Answer:
Omega Company
B) Product Y should be produced because it will produce greater total profit.
Explanation:
If only Product X is produced, the total profit it will produced is:
Selling price = $35
Variable Cost = $20
Contribution = $15
Total Contribution = $15 x 75,000/4 = $281,250
If only Product Y is produced, the total profit will be:
Selling price = $25
Variable cost = $15
Contribution = $10
Total Contribution = $10 x 75,000/2 = $375,000
Product Y therefore produces a greater total profit. This is because the fixed cost will remain the same if there are no avoidable elements.
Answer:
False
Explanation:
Maslow's hierarchy of needs is a motivational theory which passes through five types of needs that are presented below:
1. Physiological needs: These are the needs which are for survival i.e food, cloth, home, air
2. Safety needs: This need represents security and safety with respect to personal, financial, etc.
3. Social needs: These needs depicts that an individual is interested in social groups or not. It helps the person not to feel isolated, alone, etc
4. Esteem needs: The esteem needs represent the respect he or she getting
5. Self-actualization needs: As the name suggests, it is self-actualizing so that the person gets to know about his potential
The chart shows from 5 to 1 i.e self actualization to physiological needs
Answer:
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
Explanation:
The equation is:
Qd = 30 - 3p
Qs = 10 + 5p
At equilibrium, Quantity demanded equals quantity supplied
Equate Qd = Qs to find equilibrium price
30 - 3p = 10 + 5p
30 - 10 = 5p + 3p
20 = 8p
p = 20/8
P = 2.5
Substitute equilibrium price into Qd and Qs equation to find equilibrium Quantity
Qd = 30 - 3p
= 30 - 3(2.5)
= 30 - 7.5
= 22.5
Qs = 10 + 5p
= 10 + 5(2.5)
= 10 + 12.5
= 22.5
Therefore,
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
Answer:
Telltale signals indicating a readiness to buy include questions , financial negotiation, and counteroffers answers
Explanation:
The closing stage of a business is the last stage of closing out a sales process after going through the approach , discovery,presentation and handling objection stages
At this point , every effort has been made to convince a potential client in buying the offered product and a response is keenly expected from him .The benefits of the purchase can still be reassured to him in a closing remark with with powerful words of conviction.
At this point , the seller should look out for the telltales signal of purchase in order to determine his next line of action.
Teenage entrepreneurship is growing especially in the health industry and saving the environment.
