All categories

1 year ago

when rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of:

Business

1 answer:

Kryger [21]1 year ago

5 0

Answer:

Slow industry growth

Explanation:

Slow industry growth is the growth that shows the industry at a slow rate or no growth is there.

It could arise when the consumer does not opt for a high demand

In the given situation, it is mentioned that when competitive firms aggressively trying to attract the customers of competitors so this is an indication of the slow economic growth and hence, the same is to be considered

You might be interested in

What happens to the price and quantity of dog treats if the demand for dog treats increases and the supply of dog treats increas

kumpel [21]

Answer:

Demand Increase = Supply Increase : No change in price, quantity increases

Demand Increase > Supply Increase: Price increase, quantity increase

Demand Increase < Supply Increase : Price decrease, quantity increase

Explanation:

Markets are at equilibrium where market demand = market supply. And, upward sloping supply curve intersects with downward sloping demand curve.

If both demand & supply of dog treats increase, the effect on change in price & quantity will depend on their relative magnitude

If increase in demand = Increase in Supply : Both the curves shift equivalently rightwards. At new equilibrium - there is no change in price, as demand increase is fulfilled by supply increase. The equilibrium quantity increases
If increase in demand > Increase in Supply : Demand curve shifts more rightwards than supply curve. This creates excess demand & competition among buyers increase the new equilibrium price. The equilibrium quantity also increases.
If increase in demand < Increase in Supply : Supply curve shifts more rightwards than demand curve. This creates excess supply & competition among sellers reduce the new equilibrium price. The new equilibrium quantity increases.

7 0

1 year ago

Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manuf

xenn [34]

Answer:

Option A net worth -215,906.03

Option B net worth -210, 159.75

It is a better deal to use the machine through lease than purchase it as the net worth is lower.

Explanation:

Purchase the machine:

-164,000 purchase cost

PV of the maintenance cost

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C -9,000.00

time 10

rate 0.08

$-9000 \times \frac{1-(1+0.08)^{-10} }{0.08} = PV\\$

PV -$60,390.7326

PV of the salvage value

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 14,000.00

time 10.00

rate 0.08000

$\frac{14000}{(1 + 0.08)^{10} } = PV$

PV 6,484.7088

<em>net worth: </em>

-162,000 - 60,390.73 + 6,484.70 = -215,906.03

PV of the lease: (annuity-due)

$C \times \frac{1-(1+r)^{-time} }{rate} (1+rate)= PV\\$

C 29,000.00

time 10

rate 0.08

$29000 \times \frac{1-(1+0.08)^{-10} }{0.08} (1+0.08) = PV\\$

PV $210,159.7494

6 0

2 years ago

Spokes Bikes has 18 different bicycle models that can be created in over 2 million combinations. Each combination is designed to

vampirchik [111]

Answer:

Correct option is (C)

Explanation:

Mass customization refers to manufacturing products suited for individual needs and preferences at the same time producing huge amount of products at low cost offering value to customers.

Customers are allowed to make modifications as per their requirements in the basic model offered by the organization. So customer is free to pick the color, design and model of their choice.

Spokes bikes is therefore using mass customization.

3 0

1 year ago

At an activity level of 8700 machine-hours in a month, Falks Corporation's total variable production engineering cost is $728,19

Jobisdone [24]

Answer:

$109.80 per unit

Explanation:

For we to be able to calculate the or solve the problem, we are to use the following method

Firstly

Variable cost per unit = $728,190 ÷ 8,700 units

Variable cost per unit = $83.70 per unit

Secondly

Fixed cost per unit at 8,900 units = $232,290 ÷ 8,900 units

Fixed cost per unit = $26.10 per unit

Lastly

Total cost = Variable cost + Fixed cost

Which we have as;

Total cost = $83.70 per unit + $26.10 per unit

Total cost = $109.80 per unit

5 0

1 year ago

Read 2 more answers

2. Which of the following headlines is more closely related to what microeconomists study than to what macroeconomists study?

Novosadov [1.4K]

Answer: The answer is D. The price of gasoline rises due to rising oil prices

Explanation: microeconomist study is based on the interaction of individuals or firms in an economy, rather than aggregate economic factors that affect a nation as a whole. Examples are inflation rate, unemployment rates, Per capital income, GDP etc

4 0

1 year ago