Why does anyone decide to produce or sell something?

Answers

Answer 1
Make Profit and be successful

Related Questions

List there type of insurance

Answers

Life insurance
Business insurance
Health insurance
Homeowners insurance
Travel insurance
Pet insurance
Renters insurance
Car insurance
Property insurance
Personal insurance
Fire insurance
Liability insurance

Why are laws and regulations important for employers to follow?

Answers

Laws and regulations are important for employees to follow due to the fact that they help to establish what is right and what should be avoided.

What are laws and regulations?

These are the laid down guidelines that are to be followed ion the workplace.

Following the rules can be very crucial in a workplace. They help to establish a fair working place between the employers of labor and the workers.

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Certified management accounts vs certified public accountants

Answers

Explanation:

Difference Between CPA and CMA. ... read more (CMA). Both function as accountants but with a difference in approach. A CPA certified person generally works in tax and auditing, while a CMA certified person works as a management accountant responsible for the cost and financial analysis.

What are all points on the PPF called?​

Answers

Answer:

Production Possibility Frontier (PPF or PPC)

All points inside PPF are inefficient points. These points are attainable (e.g., point U), but they are not using the resources at the fullest.

Fenton Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies have agreed to draft the business contract in the Leone Republic. Since the contract will be drafted under a common law framework, it will be: ________

Answers

Since the contract will be drafted under a common law framework, it will be based on tradition, precedent, and custom.

What is a common law contract?

Contracts drafted under a common law system give judges the opportunity to interpret disputes using the prevailing situations.  A common law system adjudicates cases based on judicial precedent.  Judicial precedents are established through case law.

Thus, common law contract cases will be based on tradition, precedent, and custom.

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employee unions represent workers who serve the government.

Answers

Answer: Public employee unions

Explanation:

A public-sector trade union (or public-sector labor union) is a trade union which primarily represents the interests of employees within public sector or governmental organizations.

Who are the main participants in a business?

Answers

Answer:

its owners, employees, and customers

difference between business idea and opportunity​

Answers

Answer:

A business idea is a concept that could be used to make money, and an opportunity has proven commercial value. The difference between an idea and an opportunity is crucial to avoid wasting significant time and money.

Explanation:

Answer:

a business is a technique and opportunity is the time

What is a list of a business employees and how they are to be compensation

Answers

Answer:

1. Base pay package

A base pay package is a standard amount of money an employee receives in exchange for working a set number of hours (typically 40 hours per week). Employees who receive a base pay package are paid an hourly wage or a salary. Although most employees work for base pay, whether they are salaried or hourly employees depends on their role. "An employee working on a project or with defined tasks will usually prefer a base salary package," Jeremy Jarry, CEO of stock-option consultancy B3GIN, told business.com. "Hourly-type packages are often for entry-level positions or low-paying jobs."

2. Commission package

A commission package is compensation given based on employee performance. Some commission packages include a low base-pay salary and high commissions, whereas others offer only commissions. A commission package incentivizes employees to perform well, since their paycheck is tied to their performance. "Often, these compensation packages are given to individuals working in sales," Jarry said. "They will receive a percentage on the turnover they generate or a flat dollar amount if they hit a sales target."  

3. Equity package

Equity packages are typically offered to employees in leadership positions or for hard-to-recruit profiles. However, Jarry said giving every employee access to stock options can create a culture of sharing and inclusion, as well as align the interests of investors, founders, and employees. "Equity will vary by organization and may be used as a larger component if cash is tight (e.g., at a startup) and as a method to incentivize employee retention," Roy said.

4. Benefits package

includes additional perks that workers receive on top of their base wages. There are a few employee benefits you are legally required to offer, including family and medical leave, health insurance (for companies with 50 or more full-time employees), FICA (Social Security, Medicare, and federal insurance contributions), unemployment insurance, and workers compensation

5. Bonuses

Bonuses are often tied to the performance of the employee, their team or the company. Although you can offer bonuses to employees of any level, many employers give bonuses to employees in leadership roles.

I really hope this helps :)

A firm has a return on equity of 20 percent. The total asset turnover is 2.8 and the profit margin is 7 percent. The total equity is $6,000. What is the net income

Answers

The net income of the firm is $1,200

What is net income?

Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes.

Net profit is also amount of money a business earns after deducting all operating, interest, and tax expenses over a given period of time.

First, we know that:

Return on equity

= Net income / Total equity

Fixing the given values, we'll have

20% = Net income / $6,000

Net income = $6,000 * 20%

Net income = $1,200

Therefore, net income of the firm is $1,200

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What is the difference between Startup investment and Startup expenditure?

Answers

Operating costs are the expenses a business incurs in its normal day-to-day operations. Startup costs, on the other hand, are expenses a startup must pay as part of the process of starting its new business.

Julie is 25 years old and living in an apartment. She is thinking about quitting her job and returning
to college. Consider the following costs: tuition, the cost of books and supplies and rent.
Rent is

A. not a cost associated with college
B. an explicit cost of attending college
C. an implicit cost of attending college

Answers

Answer:

Explanation:

Julie is 25 years old and living in an apartment. She is thinking about quitting her job and returning

to college. Consider the following costs: tuition, the cost of books and supplies and rent.

Rent is

A. not a cost associated with college

B. an explicit cost of attending college

C. an implicit cost of attending college

Rent, in Julie's situation, is categorized as an implicit cost of attending college. It represents the opportunity cost of using the money spent on rent for other potential uses, such as education-related expenses or foregone job opportunities.

Rent is considered an implicit cost of attending college in this scenario. Implicit costs are the opportunity costs associated with using a resource for a particular purpose, rather than its next best alternative use. In Julie's case, the rent she pays for her apartment would be an implicit cost if she decides to quit her job and return to college.

This is because the money she spends on rent could have been used for other purposes, such as paying for tuition, books, and supplies, or forgoing the job opportunity she is giving up by leaving her job.

Hence, The correct answer is C. an implicit cost of attending college.

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What happens when supply exceeds demand?

A.
prices decrease
B.
prices increase
C.
prices remain stable

Answers

A. The prices will decrease

What the Business ethics
About USA

Answers

Answer:

General professional conduct, social values, anti-discrimination, fair labor standards, financial responsibility and honest marketing.


In the first seven months of 2015, the percentage of all e-mail that is spam averaged
around?

Answers

Answer:

55%?

Explanation:

Im not sure, i did some research on it and most of it was saying 50-70 percentage

When you purchase a new car, what kind of tax will you usually pay?

A. Property tax
B. Payroll tax
C. Sales tax
D. Income tax

Answers

C. Sales tax

Explain

When buying a car you have to pay state sales taxes which is a range of 3 to 8 percent

When you purchase a new car, what kind of tax will you usually pay is: C. Sales tax.

What is sales tax?

Sales tax can be defined as the tax amount that is included in the selling price or cost price of the goods you purchase by the seller.

When you purchase a product ,the  type  of tax will you usually pay is called Sales tax.

This sales tax  is often calculated as a percentage after purchasing a product at the point of purchase.

Inconclusion When you purchase a new car, what kind of tax will you usually pay is: C. Sales tax.

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Explain the following labour turnover?​

Answers

Explanation:

labour turnover is equal to the number of employees leaving,divided by the average total number of employees

The presence of price floors in a market is usually an indication that: the forces of supply and demand are unable to establish an equilibrium price. policymakers believe the price floor does not involve inequities. there is an insufficient quantity of a good or service being produced. the sellers of the good or service outnumber the buyers.

Answers

When there is a price floor in the market, this usually means that  the sellers of the good or service outnumber the buyers.

What is a price floor?It refers to an amount that the price of a good is not allowed to fall below. It is imposed by the government to prevent market failure.

The reason the price might fall so low that a price floor would be implemented is that there are more suppliers in the market than consumers. The price will therefore fall according to the Law of Demand.

In conclusion, option D is correct.

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1. What is the name of the man behind black history month?

I need a answers plz

Answers

Answer:

Carter G. Woodson

Explanation:

Woodson. Carter G. Woodson was a scholar whose dedication to celebrating the historic contributions of Black people led to the establishment of Black History Month, marked every February since 1976.

Data was collected on salaries of compliance specialists in corporate accounting firms. The salaries ranged from

Answers

Based on the collected data on salaries of compliance specialists in corporate accounting firms. The salaries ranged from 69,000 to 369,000.

How much can one make as Compliance Specialist?

As a Compliance Specialist salary, the amount that can be made varies from country to another, but in U.S it us possible to make $60,491 per year, or $29.08 per hour.

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2.Marcelle’s Boutiques, which is located in Iowa City, Iowa, has identified the following items for possible inclusion in its December 31, 2005 year-end inventory. a)Merchandise Marcelle’s shipped to a customer FOB shipping point was picked up by the freight company on December 26, 2005, but had still not arrived at its destination as of December 31, 2005. b)Marcelle’s has in its warehouse $30,500 of merchandise on consignment from Putnam Co. c)Marcelle’s has segregated $6,570 of merchandise ordered by one of its customers for shipment on January 3, 2006. d)Merchandise Marcelle’s shipped FOB shipping point on December 31, 2005, was picked up by the freight company at 11:52 p.m. e)Marcelle’s has sent $78,000 of merchandise to various retailers on a consignment basis. f)Marcelle’s has $18,750 of merchandise on hand, which was sold to customers earlier in the year, but which has been returned by customers to Marcelle’s for various warranty repairs. g)On December 31, 2005, Marcelle’s received $17,050 of merchandise that had been returned by customers because the wrong merchandise had been shipped. The replacement order is to be shipped overnight on January 3, 2006. h)On December 21, 2005, Marcelle’s ordered $21,000 of merchandise, FOB Iowa City. The merchandise was shipped from the supplier on December 28, 2005, but had not been received by December 31, 2005. i)On December 27, 2005, Marcelle’s ordered $15,750 of merchandise from a supplier in Davenport. The merchandise was shipped FOB Davenport on December 30, 2005, but had not been received by December 31, 2005. Required: Indicate which items should be included (I) and which should be excluded (E) from the inventory.​

Answers

The indication of the items to be included (I) and the ones to be excluded (E) from the inventory of Marcelle's Boutiques on December 31, 2005 is as follows:

a) E

b) E

c) I

d) E

e) I

f) E

g) I

h) E

i) I

What is year-end inventory?

The year-end inventory includes goods that belong to Marcelle's Boutiques as at December 31. Goods on consignment from other companies are excluded while goods on consignment to other companies are included.  Goods sold on FOB shipping point to customers are excluded while goods sold on FOB shipping point from suppliers are excluded.

Thus, if the goods do not accrue ownership interest to Marcelle as at December 31, 2005, they are excluded, while those in which Marcelle has ownership interest are included.

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One of the newest developments in trademark law is that the U.S. Patent and Trademark Office has begun issuing trademarks for ________ used on social media.

Answers

One of the newest developments is that the U.S. Patent & Trademark Office has begun issuing trademarks for Hashtags used on social media.

What is the role of Patent & Trademark Office?

Basically, the Patent & Trademark Office is an agency with the sole responsibility of granting a patents and registering trademarks.

However, in recent times, the newest developments is that the Office has begun issuing trademarks for Hashtags used on social media.

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Define marketing in your own words.

Answers

marketing is advertising, selling and delivering products to consumers or other businesses

Stocks and money, because they have been a bit too important in marketing place as well as crypto…

Which statement about retirement planning is true?
A. Retirement planning involves accounting for an income after you
retire.
B. Retirement planning involves accounting for all future expenses.
O C. Retirement planning assumes your income will go up once you
stop working.
D. Retirement planning only considers immediate investment risks.

Answers

I did c. I took this quiz a few weeks ago. I got this question completely right.

Hope that helps! Good Luck!! :)

Answer:

A. Retirement planning involves accounting for an income after you retire.

Explanation:

Retirement planning includes identifying income sources, sizing up expenses, implementing a savings program, and managing assets and risk.

Stockholders' equity is increased by

A. revenues
B. dividends.
C. liabilities.
D. expenses.

Answers

Stockholders' equity is increased by revenues.

What is stockholders' equity?

Stockholders' equity is the total assets of a firm less the total liabilities. According to the accounting equation, stockholders' equity = assets - liabilities.

Factors that cause asset to increase or liabilities to reduce increases stockholder's equity. For example, an increase in revenue increases stockholder's equity or a decrease in expenses increases stockholder's equity.

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Which of the following diagrams represent the good with the most price inelastic demand

Answers

Answer:

The steeper the demand curve, the more inelastic is its demand.

The diagrams that represent the good with the most price inelastic demand is the steeper the demand curve, the more inelastic is its demand.

What is demand?

A demand of a product or a commodity is how much a consumer is willing and able to pay for a product at a given time.

The law of demand states the relationship between price and quantity demanded, ceterus paribus. It states that when the price of a product increases its demand decreases, other things remaining constant and vice versa.

The graphical representation of the law of demand is known as demand curve. For example, When the tuition fees of a college falls then the demand for college enrollment will rise. It will lead to upward movement along the demand curve of the college enrollment.

The good with the most price inelastic demand is the steeper the demand curve, the more inelastic is its demand.

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A company's balance sheet shows: Cash $36,000, Accounts receivable $23,000, Office equipment $57,000, and Accounts payable $24,000. What is the amount of total equity

Answers

The amount of total equity $92,000

What is equity?

Equity is the value left in a company's position, after deducting total liabilities from its total assets.

Equity is computed as :

= Assets - Liabilities

Assets = $23,000 + $57,000 + $36,000

Assets = $116,000

Liabilities = $24,000

Equity = $116,000 - $24,000

Equity = $92,000

Therefore, the amount of total equity is $92,000

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Which of the following is​ true? Question content area bottom Part 1 A. Direct materials are considered to be fixed costs. B. Manufacturing overhead is always a variable cost. C. A marginal cost is the cost of making one more unit. D. The average cost can be used to predict total costs at other volumes.

Answers

Marginal cost usually entails the cost of an additional unit.

The option that is actually true is:

C. A marginal cost is the cost of making one more unit.

Marginal Cost

Marginal cost is known to be the cost that is incurred for producing one more unit of a good. It usually includes all the costs that are incurred as there is a change in the level of production.

When a firm wants to expand their production and then decides to build a new firm, the cost of building that firm is marginal cost.

In order to calculate marginal cost, one can use the change in quantity to divide the change in production costs.

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After each decision round, it is important for the management teams at all companies to review the information provided in the 4-page Comparative Competitive Efforts Report (which consists of 1-page for each geographic region) because

Answers

It is good to follow instructions. Comparative competitive efforts section of the competitive intelligence report for each of the four geographic regions is reviewed because;

knowing the unit cost per camera/drone of each company in each region is crucial to identifying the specific actions your company needs to take in the upcoming year to become more cost competitive with rival makers of action cameras and UAV drones.

The review of Competitive intelligence report

The key results from the latest decision shows that company managers often need to review or study so as to guide or aid their strategic moves and decisions making process.

This is often done to boast company's overall performance and competitiveness amidst rivals in the forthcoming decision round.

See options below

knowing the unit cost per camera/drone of each company in each region is crucial to identifying the specific actions your company needs to take in the upcoming year to become more cost competitive with rival makers of action cameras and UAV drones.

because the information puts you in position to correct any important competitive disadvantages in each region and to consider ways to further exploit any competitive advantages in each region in the upcoming decision round.

it is important for each company's management team to know the credit ratings of rival companies in each region to better understand what actions it needs to take to improve its own regional credit ratings.

knowing how well each company fared on each of the five performance measures that determine a company's overall performance score is critical to improving the overall performance of one's own company in the upcoming year's decision round.

knowing each rival company's profit margin per camera/drone in each region is crucial to identifying the specific actions your company needs to take in the upcoming year to make big strides in boosting your company's profit margin per camera/drone.

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Knowledge Check 01 How should the wages of a sheet metal worker in a fabrication plant be classified

Answers

The wages of a sheet metal worker in a fabrication plant should be classified as Product cost.

What is a product cost?

A product cost includes all the costs directly related to the production of goods and services.  Product costs include:

Direct materialsDirect laborManufacturing overheads

Thus, the wages of a sheet metal worker in a fabrication plant should be classified as Product cost because it is a direct labor cost.

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