in a newsvendor setting, the optimal service level decreases as the salvage value obtained from leftover products increases. true or false? explain briefly.
Answers
False. In a newsvendor setting, the optimal service level refers to the probability of meeting demand for a product. The higher the service level, the more likely it is that demand will be met, but at a higher cost.
On the other hand, the salvage value obtained from leftover products refers to the value of the unsold items at the end of the selling period. The higher the salvage value, the less costly it is to have excess inventory.
The relationship between the two is inverse, meaning that as the salvage value increases, the cost of excess inventory decreases, which means that a higher service level can be sustained without incurring significant costs. Therefore, the optimal service level may actually increase as the salvage value increases.
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Related Questions
To file your federal and state taxes you ____________?
a)must prepare different forms for each type of government (if your state requires it)
b)can use tax preparation software for federal taxes, but can't for state taxes
c)must prepare the same tax forms for both
d)can use tax preparation software for state taxes, but can't for federal taxes
Answers
Answer:
a)must prepare different forms for each type of government (if your state requires it)
Explanation:
Federal is the same for everyone, state is dependent for which state you live and work in. B and C are wrong because you can use tax preparation software for both Federal and state.
To file your federal and state taxes you should: a. prepare different forms for each type of government (if your state requires it)
Recall:
Preparing of tax returns for federal and states is done using different forms as it applies to your state.There are tax preparation software that can be used whether federal or state tax. Examples of tax preparation software are Credit Karma Tax, Jackson Hewitt, TaxSlayer, among others.Therefore, to file your federal and state taxes you should: a. prepare different forms for each type of government (if your state requires it)
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
The majority of women in the workforce work in technical, sales, and administrative support. please select the best answer from the choices provided t f
Answers
The majority and most of the women in the workforce work in Sales, technical, and administrative support is correct.
Why are women majorly working in these departments?Technical, sales and administrative support are where women are mostly placed and it is a reason that they are very empathetic and good with human relations.
Therefore, it is a true statement.
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what is the relationship between beginning cash balance and ending cash balance for the current year
Answers
Answer:
While the cash flow statement shows cash coming in and going out, the balance sheet shows the assets and liabilities that result, in part, from the activities on the cash flow statement.
Explanation:
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How much is a standard tip?
•10-15 percent
•15-20 percent
•20-25 percent
•25-30 percent
Answers
Offshore production refers to fdi undertaken to serve the host market.
True
False
Answers
The statement that offshore production refers to fdi undertaken to serve the host market is false.
false.
offshore production refers to the relocation of production activities by a company to a foreign country, often with the intention of taking advantage of lower production costs, accessing new markets, or benefiting from other favorable factors. it involves setting up production facilities or outsourcing manufacturing processes in a different country from the company's home market. offshore production can be undertaken to serve the host market, but it is not limited to that purpose. in fact, offshore production can also be geared towards serving other markets, including the home market or third-party markets. foreign direct investment (fdi) refers to the investment made by a company from one country into another country, typically involving a long-term relationship and control or significant influence over the invested enterprise. while fdi can be involved in offshore production, it is not exclusive to serving the host market.
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What will be the resulting change in equilibrium of the chocolate bar market
Answers
Equilibrium price will increase and quantity will decrease will be the resulting change in the equilibrium of the chocolate bar market.
The equilibrium charge is the rate at which the amount demanded equals the amount supplied. It's far decided through the intersection of the demand and deliver curves. A surplus exists if the amount of an excellent or carrier provided exceeds the amount demanded on the contemporary charge; it causes downward strain on the charge.
Equilibrium is the nation wherein market supply calls for balance every other, and as a result, costs come to be strong. Typically, an over-supply of goods or services causes expenses to move down, which results in a higher call for—while an underneath-deliver or shortage causes fees to head up resulting in less demand.
Upward shifts inside the supply and demand curves have an effect on the equilibrium rate and amount. If the deliver curve shifts upward, meaning deliver decreases however demand holds constant, the equilibrium rate will increase but the quantity falls.
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Concentrated marketing can market more effectively by fine-tuning its products, prices, and programs to the needs of carefully defined segments. True False QUESTION 3 New communications technologies like satellite TV and social media are likely to eliminate the need for markets to be geographically segmented as clusters of countries: True or false
QUESTION 4 Cupcake Gourmet, a high-end bakery in Manhattan, segments its customers according to those who frequent their store regularly, those who visit infrequently, and those who have never visited. This is an example of usage-rate segmentation. True False
Answers
The statement "Concentrated marketing can market more effectively by fine-tuning its products, prices, and programs to the needs of carefully defined segments" is true. Concentrated marketing, also known as niche marketing, focuses on targeting specific segments of the market with tailored products, prices, and marketing strategies. By understanding the unique needs and preferences of these segments, companies can develop more effective marketing campaigns and deliver superior value to their target customers.
QUESTION 3 : New communications technologies eliminating the need for geographically segmented markets, it is false. While new technologies like satellite TV and social media provide opportunities for broader reach and global communication, there is still a need to consider geographic segmentation. Cultural, social, and economic differences among countries and regions influence consumer behaviors and preferences. Therefore, companies often need to adapt their marketing strategies to specific geographic markets.
QUESTION 4 : Cupcake Gourmet segmenting its customers based on visit frequency is not an example of usage-rate segmentation.It is false.Usage-rate segmentation categorizes customers based on their level of product consumption, such as heavy users, moderate users, and light users. Cupcake Gourmet's segmentation approach is based on visit frequency, which is not directly related to usage-rate segmentation. Therefore, the statement is false.
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Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral
Answers
Answer:
D. Collateral
Explanation:
Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.
Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.
Answer:
D. Collateral
Explanation:
What will be the result if the largest foreign providers of steel increase the prices they charge U.S. buyers
Answers
If the largest foreign providers of steel increase the prices they charge U.S. buyers, the result will likely be higher costs for U.S. companies that rely on steel imports, potential price increases for end consumers, and a possible shift towards domestic steel production to mitigate increased expenses.
What are the outcomes when the largest foreign providers of steel increase the pricesWhen the largest foreign providers of steel increase the prices they charge U.S. buyers, several outcomes can be expected.
Firstly, it may lead to higher costs for U.S. manufacturers that rely on steel as a raw material, impacting industries like construction, automotive, and machinery production. This cost increase could then be passed on to consumers, resulting in higher prices for goods made with steel.
Secondly, U.S. steel producers might benefit from increased demand as domestic steel becomes more price competitive compared to foreign steel. This could potentially lead to job growth and investment in the U.S. steel industry.
However, if U.S. producers cannot meet the increased demand, supply chain disruptions may occur, further affecting industries reliant on steel.
Lastly, the U.S. government may consider implementing trade policies, such as tariffs or quotas, to protect domestic industries from foreign price increases.
While this could support the U.S. steel industry, it might also lead to trade disputes or retaliatory measures from affected countries.
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Provides a means to clearly show economic relationships in two-dimensional space. Economic analysis is often concerned with two variables confined to the upper-right (northeast) quadrant of the coordinate number system.
Answers
Answer:
Graphs
Explanation:
A graph is a pictorial representation that shows a relationship between two or more variables. In the context of economics, it represents the clearly relationship in two-dimensional space. Also the economic analysis would be concerned with respect to the two variables.
Therefore as per the given situation, the graph should be the answer
Hence, the same is to be considered
A graph is a representation of a relationship between two or more variables in a visual format. It illustrates the clear relationship in two-dimensional coordinate numbers in the context of economics.
What is the coordinate number?
In a complex or coordination compound or a crystal, the coordination number, also known as Ligacy, is the number of atoms, ions, or molecules that a central atom or ion has as its nearest neighbors.
Thus, graphic representation shows the relationships between variables.
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Which of the following observations best describes new-to-the-world products?
A. They are new to the company but not to the market.
B. They are often not very innovative in design or operations.
C. They are aimed at new customer segments or repositioning of existing products.
D. They try to build primary demand by creating product awareness.
Answers
The observation that best describes new-to-the-world products is:
C. They are aimed at new customer segments or repositioning of existing products.
New-to-the-world products refer to innovative products that have never been seen in the market before. They represent a new category of products that introduce entirely new features, functionalities, or technologies. Unlike products that are new to a company but not to the market, new-to-the-world products bring something truly unique and groundbreaking.
These products often target new customer segments or aim to reposition existing products by offering a fresh value proposition. By targeting untapped markets or addressing unmet needs, new-to-the-world products have the potential to disrupt existing markets and create significant growth opportunities. They seek to attract customers who may not have been served by existing products or who are looking for alternative solutions.
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Required information
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,390 in assets to launch the business. On December 31, the company’s records show the following items and amounts.
Cash $ 13,210 Cash withdrawals by owner $ 1,460
Accounts receivable 13,320 Consulting revenue 13,320
Office supplies 2,720 Rent expense 2,950
Land 45,910 Salaries expense 6,290
Office equipment 17,350 Telephone expense 830
Accounts payable 7,970 Miscellaneous expenses 640
Owner investments 83,390
Using the above information prepare a December income statement for the business.
Answers
Based on the information given the December statement of cash flows for Ernst Consulting is $2,610.
Income statement:ERNST CONSULTING Income Statement For Month Ended October 31
REVENUES
Consulting fees earned $13,320
Total revenues $13,320
EXPENSES
Rent expense $2,950
Salaries expense $6,290
Telephone expense $830
Miscellaneous expenses $640
Total expenses $10,710
($2,950+$6,290+$830+$640)
Net income $2,610
($13,320-$10,710)
Inconclusion the December statement of cash flows for Ernst Consulting is $2,610.
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Use this formula to help solve the problem.
• gross income = total of all incomes added together
Given the following information, what does the gross income for the month equal?
Cash = $700, Checks = $200, Credit Card Charges = $400
a. $700
b. $1100
c. $1300
d. $400
Answers
Answer:
C.$1300.................:)
Answer:
1,300
Explanation:
just added the numbers
High school students may include coursework in the education section of a résumé if it is relevant to the job opening. True or False
Answers
Answer:
the answer is true
Explanation:
Answer:
True
Explanation:
A good system of internal control is designed to achieve each of the following, excepta. efficiency of operations.b. reliability of financial reporting.c. compliance with relevant laws and regulations.d. attainment of target sales
Answers
A good system of internal control is designed to achieve each of the following, except attainment of target sales.
A system of internal control is put in place to ensure that a company's operations are efficient, its financial reporting is reliable, and it is compliant with relevant laws and regulations. It helps to safeguard company assets, prevent fraud, and promote accountability and transparency in business practices. While internal controls may help a company to achieve its sales targets indirectly by improving the efficiency and effectiveness of operations, their primary purpose is not to directly influence sales. Instead, they are focused on promoting the integrity of financial reporting, ensuring compliance with legal and regulatory requirements, and minimizing risk in business operations.
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Which of the following is the best example of a "modified re-buy" by an organizational buyer?
a.XYZ Corp. needs to purchase more of the computer sensors it inserts in all its products, so the purchasing agent calls three of their sensor vendors and orders 33% from each of them.
b.WWW Corp. needs to purchase more of the computer sensors it uses in all its products. The purchasing agent recently was approached by a new vendor, so he decides to try them out by giving them 25% of the order.
c.STP Corp. needs to purchase more of the computer sensors that it uses in all of its products. STP's computer automatically detects the shortage of sensor inventory and sends e-mail orders to two of STP's sensor vendors.
d.FYI Corp. needs to purchase more of the computer sensors it uses in its products, but the purchasing agent decides to switch from the sensors they have used in the past and try a new type of "smart material" instead.
e.ABC Corp. decides to begin inserting computer sensors in all the products it manufactures and looks for vendors who sell them.
Answers
The best example of a "modified re-buy" by an organizational buyer is option b. WWW Corp. needs to purchase more of the computer sensors it uses in all its products.
The purchasing agent recently was approached by a new vendor, so he decides to try them out by giving them 25% of the order.
A "modified re-buy" occurs when an organizational buyer makes a purchase similar to a previous one but with some changes, such as using a new vendor or modifying the specifications. In this example, the purchasing agent is incorporating a new vendor into their purchasing decision, which fits the definition of a modified re-buy.
Therefore, correct answer is option B.
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What happens to birds that don’t get sold in the pet store?
Answers
Which tree organization is responsible for 90% of the world trade?
Answers
90% of all trade is regulated by the World Trade Organization (WTO).
What exactly does the WTO do?The World Trade Organization (WTO) is the sole international body responsible for enforcing international trade regulations. Its major objective is to ensure that trade proceeds as smoothly, reliably, and freely as possible. Geneva, Switzerland, home to the WTO's headquarters, is a special location with numerous missions to the WTO from the United Nations and other organizations.
Who is in charge of the WTO?Governments from the WTO's members run it. All significant decisions are taken by the entire membership, whether it be through the ministers, their ambassadors, or representatives.
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Which choice best describes differences in corporate decision-making
between the United States and the European Union?
A. Workers in the United States are usually more involved in
corporate decision-making.
B. Workers in the European Union are involved less in decisions over
labor.
ternati
C. Workers in the European Union are usually more involved in
corporate decision-making.
D. Workers in the European Union are usually less active in trade
unions.
expand
SUBMIT
Answers
Answer:
C.WORKERS in the European union are usully move involved in corporate decision-makng
Answer: workers in the European Union are usually more involved in corporate decision-making.
Explanation:
A p e x
Indicate how each of the following transactions affects US exports, imports, and net exports.
Transaction
Effect On...
U.S. Exports U.S. Imports U.S. Net Exports
A British scholar spends a year at Harvard University as a visiting scholar.
Your parents go on a trip to Japan in late March for the Cherry Blossom season.
A Canadian buys a new Ford.
The student bookstore at Yale University sells books published by Cambridge University Press.
A European family goes to Disney World in Florida for vacation.
Choice for the table are: increase, decrease, or unchanged
Answers
Answer: See explanation
Explanation:
Exports are the goods and the services that a particular country produces and sells to other countries.
Imports are the goods produced in other countries and sold to ones country.
Net export is the difference between the export an import. An increase in export leads to a rise in the net export.
Based on the above explanation, the answer to the question will be:
1. A British scholar spends a year at Harvard University as a visiting scholar.
US exports - Increase
Imports - Unchanged
Net exports - Increase
2. Your parents go on a trip to Japan in late March for the Cherry Blossom season.
US exports - Unchanged
Imports - Increase
Net exports - Decrease
3. A Canadian buys a new Ford.
US exports - Increase
Imports - Unhanged
Net exports - Increase
4. The student bookstore at Yale University sells books published by Cambridge University Press.
US exports - Unchanged
Imports - Increase
Net exports - Decrease
5. A European family goes to Disney World in Florida for vacation.
US exports - Increase
Imports - Unhanged
Net exports - Increase
a. Collected $1,200 rent for the period December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on December 1.
b. Purchased a machine for $32,000 cash on January 1. The company estimates annual depreciation at $3,200.
c. Paid $5,000 for a two-year insurance premium on July 1 of the current year, debited Prepaid Insurance for that amount.
Answers
a. Collected $1,200 rent for the period December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on December 1.
On December 1 of the current year, the company collected $1,200 in rent for the period spanning from December 1 of the current year to April 1 of the following year. As per accounting principles, since the rent has been collected in advance, it is initially recorded as a liability called Unearned Rent Revenue. This means that the company has an obligation to provide the rented space for the agreed-upon period. As time progresses and the rental period elapses, the company will gradually recognize the rent as revenue, offsetting the Unearned Rent Revenue liability.
b. Purchased a machine for $32,000 cash on January 1. The company estimates annual depreciation at $3,200.
On January 1, the company acquired a machine for $32,000 in cash. This transaction represents the purchase of a capital asset. The machine's estimated useful life and depreciation expense are estimated to be $3,200 per year. Depreciation is an accounting concept that allocates the cost of a capital asset over its useful life. It recognizes that assets, such as machines, gradually lose value over time due to wear and tear, obsolescence, or other factors. By estimating the annual depreciation expense, the company ensures that the cost of the machine is allocated appropriately over its useful life, reflecting its gradual consumption or reduction in value.
c. Paid $5,000 for a two-year insurance premium on July 1 of the current year, debited Prepaid Insurance for that amount.
On July 1 of the current year, the company made a payment of $5,000 for a two-year insurance premium. This transaction is initially recorded by debiting an asset account called Prepaid Insurance. Prepaid Insurance represents the portion of the insurance premium that has been paid in advance but has not yet expired. Over time, as each month or accounting period passes, the company will recognize a portion of the prepaid insurance as an expense (typically referred to as insurance expense). By debiting Prepaid Insurance, the company reflects the fact that it has an asset (prepaid insurance coverage) that will provide benefits and coverage over the two-year period.
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a client is upset about overdraft fees
Answers
If you're offered a no-interest loan, the amount of the loan should not exceed
$2,000.
$25,000.
$60,000.
$100,000.
Answers
Answer:
$100,000
Explanation:
Answer:
100,000
Explanation:
just took test
Creating graphs to reach equilibrium
Answers
On a graph, the point the place the grant curve (S) and the demand curve (D) intersect is the equilibrium.
How do you draw a demand and supply curve at equilibrium?Put the quantity of the top you are requested to analyze on the horizontal axis and its charge on the vertical axis. Draw a downward-sloping line for demand and an upward-sloping line for supply. The preliminary equilibrium charge is determined with the aid of the intersection of the two curves. Label the equilibrium solution.
The equilibrium curve of a given shape represents, to some extent, its behavior. This curve is developed in an (n + 1) dimensional house if the device is of finite dimensions; otherwise, for continuum structures (such as beams, plates, shells, and deformable our bodies in general), the corresponding area is infinite.
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https://brainly.com/question/14297698#SPJ9Gossip occurs when Jen and Kathy talk about _______. A. Their coworker Ted. B. The upcoming World Series. C. Their favorite TV show d. The clothes they will wear to a party.
Answers
Gossip occurs when Jen and Kathy talk about their coworker Ted.
What is a Gossip?
A Gossip can be regarded as the practice usually found in the society and organization which involves talking about someone behind him or her.
It involves a friend saying something else about co workers and this can cause problem in the organization.
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Gossip occurs when Jen and Kathy talk about their coworker Ted.
The correct option is (A).
What is Single All The Way?Single all the way is a Netflix-based Canadian romance comedy.
This is based on gay romance. The character has to answer his family's questions about being single because his family doesn't know that he is gay.
Thus, the correct option is (A) Their coworker Ted.
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QUESTION: Identify an example of the change in relative prices of two products.
pls help T o T
Answers
Answer: First lets start off with relative change. Relative changes shows the change of a value of an indicator in the first period and in percentage terms, ext. Relative change is calculated by subtracting the value of the indicator in the first period from the value of the indicator in the second period which is then divided by the value of the indicator in the first period and the result is taken out in percentage terms. The formula for relative change is very simple, and it is derived by initially deducting the initial value of the variable from the final value, then dividing the result by the initial value, and then finally multiplying by 100% to express in terms of percentage. Also
Explanation:
A small example in relative prices is In apple season, apples cost half as much as oranges. In orange season, oranges cost half as much as apples. Also to understand better, either market forces or government intervention, the relative price of goods and services does impact the allocation of resources used to produce these goods and services. A relative price is the price of one good compared to another. Resource allocation addresses how land, capital, and labor are spent in the production of goods and services. Since we went over that relative price is the price of something compared to something else. In other words, it is the ratio of two prices. Completely logical people will make purchasing decisions by considering the relative prices of their options. We can conclude that gas is $2.76 compared to the $3.02 of diesel . Now the gas is $0.26 cents cheaper than diesel. This is caused by the price to refine diesel compared to gas. Now that we have two simple example to show the basis of relative prices, you can clearly see the mean and definition of relative prices through the examples shown!
Explain why cartels are generally illegal, and why (even if not illegal) they might tend to be unstable.
Answers
Cartels are generally illegal due to their anti-competitive nature, as they restrict competition and harm consumer welfare.
Even if not illegal, cartels tend to be unstable because of the incentive for individual members to cheat and pursue their own self-interest, leading to a breakdown of the cartel agreement.
Cartels are typically illegal because they undermine competition and result in higher prices, reduced output, and restricted consumer choice. Cartel members collude to fix prices, allocate market shares, and coordinate their production levels, effectively eliminating competition among themselves. This anti-competitive behavior harms consumers by depriving them of the benefits of a competitive market, such as lower prices, innovation, and quality improvements.
Even if cartels are not illegal, they often face inherent instability. Each member has an incentive to cheat on the cartel agreement by producing more output and capturing a larger market share, which allows them to increase their profits.
By deviating from the agreed-upon production levels, cheating members can gain a competitive advantage over other cartel members. This creates a prisoner's dilemma situation, where each member has an individual incentive to cheat, leading to a breakdown of the cartel's cooperation and stability.
Furthermore, external factors such as changes in market conditions, entry of new competitors, or technological advancements can disrupt the cartel's control over the market, making it difficult to sustain their coordinated actions. These factors contribute to the inherent instability of cartels, even if they are not explicitly illegal.
In conclusion, cartels are generally illegal due to their anti-competitive nature and harm to consumer welfare. Even if not illegal, cartels tend to be unstable because of the incentive for individual members to cheat and pursue their own self-interest, leading to a breakdown of the cartel agreement.
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currency swaps are mostly used by stable market economies who hedge risk by using the continuity and relatively low volatility of exchange rate fluctuations over time.
Answers
Currency swaps are used to achieve foreign money loans at a higher hobby fee than an enterprise may want to achieve via borrowing without delay in a foreign marketplace or as a way of hedging transaction hazards on foreign forex loans that it has already taken out.
One of the primary functions of swaps is the hedging of risks. as instance, hobby fee swaps can hedge towards hobby fee fluctuations, and foreign money swaps are used to hedge towards currency trading rate fluctuations.
A switch is an agreement or a derivative settlement among two parties for an economic trade to be able to trade coin flows or liabilities. through a switch, one party guarantees to make a series of payments in trade for receiving any other set of bills from the second birthday celebration.
Hedging the forex hazard of developed countries can provide you with a slight superb or poor return over 10 years, plenty larger profits or losses over five years, or even extra so over one year. if you want to avoid all currency income or losses you need to comply with a strict hedging method and keep on with it.
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A binding price ceiling leads to excess demand. Which of the following is a potential method od allocating the available supply?
A. Sellers' preferance
B. Random lottery.
C. First come, first served.
D. Government issued ration coupons.
E. All of the above are possible methods.
A government might choose to implement a price ceiling to
A. Free up resources for other purposes.
B. Keep specific prices down
C. Restrict production of certain goods.
D. Satisfy notions of equity
E. All of the above are possible motives.
Answers
A binding price ceiling leads to excess demand. All of the above are possible methods of allocating the available supply.
What do you mean by binding price?
Binding price is a pricing strategy whereby a company agrees to charge a pre-determined price for a product or service. This price is agreed upon at the onset of the transaction and remains in effect until the end of the transaction, regardless of any changes in the cost of materials or other production costs. Binding prices are typically used when a company is offering a product or service that is priced competitively, or when the company has a limited supply of a product and cannot risk the possibility of pricing too high. This strategy also helps to reduce the risk of market fluctuations, as the price is set and guaranteed, allowing the company to plan its finances and production. Binding prices are often used in long-term contracts or in situations where the price is set for a certain period of time. This strategy can help companies to maintain their competitive edge in the market, as well as helping them to manage their costs more effectively.
So, All of the above are possible methods of allocating the available supply.
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