Answer:
- Higher demand for paper, less wood for bats, the higher price of bats, OR less supply of bats.(have to pay a higher price for wood, and if price doesn't change, they have to make less).
- Higher demand for cheese, cows kept alive, leather is scarce, the higher price of mitts. (less supply because more of the resource is allocated to the milk instead of the leather).
Explanation:
The baseball bats, as well as, paper both, are made employing the resources generated from wood resources. Similarly, the catcher's mitts and cheese are made using the cows as the resource. If two products are made employing similar resources, an increase in the price of one leads to an increase in the other as well. This occurs primarily due to the fact that if the price of the first good increases, the producer of that good is likely to pay more to get the resource and sell the good at a higher price later. Thus, the other producer will either buy less and produce less or spend more to get the resource as per his need.
Answer: If i am the general manager of the organization i will try to make a survey about customer relation in other competitive organization before i can conclude whether it is wise to cut down cost through removing giving out free gifts to customers like the free pop corn, coffee etc. Customers will choose other organizations where they can get the same quality service and other benefits especially in a perfectly competitive market. Rather i will suggest more profit can be made by slightly increasing the cost of services rendered to customers from which the cost of the freebies can be regained.
Explanation:Customer's satisfaction and profit maximization are the two main objectives of a firm. It is only when an organization is able to maintain good customer relationship with their customers that profit can be maximized regardless of how efficient their other services are.
Answer:
The correct option is C,dogs
Explanation:
Stars are characterized by high market share in a high growth market,with large of expenditure required to keep up with the intense competition and innovation in the market in order to transform it to cash cow.
Cash cow are the most profitable products as they provide large of amount of cash that can be reinvested in stars as well as in a problem child with high growth potential
The dogs are usually known to control an insignificant portion of slow growth market with revenue and cash flows being on declining path
Answer:
104.6 million
Explanation:
Data provided in the question:
Free cash flows for 2018 = $58.1 million
Investment in operating capital = $41.1 million
Depreciation expense = $15.5
Taxes on EBIT in 2018 = $20.9 million
Now,
EBIT
= Free Cash Flow + Investment in operating capital + Taxes - Depreciation
on substituting the respective values, we get
EBIT = $58.1 million + $41.1 million + $20.9 million - $15.5
or
EBIT = 104.6 million
LA califora 5421 beach street 2357 LA city
