Answer:
wholesaler
Explanation:
A wholesaler is part of the downstream supply chain. It operates by purchasing large amounts of certain goods and then reselling them to smaller retailers. Wholesalers act as intermediaries between small retailers that are unable to purchase large amounts from manufacturers, but still need to purchase them at a discount price. Generally, wholesalers do not sell directly to the general public, only to other smaller businesses.
Answer:
$18.60
Explanation:
Target cost:
= Sales revenue - Profit
= (No. of units sold × Selling price per unit) - (Investment require × desired return on investment)
= (20,000 × $21) - ($400,000 × 0.12)
= $420,000 - $48,000
= $372,000
Target cost per unit:
= Target cost ÷ Number of units
= $372,000 ÷ 20,000
= $18.60
Therefore, the target cost per unit is closest to $18.60.
Answer:
the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.
Explanation:
the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.
If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.
The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.
Answer:
a. nearshore outsourcing
Explanation:
Nearshore outsourcing is a business practice related to transferring certain activities and services to people and organizations in neighboring countries.
Since Canada and Mexico are neighboring countries of the US, this is nearshore outsourcing. On the other hand, offshore outsourcing is a type of outsourcing that transfers the activities on to farther countries. In this example, offshore countries would be India or Ukraine.
