Answer:
Taking these three transactions into account, what is the effect on GDP?
c.GDP increases by $5.00
Explanation:
The Gross Domestic product usually abbreviated as the GDP, is a measure of how much a goods and services a country can produce during a particular time period. The quantity of goods and service is usually expressed in monetary terms. it serves a a broad measure of a country's overall economic status. A higher GDP usually implies that the quantity of goods and services being produced in monetary terms is very high, there for it can be concluded that the general health of the economy is good.
To determine the GDP in our case, we need to determine the total value of a finished product to determine how much the GDP changes. The intermediate good is not included since it is not sold as a finished product but as a raw material in the production of a finished product. The following commodities are sold as finished products, for example; the bread and the second bag of floor. The change on GDP is as follows;
Change in GDP=Final GDP-initial GDP
where;
Change in GDP=unknown, to be determined
Final GDP=0+3+2=$5.00
initial GDP=assumed to be 0
replacing;
Change in GDP=5-0=$5.00
The effect on GDP is an increase of $5.00.
Answer:
Planning.
Explanation:
Planning is the process used by managers to identify and select appropriate goals and courses of action for an organization. The planning function determines how effective and efficient the organization is and determines the strategy of the organization.
Purpose or Importance of planning:
- Leads to economic utilization of resources
- Reduces the risk of uncertainty
- Facilitates decision making
- Encourages innovation and creativity
- It gives direction to managers and non managers alike.
- Planning can reduce the impact of change.
- It minimize waste and redundancy.
- Planning establishes objectives or standards that facilitate control.
Product development or product design entails a process of balancing various types of considerations to ensure that the final product meets the needs and expectations of the customers.
1. Functionality: This refers to how well the product meets the functional requirements of the users. It includes aspects such as ease of use, reliability, and performance.
2. Aesthetics: This refers to the visual appeal of the product. It includes factors such as color, shape, and texture.
3. Cost: This refers to the amount of money required to produce the product. It includes factors such as materials, labor, and overhead costs.
4. Safety: This refers to how safe the product is to use. It includes factors such as product testing, warning labels, and safety features.
5. Environmental impact: This refers to the impact of the product on the environment. It includes factors such as sustainability, recyclability, and waste reduction.
Balancing these considerations is essential to ensure that the final product meets the needs of the customers while also being cost-effective and environmentally responsible. By taking into account all of these considerations, product development and design teams can create products that are functional, visually appealing, affordable, safe, and sustainable.
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B. left lane change
C. stop for pedestrians
D. right turn
Demand always decreases from period to period
Demand fluctuates from period to period in a regular pattern
Demand is constant, as in the mature stage of the product life cycle
None of the above
Answer:
The answer is Demand fluctuates from period to period in a regular pattern
Explanation:
when demand is seasonal, it means the products are purchased during certain months of the year. Seasonal demand can also be defined as a certain time series with repetitive or predictable patterns of demand
In the MARS Marketing Management Simulation, a 'highly seasonal' demand refers to demand fluctuating regularly with the season or time of the year. Businesses have to strategically manage this fluctuation.
In the MARS Marketing Management Simulation, when it is mentioned that demand is highly seasonal, it signifies that demand fluctuates from period to period in a regular pattern. This essentially means that demand is not constant but changes based on the time of the year or season.
For example, the demand for winter clothes increases during the cold seasons and decreases during the warmer seasons. Thus, in relation to the MARS simulation, businesses must strategically plan and adapt their marketing, production, and inventory management strategies to cater to these foreseeable shifts in demand.
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Answer:
There was no contract since there was no mutual agreement on the shipping company.
Explanation:
For a contract to be enforceable, it is necessary to have proper offer and acceptance by the two parties. In this case, Strike made an offer and Bailey accepted the stated price but added that the shipping has to be done by Yellow Express Truck Line and not Dependable Truck. Since there was no agreement reached on the shipping company by both the parties, the contract isn't enforceable.