Answer:
If Florida experiencing a hurricane which knocked out the regional water supply for several days then the demand for bottled water increased remarkably. This increase in the demand of bottled water shifts the demand curve rightwards and supply curve remains the same. This shift in the demand of bottled water will increase the equilibrium price and equilibrium quantity in a market economy.
<span>Scientific management has evidently made business operations and efficiencies far more successful in their strategies and processes, due to the ability to quantify specific data sets and analyze this information to understand how best to implement a more effective and growing strategy.</span>
Many firms have achieved success by integrating activities throughout the extended value chain by using information technology to link their own value chain with the value chains of their customers and suppliers.
<h3>What is information technology?</h3>
Information Technology is the study systems which retains and sends information to recipients or users. Also, Information technology tends to focus on both the system hardware and the software.
An Information Technology refers to the collection of technology components that serves the needs of its users and the owner of the resulting system.
Learn more about information technology here: brainly.com/question/14462836
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Answer:
d) operating costs that are shown on the income statement in the period in which they are incurred.
Explanation:
A period cost is that which does not relate to a particular product but rather to a passage of time.
Period costs are often costs that a firm would incurred simply because it is operational and not because goods are sold. For example, whether or not a bakery produces bread, it will have to pay for rent , salaries of administrative workers, provide for depreciation of plant and machines e.t.c.
Period costs are charged are charged to the income statement as expense in the period in which they are incurred. A very popular example of period costs are selling and administrative overheads
