The main thing we can do to manage the problem of scarcity is to not overspend.
Scarcity happen when the number of demand in our society heavily outnumber the amount of resources available. By observing our consumption behavior today, we will notice that a lot of people spend money to buy more goods or services that they actually need.
If we control this overspending behavior, not only people who overspend can save some of their money, there will be a lot of goods/services left for other people.
Answer:
Selling price= $172.8
Explanation:
Giving the following information:
Manufacturing costs to be $ 240.00 per air conditioner
Consisting of 60% variable costs and 40% fixed costs.
Selling price= 20% markup to full costs.
Because it is a special offer and there is unused capacity, we will not take into account the fixed costs:
Unitary cost= 240*0.6= $144
Selling price= 144*1.2= $172.8
Without new products, Erik can market his current products only to his current market the same products to similar customers
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Explanation:</u></h3>
New product development involves a lot of research work. This plays a vital role in making the newly developed product to be more successful. The research team must first identify the areas that can be improved with the requirements and feedback from their loyal customers.
But in the given example, Erick’s company is already successful with the developed product for more than five years. Hence, it is recommended for marketing the current products to the current customers and market the same products to similar customers.
Answer:
Rewarding behavior, not just results
Explanation:
Effective recognition means that you have to recognize the effort that being put by the person , not just the ideal outcome.
Let's say that you want to influence your employees to improve their productivity. There is a chance that some might fall and some might succeed.
Those who fall does not necessarily make lesser effort than those who success. There is a chance that they're focusing their effort on the wrong things.
In such situations, you need to acknowledge and reward the fact that they're willing putting the effort and give them advice on how to nudge the effort's direction so it become more effective.
Answer: $100,000
Explanation:
Financing activities are those that relate with how the company finances its operations and includes cashflows related to equity and long term liability.
The financing activities outflows here total:
= Payment of dividends to stockholders
= $100,000
The two other cashflows are considered investing activities.
