Advances in research and development in the pharmaceutical industry haveenabled manufac- turers to identify potential cures more quickly and therefore at lower cost. At the same time, the aging of our society has increased the demand for new drugs. Construct a supply and demand dia- gram of the market for pharmaceutical drugs.
Answers
Ageing raises demand while advances in R&D shift the supply curve to the right, creating an equilibrium with a larger quantity and lower price.
For pharmaceutical medications, the supply and demand diagram would display an upward-sloping supply curve and a downward-sloping demand curve. Research & development advancements would cause the supply curve to move to the right, reducing the cost of manufacturing pharmaceuticals and raising the amount provided at any given price.
The demand curve would be shifted to the right by the ageing population, increasing the quantity demanded at any given price. If there were no substantial market interventions or regulatory restrictions, the outcome would be a greater equilibrium quantity and a lower equilibrium price.
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Related Questions
Multinational Company: Samsung
Industry: Smartphone industry in Korea
1. Drawing on the Porter’s Diamond model, outline the competitiveness of the multinational company you chose and the industry where the company is doing business. Please indicate which initial factor was relatively more important and what is the current factor affected the competitiveness of the company and the industry? You will need to indicate data and source of this data to answer this sub-question.
Answers
Samsung is a multinational company operating in the smartphone industry in Korea. Samsung's competitiveness can be evaluated using Porter's Diamond model, which consists of firm strategy, structure, and rivalry, factor conditions, related and supporting industries, and demand conditions. Factor conditions such as a highly educated workforce, advanced infrastructure, and governmental support were the most significant factors, but now related and supporting industries, firm strategy, structure, and rivalry have a significant impact on Samsung's competitiveness.
The competitiveness of Samsung can be evaluated using Porter's Diamond model, which consists of the following elements: firm strategy, structure, and rivalry; factor conditions; related and supporting industries; and demand conditions. Initially, factor conditions such as a highly educated workforce, advanced infrastructure, and governmental support were the most significant factors that contributed to the competitiveness of Samsung. However, currently, the company's competitiveness is largely influenced by related and supporting industries and firm strategy, structure, and rivalry. Factors affecting Samsung's competitiveness: In the past, Samsung was significantly influenced by Korea's factor conditions, including infrastructure, education, and skilled workforce. The highly skilled workforce in Korea was a major contributor to Samsung's competitiveness, as the company relied heavily on technological innovations.
The company was also assisted by the South Korean government in the form of tax breaks and subsidies. According to Trading Economics, the unemployment rate in South Korea in 2021 was 3.8%, indicating that the country has a large pool of skilled labor. Currently, related and supporting industries, as well as the company's strategy, structure, and rivalry, have a significant impact on Samsung's competitiveness.
The company has expanded its product line to include televisions, refrigerators, and other household appliances, which are complementary products. This has resulted in a better supplier network and economies of scale, increasing competitiveness. Samsung has also implemented an efficient supply chain system to streamline production and reduce costs, resulting in a competitive advantage. According to Statista, Samsung held a 19.5% market share in the global smartphone market in 2020, indicating a highly competitive firm structure and rivalry.
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Which of the following is one way that land contributes to production?
A. Tools are created by humans to aid production.
B. Roads allow for the transportation of goods.
C. Ideas are needed to figure out how to use natural resources.
D. Energy from the environment fuels production.
Answers
You scheduled a meeting with your banker to discuss your findings. How will you fine-tune your product to incorporate your market research?
Answers
Answer:
5 Simple Steps to Fine-Tune Your Digital Marketing Planwww.convinceandconvert.com › digital-marketing › fi...
Were results good, targets met, and goals achieved? Or did your plan totally miss the mark? If you don't review what you did, how will you know what worked
Explanation:
Which has had the greatest impact on global price transparency?
Answers
Over the past few decades, several factors have contributed to the increased global price transparency that we see today. One of the biggest drivers of this trend has been the rise of the Internet and e-commerce.
With the proliferation of online marketplaces and price comparison sites, consumers now have easy access to information about prices for a wide range of goods and services across different regions of the world.
This has helped to drive down prices in many sectors, as companies are forced to compete more aggressively on price in order to win business.
Another key factor that has contributed to increased price transparency is the growth of globalization.
As companies have expanded their operations across borders, they have become more exposed to different market conditions and pricing pressures.
This has made it more difficult for firms to maintain high prices in different regions of the world, as customers can easily compare prices and make informed decisions about where to buy products.
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Which of the following is an example of a company that primarily provides a service
Answers
Answer:
Explanation:
chain retailers' distributors, selling to organizations.
The dining room at the Roadrock Inn is extremely popular. Terry Ray, the food and beverage director, is pleased to see that his revenue is higher than last year. Of course, expenses are higher also. Express Terry’s expenses and profit as a percentage of total revenue, both this year and last year (fill in all empty blanks).This Year % Last Year %Revenue $ 963,971 100.0% 875,421F&B expense 367,069 347,168Labor expense 338,090 316,151Other expenses 147,896 142,068 Total expenses Profit Last Year How is Terry doing in managing his expenses this year compared to last year? How do changes in revenue affect his performance?
Answers
Terry is doing better in managing his expenses this year compared to last year, as his total expenses are lower and his profit is higher.
Changes in revenue will directly affect Terry's performance, as higher revenues result in higher profits and lower expenses as a percentage of total revenue.
Terry Ray's expenses and profit as a percentage of total revenue this year and last year are:
This Year:
Revenue: 100.0%
F&B Expense: 38.0%
Labor Expense: 35.1%
Other Expenses: 15.3%
Total Expenses: 89.3%
Profit: 10.7%
Last Year:
Revenue: 100.0%
F&B Expense: 39.7%
Labor Expense: 36.1%
Other Expenses: 16.2%
Total Expenses: 92.0%
Profit: 8.0%
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Identify the tasks performed by workers in a Production career? Choose all that apply. cleaning and maithaining equipment and tools. managing budgets and costs. feeding materials into machines, and removing materials from machines. researching and comparing prices of products and services. checking and testing products or parts. designing and enforcing safety procedures to the environment.
Answers
Answer:
A. cleaning and maintaining equipment and tools, C. feeding materials into machines, and removing materials from machines, E. checking and testing products or parts
Explanation:
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The task that is performed by the worker in the production department is cleaning and maintaining equipment and tools, feeding material into machines, removing materials from machines and checking and testing products or parts.
What is the production career?Production personnel, in particular, are in charge of creating the final products. The labor of the production uses different types of equipment and parts of the machinery to allocate them in a systematic way. Others may work on a conveyor belt line, where each employee is responsible for their duty.
Thus, maintaining equipment, feeding materials to machinery and testing and checking parts are the right option
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suppose that a small-town theater has six potential customers and is looking to implement price discrimination depending on when customers want to attend. suppose the marginal cost of serving an additional customer is $1.50. the data provide information about the time of attendance and willingness to pay for a ticket.
Answers
Based on the information that can be gotten from the question, the price that should be charged by the theater for the matinee ticket will be $7.
From the complete information, when the price is $4 and the 3 customers enjoy the movie, the profit will be:
= ($4 - $1.5) × 3
= $2.5 × 3
= $7.5
Now, let's assume that the price charged is $7 and 2 customers enjoy the movie, the profit will be:
= ($7 - $1.5) × 2
= $5.5 × 2
= $12
Now, when the price is $12 and only 1 customer enjoyed the movie, the profit will be:
= ($12 - $1.5) × 1
= $10.5
It can be depicted that the profit of the theater will be at maximum when the price that is charged is $7.
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Brainard Corporation's budgeted sales for the upcoming quarter are $400,000. Its supporting budgets and schedules show a beginning finished goods inventory of $15,000, budgeted cost of goods manufactured of $185,000, and a projected ending finished goods inventory of $25,000. Its selling and administrative budget projects expenses of $148,000, its budgeted interest expense is $7,000, and its tax rate averages 40%. 1. The company's budgeted gross profit for the upcoming quarter is $ . 2. The company's budgeted income before taxes for the upcoming quarter is $ . 3. The company's budgeted income taxes for the upcoming quarter are $ . 4. The company's budgeted net income for the upcoming quarter is $ .
Answers
Answer:
Brainard Corporation
1. The company's budgeted gross profit for the upcoming quarter is $225,000.
2. The company's budgeted income before taxes for the upcoming quarter is $70,000.
3. The company's budgeted income taxes for the upcoming quarter are $28,000.
4. The company's budgeted net income for the upcoming quarter is $42,000.
Explanation:
a) Data and Calculations:
Budgeted Income Statement for the quarter:
Budgeted sales $400,000
Cost of goods sold:
Beginning inventory $15,000
Cost of goods manufactured 185,000
Cost of goods available $200,000
less Ending inventory 25,000 175,000
Gross profit $225,000
Selling and administrative $148,000
Interest expense 7,000 155,000
Income before tax $70,000
Income taxes (40%) 28,000
Net income $42,000
You see Paul dealing with Susan, an upset employee from another department. Susan is complaining about something that your department was supposed to do but didn't. You are in a back room and have not been seen by Susan. Paul is obviously frustrated and unable to deal with Susan effectively. You should:
a. Walk up to the pair and attempt to change the conversation.
b. Introduce yourself to Susan and offer your assistance.
c. Ask your supervisor to offer some interpersonal skills training to Paul.
d. Tell Paul that Susan is needed by the supervisor to end the situation.
Answers
What is Fitt principle and how it is important in exercise program?
Answers
Fitt principle is defined as one way to remember the simple guidance for what should be included in a fitness plan is to write them down. It is important to remember that each family member's fitness goals will differ depending on age, gender, current fitness level, and available.
What is Fitt principle?It is the one way to remember the general guidelines for what should be included in a fitness plan is to use the acronym FITT (frequency, intensity, time, and type).
Therefore, the Fitt principle is critical to remember that each family member's fitness goals will vary depending on gender, age, current fitness level, and available time.
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supporters of globalization believe that tougher environmental regulations and stricter labor standards are a natural aspect of economic progress.
Answers
True, Stronger environmental laws and higher labor standards, according to proponents of globalization, are a necessary part of economic development.
How does globalization affect environmental standards?Globalization has some advantages, but it has also had negative consequences on the environment (Xia et al., 2022). Globalization has facilitated deforestation and massive consumption of non-renewable fossil fuels and natural resources. Trade, especially import and export, is given a lot of attention by globalization.
How has globalization affected the state of the economy today?Globalization results in a general decline in production costs. It would seem that businesses may charge less for their products. A significant factor in improving quality of life is the average cost of commodities. The range of products available to consumers has likewise increased.
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what two outcomes would be considered part of the feedback loop in the communication process? multiple select question. a retailer attributes an increase in sales to its purchase of advertising in sunday's paper. a manufacturer customizes its message for consumers using direct marketing. a consumer purchases a used car as a result of the interaction with a salesperson. a firm issues a press release about an upcoming charity event it is sponsoring.
Answers
A retailer attributes an increase in sales to its purchase of advertising in Sunday's paper and A consumer purchases a used car as a result of the interaction with a salesperson are the part of the feedback loop.
A feedback loop is a component of a system where some (or all) of the output is used as input for subsequent operations. There are at least four stages in each feedback loop. Input is produced in the first stage. The second stage involves capturing and storing input. The third stage involves the analysis of the input, and the fourth stage involves the use of the analysis's conclusions to make decisions.
Loops in feedback can be positive or negative. Negative feedback loops are useful for maintaining an ideal state within predetermined bounds and are self-regulating. A classic illustration of a self-regulating negative feedback loop is an outdated home thermostat that uses bang bang control to turn on or off a furnace.
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When is exponential smoothing equivalent to the "naive" approach to forecasting?
Note: Exponential Smoothing Formula: Ft+1 = alpha x At + (1-alpha) x Ft
a. when alpha = 1
b. when alpha = 0
c. When next month's forecast equals this month's forecast
d. when alpha = 0.5
e. When the smoothing constant is chosen randomly
Answers
The exponential smoothing is equivalent to the "naive" approach to forecasting? a. when alpha = 1
How to explain the informationThe "naive" approach to forecasting simply assumes that the future value will be the same as the most recent observed value. This means that the forecast for the next period is equal to the value observed in the current period.
On the other hand, exponential smoothing calculates forecasts by assigning different weights to past observations. The formula you mentioned is one of the variations of exponential smoothing known as the simple exponential smoothing method. It assigns a weight (alpha) to the most recent observation and combines it with the previous forecast value.
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What are the three primary activities in the BI processes?
Answers
The three primary activities in the BI processes are data collection, data analysis, and data visualization. Data collection is the process of gathering and organizing raw data from various sources.
This includes data from internal sources such as transactional systems, customer relationship management systems, and other business applications. It can also include external sources such as public databases, market research, and survey results.
Data analysis is the process of analyzing the collected data to identify patterns, trends, and correlations. This helps the organization to better understand the data and make informed decisions. Finally, data visualization is the process of using graphical representations of the data to make it easier to comprehend and analyze.
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The benefits and services employees receive in exchange for their work are called: Multiple Choice pay level. pay.
Answers
The benefits and services employees receive in exchange for their work are called: Multiple Choice pay level. The benefits and services employees receive in exchange for their work are called "compensation."
Compensation refers to the total package of benefits and services that an employee receives from their employer in addition to their salary or wages. This can include health insurance, retirement plans, paid time off, bonuses, and other perks. Compensation is an important part of the employment agreement between the employer and employee and helps attract and retain talent. The benefits and services employees receive in exchange for their work are called "compensation." Compensation is a comprehensive term that encompasses various elements beyond just the salary or wages paid to an employee. It includes both monetary and non-monetary rewards provided by an employer.
Monetary benefits can include base salary, bonuses, profit-sharing, and commission payments. These are typically directly tied to the employee's performance or the company's performance. Non-monetary benefits, on the other hand, refer to perks and services that enhance an employee's overall work experience. Examples of non-monetary benefits include health insurance, retirement plans, paid time off, flexible work arrangements, employee assistance programs, and other fringe benefits. The purpose of providing compensation is to attract and retain qualified employees, motivate them to perform well, and ensure their overall well-being. Employers use compensation packages as a way to compete in the job market and differentiate themselves from other employers.
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Gordon Industries has 6 percent coupon bonds outstanding with a face value of $1,000 and a market price of $959.21. The bonds pay interest annually and have a yield to maturity of 6.5 percent. How many years will it be until these bonds mature? a. 6.0 years
Answers
At the current interest rate of 6.5%, the bonds will mature in 12 years.
CALCULATIONS:
RATE= 6.5%
PMT= 1000$*6% = 60$
PV= 959.21$
FV= 1000$
NO. OF YEARS TO MATURE= NPER(rate, pmt, -pv,fv,0)
=NPER(6.5%,60$,-959.21$,1000$,0)
=12 YEARS
A coupon bond, also known as a bearer bond or bond coupon, is a debt obligation that includes semiannual interest coupons. The issuer keeps no record of coupon bond purchasers, and the purchaser's name is not printed on any kind of certificate. Between the time the bond is issued and the time it matures, bondholders receive these coupons.
Coupons are typically described in terms of the coupon rate, which is the yield paid on the date of issuance by a coupon bond. The interest rate on the coupon is subject to change. The coupon rate is calculated by adding all of the annual coupons and dividing the total by the bond's face value.
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Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.
Answers
Answer:
did you finish it cuase i got the same one
Explanation:
Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.
What do you mean by Negative publicity?When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.
Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.
In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.
Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.
Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.
Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.
Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.
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In three or four sentences, describe the differences and similarities you notice between the two insurance quotes.
1.) "Expect the best, but be prepared for the worst."
2.)live in the moment before the moment dissapears
Answers
The first quote emphasizes the importance of optimism while acknowledging the need for preparedness in uncertain situations, suggesting a cautious approach to managing risks. On the other hand, the second quote encourages living in the present moment, appreciating its fleeting nature.
The two statements seem to be unrelated to insurance quotes. Both quotes share a common theme of acknowledging the unpredictable nature of life and the importance of being mentally present, but they approach it from different perspectives.
While the first quote focuses on anticipating and planning for potential negative outcomes, the second quote emphasizes the value of cherishing the present without dwelling on the past or worrying about the future.
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Any two feature of business
Answers
Answer:
buying and selling ,profit motive
difference between associative and commutative property
Answers
Answer:
The associative property of addition states that you can group the addends in different ways without changing the outcome. The commutative property of addition states that you can reorder the addends without changing the outcome.
Explanation:
Part II: Elastic or Inelastic?
Instructions: Determine whether the demand for the following items is price clastic or inelastic,
Write your answer on the line after the item. Then write the reasons for your answer.
A. Salt
Why?
B. New cars
Why?
C. Pork chops
Why?
D. European vacation
Why?
E. Insulin
Why?
F. Insulin at one of four drug
stores in a shopping mall
Why?
G. Gasoline purchased one day
after a 20 percent price increase
Why?
I
HL Gasoline purchased one year
after a 20 percent price increase
Why?
Answers
a. The demand for salt is price inelastic. This is because salt is considered a necessity in making meals.
b. The demand for new cars is price elastic. This is because there are many substitutes for new cars. For example, the bus is a substitute for a new car.
c. The demand for pork chops is price elastic. This is because there are many other types of foods that can be consumed instead of pork chops.
d. The demand for European vacation is price elastic. This is because vacations are not a necessity; they are a luxury.
e. The demand for Insulin is price inelastic. This is because insulin is very important to a diabetic patient
f. The demand for Insulin at one of four drug stores in a shopping mall is price inelastic. This is because consumers have choices between the four drug stores in the mall
g. The demand for gasoline purchased one day after a 20 percent price increase is price inelastic. This is because in the short run, consumers do not have enough time to search for suitable substitutes, so demand would be inelastic
h. The demand for gasoline purchased one year after a 20 percent price increase is price elastic. This is because in the long run, consumers would have enough time to find suitable substitutes.
Demand is price elastic if the quantity demanded of a good is sensitive to small changes in the price of the good
Demand is considered inelastic if the quantity demanded of a good is less sensitive to changes in the price of a good.
Factors that affect the price elasticity of demand
Time frame: demand is inelastic in the short run because consumers would not have enough time to find cheaper substitutes. In the long run, demand is elastic because consumers would have enough time to search for substitutes. Number of close substitutes : If there are many substitutes for a good, the demand for the good would be elastic. If there are no close substitutes, the demand for the good would be inelastic Nature of the good: if the good is considered a necessity, the demand for the good would be inelastic and if the good is considered a luxury, the demand for the good would be inelastic.To learn more about elasticity of demand, please check: https://brainly.com/question/14897348?referrer=searchResults
FILL IN THE BLANK.buying and selling of long-term assets such as land and equipment would be included in the ____ (operating/investing/financing) activities section of the statement of cash flows.
Answers
Purchases and sales of long-term assets such as land and equipment are included in the investing activity section of the statement of cash flows Investing activity in accounting refers to the purchase and sale of non-current assets and other business investments within a specified reporting period.
A company's reported investment activity reflects the total investment gains and losses incurred over a period of time .Investing cash flow is the section of the cash flow statement that shows cash generated or spent in connection with investing activities. Investing activities include purchasing real estate, investing in securities, or selling securities or assets. Negative cash flow from investing activities may not be a bad sign if management is investing in the long-term health of the company.
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I WILL MARK BRAINLEIST WHOEVER ANSWERS FIRST!!
How can I see my answers on edmentum?after a test to see which ones i got wrong
Answers
Answer:
That setting isn't available on edmentum. You can't how you performed on each question, but you can see your final score and the number of questions you got correct and missed.
That would definitely be a great feature if they added it.
Explanation:
Answer:
Yea I tried to but sadly they don't have that as an option
Explanation:
what was the major accomplishment of idea and other federal laws with respect to transition?
Answers
The major accomplishment of IDEA and other federal laws with respect to transition is to ensure that students with disabilities receive the necessary supports and services to transition successfully from school to post-school activities.
The Individuals with Disabilities Education Act (IDEA) and other federal laws such as the Rehabilitation Act and the Americans with Disabilities Act (ADA) were designed to ensure that students with disabilities receive the necessary supports and services to transition successfully from school to post-school activities. These laws mandate the development of Individualized Education Programs (IEPs) that include transition goals and services, such as vocational rehabilitation services, job training, and independent living skills training. The goal is to help students with disabilities achieve their post-school goals, such as employment, further education, and independent living. The laws also provide protections against discrimination and ensure equal access to programs and services. Overall, the major accomplishment of IDEA and other federal laws with respect to transition is to help students with disabilities achieve successful outcomes and become independent, productive members of society.
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1.If you are a marketing major, how will understanding inventory data help your career?
3. If you are a finance major, how will analyzing employee data help your career?
Answers
1. Understanding inventory data helps marketing majors optimize product availability, forecast demand, and align marketing strategies with inventory levels.
2. Analyzing employee data aids finance majors in cost management, performance evaluation, resource allocation, and compliance with labor regulations.
As a marketing major, understanding inventory data can be highly beneficial for your career in several ways.
Demand forecasting: By analyzing inventory data, you can identify patterns and trends in product demand. This knowledge allows you to anticipate customer needs and adjust marketing strategies accordingly, ensuring sufficient inventory levels to meet demand.Optimal product assortment: Inventory data helps you identify top-selling products, slow-moving items, and stockouts. This information enables you to optimize your product assortment by focusing on popular items and making data-driven decisions about inventory replenishment and product discontinuation.Effective marketing campaigns: With inventory data, you can align marketing campaigns with inventory availability. By promoting products with high stock levels, you can maximize sales and avoid disappointing customers due to unavailability.Cost management: Understanding inventory data helps you avoid excessive inventory holding costs or stockouts that result in missed sales opportunities. By optimizing inventory levels, you can contribute to cost savings and improved profitability.Overall, a solid understanding of inventory data empowers marketing professionals to make data-driven decisions, enhance customer satisfaction, streamline operations, and contribute to the overall success of the business.
Analyzing employee data as a finance major can significantly contribute to your career growth in the following ways:
By leveraging employee data, finance professionals can provide valuable insights for strategic decision-making, optimize resource allocation, manage costs, and contribute to the overall success of the organization.
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please help me answer these questions
Answers
Answer: See explanation
Explanation:
1. Inelastic demand occurs when a change in price doesn't really have an effect on the quantity of the goods demanded. Examples of products with inelastic demand are salt and prescription drugs.
2. Elasticity for demand helps in the determination of the prices of factors of production. It is also vital in knowing how price changes will affect the revenue of the firm.
3. Normal goods are the goods that when income increases, the demand for them increases as well e.g. household appliances
For inferior goods, when Income increases, their quantity demand reduces. These are common with extremely cheap products.
outline two benefits to Mohammed's business of all his workers being able to do all of the jobs in the bakery. pls help!
Answers
Answer:
1. Saved time
2. Saved cost
Explanation:
If Mohammed owns a bakery where all his workers are able to do all the jobs, he benefits because he would;
1. Save time: Time that would have been spent in outsourcing the job to people who can do them with the accompanying risks of delays and disappointments are bypassed. Time is an essential factor in business because when goods are not available on customer's demand, they might have to seek other options.
2. Save cost: Mohammed will save the additional cost of payments to businesses that do other jobs for him. He saves money when he only has to pay three workers instead of four or more workers. This will mean more profit for his business.
Explain why the credit industry wants you to believe that you need a credit score
Answers
Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Let understand that Credit score refers the score which tells about a consumer's creditworthiness.
In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.
The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.
Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.
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Go See Darkfur and make sure to give him some appreciation! He Definitely deserves it!
Answers
Answer:
Will do !
Explanation:
Only cause u asked nicely ;3
Hope have a wonderful day !
Sleepy~