The part of a market controlled by a certain company or product
Answer:
Gross Margin = $6,000
Explanation:
Gross margin refers to the Sales price - Direct cost associated with the product.
Here, Sales Value = 200 outdoor planters for $50 each = $50 
200 = $10,000
Cost associated with this outdoor planters = Purchase cost as paid to supplier = $4,000
Thus, gross margin = $10,000 - $4,000 = $6,000
Note: Time period and dates provided for such sales and collection of amount or payment to supplier is of no relevance.
Final Answer
Gross Margin = $6,000
Answer:
The net working capital is -$4600.
Explanation:
Use the below formula to calculate net working capital:
Net working capital = Total current assets – Total current liability
Total current liability = $6100
Total current asset = increase in inventory –decrease in account reciveable
Total current asset = $2800 – 1300
= $1500
Now, Net working capital = Total current assets – Total current liability
Net working capital = $1500 – $6100
= - $4600
Thus, net working capital is -$4600.
Example when a person goes to a dentist he use the services of the dentist and returns with a relief. In the process he does not get any physical commodity but still he has consumed a service. Core goods providers provide a significant service component as part of their businesses.
The American Marketing Association defines services marketing as an organisational function and a set of processes for identifying or creating, communicating, and delivering value to customers and for managing customer relationship in a way that benefit the organisation and stake-holders.
In the short-run by a production by a firm, an increase in the variable input results in an increase in the marginal. Hope it helped
