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Ipatiy [6.2K]
1 year ago
8

It’s important in business today for all firms to work to cut out the middleman. Intermediaries represent costs that can be save

d by finding ways to cut them out of the system. Down-channel buyers always benefit when this happens."" Do you agree with this statement? Why or why not? Be specific in arguing your point based on what you learned in this chapter.
Business
1 answer:
vivado [14]1 year ago
8 0

Answer:

Yes: Middlemen represents costs

No: Middlemen could have exclusive access to customers

No: Cutting out middlemen will lead to unemployment on the long run

Explanation:

Why it is true that cutting off middlemen could reduce business costs in the sense that they (middlemen) usually buy from manufacturers and charge additional costs before selling to final users, it should also be known that sometimes these middlemen bridge the gap between supply and demand by taking the products from where they are produced to where the customers are found.

A second consideration is that cutting off middlemen will as a result create unemployment for all those middlemen that will be cut off.

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Austin Company pays daily wages of $645 (Monday - Friday). Paydays are every other Friday. Prepare the Monday, January 31 adjust
lys-0071 [83]

Answer:

Explanation:

The adjusting entries are shown below:

1. Wages Expense A/c Dr $2,580 ($645 × 4 days)

         To Wages Payable A/c           $2,580

(Being wages are adjusted)

2. Depreciation expense A/c Dr $39,600

          To Accumulated depreciation        $39,600

(Being depreciation expense is adjusted)

3. Office supplies expense A/c Dr $3,120 ($3,755 - $635)

           To Office supplies A/c                        $3,120

(Being office supplies is adjusted)

4 0
1 year ago
Historians remind us that standardization of components -- of interchangeable parts -- was an innovation that did not occur unti
Lynna [10]

Answer:

The economic impact of standardization of components of interchangeable parts is <u>quality guarantee, productivity boost, and improved personnel performance.</u>

Explanation:

Standardization of components means that all the activities in your firm have an established, time-tested process to use.

Standardization is the process of developing, promoting and possibly mandating standards-based and compatible technologies and processes within a given industry. Standards for technologies can mandate the quality and consistency of technologies and ensure their compatibility, inter-operable and safety.

standardization of components of interchangeable parts was an innovation that did not occur until the very end of the 18th century and when it finally took off, gave rise to quality control and assurance.

6 0
1 year ago
Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increas
dlinn [17]

Answer:

A. Decrease net capital outflow

B. Increase in net exports

C. Decrease in net exports.

D. Increase net capital outflow.

Explanation:

A. When the Sony pension fund buys U.S treasury then there is a inflow of capital. Hence, this will decrease the net capital outflow.

B. The Sunkist oranges is purchased by the South Korean tourist from the american farmer will increase the exports of the U.S. Hence, there is an increase in the net exports.

C. When a Toyota is purchased by an American then this will increase the imports of United states and hence, there is a reduction in the net exports.

D. The shares of Sony are purchased by an american, so there is a outflow of capital and this will increase the net capital outflow.

7 0
1 year ago
When launching any technology product, a firm such as GoPro must create a balance between what is technically possible and wheth
guapka [62]

Answer:

Whether the technology provides benefits and responds to customers needs

Explanation:

Technological innovation can be defined as the introduction of new technical products and services or improving an existing ones.

One major reason for this is to address human needs and better serve individual . Therefore whenever any firm wants to launch any new product , it is important that it must create a balance between what is technically possible and whether the new technology provides benefits and responds to customers needs.

3 0
1 year ago
Which Act was enacted as a response to the rising level of unsecured consumer debt?
musickatia [10]
The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 or also known as the Credit CARD Act was passed on May 22, 2009. This act will make it easier for the consumers to settle their credit card liability balances. This is made as an answer to the increasing number of consumer debt.
7 0
2 years ago
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