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vodka [1.7K]
3 years ago
15

Bison Autos and Sparrow Co. are automobile manufacturers that both incur $9,000 to manufacture a vehicle. Recent numbers indicat

e that the economic value created by Sparrow Co. is significantly higher than that created by Bison Autos.What does this difference indicate?
Business
1 answer:
barxatty [35]3 years ago
8 0

Answer:

Sparrow Co's automobiles are premium brands that command premium prices

Explanation:

The fact that both automobile makers incurs the same cost of $9,000 is just one of many factors to consider because the processes involved in manufacturing are not necessarily the same.

Besides,the level of workforce efficiency and the state of technology deployed are not necessarily the same.

It could also be that Sparrow Co. was able to achieve same level of cost with Bison Autos because it adopted modern cost reductions techniques such as Just-In Time which eliminates the need to keep inventory, thereby  eliminating excessive costs of holding inventory.

All in all,Sparrow Co,could project itself as a maker of high-end brands and increase prices as appropriate.

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Which of the statements is true regarding advertising? Perfectly competitive firms have the strongest incentive to advertise. Ad
myrzilka [38]

Answer:

The correct statement about the advertisement is that, it is the only potential as well as effective toll if the firm or business has the market power.

Explanation:

Advertising is the term which is stated as the medium by which the firm informs the potential customers or clients about the goods and services, arouse interest as well as induce the buyers to buy the product.

It helps in differentiate the products and also build the brand. So, in case the firm does not have the market power, then the firm would not have the no control over the quantity and the price of the product, which lead to ineffective advertising.

7 0
3 years ago
Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountan
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4 0
2 years ago
Ihi ta 101 from the viewpoint of the world health organization, “health” is defined as:
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4 0
3 years ago
A company purchased 10 units for $5 on January 3. It purchased 10 units for $7 each on February 28. It sold 10 units on March 1.
NeTakaya

Answer:

The dollar amount for ending inventory using the last-in-first-out method of inventory valuation is $50

Explanation:

Using LIFO,last-in-first-out  method of inventory valuation,items received last into the store are deemed to be sold first, hence the sales of 10 units on March 1 was the inventory purchased on February 28, leaving the items of inventory purchased on January 3 as closing inventory

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3 0
3 years ago
Indirect labor includes:_________ (You may select more than one answer. Single click the box with the question mark to produce a
ch4aika [34]

Answer:

b labor of the maintenance employees

c labor of the clerical staff

Explanation:

During the production or composition of finished goods, some form of labors are directly or indirectly involved in the manufacturing of such finished product. Where labor is not readily traced to the manufacturing of finished product, such is known as indirect labor.

On the other hand, labor that is directly involved in the composition of finished product is known as direct labor. Examples of indirect labor are ; wages of supervisors , clerical staff, general helpers , material handlers and maintenance workers.

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3 years ago
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