Answer:
E
Explanation:
How often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.
The strategy decision making about the industry and competitive conditions involve evaluating the prices, buyer sensitivity to the prices, serviceability & frequency.
Answer:
Option (C) is correct.
Explanation:
Nominal GDP:
= (No. of burgers sold × Selling price of each) + (No. of fries sold × Selling price of each)
= (4000 × 3) + (6000 × 1.5)
= 12,000 + 9,000
= $21,000
Real GDP (in 2008 prices)
= (No. of burgers sold × Selling price of each) + (No. of fries sold × Selling price of each)
= (4,000 × $2.50) + (6000 × $2)
= 10,000 + 12,000
= $22,000
GDP deflator:
= (Nominal GDP ÷ Real GDP) × 100
= (21000 ÷ 22000) × 100
= 95.45
Answer:
<h2>In this case,the answer is option is B. or a positive economic statement.</h2>
Explanation:
- In Economics or any Social Science,a positive statement basically refers to an assertion,proposition,fact etc. that can be practically tested or evaluated by examining statistical or empirical data,information and/or facts.
- In this instance,the statement given represents an economic relationship between two economic variables,that is,price of gasoline and its consumption level.
- Therefore,this is a general statement that can be verified or evaluated by collecting and examining relevant numerical data or facts on the price of gasoline and its consumption level at various parts of the country.
- Following the data or numerical fact collection on both price of gasoline and its consumption or purchase level,a basic correlation study can be conducted between the two concerned variables to determine whether the gasoline price has any practical impact on its consumption level.
The <u>procurement</u><u> statement of work</u> documents the portion of work to be purchased in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.
<h3>What is procurement?</h3>
Procurement can be defined as a terminology that is used to connote the purchase of raw materials, items or resources from suppliers, which are used by business firms for the manufacturing of other finished goods and services.
Basically, the <u>procurement</u><u> statement of work</u> is typically used to document the portion of work to be purchased by an entrepreneur or business firm in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.
Read more on procurement here: brainly.com/question/26101126
Answer:
Dr Factory Overhead $29,200
Cr Materials 8800
Cr Wages payable 6600 Cr Utilities Payable 4800
Cr Accumulated Depreciation-Factory 9000
Explanation:
Preparation of the entry to record the factory overhead incurred during May.
Dr Factory Overhead $29,200
($8,800 + $6,600 + $4,800 + $9,000)
Cr Materials 8800
Cr Wages payable 6600 Cr Utilities Payable 4800
Cr Accumulated Depreciation-Factory 9000
(To record the factory overhead incurred during May)
