Answer:
Salespersons will be motivated to sell more wake boards as they will create a higher commission per unit for them.
The company would rather see more skis sold as it creates the higher profit per unit for the company.
Explanation:
As from the company's perspective the sales of skies shall be more, as it offers higher revenue per unit, in form of higher contribution than that of boards per unit, the company estimates to sell more of these units.
Further, as the sales commission is based on the price of article sold, and boards have higher selling price,
As sales commission is to be earned by individual acting as agent will sell more units of boards to get higher commission.
To decide how much an insurance policy should cost a customer, underwriters use: Data analytics.
Data analytics can be defined as the systematic computational collection, modelling and analysis of raw data, in order to discover trends, patterns, and draw conclusions about the information that are contained in the data.
An insurance policy can be defined as a contractual agreement between an insurer and an insured (policyholder), in which the claims, terms and conditions binding on both parties are listed in details.
Thus, it is a contract in which an insurer indemnifies an insured (policyholder) against losses in the event of certain dangers or problems.
Underwriting refers to a process through which an insurer determines the risks of insuring a customer and establishing the required cost (price).
Basically, underwriters use data analytics to predict risk levels and determine how much an insurance policy should cost a particular customer. Some examples of the data used by underwriters are:
- Historical industry trends.
Read more: brainly.com/question/1790872
Answer:
Note: "<em>The full question is attached as picture below"</em>
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Required selling price for product = Total product cost / Product cost as a percentage of selling price
Note: <em>When the gross profit rate is 25%, this means that Product cost as a percentage of selling price is 75%</em>
Total cost assigned for product C = $1,396
Total cost assigned for product D = $3,158
<em>What would Oak have to charge the customer to achieve that gross profit?</em>
Charge to the customer for Product C:
= $1,396 / 0.75
= $1861.333333333333
= $1,861.33
Charge to the customer for Product D:
= $3,158 / 0.75
= $4210.666666666667
= $4,210.67
Answer:
The correct answer to this question is option C
Explanation:
Solution
Any difference curve will show all the combinations of goods that gives the consumer the same level of utility or same level of satisfaction.
For this, after the change Waldo will by more bananas and few apples
From the given question, The right answer here is option C
It is false that many state governments claim a shortage of funds because there are unmet needs. It is false because of scarcity. Scarcity is a result from unlimited wants coupled with limited resources.
