What category that affects business managers within the retal industry?Explain. Supply and demand Cost Profits Firm organization Market organization; and/or Price determination
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What category that affects business managers within the retal industry?Explain.
Supply and demand
Cost
Profits
Firm organization
Market organization; and/or
Price determination
The business manager affected by the category in the Retail Industry are:-
supply & demand
cost
profit
price determination
Step by step
Solved in 2 steps
- Employee retention programs ________. A) aim to evaluate salaries for long-term employees B) list potential replacements for key positions in a firm C) evaluate job requirements and create job specifications D) aim to hire more contingent employees E) ensure a steady supply of experienced employees for new opportunitiesIn the midst of a multitude of facts, data, and statistics, what fundamental economic models and analytic methods can managers employ to make sense of how market forces affect opportunities and constraints? What category that affects business managers within the retal industry? Explain. Supply and demandCostProfitsFirm organizationMarket organization; and/orPrice determinationManagement at the Kerby Corporation has determined the following aggregated demand schedule (in units): Month 1 2 3 4 Demand 500 800 1000 1400 Month 5 6 7 8 Demand 2000 3000 2700 1500 Month 9 10 11 12 Demand 1400 1500 2000 1200 An employee can produce an average of 10 units per month.Each worker on the payroll costs $2,000 in regular-time wages per month. Undertime is paid at the same rate as regular time. In accordance with the labor contract in force, Kerby Corporation does not work overtime or use subcontracting. Kerby can hire and train a new employee for $2,000 and lay off one for $500. Inventory costs $32 per unit on hand at the end of each month. At present, 140 employees are on the payroll and anticipation inventory is zero.a. Prepare a production plan that only uses a level workforce and anticipation inventory as its supply options. Minimize the inventory left over at the end of the year. Layoffs, undertime, vacations, subcontracting, backorders,…
- denfine the following managerial principles Workplace Organization. Authority and accountability must be balanced. Discipline. Command cohesion. Directional consistency, etcFlorida has decided to eliminate occupational licensing requirements for lawyers, so you don't have to go to law school to practice law. The demand for legal services will, therefore, increase. Draw a graph consistent with your answer.( need answer in 1 hour). Note :Don't use chat gpt.Advancement in technology that improves labor productivity will result in the firm's ________________ for labor to ________________ Group of answer choices demand; increase supply; decrease supply; increase demand; remain constant demand; decrease
- MANAGERIAL ECONOMICS 3. Explain the meaning of: a) Individual Consumer Demand, b) Market Demand, and c) Market Demand faced by a company; then explain how a company relates its product selling price policy with the price elasticity of market demand it faces; even better if it is accompanied by a graphical explanation 4. Explain various methods/methods/techniques for estimating market demand faced by the company; Also explain the advantages and disadvantages of each methodTitle: Profit-maximizing behavior in perfectly competitive factor markets The value of a firm’s marginal product of labor (VMPL)(VMPL)left parenthesis, V, M, P, L, right parenthesis equals the marginal revenue product of labor (MRP_L)(MRPL)left parenthesis, M, R, P, start subscript, L, end subscript, right parenthesis. What kind of market does this firm sell its product in? Choose 1 answer: A. a monopoly market B an oligopoly market C. a monopsony market D a perfectly competitive market E a monopolistically competitive marketHow can a manager earn profit by exploiting market inefficiencies? What are some common tactics?
- An employer faces two types of employees. Regular workers at 90% of the population and generate $75,000 in productivity. Exceptional workers are 10% of the population and generate $100,000 in productivity. Employees know their types and reject salaries below their productivity. If employer offers a salary equal to the average productivity in the population, what will be the employer’s per-employee profit? How can this be fixed?No written by hand solution Decreasing prices in the cosmetic industry to attract new customers within the market segment short essayMr. Nelson, the manager of a US company, entered into a contract with an Italian company, Roma, to order some leather suitcases. The Goods were delivered on time, but with some of the zippers on the suitcase defective. Mr. Nelson contracted Roma and gave a notice that he wanted to cancel the contract. Roma responded that they only can give a reduction in the price. Who is legally right?