Option C
the family size of the firm's target market would be part of the sociocultural forces in a firm's external environment
<u>Explanation:</u>
To achieve and grow, organizations must modify, utilize, and agree with the authorities in their external environments. Sociocultural environmental forces cover opinions, views, customs and traditions, practices, and lifestyles. Social factors involve reference groups, family, position, and status in the community.
Family is a particular reference group and can execute the most crucial role in shaping the purchasing decisions of themselves. Staying aware of and obtaining the major reference groups, persons or family formations in a community and construction marketing on them can improve small businesses achieve victory.
Answer:
They will initially increase their purchasing and stock up on the product
Explanation:
Tax cuts would increase the disposable income of the people. As a result of the tax cut, demand would increase and the demand curve would shift to the right.
If the tax on a good were increased, the good would be more expensive and consumers would find a substitute for the product and purchase that instead or will stop purchasing the product and wait until the price comes back down.
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Answer: No. The owner cannot get the card back because of the minor’s lack of capacity
Explanation:
From the information given, we are told that a minor bought a baseball card from a baseball card store for $12, even though the price was $1,200.
It should be noted that the owner cannot get the card back based on the minor’s lack of capacity. In this case, the idea is to protect the minor, therefore the minor who bought the baseball card is the one that can disaffirm or cancel the contract. In this case, the adults are bound to the contract.
The baseball card will only be gotten if the minor wishes to give it back.
Answer:
11%
Explanation:
Nominal interest rate = real interest rate + inflation rate
6% + 5% = 11%
Anticipated Inflation rate is the rate at which it is expected that price levels would rise.
Real interest rate is the rate of interest that has been adjusted for the effects of inflation.
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Answer:
Check the explanation
Explanation:
Using the percentage-of-completion method <em><u>(which is an accounting method or technique in which the earnings and expenses of contracts that are of long-term basis are documented as a percentage of the completed work during a particular period.)</u></em>
Total costs = Incurred costs + estimated costs to complete = $8 million + $12 million = $20 million
Revenue to recognize = $8m/$20m*$28m = $11.2 million
Gross Profit = Revenue recognized less costs incurred
= $11.2m - $8m = $3.2 million
