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2 years ago

What is the main difference between a generic market and a product market

Business

1 answer:

Yuri [45]2 years ago

7 0

Answer:

The main difference between a generic market and a product-market is that: a generic-market involves a less similar set of needs than does a product-market. A basic difference between a "generic market" and a "product-market" is: how similar the competing sellers' products are.

Explanation:

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Dmitri lives in Houston and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. O

sladkih [1.3K]

Answer:

Implicit costs are opportunity costs. They are the cost of the next best alternative that one could have taken from the one they took.

Explicit costs are normal accounting costs which represent the expenses involved in running a business.

a. The wages and utility bills that Charles pays. EXPLICIT COSTS.

These are normal accounting expenses so they are explicit costs.

b. The wholesale cost for the guitars that Charles pays the manufacturer. EXPLICIT COSTS.

Another cost of doing business so this is explicit as well.

c. The rental income Charles could receive if he chose to rent out his showroom. IMPLICIT COST.

By not renting out his showroom and using it instead, he is losing the rental income he could be making so this is an implicit cost.

d. The salary Charles could earn if he worked as a financial advisor. IMPLICIT COST.

Another income he could be making if he wasn't selling guitars. This make it an implicit cost.

5 0

2 years ago

Garcia Company reports the following information: Net operating income after taxes $100,000 Before-tax operating income $300,000

Andrew [12]

Answer:

B) $50,000

Explanation:

Cost of Capital is the rate which is required by the capital investment by the shareholders or owners of the business. Residual Income is the portion of net income after paying the investors of the company. This income is reinvested or retained by the business.

Net operating Income after tax = $100,000

Average Invested Capital = $500,000

Cost of Capital = $500,000 x 10% = $50,000

Residual Income = Net Income - Cost of capital

Residual Income = $100,000 - $50,000

Residual Income = $50,000

7 0

3 years ago

The classical view of the economy holds that transitions to full employment are relatively quick.1. Under what condition(s) can

Effectus [21]

Answer:

1. Under what condition(s) can an economy make a relatively quick and easy transition to full-employment level of output?

Classical economics are great theoretically, but actual evidence from real life is always against them. The problem with wages and unemployment is that wages are sticky, no one likes a wage cut and employees will always fight against them. That results in drastic changes in the level of unemployment, since it is easier to fire employees than lower their salaries.

When a demand shock occurs, and the aggregate demand curve shifts to the right, the aggregate supply curve will also shift. At this point, suppliers will need to hire more employees and fast since they cannot keep up with the demand. The problem is that in real life, demand shocks are sudden only in theory, no one will wake up tomorrow having twice the money and willing to spend it all immediately.

Classical economics work on the long run, but the problem is that the long run is not a definite point in time. We might actually never live to see the long run occur.

2. What condition(s) would keep an economy from moving back to full employment quickly and easily?

Shifts in the aggregate demand curve never occur from one day to another, they are gradual and take time. In real life, unless you suddenly win the lottery, the amount of goods that you purchase is generally stable. It will increase or decrease over time but not abruptly. Since sudden demand shocks do not occur in real life, neither do sudden shifts in the employment level. That is why the government issues monthly unemployment data, and you analyze the trends over several months or even years.

8 0

3 years ago

Which of the following intermediaries are included in indirect marketing channels? (check all that apply.)

ANEK [815]

Option D: All of the given choices are correct as the intermediaries that are included in the indirect marketing channels are merchandise wholesaler, retailer, and a shipper.

When a business distributes and sells its product through an intermediary, this is known as indirect selling. Different numbers of intermediaries may be used in indirect selling marketing channels. The manufacturer can sell their product to an intermediary who then sells it to a consumer in the most direct distribution route. However, they might occasionally use more than one middleman to distribute a good. Shopping centres and national chains are just a couple of the examples of intermediary channel uses that are included in this marketing channel.

Intermediary marketing channels describe how businesses and intermediaries actually deliver the products, whereas intermediary channels discuss who delivers products to consumers.

To know more about intermediary market channels, refer to the following link:

brainly.com/question/25339343

#SPJ4

Complete question is:

which of the following intermediaries are included in indirect marketing channels? (check all that apply.)

a. Shipper

b. Merchandise wholesaler

c. Retailer

d. All of the above

7 0

1 year ago

Read 2 more answers

Marks Corporation's balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cas

Vinvika [58]

Answer:

<u>statement of cash flows using the indirect method.</u>

Cash Flow from Operating Activities

Net income for the year was $77

Adjustment of Non-Cash Items :

Depreciation $40

Adjustment for Working Capital items:

Decrease in Accounts receivable $4

Increase in Inventory ($3)

Increase in Accounts Payable $2

Net Cash From Operating Activities $120

Cash Flow from Investing Activities

Purchases of Property, plant, and equipment ($108)

Net Cash used in Investing Activities ($108)

Cash Flow from Financing Activities

Proceeds from Common Stock Issue $1

Dividends Paid ($13)

Net Cash used in Financing Activities ($12)

Net Cash Inflow/(Outflow) during the period $10

Cash and Cash Equivalents at Beginning of the Period $37

Cash and Cash Equivalents at End of the Period $47

Explanation:

<u>Show the Movement of Cash in the 3 categories of </u>

Cash flow from Operating Activities
Cash flow from Investing Activities
Cash flow from Financing Activities

3 0

3 years ago