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Elis [28]
2 years ago
13

Scenario:bond's gym has developed a reputation for great customer service and low monthly membership fees. Due to this reputatio

n, the gym has reached the maximum number of monthly memberships that can be sold, but it still has a large number of new customers who want to join. In this situation, bond's gym is experiencing . This means that there are applicants who want to join the gym.
Business
2 answers:
Paladinen [302]2 years ago
8 0

In this situation, Bond's Gym is experiencing excess demand , because it has reached the maximum number of monthly memberships that can be sold, but there are still a large number of new customers who want to join. The term Excess demand denotes situation in which there are too many  applicants who want to join the gym.Excess demand usually spurs the price higher.

Read more: http://www.businessdictionary.com/definition/excess-demand.html

zimovet [89]2 years ago
5 0

Answer:

In this situation, bond's gym is experiencing <u>EXCESS DEMAND</u>. This means that there are <u>TOO MANY</u> applicants who want to join the gym.

Explanation:

In this scenario, excess demand results from too many applicant wanting to join the gym, but the gym is not capable of satisfying that demand. Probably there are health and safety regulations that limit the number of members that the gym can take.

Excess demand is simply too many consumers and a limited supply. Generally excess demand would lead to higher prices in order to balance the supply and demand.

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tarbucks entered a partnership with Keurig Green Mountain to sell K-Cup single-serving coffee packs. Because Starbucks _________
kherson [118]

Answer:

E)

Explanation:

It was prepared for this because Starbucks tracked, as part of its ongoing environmental scanning activities, the percentage of households with single-cup brewers. The data that they managed to gather through this study allowed them to quickly determine that there was a large percentage of households with single-cup brewers and therefore the customer base was there. Having a large customer base would drastically increase their chances of obtaining massive profits by simply providing the necessary product to those households, which they plan to do with this partnership.

7 0
2 years ago
Shaniqua s restaurant utilizes a contribution margin pricing system. She would like the selling price of a new menu item she is
Setler79 [48]

Answer:

Her kitchen Staff can spend up to $3.00 on product cost.

Explanation:

Selling price= $10.00

Margin= $4.00

Labor costs = $10.00*30% = $3.00

Selling Price = Contribition margin + Labor costs + Product Cost.

Isolating Product cost from the equation:

Product cost = Selling price - (Contribution margin + Labor costs)

Product cost = $ 10.00 - ($4.00 + $3.00)

Product cost = $ 10.00 - $7.00

Product cost = $ 3.00

The max. amount that kitchen staff can spend on product cost is: $ 3.00

7 0
2 years ago
In the ABC partnership (to which Daniel seeks admittance), the capital balances of Albert, Bert, and Connell, who share income i
Anna [14]

Answer:

D. $ 250,000

Explanation:

The total capital of Albert, Bert and Conell is:

$500000 + $300000 + $200000 = $1000000

given that Daniel will have 20% share in partnership.

So total capital of the partnership after admission of Daniel will be calculated as follows:

($1000000×100)/80 = $ 1250000

Daniel will invest:

$1250000 – $1000000 = $250,000

7 0
2 years ago
The Food and Drug Administration is targeting salt in processed foods as a health hazard, and some experts believe the agency wi
____ [38]

Answer:

<u>d) objective research</u>

<u>Explanation:</u>

We need to note that mention was made that the research was "<em>Carefully controlled." </em>Been carefully controlled shows that the research has an objective.

Furthermore, measuring the reactions of consumers at different salt levels makes the research factual and thus a decision could be made from the findings.

8 0
2 years ago
If fixed costs are $850,000 and the unit contribution margin is $50, profit is zero when 15,000 units are sold.
Firlakuza [10]
B false
Hope this helps
6 0
2 years ago
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