1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elina [12.6K]
2 years ago
11

Highlight characteristics of itinerant traders​

Business
1 answer:
aivan3 [116]2 years ago
7 0

<h3>Some features of such itinerant retailers are:</h3>

  • The scale of operations is small. ...

  • The capital is also limited in the case of itinerant retailers.

  • They usually deal in day to day products and perishable items of daily use like fruits, vegetables, milk, toiletries etc.
You might be interested in
Halp! I need an answer right away<br> Thank you
garri49 [273]

Answer:

see below

Explanation:

Revenue is the money a business receives by engaging in its normal trading activities. It is the money paid to the business for selling goods or services to clients.  For a business to be profitable, its revenues must exceed expenses.

If the business owner has revenue of $2000 and is finding it difficult to stay in business, it means the expenses are almost or more than $2000. Revenue, as stated, is generated from sales. Expenses refer to the costs incurred in generating revenue. They include the cost of materials, rent, wages, and all other business-related expenses.

When the expenses are more than revenue, the business suffers losses. This business owner is probably incurring losses; that's why they have a challenge in staying open.

7 0
3 years ago
Paolucci Corporation's relevant range of activity is 4,000 units to 8,000 units. When it produces and sells 6,000 units, its ave
ratelena [41]

Answer:

$12.50

Explanation:

Variable costs are those costs which changes with the change in activity driving the cost (Sales. production etc.). It can be direct or indirect costs.

Whereas fixed costs are those costs which remains constant and do not change with the change in activity.

All the following costs are variable costs

                                                          Average Cost per Unit

Direct materials                                   $6.45

Direct labor                                          $3.30

Variable manufacturing overhead     $1.25

Sales commissions                              $1.00

Variable administrative expense       <u>$0.50</u>

Total variable cost per unit                <u>$12.50</u>

All the following costs are fixed costs.

Fixed manufacturing overhead         $3.00

Fixed selling expense                        $1.05

Fixed administrative expense           $0.60

3 0
3 years ago
Alex receives a raise at work and continues to work the same number of hours each week. what is the most likely way that his dem
Murljashka [212]

An inferior good is a type of welfare whose demand decreases when consumer income increases or demand increases when consumer income decreases. Therefore, if a consumer considers shirts to be inferior goods, the way he will stop consuming it will be when there is a real increase in his income.

In the case narrated, Alex had an increase in salary and remained working for the same number of hours. This means that with the same job, he will have a higher income, meaning there was a real increase in Alex's income. If he considers the $ 3 shirts a much lower asset, he will lessen the demand for it.

3 0
3 years ago
Read 2 more answers
What information is important when choosing a healthcare plan?
Nataliya [291]
5 Things to Consider When ChoosingYour Health Coverage

Type of plan and provider network. Do the health care providers, hospitals and pharmacies you prefer fall within the plan's network?

Premiums. How much will you pay per month for coverage?

Deductibles. What is the amount you must pay out of pocket before your coverage kicks in?

Copay or coinsurance

Coverage of Medicines




I hope it helped you!
8 0
3 years ago
if a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?
lbvjy [14]
Given:
Selling price = 6.99
Cost = 4

The dollar markup is computed by deducting the cost from the selling price.

6.99 - 4 = 2.99 is the dollar mark-up based on cost.

2.99/4 = 0.7475 x 100% = 74.75% is the percentage mark-up based on cost.

8 0
3 years ago
Other questions:
  • What advice does Lisa Marie Ford have for people interested in a career in marketing or business? (Site 1)
    9·2 answers
  • Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. The home comes equipped with all furnishings. T
    6·1 answer
  • Explain the similarities between monopolistic competition and oligopoly.
    9·1 answer
  • A(n) ________ is an early user of a firm's product who is willing to give a testimonial regarding his or her experience with the
    13·1 answer
  • The beginning and ending balances of retained earnings for the year were $30,000 and $35,000 respectively. If dividend payments
    6·1 answer
  • Using the CAPM, compute the cost of equity capital for the lodging division at the target leverage ratio for the division. Expla
    6·1 answer
  • A successful TQM program incorporates all of the following except __________. ANSWER Unselected benchmarking Unselected centrali
    8·1 answer
  • For a monopolistically competitive firm, at the profit-maximizing quantity of output, a. price exceeds marginal cost. b. margina
    8·1 answer
  • Citizen suits allow an individual to do all of the following except _____.
    9·1 answer
  • 1. It is said that a delay in critical path activity will delay the project, while a delay in a noncritical path activity will n
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!