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Explain why automobile manufacturers produce their own engines but purchase mirrors from independent suppliers.
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- Assume that firm A is offered a supply of essential components by an outside supplier for a price less than the full cost of firm A making them. Explain why firm A might reject this offer.Hand written solutions are strictly prohibittedBill runs a business that makes custom-printed towels. It will cost him $8 each to purchase and print on towels, and he will have to pay a rent of $1,700 per month for him workshop. Based on market research, Bill estimates that he can sell custom towels for $25 each. a) Calculate the number of towels he needs to sell per month to break-even. towels b) Calculate the break-even in dollars (round off to the nearest cent).
- How has technology eased the task of assessing actual food costs and actual beverage costs?Are Alarm clocks and automobiles substitute, compliments, or unrelatedMarty used to be a bartender making $5,000 a year but he quit in order to become a clown that does shows at birthday parties. His clown car and costumes cost $7,000 and he did a lot of shows in the past year, making $13,000 in revenue but paying $2,000 in variable costs for balloons, gas, etc. Marty asked an accountant and an economist to calculate his profit. What did they report?
- Round off your final answer to whole #. A company produces and sells a consumer product and is able to control the demand by varying the selling price. The approximate relationship between price and demand is 2700 5,000 p=47 + -forD>1 D D² The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $39 per unit. What is the number of units that should be produced and sold each month to maximize profit?Mr. Nyugen Ho is a Vietnamese entrepreneur who started a clothing factory in Vietnam. After two years of good business within the country's local markets, there was a huge demand for his clothes in the international markets like Canada, Australia, Japan, United States and France. But he didn't want to sell his products outside Vietnam - he has never travelled outside his country as there was always a fear of losing face (fearing that people will not respect him and will hate him for the race he belongs to). He always felt that if he set his business outside his country, he would feel unwelcomed and that his business would be attacked and exploited. Moreover, he felt that he would feel alienated (feeling different/lonely) in new surroundings. What problem is Mr. Nyugen experiencing? A.Stereotyping b.Ethnocentrism c.Individualism O d.XenophobiaWhy would a new oil refinery have difficulty competing successfully with large oil refiners such as Chevron, Shell Oil, or ExxonMobil?
- Show complete manual solutionExplain Break-Even Sales Volume?Question 6. A producer can produce 2500 units of wood parts per day at a plant located in USA. The steady demand for wood parts is 500 units per day. The set up cost for the equipment to the company is $ 50.00. The annual carrying cost for the wood part is $ 1.00 per unit. The facility operates 200 days a year: a) Calculate the optimal run size b) Average inventory c) Total cost of carrying + ordering per year d) The numbers of production run per year e) Length of a production run in days