A market-directed economy

Assignment Help Other Subject
Reference no: EM13301929

1. A market-directed economy:

a. ensures that voters and politicians agree what problem has to be solved first

b. makes efficient use of resources

c. concentrates solely on profit generation

d. spreads income evenly among the population

2. Michael Soles--owner of Soles Shoe Store--recently discovered that shoe stores in his trading area have an average markup of 40%. Upon investigation, Michael found that his average markup is $15 on shoes that he sells for $45. This suggests that:

a. Michael has higher-than-average costs

b. Michael is pricing his products higher than his competitors are

c. Michael is taking a smaller average markup than his competitors are

d. Michael's markups in dollar amounts are about the same as his competitors.

Reference no: EM13301929

Questions Cloud

What is the most likely mode of inheritance and why : What is the most likely mode of inheritance and why?
Nontraditional religion and traditional religions : What is 1 aspect of a nontraditional religion which clearly separates it from the more traditional religions. Why do people choose to join a nontraditional religion
Human process intervention : Which of the following is NOT a human process intervention? In the Action Research Model, diagnosis occurs:
Method of gathering data in organizational change programs : Which is the most widely used method of gathering data in organizational change programs? Edgar Schein's practice model is called
A market-directed economy : A market-directed economy: Michael Soles--owner of Soles Shoe Store--recently discovered that shoe stores in his trading area have an average markup of 40%. Upon investigation, Michael found that his average markup is $15 on shoes that he sells for $..
Regards to principal of healthcare ethics : I have been assigned to make a comment to another classmate this person made a power point in regards to Principal of healthcare ethics.
Monopolistic competition and marketing manager : Which of the following statements BEST describes a marketing manager? The monopolistic competition that is typical of the U.S. economy: As consumers shift their support to firms that do meet their needs:
Influence the global distribution of precipitation : What are the factors that influence the global distribution of precipitation (provide specific examples in your answer)? What regions have low or high annual precipitation? How do precipitation patterns differ by season?
How many calls the call center will process during the day : The Company CO has a call center to sell its products and provide technical support to customers. The company wants to evaluate the operations of the call center. Particularly wants to evaluate if the center is complying with the policy of the compan..

Reviews

Write a Review

Other Subject Questions & Answers

  In a skill-training program

In a skill-training program, it is helpful for the coordinator to know the following information about the participants:

  Ideologies represent the major schools of political ideology

Which of these ideologies represent the major schools of political ideology that permeate American politics?

  Compare-contrast two sculptures which portray human figure

Compare and contrast two sculptures which portray the human figure. One must be from either the Renaissance or Baroque period. Select the other sculpture of the human figure from any of the earlier cultures that we have studied so far, from Prehistor..

  Contemporary morality-disciples of god

Those who live a Christian life have been asked to be disciples of God. But what does this really mean? How does one live out the life of discipleship? How do we balance our wants and our needs? How do we live with “an eye to others”? These are quest..

  Define risk management-components of risk management

Define risk management, the components of a risk management program, and how the risk management process can reduce organizational risk. Examine the roles and responsibilities of a risk manager as well as those of the clinical delivery team, includin..

  Sociologists views of multinational corporation

Select a multinational corporation or international nonprofit agency that has encoutered trying to expand globally but was not successful do to cultural differences between workers and customers in other countries.

  Best basis for a challenge to the fee

Developer Torreon Homes, building a subdivision of 300 homes, has been assessed an impact fee that the town of Snowberry indicates for general improvements. What would be the best basis for a challenge to the fee?

  Local area network with a firewall

You have been hired to set up a local area network with a firewall for a Windows® network at a medium-sized company, Taylor & Sons Financial Consulting. The network will have 100 users and 10 applications used extensively by 80 of the employees.

  Which of the following is true about office friendships

Which of the following is true about office friendships?

  Hat solution does a consequentialist approach offer

When he returned to his job in a large international corporation , it occured to him that he could write a program that filtered off small amounts of money from the advertising account and pay in it to a private account.

  Speech for the annual convention of citizens

You have been asked to prepare a speech for the annual convention of Citizens for a Greener Planet, a national environmental group, on the idea of sustainable development. Since many of your listeners are not scientists, you want to use examples that..

  Standing on the earth''s equator

If you were standing on the Earth's equator, which of the following points in the sky would pass through your zenith at some time during one full day (24 hours)?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd