All categories

2 years ago

What happens to the demand for

Business

1 answer:

Ket [755]2 years ago

7 0

Answer:

Demand decreases

Explanation:

Substitute goods are products that can be used in place of each other. Goods are described as substitutes if a customer can use them interchangeably and get equal or almost the same satisfaction. Tea and coffee will be substitutes if a customer can consume either of them and be happy.

If the price of a substitute good declines, customers will prefer consuming it instead of the other product. The other product's demand will decrease due to a change in customer preferences as a result of a lower price.

You might be interested in

In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become mor

Morgarella [4.7K]

<span>In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become more strategic and able to deliver a competitive advantage, cios now report directly to the ____.</span><span>

CFO; CEO</span>

3 0

2 years ago

Quantitative easing is the Question 8 options: gradual release of money into the money supply through open market operations. ta

RideAnS [48]

Answer: targeted use of open market operations in which a central bank targets certain markets

Explanation:

Quantitative easing is referred to as the targeted use of the open market operations whereby a central bank targets certain markets.

Quantitative easing (QE) is a form of monetary policy whereby the central bank buys securities from the open market so as to enable a scenario where there'll be a rise in the money supply and also encourage investment and lending in the economy.

7 0

3 years ago

Rebotar Inc, makes basketballs. Their fixed costs are $3450 Variable costs are $12 per basketball, If the basketball is priced a

worty [1.4K]

Answer:

Break-even points = 265.38

Explanation:

Given:

Fixed cost = $3,450

Variable costs = $12

Selling price = $25

Number of balls sold = 300

Find:

Break even costs

Computation:

Contribution per unit = Sales - Variable costs

Contribution per unit = $25- $12

Contribution per unit = $13

Break-even points = Fixed cost / Contribution per unit

Break-even points = $3,450 /$13

Break-even points = 265.38

6 0

3 years ago

A company has recorded the last five days of daily demand on its only product. Those values are 120, 125, 124, 128, and 133. The

azamat

630 is the recorder point.

Safety stock is a term used by logistics personnel to describe additional inventory held to reduce the risk of stock-outs (shortages of raw materials or packaging) due to supply and demand uncertainties. Adequate safety stock allows business operations to continue as planned. Safety stock is held when demand, supply, or production is uncertain and acts as insurance against stockouts.

Safety stock is an additional quantity on hand to reduce the risk of an item being out of stock. This acts as a buffer stock in case sales are higher than expected or the supplier is unable to deliver additional units in the expected time.

Learn more about Safety stock here: brainly.com/question/14054595

#SPJ4

8 0

1 year ago

Of money's three functions, the one that distinguishes money from other assets is its function as a a. store of value. b. unit o

tiny-mole [99]

The one that distinguishes money from the other assets is that it is used as a medium of exchange

Explanation:

Money is one of the most important factor in our day to day lives it has become as defining the country's economic standard and it is widely accepted all over the world

Money is used as the medium of exchange because we can buy all the necessary things using the money and can use it as a medium to exchange of goods and services. There are also other important functions as the method of comparing the values

4 0

2 years ago