing the supply curve to move towards the left thereby causing the prices to raise and the quantity will be reduced. In the example give, the situation that bets describes the market of King crab market will be the supply curve shifts to the left when crabs disappear (their price rises) and shift to the right when they reappear (their price declines).
Answer:
The opportunity cost of producing the 201st good is more than 5Y.
Explanation:
Opportunity cost is defined as the cost of next best alternative forgone. The law of increasing cost states that as production increases, the opportunity cost does as well.
So the opportunity cost of 201st unit will be more than the opportunity cost of 101st unit which is 5Y.
The income statement for the year ended April 30, 20Y5 is $271,010.
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Income statement:</h3>
Wilderness Travel Service income statement for the year ended April 30, 20Y5
Revenue:
Fees earned $712,700
Expenses:
Miscellaneous expense $5,540
Utilities expense $55,380
Supplies expense $14,770
Rent expense $92,300
Taxes expense $10,000
Wages expense $263,700
Total expenses $441,690
Net income $271,010
($712,700-$441,690)
Inconclusion the income statement for the year ended April 30, 20Y5 is $271,010.
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