The increase in Antonia's carpet company's average costs following its growth is an example of diseconomies of scale, which occur when production becomes less efficient as size increases.
When Antonia's carpet company doubled in size and the average costs of production increased, this situation is characterized as diseconomies of scale. Unlike economies of scale, where costs per unit decrease with increased production due to factors like improved efficiency and specialization, diseconomies of scale occur when a company becomes less productively efficient as it grows.
This can result from various inefficiencies such as the need to pay workers overtime or the increase in maintenance costs due to machinery overuse. A critical point to consider is that while bigger operations might benefit from economies of scale initially, there is a threshold at which the operation becomes too large and average costs begin to rise, as observed in Antonia's case.
What three aspects of customer demand considerations are most indicative of market interests?
Put yourself in the position of an entrepreneur who is developing a new self-propelled, robotic lawn mower, similar to the roomba robotic vacuum cleaner, to introduce into the market. develop the targeting strategy for marketing the new product. be sure to discuss: 1) characteristics of the segment(s) you might choose as the target market 2) why the target market(s) is/are attractive.
The targeting strategy for a robotic lawn mower would focus on homeowners who value convenience and technology, are environmentally conscious, and are familiar with similar automation technologies, as well as landscape professionals seeking efficiency.
Explanation:As an entrepreneur developing a new self-propelled, robotic lawn mower, the targeting strategy for marketing the product would focus on identifying and appealing to specific segments of the market. One possible target market segment could be homeowners with medium to large-sized lawns who value convenience and technology and are environmentally conscious. These customers may already be familiar with robot vacuums like Roomba and tend to adopt new home automation technologies.
The attractiveness of this market stems from their willingness to invest in time-saving and sustainable products. This segment also might include tech-savvy individuals, aged between 30 and 50, who are comfortable with using apps and smart home devices. Another attractive target market could be landscape professionals seeking to increase efficiency with innovative technology. This segment is attractive due to their larger purchasing power and the potential for repeat purchases as they scale their operations.
If a firm bakes cookies and sells them for $1,000 while spending $100 on sugar, $150 on chocolate, $50 on other supplies, $300 on wages and $400 on rent, what is its value added?
According to the firm bakes, the value added is $ 700. It is calculated by this Value added = Gross value of output - Value of interim consumption.
What do you mean by the value added?The price of a good or service minus its production costs is known as value-added. Based on their perceived value, customers' willingness to pay determines the price. There are numerous ways to contribute or create value.
The word "value added" in economics, particularly macroeconomics, refers to the contribution of the factors of production (i.e., labour and capital) to raise the value of the finished good and raise the income of those who own the aforementioned factors. As a result, both capital and labour contribute to the national value added.
Here,
Value added = Gross value of output - Value of interim consumption.
Value added = $ 1000 - ($ 100 + $150 + $50).
Value added = $ 700.
Therefore, according to the firm bakes, the value added is $ 700.
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What supports the codes that are chosen for an insurance claim to ensure reimbursement?
A mystic claims that he can perceive that a bank is in the process of being robbed. this ability is known as _____.
In large organizations, planning usually takes place at three levels of management. discuss the three levels and steps in the planning and strategy-making process. be sure to consider how they are linked with each other. provide an example that supports your conclusions from current events..
Copywriters can correlate the visual and headline to the _____ step of the creative pyramid.
A firm's net income for the year was $800,000. average assets totaled $6 million, and average liabilities totaled $1.2 million. return on equity was:
The project manager building a new underwater dolphin exhibit at chicago's shedd aquarium is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity. he is employing the ________.
"performing activities in a manner that meets the needs of the present without compromising the ability of future generations to meet their own needs" is the definition of
Uma and edward are assigned to partner on a project, but they have never worked together before. uma texts edward, "are you available to meet at four this afternoon?" edward replies, "yep. cu then." what advice would you give them about their communication styles?
One advantage of modularization is that it simplifies the ____.
High self-monitors respond more to _____ advertising.
The answer is image oriented advertising. This type of advertising tends to focus more on the products of which they assume of which are more presentable and are favorable for their consumers that will be worth trying or buying of by the consumers.
How often are credit card statements issued?
Consider the data on expected returns and betas for a variety of assets in the table below. what is the expected return on shares of omni consumer products inc. using the capm?
In 1999, the Coca-Cola Company developed a vending machine that would raise the price of Coke in hot weather. Present a supply and demand diagram to explain the logic behind this machine.
An image has been attached for better understanding.
When there is hot weather, the price of any such beverages will increase as there is greater demand in comparison to the other weather conditions. With the help of the vending machine, it will be easy for Coca-Cola Company as well to provide chilled coke and it will also increase its price.
What is demand?Demand is the term that has a direct impact on product availability in the market. When there is a high demand for any particular product, there is a change in its supply also.
It can be reduced by the quantity of that particular product that is not available, which also impacts the revenue of the product that is generated. Also, demand is that thing that has a direct relationship with the weather.
As per the given image, when the demand for the Coke words moves towards D1, there is a shift in the equilibrium price because the shortage exists, so to eliminate the shortage, the price also increases, which helps in achieving the new price equilibrium with the higher price than before.
Thus, the increase in price is direct when the weather is hot and demand also increases for coke.
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We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:
John's manager just told his team about this year's contest, the winner of which will receive an all-expense paid trip to bangkok. john does not like to travel to places where he can't speak the language, so he is not very enthusiastic. this reward has a high valence for john. true or false
a. True
b. False
Supply chain management refers to a relatively new business phenomenon meaning:
A specialized automatic machine costs and is expected to save per year while in operation. using a 99% interest rate, what is the discounted payback period?
The formula for discounted payback period is DPP = -ln (1 – Ci/S) / ln (1+i), wherein C is the initial Cost, i is the interest rate, and S is the saved cash per year. Given the value of i which is 0.99, substitute the remaining value of the specialized automatic machine cost (C) and saved cash (S) per year to get the discounted payback period.
Final answer:
The discounted payback period calculation requires specific cost and savings values, which are not provided. At a 99% interest rate, future savings' present value would be very low, making investments difficult to recoup.
Explanation:
The question asks about calculating the discounted payback period for a specialized automatic machine using a 99% interest rate. This involves understanding the concept of discounted cash flow (DCF), which accounts for the time value of money. To determine the discounted payback period, one must calculate how long it takes for the present value of the savings generated by the machine to equal its initial cost. However, without specific cost and savings values, the exact payback period cannot be computed in this response. Typically, at a very high interest rate like 99%, the present value of future savings would significantly diminish, making it extremely challenging for investments to reach a payback period.
Suppose there is unexpected deflation this year that reduces the aggregate price level by 10%. how does deflation affect borrowers and lenders?
Julie received a 10% wage increase while consumer prices rose by 3%. how much did julie's real wage increase in nominal and real terms?
Which of the following is a type of program that is designed to collect information about you and send it to a remote user without your knowledge?
A. Spyware
B. Cookie
C. Virus
D. Worm
E. Stealware
On a pert chart, an arrow from "activity d" to "activity e" indicates that _______.
Jasmine goes out of her way to display a caring attitude to one of her customers during a sales call. the customer establishes a long-term relationship with jasmine's company. this is an example of
The answer is: how attitudes can be a powerful force in an organization
Attitudes influence general atmosphere in the work environment and the emotions that people felt when working there. Positive emotions usually would correlate with a more positive relationships with costumers, lower stress level, and higher general work productivity.
An individual or a company may challenge agency action where such action is _____:
There may be presence of challenge in an individual or a company when an action is triggered such as having to trigger unwarranted by facts in which will rise challenge and rivalries among the group or in the company itself.
A $22 credit to sales was posted as a $220 credit by what amount is the sales account in error
Answer:
$198
Explanation:
The data provided in the question
Credit to sales = $22
But wrongly posted as a $220 credit
Since the right amount is $22 credited but it wrongly posted as a $220 credited
So the difference is to be shown as the sales account error
Sales account in error = Wrong amount - correct amount
= $220 - $22
= $198
By deducting the correct amount from the wrong amount we can determine the sales account in error amount
The point when the company makes exactly enough money to pay for itself, without making extra as a profit, is the ____________ point. A. Startup B. Tax C. Break even D. Legal
Favorita candy's stock is expected to earn $2.40 per share this year. its p/e ratio is 18. what is the stock price?
If the cpi is 137 in year y, then it costs _______ in year y to buy the same market basket that cost _______ in the base period. $37; $100 $137; $37 $100; $137 $137; $100