Answer:
True
Explanation:
An inventory cost can be defined as all costs such as carrying cost, stock out (shortage) cost and ordering cost that are associated with the procurement, holding (storage) and management (handling) of inventory.
Raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.
Excessive inventory arises when stocks or products are kept for a very long period of time, haven failed in selling them to consumers in a timely manner. Thus, any unsold product that has exceeded the projected consumer demand is generally referred to as an excessive inventory.
Hence, excessive inventory ties up your money so that you cannot use it elsewhere in your business. This is usually as a result of stock obsolescence.
This statement is false, One advantage of an unrelated diversification strategy in a developed economy is that competitors cannot easily imitate the financial economies whereas they can easily replicate the value gained through the use of a related diversification strategy.
Diversification strategy is carried out while organizations want to develop. it's miles the exercise of introducing a new product into your supply chain a good way to boom profits. these merchandise might be a brand new section of the enterprise your enterprise already occupies, known as enterprise-level diversification.
What is the diversification in marketing?
With the aid of definition. Diversification is a danger-reduction strategy that involves including product, offerings, location, clients and markets on your commercial enterprise's portfolio. This spotlight shines light on key considerations for organizations interested by developing operations to global markets.
Why is diversification method vital?
The diversification method enables agencies to discover capability markets they can tap into or new products they might release to increase their sales and sales.
how many varieties of diversification techniques are there?
There are three kinds of diversification: concentric, horizontal, and conglomerate.
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<span>Other things equal, if a recession gets worse, the number of discouraged workers WILL INCREASE and the number of those in the labor force WILL DECREASE.
Discouraged workers are identified as those people who want a job but are not looking for one because they believe that there are no jobs available for them. Because they are not actively looking for jobs, they are not considered as part of the labor force. Thus, an increase in the number of discourage workers results to a decrease in the number of those in the labor force.</span>
Answer:
This likely mean that a small business will have a harder time getting what they need for there business
Explanation:
Because if retail prices go up the smaller business might not have enough money to buy certain things then need or want
Answer:
The firm should increase output and reduce price
Explanation:
For a monopolist, there can be one of the following three scenarios at a time point in time:
Scenario one, MR = MC: For a monopolist, profit is maximized at the point where marginal revenue (MR) is equal to to marginal cost (MC), i.e. where MR = MC.
Scenario two, MR < MC: But when the MR < MC, it indicates that the monopolist is currently producing a higher quantity of output and it is not maximizing profit. In order to maximize profit, the monopolist has to reduce output until MR = MC.
Scenario three , MR > MC: But when the MR > MC, it indicates that the monopolist is currently producing a lower quantity of output and it is not maximizing profit. In order to maximize profit, the monopolist has to increase output until MR = MC. Also, the monopolist has to reduce price in order to sell the increased quantity of output.
From the question, the monopolist falls into scenerio three as MR > MC, i.e. $45 > $35. Therefore, the monopolist should increase output until MR = MC and reduce price in order to maximize profit.