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Vinvika [58]
3 years ago
6

Which situation best illustrates an effect of the law of supply

Business
1 answer:
murzikaleks [220]3 years ago
6 0
When the price of gasoline rises, for example, it encourages profit-seeking firms to take several actions: expand exploration for oil reserves, drill for more oil, invest in more pipelines and oil tankers to bring the oil to plants where it can be refined into gasoline, build new oil refineries, purchase additional pipelines and trucks to ship the gasoline to gas stations, and open more gas stations or keep existing gas stations open longer hours.
Economists call this positive relationship between price and quantity supplied—that a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied—the law of supply. The law of supply assumes that all other variables that affect supply are held constant.
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Answer:

A. Reverse logistics systems are usually less cost- efficient than forward-based systems.

Explanation:

Reverse logistics is linked to the reuse of goods and services for all activities, this includes the management and the sale of surplus. Reverse logistics is the distribution of purchased products back into the business in the reverse direction of business process flow.

Reverse logistics systems are usually less cost- efficient than forward-based systems. Reverse logisticsprovides companies with revenues and strategic benefits.

7 0
3 years ago
West Wind Tours stock is currently selling for $48 a share. The stock has a dividend yield of 3.2 percent. How much dividend inc
Readme [11.4K]

Answer:

$307.2 per year

Explanation:

We know that,

Dividend yield = Percentage of the current stock selling price

So, the dividend would be

= $48 × 3.2%

= $1.536

For 200 shares, the dividend income would be

= Number of shares purchased × dividend per share

= 200 shares × $1.536

= $307.2 per year

First, we have to find out the dividend per share and then multiply it by the number of shares purchased

8 0
4 years ago
Money received today is worth more than the same amount of money received sometimes in the future is
Shtirlitz [24]
Most likely its the other way around 

3 0
3 years ago
Read 2 more answers
Why is it important now for HR management to transform from being primarily administrative and operational to becoming more of a
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Explanation:

Human resource management is increasingly relevant for a company to be successful, competitive and well positioned in the market. It is correct to affirm that it is important that HR ceases to be basically administrative and operational to become a general strategic contributor in a company due to the fact that management is going through a phase in which organizations have well-defined social and environmental responsibilities most demanded in a competitive and globalized world.

Therefore, the valorization of human capital in an organization is increasingly essential and strategic, because through professionals satisfied with their working conditions, well trained and motivated, the objectives are achieved more effectively, there is a greater attraction of quality professionals, greater innovation, greater productivity, continuous improvement of processes and the creation and maintenance of an organizational culture focused on ethical and collaborative practices in order to achieve organizational objectives.

6 0
3 years ago
A. Think of a product and describe the stages of production the product goes through.
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The life cycle of a product is associated with marketing and management decisions within businesses, and all products go through five primary stages: development, introduction, growth, maturity, and decline. Each stage has its costs, opportunities, and risks, and individual products differ in how long they remain at any of the life cycle stages.
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