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3 years ago

What does it mean to have a shortage of goods?

1 answer:

3 0

It basically means that a store doesn't have alot in Stock mostly food. so if your grocery store was running out of canned corn and chips etc. they would have a shortage of goods

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Managers of Wendy's fast-food restaurants keep track of prices at competitors such as McDonald's, Burger King, and Arby's, knowi

Y_Kistochka [10]

Answer:

It will affect Wendy's fast- food sales negatively.

Explanation:

Especially if the competitors have larger market share than Wendy's Fast-food. There will be a switch in consumers from Wendy's Fast-food to it's competitor, therefore reducing its sales and invariably reducing it's profit.

Therefore, Wendy's fast-food should be in tune with price fluctuation of it's competitors especially if it is a price decrease.

7 0

3 years ago

Creating a different and unique product is called a

polet [3.4K]

Answer:

Product Differentiation

Explanation:

This is simply a strategy used by marketers to make their product different from that of their competitors.

Product Differentiation aims to make a product different so that potential buyers would identify the uniqueness of the product from other similar products.

4 0

3 years ago

Fixed costs can be defined as costs thatGroup of answer choicesvary inversely with production.vary in proportion with production

Sholpan [36]

Answer: are incurred even if nothing is produced.

Explanation:

Fixed costs are referred to as the cost that doesn't vary with the production level. Even if the company doesn't produce anything, the fixed cost will still be incurred.

The fixed cost is different from the variable cost which is the cost that varies along with production. Examples of fixed cost include salaries, rental lease payments, salaries, etc.

8 0

3 years ago

You invested $29 comma 000 in two accounts paying 2 % and 5 % annual interest, respectively. If the total interest earned for

Korolek [52]

Answer:

Amount invested in account paying 2% = $17,000

Amount invested in account paying 5% = $12,000

Explanation:

Total amount invested = $29,000

Total Interest earned = $940

Let the amount invested in account paying 2% interest be 'x'

Therefore,

the amount invested in account paying 5% interest will be '$29,000 - x'

Now,

( 2% of x ) + [ 5% of ( $29,000 - x)] = $940

0.02x + 1450 - 0.05x = $940

- 0.03x = $940 - $1450

- 0.03x = - $510

x = $17,000

Hence,

Amount invested in account paying 2% = $17,000

Amount invested in account paying 5% = $29,000 - $17,000 = $12,000

5 0

3 years ago

O'Neill, Incorporated's income statement for the most recent month is given below. The marketing department believes that a prom

Nesterboy [21]

Answer:

$1,800

Explanation:

Here Decrease or increase can be calculated as under:

Increase in Revenue $15,000

Increase in Variable Cost (72k / 100k * $15,000) ($10,800)

Increase in Promotional Cost <u> ($6,000) </u>

Net Operating Income Decrease ($1,800)

Hence the decrease in Net Operating Income would be by $1,800.

Note: As the complete question is not provided and is not found online, almost similar question was picked from the internet. So make sure you account for of the differences.

The Numerical section of the question is given as under:

8 0

3 years ago