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2 years ago

What is the coordinating mechanism in a market system?

Business

1 answer:

Sholpan [36]2 years ago

7 0

Answer:

The price mechanism is the central coordinating mechanism in a market economy. Prices tell people what to use their resources.

Explanation:

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According to the United Nations' stages of economic development for classifying countries with respect to levels of industrializ

andrezito [222]

Answer:

More-deceloped country

Explanation:

Industrialized countries with high per capita incomes, such as Canada, England, France, Germany, Japan, and the United States fall into the category of more-developed country

4 0

3 years ago

Craig is a salesperson for an industrial equipment company. Craig calls on factories and spends most of his time talking with eq

julsineya [31]

Answer:

Identify managers and people with authority to decide the purchase.

Explanation:

When you work with an opportunity to sell an important part of your work, to be able to advance until closing, it is to be able to interview the person or people with the power to decide the purchase.

If you discover during your first interviews that the person with whom you initially contacted does not have the authority or influence over the purchase decision, then you need this person to promote your access to the person with the true power to decide. In many cases this is very easy to achieve, but in other cases, you will need to negotiate access to the sphere of power. The most powerful tool at your disposal to negotiate this access is to have created a vision of the solution to your problems in the mind of your interlocutor. Once you have created a vision of the solution, we can say that this person already has a clear idea about how to solve their problems and improve the current situation of the company. You must become a promoter of your solution within your company and serve as an engine to promote your offer in front of the decision group.

5 0

3 years ago

The total factory overhead for Martin Company is budgeted for the year at $375,000. Martin manufactures two garden products: a l

meriva

Calculation of total number of budgeted direct labor hours for the year:

It is given that Martin manufactures two garden products. These products each require four direct labor hours (dlh) to manufacture. Each product is budgeted for 2,500 units of production for the year.

Hence, the total number of budgeted direct labor hours for the year shall be = 2 Products *2500 units * 4 dlh = 20,000 dlh.

4 0

2 years ago

_______________ also includes ensuring that you are effectively providing this benefit service (be it feeding the homeless, prot

Ostrovityanka [42]

Protecting the environment

7 0

3 years ago

An electronics company has developed a new hand-held device. The company predicts that the start-up cost to manufacture the new

Leni [432]

Answer:

A) to calculate the break even point we can use the following:

break even point = fixed costs / contribution margin

break even point = 125,000 / (9 - 6.5) = 125,000 / 2.5 = 50,000 units

The company must sell over 50,000 units to make a profit

B) if the unit production costs increase 10%, the new unit cost will be $7.15, and the new break even point will be: 125,000 / (9 - 7.15) = 125,000 / 1.85 = 67,567.6 which we round up to 67,568 units.

Now the company must sell at least 67,568 units to make a profit

C) If the company wants to increase its product price to a level where the break even point is 50,000 units, then the new price should be $9.65.

The contribution margin must be $2.5, so if the production costs are $7.15, we just add $2.5 to get $9.65 per unit.

3 0

3 years ago