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2 years ago

Mention two ways of using money wisely

Business

2 answers:

Bess [88]2 years ago

7 0

SPENDING: rather than spending earned money as soon as you get your paycheck, save it so you can get something bigger you'll actually need; rather than a bunch of $5 knickknacks

PROFIT: typically, people buy something cheaper. Sell your items for less. For example, Jack sells lemonade for $10, and Ash sells for $9. Since they are selling the exact same thing, more people will go to Ash, therefore making them more money. If there are only 2 people willing to spend $10 for a cup of lemonade, Jack will make $20. If 3 people choose Ash, Ash will make $27.

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Ilya [14]2 years ago

4 0

Investing in stock is a wise use of your money please mark brainliest

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Scott defines "minority owned" in his study of businesses in Northeastern City as being those businesses that are currently owne

Sphinxa [80]

Answer:

conceptualized

Explanation:

Based on the information provided within the question it can be said that in this scenario Scott has conceptualized the concept of "minority owned". This term refers to when an individual creates an abstract but very simplified view of something. Which in this case he gave the term "minority owned" a simplified definition of being only owned by women or African Americans, when there can be many other minorities in a certain area.

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3 years ago

Marketing strategy involves the activities of selecting and describing one or more target markets and developing and maintaining

Nata [24]

Answer:

The statement is true

Explanation:

Marketing strategy is the strategy which is defined as all of the marketing objective as well as goals of the company combined into a one or a single comprehensive plan. It is the one which develop and create marketing mix.

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So, the statement is true as it is stating that the strategies involve selecting activities and define 1 or more target markets. Also maintain and develop the marketing mix.

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3 years ago

Which of the following statements is false?

Lelechka [254]

Answer:

Which of the following statements is false?(A)

Explanation:

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2 years ago

Read 2 more answers

Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand for rice is very consistent 200 pounds per mont

Paladinen [302]

Answer:

A. 566 pounds

Explanation:

Given: Demand for rice is very consistent= 200 pounds per month.

Cost of rice per order= $50 per order.

Rice cost= $5 per pound.

Carrying charge= 15%

EOQ: Economic order quantity (EOQ) is the number of units that company should include in their inventory with each order to reduce cost of inventory.

Now, calculating EOQ.

Formula; EOQ= $\sqrt{\frac{2DP}{C} }$

D= Demand in units for specified period.

P= relevant ordering costs per order.

C= Relevant carrying cost of one unit in stock for the time period used for D.

EOQ= $\sqrt{\frac{2\times (50)(200\times 12)}{5\times 15\%} }$

⇒ EOQ= $\sqrt{\frac{2(50)(2400)}{5\times (0.15)} }$

Opening parenthesis

⇒ EOQ= $\sqrt{\frac{240000}{0.75} }$

⇒ EOQ= $\sqrt{320000}$

∴ EOQ= $565.68\ pound \approx 566\ pounds$

Hence, Economic order quantity is 566 pounds.

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3 years ago

Why is the supply curve a vertical line

AlladinOne [14]

In some cases, supply curves are vertical, which means that for any price from 0 up to infinity, the quantity will stay the same.

This is very true for supply of an authentic painting in auctions, where there may only be 1 single painting, and people state the highest price they are willing to pay for the painting. Regardless of the price, there will only be 1 authentic painting for that price.

Hope this helps! :)

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3 years ago

Mention two ways of using money wisely​

Mention two ways of using money wisely