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DochEvi [55]
3 years ago
12

Give me 3 facts about traditional economies​

Business
2 answers:
Gala2k [10]3 years ago
8 0

Answer:

customs, history, and time-honored beliefs

Explanation:

A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production and distribution. Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them. They use barter instead of money.

Ainat [17]3 years ago
7 0

Answer

1st fact: relies on customs, history, and time-honored beliefs.

2nd fact: Societies with traditional economies depend on agriculture, fishing, hunting, or some combination of them.

3rd fact: Traditional economies work with the natural environment.

Explanation:

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Tirri Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$ 7.05 Direct labor$ 4.20
Kazeer [188]

Answer:

Contribution margin per unit= $12.85

Explanation:

Giving the following information:

Direct materials$ 7.05

Direct labor$ 4.20

Variable manufacturing overhead$ 1.55

Sales commissions $ 1.15

Variable administrative expense$ 0.40

<u>To calculate the contribution margin, we need to use the following formula:</u>

Contribution margin per unit= selling price - total unitary variable cost

Contribution margin per unit= 27.2 - (7.05 + 4.2 + 1.55 + 1.15 + 0.4)

Contribution margin per unit= $12.85

8 0
3 years ago
Which of the following would not be an operations maangement function in a fast food restaurant?
iVinArrow [24]

Answer:

b. advertising and promotion

Explanation:

All process required to produce the product are part of operation and this includes making, designing the layout of the facility, purchasing ingredients an maintaining equipment.

The marketing and promotions lies with the Sales and Distribution Function or Marketing Function of the fast food restaurant.

4 0
3 years ago
The pricing strategy used by companies manufacturing or selling designer apparel custom jewelry and exclusive paintings is refer
a_sh-v [17]

Answer : Premium Pricing.

Companies manufacturing or selling designer apparel, custom jewellery or exclusive paintings usually have a unique brand. These companies usually have their own signature brands that have a big competitive advantage. Hence they charge higher prices.

8 0
3 years ago
An office building has $66,000 of net income and sold for $550,000. What was the rate of return? 12% 8.3% 10% 11.1%
spayn [35]

Answer:

8,3

Explanation:

its less then 10%

5 0
3 years ago
Read 2 more answers
Which of the following is true of constraints that exist in product mix decisions?
chubhunter [2.5K]

Statement that is  true of constraints that exist in product mix decisions is Multiple constraints can be handled using linear programming.

<h3>What is Product mix decision?</h3>

Product mix decision refer can be regarded as the decisions involving addition of a new or eliminating any existing product from the product mix.

It involves  adding a new product line as well as lengthening any existing line in order to increase the profitability.

Learn about Product mix decision at:

brainly.com/question/14037774

8 0
2 years ago
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