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Afina-wow [57]
1 year ago
7

Dumphy and Funke are rival tattoo artists in the small town of Feline. There are no other tattoo artists in town. It costs $30 t

o produce a Tweety Bird tattoo. Assume for simplicity that fixed costs are zero and that Dumphy and Funke perform identical work. For a while, there was too much demand for Funke and Dumphy to handle and they both charged $200 for a tattoo. But recently, demand has dropped significantly and there is not enough work for both to fill their days at any price. However, there is some demand at all prices. What type of competition would Funke and Dumphy likely engage in after the decrease in demand
Business
1 answer:
Soloha48 [4]1 year ago
8 0

Answer: price competition

Explanation:

The type of competition would Funke and Dumphy likely engage in after the decrease in demand is price competition.

Price competition simply means when the companies in a particular industry lower their prices afsubst the prices of identical products in order to boost demand and sales.

Since there's a reduction in demand, Dumphy and Funke will engage in price competition to boost sales.

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Which of the following is a macro factor underlying the trend toward greater globalization?A. increase in diversity in consumer
Alex

Answer:

The correct answer is Option C (dramatic developments in information processing and other technologies)

Explanation:

Globalization caused by several factors, example are improved markets, transportation, policies and cultures, improved technology, can be explained as the process by which different parts of the world are connected due to the spread of ideas, people, technology, goods. Types of globalization are: Economic globalization, political globalization, and cultural globalization.

Factors underlying the trend toward greater globalization are micro level  (individual) and macro level (society). Macro factors include, barriers to distribution of good and services among countries, and technological change, which is very important as it greatly affects globalization.

Dramatic developments in information processing and other technologies makes it easier to communicate and share information in order to conduct business internationally, and do other greater things too.

5 0
2 years ago
One good thing about interviewing using video conferencing technology is that you do not have to worry about investing in profes
ICE Princess25 [194]

False because interviewing using video conferencing technology is either the person interviewing is not available or is out of country or state which are possible reasons why they would interview you using video conferencing technology. But, it's definitely not because to see if you are in professional clothing for the interview or not. Hope this clarify the everything.

<em>* Hopefully this helps:) !! Mark me the brainliest:)!!!</em>

<em>∞ 234483279c20 ∞</em>

6 0
2 years ago
Gisele emigrated from Mexico to the United States 2 years ago. She is feeling pressure to both maintain values from her native c
a_sh-v [17]

Answer:

The correct answer is letter "A": acculturative stress.

Explanation:

Acculturative stress refers to an emotional state in which individuals find it difficult to adapt to a new culture. The term is typically used while speaking about traumatic situation immigrants face such as illegal citizenship status, the fact of not speaking the language of the new culture or discrimination but it can also imply individuals simply not being comfortable in their new cultural environments.

6 0
2 years ago
Sunlight Design Corporation sells glass vases at a wholesale price of $4.50 per unit. The variable cost to manufacture is $1.75
guapka [62]

Answer:

D) 5182 glass vases

Explanation:

<em>Contribution per glass vases:</em>

$4.5 selling price - $ 1.75 variable cost= 2.75

<em>Operating income:</em>

29,000 units x $ 2.75 - $ 8,500 = $71,250 operating income

<em>Target income is to obtain a 20% increase:</em>

71,250 x (1 + 20%) = 85,500 target income:

<em>units needed for target income:</em>

(85,500 target income + 8,500 fixed cost) / 2.75 contribution per unit= 34.181,81

aditional glass vases needed for target income:

34,182 - 29,000 = 5,182

3 0
1 year ago
1. What recommendations would you make to Jim to help him improve the financial
Basile [38]

Answer:

Hello your question is incomplete below is the complete question

Jim Connor is the owner of Wave Riders, a surf shop located in West Palm Beach, Florida. Jim has just received his end of the year financial statements from his accountant. When he sees his gross and net income he is dismayed. With almost $250,000 in gross profit he just doesn’t understand why he is always short on cash to pay his employees and suppliers. One of his largest suppliers of surf boards notified him just last month that they would no longer extend him credit and he would have to pre-pay all of his orders. He puts a call into his accountant to set up a meeting with her to discuss the financial health of his business

Average inventory turnover ratio : Wave riders = 2.5 , Industry = 6.85 ( as calculated )

answer: The recommendations that should be made to Jim to help him improve the company's financial performance is, Jim should work on selling off his old inventories before ordering more

Explanation:

The recommendations that should be made to Jim to help him improve the company's financial performance is, Jim should work on selling off his old inventories before ordering more, this is because The Average inventory turnover ratio for Waveriders is lower than the Industry's Average inventory turnover ratio. and this is caused by inadequate inventory management  ( overstocking or low sales ) and this is affecting The financials of Waveriders

6 0
2 years ago
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