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Flura [38]
2 years ago
14

Food Fanatics caters meals where their cost of producing an extra meal is $25. Each of their meals is standard and sells for $20

. At this rate what should the company do
Business
1 answer:
soldi70 [24.7K]2 years ago
5 0

Answer: b.Produce fewer meals and increase their profit

Explanation:

The profit maximising point for production is generally said to be the point where Marginal Revenue equals Marginal Cost. At this point, the company producing is maximising its resources and wasting nothing whilst getting the highest amount of profit they can.

If they produce at a point higher than this point then Marginal Cost will be be higher than Marginal Revenue which is not profitable. This is the situation with Food Fanatics. They are producing at a point higher than the profit maximising level because their Marginal Revenue of $20 is lower than their marginal cost of $25.

The remedy to this is to produce fewer meals to the point where Marginal Revenue equals Marginal Cost, thereby increasing their profit.  

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KFC in Japan altered the sweetness of its coleslaw to appeal to Japanese tastes. This is an example of which type of global mark
polet [3.4K]

Answer:

c.Product customization

Explanation:

What is Product customization?

Its a type  of strategy  that companies implement to attarct more customers. It usually implies the modification of designs, uses and/or characteristics of their items to satisfy the customer’s needs or desires.  

This policy has the benefit of giving the company the opportunity to stand out from the competitors by fine-tuning items and services. Therefore the company gains a bigger portion of market share

In this case, KFC, altered their global formula in order to gain more acceptance in the Japanese market

7 0
2 years ago
How does comparative biochemistry provide evidence for evolution?
Tcecarenko [31]
So Biochemists go and compare the life and cells and dna of different creatures. doing this they developed the explination of ansestors or common ancestors. for humans for an example, we have the common ancestor that the apes have but we didnt evolve from apes. 
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2 years ago
Which of the following terms refers to the study of how organizations function and how they affect and are affected by the envir
Alborosie

Answer:

d. Organizational environment

Explanation:

Indeed, organizational environmental studies how a particular organization is affected by it's operating environment, and how the organization functions under that environment.

Note also that the organizational environment is further divided into:

- the internal environment and

- the external environment

Put simply, the internal environment consist of factors that affect the organization from within; which are controllable. However, the external environment consist of factors such as political instability, etc that can affect the organization and beyond the control of the organization.

7 0
2 years ago
Amazon.com, Inc. is one of the largest Internet retailers in the world. Netflix, Inc. provides digital streaming and DVD rentals
Sever21 [200]

Answer:

Amazon 65.35 Days Netflix 253.03 Days

Explanation:  

5 0
2 years ago
Suppose that when the price of a 16 oz. to-go cup of gourmet coffee is $4.25, students purchase 750 cups per day. If the price d
elixir [45]

Answer:

d. We do not have enough information to answer this question

Explanation:

We could say that maybe if the price lowers by pure law of supply and demand the consumers will consume more cups of coffe but for a more complete answer we need the elasticity of demand of that good (coffe), to be able to know in what quantity a change in the price would affect the demand and to know if the relation between the price and the units buyed are positive or negativa.

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2 years ago
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