1.
The cause of a surplus is when quantity that are
produced are not equivalent with the demanded quantity and by this, there is
likely an effect of the supply or demand to be in excess, creating surplus.
2.
It can be quickly resolved if the quantity
produced is as equal with demand quantity.
3.
The determinants of inelastic demand are the
following;
<span>·
</span>Categories of product
<span>·
</span>Substitutes (few)
<span>·
</span>Less time given
<span>·
</span>Necessities
<span> </span>
The consumer price index (cpi) and the gdp deflator are designed to measure the degree to the cost of purchasing a bundle of goods has changed over time.
A customer is someone or a group who intends to order, or makes use of purchased goods, merchandise, or offerings basically for personal, social, own family, household and comparable desires, who is not at once related to entrepreneurial or enterprise activities.
A purchaser is the only who purchases the product for his/her own need and makes use of or consumes it. A patron can't resell the good, service or product however can eat it to earn his/her livelihood and self-employment. Definition of purchaser. The client is the one who is the stop-person of any items or services.
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Answer:
manufacturing organization
Explanation:
This is an example of a manufacturing organization. This is an organization that focuses on gathering all of the necessary ingredients, which are then placed in a specific process to which combines them to make a unique product. This product is then sold to other companies or individual customers to generate profit for the company. This is exactly what Black Diamond does in order to produce outdoor equipment.
Answer:
D. corporation.
Explanation:
Companies are usually incorporated by the issuance/sale of shares. Corporations are entities that are legally separate from the owners.
The owners' interest in such entities are usually in form of shares held.
A sole proprietor is the owner of a business and no shares are issued before the business commences.
Trade agreements are agreements between two or more parties for which the terms and conditions as well as the responsibilities of the parties involved are spelt out in the deed.
Mutual agencies do not require the ownership of shares of stock.
The right option is D. corporation.
Answer:
$2,134
Explanation:
Calculation of the amount of the Net sales revenue
First step
Since we were been told that Weston sold the merchandise with a cost of $1,257 for $2,200 with the terms of 3/15 this means we are going to find the 3% of $2,200 calculated as:
3%*$2,200=$66
Second step is to deduct the $66 from the cost of $2,200,in order to find the Net Sales Revenue of Weston Jewelers
Net Sales Revenue =$2,200-$66
Net Sales Revenue=$2,134
Therefore the Net Sales Revenue of Weston Jewelers will be $2,134
