Answer:
c. Economists devise theories, collect data, and analyze the data to test the theories
Explanation:
Economists use past data to predict the future.
They make use of sound economic theory instead of rule of thumb to predict the future.
I hope my answer helps you
Answer: C.73
Explanation:
It is stated that 1,500 less motor homes will be sold once Winnebagel Corp. introduces it's new Portable Camper.
However it also states that 500 out of this 1,500 will be lost regardless of if the Portable Camper is introduced or not.
So that means that the actual erosion effect on the sale of motor homes is,
= 1,500 - 500
= 1,000 mobile homes.
Since each home is sold for $73,000 then the Erosion effect will be,
= 73,000 * 1,000
= $73,000,000
$73 million is the erosion effect on the sale of motor homes by introducing the new portable camper so Option C is correct.
Able sold to both the low and high-tech segments last year, and marketing predicts able will have the same market share next year. 1,841 units would you forecast for able.
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.
Advertising is one of the primary methods used by marketing and promotion specialists to capture the interest of important target markets. Targeted promotions may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
Learn more about marketing here:
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Answer:
Effect on income= $-117,500
Explanation:
Giving the following information:
Kawai Corporation, which makes and sells 85,000 radios annually, currently purchases the radio speakers it uses for $8.00 each.
Kawai estimates that the cost of materials and labor needed to make speakers would be a total of $6.50 for each speaker. Also, supervisory salaries, rent, and other manufacturing costs would be $170,000. Allocated facility-level costs would be $75,000.
Buy= 85000*8= $680,000
In house:
Production costs= 6.5*85,000 + 75,000= 627,500
Other fixed costs= 170,000
Total cost= $797,500
Effect on income= 680,000 - 797,500= $-117,500
Answer:
Susan is owning a business and this type of ownership is called Sole proprietorship.
Explanation:
In the question the details which are provided are:
Susan is owning a business and she is operating a large restaurant in Dallas which is giving employment to about fifty people there.
She has also kept two managers for assisting her in the restaurant work and she delegates some decision making from them too but the ownership remains only with her.
So, this form of business ownership is called sole proprietorship.
Sole proprietorship: It is the simplest and easiest way of starting a business of one's own. In this type of unincorporated business the business is owned and run by a single member or individual.
It does not deals with the legal contracts between the business entities and any individual.
Examples: It constitutes of single person membership in the business.
So, the businesses like a grocery store, food mart, or restaurants can be their examples.
In this type of business as soon as we start providing the services to the other people thatis named as sole proprietorship.