What is commercial

Q: What is the socio-cultural environment of business in colombia?

A: The socio-cultural environment might be defined as all the social surroundings that influence the…

Q: What is The Market System

A: Introduction A market system generally means a network where commodities are sold and purchased.…

Q: What is quality? Could you explain the relationship between cost and quality

A: In an economy, there are various sellers. Each seller offers a product that has a certain level of…

Q: Write short notes on : Importance of Micro Economics

A: Microeconomics is that the study of however folks, households, and businesses build choices and…

Q: 620 6 10 590 540 485 380 220 10 20 30 40 50 60 70 Books a. What is gained by choosing to produce at…

A: Here in the given distuation, the graph shows the production of only only A when there is no…

Q: What is the difference between a for profit and nonprofit business?

A:

Q: Production Possibilities Corn Rye (Bushels) (Bushels) 2,500 2,000 700 1,500 1,200 1,000 1,600 500…

A: GIVEN   Production Possibilities Corn (Bushels)               Rye (Bushels)  2,500…

Q: Why More Sales Don't Always Mean More Profit?

A: More Sales Don't Always Mean More Profit because: Sometimes to increase the sales firms cut down the…

Q: Name the three markets.

A: The three groups of markets form the foundation of the macroeconomy. Each set of markets exchange a…

Q: business deals with creation or production of goods like tables, chairs, and cabinets.

A: A Business is an organization or enterprise usually engaged in economic, commercial, industrial, or…

Q: Does segmentation increase profits?

A: Market segmentation makes easier for companies to increase their sales. Some market segments might…

Q: O A. Pine trees in the great northwestern US forests. B. a table saw used to produce furniture in…

A: Physical capital is called tangible asset and it is used for making product. These assets are man…

Q: Explain the relationship between quality and costs in your own words. How does improving quality…

A: We know that The expenses that are being incurred by individuals or businesses for carrying out…

Q: Putting Virtual Reality on the Market: Is It Possible?

A: virtual reality markets include brands advancing themselves and their items by utilizing virtual and…

Q: show solution

A: The cost is the expenditure that is incurred in the production of goods and services. The cost is…

Q: ince they cannot prevent others from copying their ideas. Do you agree? Discuss.

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: "Costs do not affect the market price" is this statement right or wrong? Show your work

A: Answer: According to a prior research of price determination in the market age, production expenses…

Q: What is the manufacturer's main problem?

A: A manufacturing system can be described as a combination of machinery, humans, and equipment bound…

Q: In which sector (s) or industries does United Kingdom specialises in?

A: A group of suppliers or companies who create a certain type of product or service is referred to as…

Q: Some producers do not stop their production when they face loss in their production. Why?

A: Shut-down decision signifies a short-run decision taken where a firm decides whether to operate or…

Q: What are the type of tourism and define each

A: Tourism means the activities of persons identified as visitors.

Q: what tools and techniques are available to improve a firm's profits?

A: There are many tools and techniques available which is used by the firm to improve profit.Following…

Q: If dairy famrers use automatic milking machines instead of milking by hand, which economic question…

A: There are three economic problems faced in an economy: 1) What to produce – Due to the scarcity of…

Q: What is marginal revenue and marginal cost?

A: Marginal cost and marginal revenues are main concepts that determine th optimal output of the firm.

Q: What us software

A: Computer refers to the machine which is given instructions by the user in a sequence of logical…

Q: b.How do you think the technology that you use, affects the market structure and/or the demand of…

A: Quartz watches and clocks are timepieces using an electronic oscillator being regulated by a crystal…

Q: what is cost

A: Factors of production is consists of land, labor and technology.

Q: Give some specific examples of Product Costs?

A: The costs incurred in the creation of a product form the product cost. Product cost can be…

Q: The application of new technology refers to A. innovation. B. imitation. C. investment. D.…

A: To create new technology, an inventor is required to research the need for such technology and how…

Q: What is a cooperative? What are the types of cooperatives?

A: A cooperative (also known as a co-operative, co-op, or coop) is "an autonomous group of persons who…

Q: KIND can be considered a "social enterprise." Again, what does the term mean? Whatever the term…

A: Social Enterprise: Businesses that change the world for the better are known as social enterprises.…

Q: to know your consumers, competitors and suppliers in creating business?

A: For businesses, consumers, competitors, and suppliers play an integral role. So it is very much…

Q: What is the firms profit or loss?

A: Since the marginal revenue of the firm is above the average total cost and the marginal cost the…

Q: Imagine that you own your business. a) Think about your production process. Please explain the…

A: I own the business of making robots. a)In the production process of robots,my firm uses advanced…

Q: 1. Buyer Seller Relationship 2. Business Competition 3. New Business Venture

A: 1 Buyer Seller Relationship It is the buyer and the seller relationship in between the commitment…

Q: Explain commercialization?

A: Marketing takes place after a small business has developed and extended its activities and achieved…

Q: What type of advantage does the US have in producing televisions?

A: The country U would result in the advantage of producing television as the country would result in…

Q: what is specialization and is it neccessary?

A: Specialization oversees more limited creativity, which brings it simpler to market a company and…

Q: Is the corn that you produce different from your competitors? What kind of product do you sell?

A: A homogeneous product means the same size, color, and preferences. These products are usually sold…

Q: What is imperfect market

A: The market is a location where the transaction of services and commodities takes place.

Q: What is Product Expansion?

A: Product Expansion -It is the expansion of economic activity as well as the production levels from…

Q: Q1: Why do the companies change their products every time?

A: Companies change their product in order to sell more.

Q: In the realm of business, how should a Paulinian businessman conduct his business? What must he/she…

A: Paulinian businessman conducts his business he/she must do:- Get Organized. To gain business…

Q: Answer the questio

A: As we know A recessionary gap, or contractionary gaps, happens when a country's genuine GDP is lower…

Q: Goods produced on small scale have

A: Formula to calculate elasticity of supply:- ES=∆QS∆P×PQS Where; Q= Quantity supplied P= Price

Q: What yardstick can a firm use to determine where it should produce?

A: To determine the level at which the firm should produce.

Q: To compute economic profits, which costs are used?

A: The economic profits of a firm could be estimated by the difference between total revenue and total…

Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.