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larisa [96]
3 years ago
7

Read the scenario below and then answer the question. Sample scenario: Scientists have created a new grass seed that stops grass

growth at a specific length, eliminating the need to mow the lawn. The price of this seed is high, but many consumers still want to use it. As a result, several different producers supply a large amount of this seed to consumers. In order to attract consumers to their product, some producers lower their prices and supply fewer bags of seeds. What is the best description of the grass seed that is described in this scenario
Business
2 answers:
Mazyrski [523]3 years ago
8 0

Answer:

It's a good with an elastic supply

Explanation:

edge 2021

Ray Of Light [21]3 years ago
7 0

Answer: a good with an elastic supply

Explanation:

Price elasticity of supply simply refers to how the changes in market price of a good bring about a responsiveness to the supply of such good.

Based on the information given, the best description of the grass seed that is described in this scenario is that it's a good that has an elastic supply. This is because the price of the good in thus case, is sensitive to the changes in the price.

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Great Southeast ​Company's Cash account shows an ending balance of $ 660. The bank statement shows a $ 27 service charge and an
Harman [31]

Answer:

$503

Explanation:

The computation of the adjusted cash balance is shown below:

As we know that

Adjusted cash balance is = Cash ending balance - NSF Checks - Service charge

= $660 - $130 - $27

= $503

And we do not considered the other two items as they are not impact the cash balance

Basically we applied the above formula

4 0
3 years ago
Joseph runs a popular cafeteria chain. He currently has three branches in the city. He plans to enter a franchise contract with
vekshin1

Answer:

B. business format franchise

Explanation:

Under the business format model, the franchisee adopts the entire business operating systems of the franchisor. It means that the franchisee uses the franchisor's trademark, plans, and procedures. Goods and services offered by the franchisee will be identical and will bear the same prices as those of the franchisor.

Joseph plans to operate a business format model of a franchise. The franchisee will have to meet Joseph's standards of operations. For that to happen, Joseph must provide the following.

  1. Initial training
  2. Standardize build-out plans
  3. Operations manuals
  4. Continuous support
  5. Point-of-sale system education
  6. Key functionalities

Joseph has a responsibility to ensure the franchisee adhere to the standards agreement. It means he will have a supervisory role in management for the franchisee.

In return, Joseph will be earning commissions from each franchisee based on the income of each of them.

3 0
3 years ago
Guaranteed circulation in magazines: Multiple Choice is the maximum number of magazines that will be distributed through all cha
Alecsey [184]

Answer:

The correct answer is letter "D": is the number of copies of the magazine that the publisher expects to circulate.

Explanation:

Magazines are mediums of communication characterized for focusing on providing information to a specific customer in the market. In such a scenario we can identify auto magazines, computer and electronics magazines, and cuisine magazines just to mention a few.

The drawback of magazines relies on the delay of the information portrayed since magazines are portrayed periodically -once in a week, or once in a month usually, which implies by the time magazine is printed the information portrayed might have changed.

However, <em>magazines sales managers handle a guaranteed circulation estimate that represents the expected number of copies the publisher aims to circulate.</em>

3 0
3 years ago
In Maslow's hierarchy of needs, the desire for love and acceptance would fall into the category of:
Gre4nikov [31]

Answer:

D. self-actualization need

3 0
3 years ago
In your own words,explain why creating a budget and sticking to it is so important. Answer in at least 3-5 complete sentences.
worty [1.4K]
It help you to keep your eyes on your prices

It helps ensure you don’t spend money you don’t have

It helps to prepare for emergencies
3 0
3 years ago
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