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Nimfa-mama [501]
3 years ago
9

What are two important benefits provided by retailers?

Business
1 answer:
earnstyle [38]3 years ago
6 0

Retailers are important in the distribution of goods to the final consumers as

this ensures less shipping cost accrued as a result of them buying the

commodities in bulk and then selling at designated points which are usually

close to the final consumers.

Retailers also ensure that there is a healthy market competition. The

retailers assist in ensuring that the prices of goods and services varies and

the consumers therefore has various options he/she can choose from which

is a very good thing.

Read more on brainly.com/question/25376778

You might be interested in
The current net profit of sigma inc. is $8 million, the market price of the stock is $65, and sales is $50 million. the net prof
IRISSAK [1]

The net profit margin, or simply net margin, measures how much net income or profit is generated as a percentage of revenue.

It is the ratio of net profits to revenues for a company or business segment. Net profit margin is typically expressed as a percentage but can also be represented in decimal form.

<h3>How do we calculate net profit margin?</h3>

Net profit margin is calculated by dividing the net profits by net sales, or by dividing the net income by revenue realized over a given time period.

<h3>What is good net profit ratio?</h3>

For example, in the retail industry, a good net profit ratio might be between 0.5% and 3.5%.

Other industries might consider 0.5 and 3.5 to be extremely low, but this is common for retailers. In general, businesses should aim for profit ratios between 10% and 20% while paying attention to their industry's average.

Learn more about net profit margin here:

<h3>brainly.com/question/22024991</h3>

<h3>#SPJ4</h3>

6 0
1 year ago
Which of the following options is a better purchase for a bicycle?
Bess [88]

Answer:

Option 3: $12 down with equal payments of $5 for 12 months

Explanation:

In option 1 :

The cost is $ 88,

In option 2 :

Down payment = $ 5,

Weekly payment = $ 8,

Number of weeks = 10,

So, the total cost = 5 + 8 × 10 = 5 + 80 = $ 85,

In option 3 :

Down payment = $ 12,

Monthly payment = $ 5,

Number of months = 12,

So, the total cost = 12 + 5 × 12 = 12 + 60 = $ 72,

In option 4 :

Down payment = $ 20,

Monthly payment = $ 20,

Number of months = 12,

So, the total cost = 12 + 20 × 12 = 12 + 240= $ 252

∵ 72 < 85 < 88 < 252

Hence, option 3 is better.

6 0
3 years ago
​We can show economic​ inefficiency: A. with points on the production possibilities frontier. B. with points inside and on the p
Deffense [45]

Answer:

The correct answer is option C.

Explanation:

The points on the production possibility curve show the efficient utilization of resources. The points below the curve show attainable but inefficient bundles. This is because the points below the curve imply that resources are not fully utilized and there are still some excessive resources left.

The points above the curve show those bundles that are unattainable. This is because these bundles need more resources to be achieved.

3 0
2 years ago
Choose the correct answer. a.The cost of a CPA review course is deductible by a bookkeeper on his Schedule C. b.Expenses require
Snowcat [4.5K]

Answer:

d.Expenses for travel as a form of education are not deductible.

Explanation:

Expenses in the nature of travel, are not allowed while the travel might be for the purpose of education.

This is because it is not in the nature of direct expense.

As the expense for the purpose of business which are important for the business to pursue in a more positive manner is preferable and essential for the business.

As extra education and knowledge provide excellence to perform the task for which knowledge is acquired.

6 0
3 years ago
Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes.
DedPeter [7]

Answer:

b. make fewer than 20 wedding cakes per month.  

Explanation

Laura sells 20 wedding cakes per month.

Her monthly total revenue is $5,000.

Marginal Revenue = $5000 / 20 cakes = $250

The marginal cost of making a wedding cake is $300.

<em>In order to maximize profits, Laura should make fewer than 20 wedding cakes per month.  </em>

<em>The reason is that Laura's marginal cost is higher than her marginal revenue implying that she is spending more on each item than she is gaining. </em>

<em>By reducing one unit of output she will be gaining more revenue.</em>

<em> Profit Maximization Rule Definition  states that if a firm chooses to maximize its profits, it must choose that level of output where Marginal Cost (MC) is equal to Marginal Revenue (MR) and the Marginal Cost curve is rising. i.e. it must produce at a level where MC = MR. </em>

<em>Hence Laura has to make fewer cakes</em>

7 0
3 years ago
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