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Karo-lina-s [1.5K]
2 years ago
10

Catalog companies are committed to selling at the prices printed in their catalogs. a. If a catalog company finds its inventory

of sweaters rising, what does that tell you about the demand for sweaters? multiple choice 1 Demand was unexpectedly high. Demand was unexpectedly low. Demand was as expected.
Business
1 answer:
iren2701 [21]2 years ago
8 0

Answer:

The demand for sweaters was unexpectedly low.

Explanation:

If the inventories are rising for sweaters then we know that demand for sweaters must be falling. This is because prices are fixed, so this implies that people are buying less of the good due to a decrease in demand.  In most circumstances, this accumulation of inventories suggests that the demand for sweaters was unexpectedly low since companies try to smooth out production to minimize costs.

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Why do you think average income is an important criterion for development explain.
oee [108]

Average income is important because it tells us the income of an average person and gives an idea about the rising standard of living of people.

Average income is basically income earned per person in a given area in a specific year. More income means more money to fulfill your needs and wants. It is believed that the prosperity of a country depends on it. Money is considered an important factor in the development of a country. If the average income of a country increases there are chances of an increase in the development of that country. If the average income is lower there are fewer chances of development.

A country with high average income is considered rich and low average income country is considered poor. The World Bank also uses the average income to measure the development of any country. Therefore average income is considered a very important criteria for development.

You can learn more about average income at

brainly.com/question/15046941

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7 0
8 months ago
An entrepreneur recently purchased Cocoon's, a local deli, on the beach. To operate the business, she estimates that selling and
crimeas [40]

Answer:

27%

Explanation:

The computation of the net profit margin is shown below;

As we know that

net profit margin = Net profit ÷ sales

where

net profit is

<u>Particulars                                                                 Amount </u>

Sales (200 customers × $12 × 350 days) $840,000

Less: cost of goods sold (200 customers × $4.50 × 350 days) -$315,000

Gross profit $525,000

Less:

Selling and admin expense -$98,510

Depreciation expense - $20,000

Bank loan interest -$76,265

Net income before tax $330,225

Less tax at 32% -$105,672

Net income after tax $224,553

Now the net profit margin is

= $224,553 ÷ $840,000

= 27%

6 0
2 years ago
The problem of _________________ arises when an antique dealer knows more about the quality of an item than the potential buyer,
vlada-n [284]

Answer:

Option (D) is correct.

Explanation:

Imperfect information refers to a situation in which both the parties (i.e buyer and seller) have different information. For example; In a market of second hand car industry, the buyer have less information about the car as compared to the seller. In this type of industry, the seller have more information about the condition and quality of used car.

In our case, the seller of antique have more information about the product, so this will lead to give a disadvantage to a potential buyer of antique.

8 0
2 years ago
Read 2 more answers
The city fire department offers its services to any individual within its city limits, so even paul, who is driving through the
Sholpan [36]
I would say that the fire department is an example of an organization with universal coverage something like pensions and medicare pthat are provided to all citizens of a country regardless of their income and so is an equitable system. Consequently then I would say that the fire department is an example of a commonwealth organization.
4 0
3 years ago
Read 2 more answers
Outdoor sports unlimited, a retail store, must use reasonable care on its premises to warn its customers of
-BARSIC- [3]
<span>They have to use reasonable care to warn about hidden risk. These are the dangers that might not be totally foreseeable at a location, but still need to be brought to light in case they do take place. The business needs to make sure that the ordinary person, exercising the average level of judgment, would not do something that would lead to injury or damage in some way.</span>
7 0
3 years ago
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