Answer:
specialty
Explanation:
Specialty goods are goods with unique characteristics and brand identifications that will motivate a buyer to go to great length or special effort to acquire such a good. Specialty goods require high involvement as the buyer can show high level of brand loyalty to a product and pay a premium just to acquire the brand.
Byron does not visit another store to compare other vases because he already knows the unique characteristics he is looking for which he found in the first vase that he saw and bought. So he purchased a specialty good.
Answer:
a. Outperform.
b. Gatekeepers.
c. Leveraging.
d. Value creation.
e. Producer.
Explanation:
A platform can be defined as a type of business model that creates value or focuses on assisting participants by facilitating exchanges and interactions between two or more interdependent groups of participants, who are mostly consumers and producers of finished goods and services.
This simply means that, a platform usually creates an effective and efficient market or community network with needed resources, for better interaction and transaction among various participants. Some examples of a platform business are brainly, airbnb, apple, microsoft, uber etc.
The notable characteristics and advantages of a platform business are;
a. Platform businesses tend to frequently outperform pipeline businesses.
b. Platforms scale more efficiently than pipelines by eliminating gatekeepers.
c. Platform businesses leveraging digital technology can grow much faster.
d. Platforms unlock new sources of value creation and supply.
e. Feedback loops from consumers to the producers allow platforms to fine-tune their offerings and to benefit from big data analytics.
Answer:
See explanation below as attached.
Explanation:
1. Predetermined overhead is 139% of direct labor hour
2. Under applied overhead is $6,200
Please find attached breakdown and solution to question 1, 2, 3, 4 and 5.
Answer:
The correct options are as follows
Buyers will pay all of the tax.
The price of Humbugs will rise to $60.
The quantity of Humbugs demanded will not change.
Explanation:
As the question is not complete, the complete question is found online and is attached herewith.
The options given are as follows
Sellers will pay all of the tax.
Buyers will pay all of the tax.
The price of Humbugs will rise to $60.
The price of Humbugs will rise by less than $10.
The quantity of Humbugs demanded will not change.
Now option 1 is not correct as the buyer has to pay the tax not the seller.
option 2 is correct
option 3 is correct
option 4 is not correct as the initial price is $50 and the new price is to be more than $60 thus the rise is more than $10.
option 5 is correct as the demand of the hamburger will remain the same.
When buying or selling a futures contract, the trader commits what amount of funds the amount of the initial margin. A futures contract is a legal agreement to buy or sell assets, mainly commodities, at a set price but it will be delivered and paid for later. Based on the definition of a futures contract, the trader will have to commit to the initial amount that was set to be traded when the legal agreement was made.
