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3 years ago

What are the main reasons companies import goods?

Business

1 answer:

oksian1 [2.3K]3 years ago

7 0

Answer:

A key reason that companies all over the world choose to import goods is to extend their profit margin. High taxes, wage minimums, and material costs in certain countries make it more useful to import products from a country where fees, wages, and material costs are considerably lower.

Explanation:

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Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 700,000 units are expecte

Sergio039 [100]

Answer:

$7.70 per unit

Explanation:

For computing the overhead rate per unit we first need to compute the estimated amount which is as follows

Total manufacturing cost

= Department 1 + department 2

= $31,41,500.00 + $15,71,000.00

= $47,12,500.00

Total machine hours

= Department 1 + department 2

= 267,000 MH + 192,000 MH

= 459000 MH

Now predetermined overhead rate is

= Total manufacturing cost ÷ Total machine hours

= $4,712,500 ÷ 459,000 MHs

= $10.27 per MH

Now overhead per unit is

= Pre-determined overhead rate per MH × Machine Hours required per unit

= $10.27 per MH × 0.75 MHs per unit

= $7.70 per unit

This is the answer but the same is not provided in the given options

3 0

3 years ago

Joe is risk averse. joe is about to flip a fair coin and will receive $400 if it comes up heads and owe $200 if it comes up tail

MrRissso [65]

Joe is risk averse so joe would accept $100 instead of the coin toss. Joe is about to flip a fair coin and will receive $400 if it comes up heads and owe $200 if it comes up tails.

<h3>What Is Risk Averse? </h3>

The term risk-averse describes the investor who chooses the preservation of capital over the potential for a higher-than-average return. In investing, risk equals price volatility. A volatile investment can make you rich or devour your savings.

<h3>What are risk-averse and risk-seeking?</h3>

Risk-seeking confers a high degree of risk tolerance or the number of potential losses an investor is willing to accept. In contrast with risk-seeking investors, risk-averse investors seek low-risk investments and are willing to accept a lower rate of return because of the desire to preserve capital.

To learn more about Risk Averse visit the link

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4 0

2 years ago

sending e-mails reminding prospects that AdVance can mix custom fertilizer formulations determining what information is still ne

Ivenika [448]

Full question :

AdVance Corporation is a company that formulates and manufactures fertilizersfor the farming industry. The company produces several standardized formulas that canbe purchased directly through the retail arms of the company, but it also formulatescustom fertilizers for farms.Which of the following is the best use of a CRM system for an AdVance salesperson interms of relationship strategy?

sending regular e-mails to customers to check on the performance of a previously purchased AdVance fertilizer

determining what information is still needed to complete the customer's file

tracking the salesperson's activities and sales on a weekly and monthly basis

sending e-mails reminding prospects that AdVance can mix custom fertilizer formulations

remembering customers' birthdays to send them cards to maintain a personal connection and request referrals

Answer:

sending regular e-mails to customers to check on the performance of a previously purchased AdVance fertilizer

Explanation:

The most effective use of the CRM(customer relationship management system) from the options listed is the follow up on customers to know how they perceive Advance fertilizer's product after having purchased and used it. This has a long list of benefits for Advance fertilizer as they can get customer feedback from customers through this, build relationship with them as well as gather more data to improve on their products in the future

8 0

3 years ago

What is the key to achieving long-term, sustainable recovery in sales in the renewal phase?

Vilka [71]

The renewal phase is focused on increasing sales and profits due to growth in the area. The key to achieving long-term stability in this stage is to make sure those moving into the area as it's growing, know your product is available. Once they are aware of the product, they are more likely to try it and trust it.

3 0

3 years ago

a price ceiling imposed on a monopoly may multiple choice lead to no shortage. lead to a shortage. drive the monopolist out of b

Gelneren [198K]

A price ceiling imposed on monopoly will lead to all, i.e., lead to a shortage, no shortage and drive the monopolist out of business.

A price ceiling is the maximum amount that a seller is permitted to charge for a product or service. Price ceilings, which are typically set by law, are typically applied to staples such as food and energy products when such goods become unaffordable to regular consumers.

A price ceiling is, in essence, a form of price control. Price ceilings can be beneficial in making essentials affordable, at least temporarily. However, economists question whether such ceilings are beneficial in the long run. Price ceilings are typically imposed on consumer staples such as food, gas, or medicine, often following a crisis or specific event that causes costs to skyrocket.

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6 0

2 years ago