1. Management Should formulate business that are favorable to the interest of the society. By doing this its also promoting its own business interest. Cleary a business organization cannot operate within the a sick society.
2. •Products are adulterated. •Political bribery •Illegal gifts • and other illegal incentives.
3. Consumers are generally weak to fight such as negative business activities, particularly among the poor countries. Consumers in the rich countries are more vigilance against business abuses.
4. Management must consider the impact of every business action upon society. It has to consider whether the action is likely to promote the public good, to advance the basic beliefs of our society, to contribute to its stability, strength and harmony
5. •Should you have a partner? •What type of business organization is the best for you? •Laws that may affect you? •How can your professional help you?
6. The profit factor is a vital element of business. The first responsibility of management is to operate at a profit.
7. Consumers tend to purchase more goods at lower price. And will they get more profit because more goods are bought.
<em>-</em><em> </em><em>BRAINLIEST</em><em> answerer</em>
Yes, I would agree about this definition of economic resources and how it is deciding how to utilize land, labour and capital. Just how it is utilized depends on the aims of both the government and industry. If it is a capitalist economy, then these resources will be used primarily for enhancing the profit of the corporations though theoretically if the citizens have fought for it, there will also be some favorable social programs like medicare and a decent education system. On the other hand, if there is a socialist oriented government like now in many Latin american countries, then the resources will be used primarily to benefit the needs of the vast majority of poor people.
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Answer:
4300 units would cost $ 898461 or $ 208.9 ≅ $ 209 per unit
Explanation:
Production Volume 4,000 Units 5,000 Units
Direct Materials $85.80 per unit $85.80 per unit
Direct Labor $56.10 per unit $56.10 per unit
Manufacturing overhead $73.60 per unit $62.10 per unit
Total Manufacturing Costs $ 215.5 per unit $ 203.7 per unit
The best estimate of the total cost to manufacture 4,300
4000 units at $ 215.5 = $ 862,000
5000 units at $ 203.7= $1018500
9000 units would Cost = $ 862,000+$1018500= $ 1880500
We have taken the total of the two costs and then divided with the number of 9000 units to get an average price as the fixed costs are decreasing as the number of units increase from 4000 to 5000.
4300 units would cost = $ 1880500/ 9000 * 4300= $ 898461 or $ 208.9 ≅
$ 209 per unit
Answer:
The price went up because the supply was low and the demand was high.
I believe
Explanation: