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2 years ago

What is the effect on market when suppliers under invest in their businesses

Business

1 answer:

yanalaym [24]2 years ago

8 0

Answer:

Low supply
Scarcity
Low economic growth

Explanation:

When suppliers under invest in their business, they will end up having the capacity to only produce less than the market requires. Should this happen, supply will be reduced in the market which would lead to relative scarcity all else being equal.

For economic growth to happen, there must be increasing production in an economy so if suppliers are under investing and production is low, there might be low or no economic growth.

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AnnyKZ [126]

Answer:

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2 years ago

Why do marketers want to see and understand demand curves?

Bad White [126]

<span>The demand curve is based on the price of an item and the amount that people are willing to pay for it. Marketers want to see this, because it helps them figure out how to advertise to the public and what the public wants. This can be useful in pricing items so that they are lower than that of the competitors.</span>

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3 years ago

The strategy that deals with product and process innovation and improvement is known as a __________ strategy.

Phantasy [73]

The strategy that deals with product and process innovation and improvement is known as a R & D strategy.
R & D is also known as research and development, which means, they continue searching for a possible process or way to improve the current process.

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2 years ago

A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e

AveGali [126]

Answer:

c. $240,000

Explanation:

Her economic profit is given by her revenue deducted by the explicit costs (I=$150,000) and implicit costs (opportunity cost).

Her monthly revenue is:

$R=1,000\ (items/day)*30\ days*\$15/item\\R = \$450,000$

Her opportunity cost is:

$O = 30\ days* 8\ (hours/day)*\$250/hour\\O=\$60,000$

Her economic profit is:

$P = R-I-O\\P=\$450,000-\$150,000-\$60,000\\P=\$240,000$

The answer is c. $240,000.

5 0

2 years ago

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Dafna11 [192]

Answer:

COGS= $65,100

Explanation:

Giving the following information:

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Work in Process, January 1 $ 53,800

Work in Process, December 31 38,900

Total Factory overhead 7,400

Direct materials used 14,400

Direct labor used 28,400

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 53,800 + 14,400 + 28,400 + 7,400 - 38,900= 65,100

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= $65,100

4 0

3 years ago

What is the effect on market when suppliers under invest in their businesses​

What is the effect on market when suppliers under invest in their businesses