The firm is not covering its fixed costs and is making a loss in the short run. If the losses persist in the long run, the firm may eventually exit the market.
a. At the profit-maximizing quantity q*=10, the firm's average variable cost (AVC) is $10, which is less than the market price (p*) of $50. This means that the firm is able to cover its variable costs and some of its fixed costs. However, the average total cost (ATC) is $100, which is greater than the market price (p*), indicating that the firm is incurring losses. The shaded area on the graph would be a rectangle with base 10 (q*) and height 50-100 = -50 (the difference between the market price and the average total cost), resulting in a loss of $500.
b. Total revenue is the product of the market price (p*) and the quantity sold (q*), which is 50 x 10 = $500. c. The total cost can be calculated by multiplying the average total cost (ATC) by the quantity sold (q*). Thus, the total cost is 100 x 10 = $1000.
d. The firm's profit or loss is calculated by subtracting the total cost from the total revenue. In this case, the total revenue is $500 and the total cost is $1000, resulting in a loss of $500. Therefore, the firm is operating at a loss in the short run. The graph visually shows that the firm should reduce its production level to the point where the marginal cost (MC) equals the marginal revenue (MR) to maximize its profit or minimize its losses.
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Complete question:
4. Consider the following purely competitive firm: р MC ATC D=MR $50=p*- AVC q*=10 a. Suppose that at q* = 10 the average total cost is $100. Use this information to shade in the profit or loss this firm receives. b. Calculate the firm's total revenue. C. Calculate the firm's total cost. d. Calculate the firm's profits or losses.
How many acres are in a description reading, "The NW¼ of the SE¼ and the S½ of the SW¼ of the NE¼ of Section 4"?
The main answer is that the description "The NW¼ of the SE¼ and the S½ of the SW¼ of the NE¼ of Section 4" does not provide enough information to determine the exact number of acres.
The description only specifies the fractional parts of various quarters within Section 4, but it does not specify the size of the section or the size of each quarter.
To determine the number of acres, we need to know the total area of Section 4 in acres. A section of land typically consists of 640 acres, but the exact size can vary depending on the jurisdiction or survey system being used. Once we know the total area of Section 4, we can calculate the number of acres based on the given fractional parts.
For example, if Section 4 is 640 acres, the NW¼ of the SE¼ would be (1/4) * (1/4) * 640 = 40 acres. The S½ of the SW¼ of the NE¼ would be (1/2) * (1/4) * (1/4) * 640 = 20 acres. However, without the information on the size of Section 4, we cannot accurately determine the total number of acres based on the given description.
In summary, the provided description only specifies fractional parts of various quarters within Section 4, and without the total area of Section 4, it is not possible to determine the exact number of acres.
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I am with the girl of my dreams, and I couldn't be happier!
Nice bro
YesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesv
Answer:
Gj <333
Explanation:
If consumers view cappuccinos and lattés as substitutes, what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos rises?.
If consumers view cappuccinos and lattés as substitutes, the equilibrium price and quantity would decrease if the price of cappuccinos rises.
In economics, the concept of equilibrium can be used to determine market stability. At this point, neither the buyer nor the seller wishes to deviate from their respective consumption and production points.
In economics, substitute goods are those types of goods that may be used place of one another. As a result, as the cost of a substitute good rises, so does demand for the original good, causing both the equilibrium price and quantity to rise.
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Henry recently set up a retail store in his hometown. He studied the pattern that other storeowners followed in obtaining new customers. All their current customers had referred the store to their friends and family. Their awareness basically spread through word-of-mouth. Henry knew that his store offered the same quality as the other stores did. His store was also on the same street as the other retail stores. Given the setting, the other storeowners were already charging their customers the bare minimum in order to remain competitive. Which P of marketing should Henry concentrate on to distinguish his retail store?
Answer :
Promotion is the P of marketing Henry may focus on to differentiate his retail shop.
Explanation :
In marketing, there are seven (7) P's that make up the marketing mix. The four (4) most important P's in the marketing mix are P-product, P-price, and P-place. P-promotion According to the text, Henry cannot utilize the first P, which stands for product, because he is aware that his store offers the same quality as the others.
Henry can't utilize the second P, Price, as a marketing technique since he knows that other business owners are already charging the bare minimum to stay competitive. Henry can't utilize the third P, which stands for Place, because his business is on the same street as the other retail stores, and he can't improve on that. Henry's lone marketing tool for beating the competition is the fourth P, which stands for Promotion.
This is because word-of-mouth knowledge established by other business owners is insufficient to create widespread awareness; word-of-mouth can only reach friends and relatives. As a result, the P in marketing that Henry may use is Promotion. He may achieve this by creating global awareness through advertisements on television, radio, social media, printing handbills, and sales promotions such as lottery draws, festive sales, clearance discounts, and offering consumers bonuses such as the buy three, get one free promotion.
Select all that applyA finance lease is a long-term lease which meets one or more of the following criteria:A. transfers ownership to lesseeB. has a purchase option that lessee is reasonably certain to exerciseC. lease term is for major part of asset's remaining economic life
A. Transfers ownership to lessee , C. Lease term is for major part of asset's remaining economic life , the correct answer is A and C.
A finance lease is a type of long-term lease that transfers ownership to the lessee and has a lease term that is for a major part of the asset's remaining economic life. As a result, the lessee is able to record the leased asset as an asset on their balance sheet and depreciate it over the lease term. The lessee also assumes all the risks associated with the leased asset, including the risk of obsolescence.
A finance lease is distinct from an operating lease, which does not transfer ownership to the lessee and does not have a significant impact on the lessee's balance sheet.
Option B is not a characteristic of a finance lease. The lessee is not necessarily reasonably certain to exercise the purchase option in a finance lease. Therefore, the correct answer is A and C.
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Which factor does NOT determine the price elasticity of demand?
the slope of the supply curve
the proportion of the budget spent on the item
the time available to adjust to price changes
the number of available substitutes
The factor that does NOT determine the price elasticity of demand is the slope of the supply curve.
The price elasticity of demand is determined by the responsiveness of the quantity demanded to changes in price, which is affected by factors such as the proportion of the budget spent on the item, the time available to adjust to price changes, and the number of available substitutes.
The proportion of the budget spent on the item is an important factor in determining the price elasticity of demand. When a larger proportion of the budget is spent on the item, the demand tends to be more elastic, meaning that consumers are more likely to adjust their consumption in response to changes in price.
Additionally, the time available to adjust to price changes also affects the price elasticity of demand. When consumers have more time to adjust to price changes, the demand tends to be more elastic.
Finally, the number of available substitutes is also a key factor in determining the price elasticity of demand.
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Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.
Answer:
C) You will receive two bottles of Edgozene when you order.
D) Edgozene costs $29.95.
Explanation:
We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)
There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.
Answer:
c,d
Explanation:
If you invest $1000 in a stock and its value is doubled in four years what is the return on your stock investment?
If you invest $1000 in a stock and its value is doubled in four years, the return on your stock investment is 100%
To calculate the return on your stock investment, you need to find the percentage increase in its value after four years. In this case, you invested $1000, and its value doubled, so the final value is $2000.
1. Determine the initial value of the investment: \($1000\)
2. Determine the final value after four years: \($2000 (doubled)\)
3. Subtract the initial value from the final value: \(\\$2000 - $1000 = $1000 (profit)\)
4. Divide the profit by the initial value: \(\\$1000 / $1000 = 1\)
5. Multiply the result by 100 to get the percentage return: \(1 \times 100 = 100%\)
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what is the meaning of statistics??
Explanation:
1 : a branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data. 2 : a collection of quantitative data.
Answer:
Statistics is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data.
Because of the tvm concepts learned in this topic, you should _________ receiving $1,000 in 1 year if given the opportunity to receive $1,000 in 2 years from today.
Answer:
I think the answer is avoid.. Alex that my final answer
Explanation:
only because if you stay with that company by year two the company will know that ur a good fit for
What is a low risk investment?
A low risk investment is an investment that has a relatively low probability of losing value.
What is low risk investment ?Low risk investments tend to offer lower potential returns in exchange for a reduced likelihood of losing money. Examples of low risk investments include:
Savings accounts and certificates of deposit (CDs) at banks and credit unions: These are generally considered very low risk investments, as they are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA). However, they also tend to offer low returns in the form of interest.Money market funds: These are mutual funds that invest in very short-term, high-quality debt instruments such as government bonds and commercial paper. Money market funds are generally considered low risk, but they also offer relatively low returns.To learn more about low risk investment refer :
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Suppose that in 2015, a typical U.S. student attending a state supported college bought 8 textbooks at a price of $90 per book and enrolled in 28 credit hours of coursework at a price of $400 per credit hour. In 2016, the typical student continued to purchase 8 textbooks and enroll in 28 credit hours, but the price of a textbook rose to $100 per book, and the tuition price increased to $440 per credit hour. The base year for computing a "student price index" using this info is 2015. The price index for any base year is 100. The value of the student price index in 2015 is
Answer:
$11,920
Explanation:
2015 prices:
8 textbooks x $90 = $720
28 credit hours x $400 = $11,200
total = $11,920
the base year, in this case 2015, will be used to adjust the relative prices of the goods and services purchased by students. E.g. for year 2016, the index based on 2015 should be (8 x $90) + (28 x $400) = $11,920 since the quantities didn't change, only the nominal prices.
Generally speaking, which of the following statements is true concerning product attributes?
a. Tangible product attributes are more important than intangible ones.
b. Intangible product attributes are more important than tangible ones.
c. Both tangible and intangible product attributes are important.
d. Neither tangible nor intangible product attributes are important.
e. A product has more attributes than tangible and intangible ones.
c. Both tangible and intangible product attributes are important.
Both tangible and intangible product attributes are important, is generally true. A product has a combination of tangible and intangible attributes that contribute to its overall value proposition. Tangible attributes refer to the physical or measurable aspects of a product, such as size, weight, color, and design. Intangible attributes refer to the non-physical or experiential aspects of a product, such as brand reputation, perceived quality, customer service, and emotional appeal. Both tangible and intangible attributes can be important to consumers and can influence their purchasing decisions. For example, a consumer may be attracted to a product based on its physical attributes, but may ultimately choose to purchase it based on intangible attributes such as its brand reputation or perceived quality.
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HAS ANYONE TAKEN THE 2020 ALGEBRA 1 EOC IN FLORIDA THIS YEAR?? IF U HAVE PLZ TELL ME WHAT QUESTIONS THEY ASKED U
Answer:
They just ask you what you have learned in your previous math courses.
Explanation:
According to the video, which qualities do Insurance Underwriters need? Check all that apply.
communication skills
customer service skills
computer skills
knowledge of sales strategies
an outgoing attitude
a background in finance
Answer:
The correct answers are (A) (C) (F)
Explanation:
Hope this helps ya'll :)
A communication skills, C computer skills, F a background in finance
Explanation:
According to the Plaintiffs (Schwarck) , what was the product defect at the center of the case?
According to the Defendant (Arctic Cat, Inc.), why was this not a product defect?
Why did the court conclude that this case should be submitted to a jury for trial? Explain.
Regarding the alarm, do you personally believe there was a product defect - why or why not
According to the Plaintiffs (Schwarck), the product defect at the center of the case was a malfunctioning alarm system. They alleged that the alarm system did not perform its intended function, which was to prevent theft or provide adequate security for the vehicle.
On the other hand, according to the Defendant (Arctic Cat, Inc.), the alarm system was not considered a product defect. They argued that the purpose of the alarm system was not for theft prevention or security but rather as a notification system to alert the user when the vehicle was in motion. Arctic Cat, Inc. contended that the alarm system was designed and marketed accordingly.
The court concluded that this case should be submitted to a jury for trial due to the conflicting arguments presented by both parties. In cases where there are disputes regarding product defects, it is the role of the court to assess the evidence, evaluate legal standards, and determine whether the case should proceed to trial. In this instance, the court likely recognized that there were significant factual and legal issues to be resolved, such as the design intent and the reasonable expectations of the alarm system's performance.
Regarding the personal belief about whether there was a product defect in the alarm system, it is challenging to form an opinion without access to specific details and evidence. Assessing a product defect requires a comprehensive analysis of various factors, including the intended use, design specifications, and performance standards. As an AI language model, I don't possess personal beliefs, but it is best for the court and the jury, who have access to all relevant information and expertise, to make a well-informed decision based on the evidence presented during the trial.
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a worker who is injured on the job and requires treatment but is able to resume working within serveral days is sligible for workers compensation under blank catergory
A worker who is injured on the job and requires treatment but is able to resume working within several days is eligible for workers' compensation under the temporary disability category.
Workers' compensation is a type of insurance that provides benefits to employees who suffer work-related injuries or illnesses. It is designed to cover medical expenses, lost wages, and rehabilitation costs for injured workers.
In this case, if a worker is injured on the job but can return to work within several days after receiving necessary treatment, they would fall under the temporary disability category. Temporary disability benefits are provided to workers who are temporarily unable to work due to a work-related injury or illness but are expected to recover and return to work in the near future.
The temporary disability benefits would cover the worker's medical expenses related to the injury, as well as provide compensation for any wages lost during the time they were unable to work. The exact duration and amount of temporary disability benefits may vary depending on the specific workers' compensation laws in the relevant jurisdiction.
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Which of the following statements is true about mortgages?
A. The adjustable mortgage has an adjustable term of years but
fixed interest rate.
B. The adjustable mortgage has adjustable rates over a set amount
of time.
C. The fixed mortgage has a fixed term of years but adjustable
interest rate.
D. The fixed mortgage has an adjustable interest rate over a set time.
The statement true about mortgage is B. adjustable mortgage has adjustable rates over a set amount of time.
A mortgage is basically a pact or agreement between the person who is providing a loan in the form of money and the person taking the loan in the form of money. It includes that if you fail to return the amount the lender has all the rights by which they can take away your property that you have submitted as a security deposit in form of property papers.
There are two types of mortgages on the basis of interest rates first is adjustable mortgages which has adjustable rates of interest through a fixed period of time. On the other hand is fixed mortgages which means there is a fixed rate of interest for a fixed period of time.
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A company with two factories learns that by using robots and other high-tech
equipment it can produce the same quantity with just one factory. It decides
to close one of its factories. Under the WARN Act, who must be notified of
this decision?
O A. The workers at both plants and the state and federal departments
of labor
OB. The workers of the plant to be closed, the local government, and
the state's department of labor
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
O D. The workers at both plants, the local governments of both
communities, and both states' dislocated-worker units
Answer:
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
Explanation:
The WARN Act seeks to offer protection to workers, their families, and communities by compelling employers to give a 60 notice day in advance of a planned plant closure or intended mass layoffs. The advance notice provides workers and their families time to adjust to the pending loss of employment. It accords workers some time to seek alternative employment or acquire new skills to compete for jobs.
Apart from the affected workers, The WARN act requires employers to notify the state dislocated worker units. This facilitates dislocated worker assistance to be availed promptly to the affected worker. The local government representatives should also be notified.
I LOVE YOU ALL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HOPE U R DOING BEYOND AMAZING REMEMBER TO NEVER CHANGE WHO U R FOR ANYONE OR ANYTHING UR PERFECT JUST THE WAY U R LOVE YA MAH BABIES!!!!!!
Answer:
awww thank you sooo much <3
Explanation:
If inflation is 4% a year compounded annually, what will it cost
in 10years to buy a house currently values at 75,000
In 10 years, it will cost approximately $109,357.67 to buy a house that is currently valued at $75,000.
To calculate the future cost of the house considering a 4% annual inflation rate compounded annually, we can use the formula for compound interest: Future Value = Present Value * (1 + Interest Rate)^Number of Periods.
Plugging in the values, we have:
Future Value = $75,000 * (1 + 0.04)^10 = $109,357.67.
This calculation takes into account the compounding effect of inflation over the 10-year period. It assumes that the inflation rate remains constant at 4% per year. Therefore, to purchase the house in 10 years, you should be prepared to have approximately $109,357.67.
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Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% bonds?
Answer:
From the graph, if you invest 10% in bonds and 90% in stocks, the range of potential return is given as +49.8% to -39.0% with a average of 9.9% whereas if investment is made by 10% in stocks and 90% in bonds, then the range of annual returns would become +31.2% to -8.2% with a average of 6%. Therefore, as the investment in stocks increases the average annual returns also increase.
Explanation:
Hope this helps!
Benson, incorporated manufactures a single product and uses the plantwide overhead rate method. the company's plantwide overhead rate is $25 per machine-hour (mh) used. their single product uses 10,000 mh, has direct material cost per unit of $10.96 and direct labor cost of $3.84 per unit. the total overhead cost is expected to be:
Benson Inc. employs the plantwide overhead rate technique and produces a single product. A total of $250,000 is anticipated for overhead expenses.
The sum of a company's indirect operating expenses is known as its total overhead costs. These expenses are required for the operation of the business even if they are not directly connected to the creation of a particular item or service. Rent, utilities, insurance, administrative salaries, and office supplies are a few examples of overhead expenses.
Total overhead cost = Predetermined overhead cost × Actual machine hours used
= $25 × 10,000
= $250,000
The direct materials and direct labor per unit will be used to compute the overall production cost per unit.
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Which economic action would be most influenced by a change to the
discount rate?
O A. An individual is deciding whether to spend money or invest it.
O B. A business is deciding whether to hire additional employees.
C. A bank is deciding whether to borrow money from the
government
O D. An investor is deciding whether to purchase treasury securities.
Answer:
C. A bank is deciding whether to borrow money from the
government
Explanation:
The discount rate is the interest rate at which the Federal Reserve charges commercial banks and other financial institutions for loans it advances to them. Through the Federal Reserve, the government issues credit facilities to banks to cater to immediate cash flow requirements. For example, if a bank can not meet the reserve requirement for the day, it can borrow from banks with excess requirements. If it can't find another bank to borrow from, it approaches the Fed.
The interest rate that the Fed charge is the discount rate. It is usually higher than the inter-bank rates. If the discount rate is reduced, commercial banks may consider borrowing from the government through the Fed.
Answer:
c
Explanation:
A petroleum company is considering expansion of its one unloading facility at its
Australian refinery. Due to random variations in weather, loading delays, and other
factors, ships arriving at the refinery to unload crude oil arrive according to a Poisson
distribution with a rate of 15 ships per week. Service time is exponential with an
average service rate of 22 ships per week.
a) What are λ and μ?
b) What is the utilisation of the facility?
c) What is the average number of ships waiting to gain access to the single
unloading facility?
d) What is the average time a ship must wait before beginning to deliver its cargo
to the refinery?
e) What is the average total time (waiting plus delivery in the system) that a ship
spends at the refinery?
a) λ = 15 ships per week, μ = 22 ships per week.
b) Utilisation (ρ) = 0.682 or 68.2%.
c) Average number of ships waiting (Lq) ≈ 0.5 ships.
d) Average waiting time (Wq) ≈ 0.1 weeks.
e) Average total time at the refinery (W) ≈ 0.1 weeks.
a) λ represents the arrival rate, which is given as 15 ships per week. μ represents the service rate, which is given as 22 ships per week.
b) Utilisation (ρ) is calculated by dividing the arrival rate (λ) by the service rate (μ):
ρ = λ / μ = 15 / 22 ≈ 0.682 or 68.2%
c) The average number of ships waiting to gain access to the unloading facility can be calculated using the queuing theory formula for the average number of customers in the system:
Lq = (ρ²) / (1 - ρ) = (0.682^2) / (1 - 0.682) ≈ 0.495 or 0.5 ships (approximately)
d) The average waiting time (Wq) can be calculated using the queuing theory formula for the average waiting time in the queue:
Wq = ρ / (μ - λ) = 0.682 / (22 - 15) = 0.097 or 0.1 weeks (approximately)
e) The average total time a ship spends at the refinery (W) can be calculated by adding the average waiting time (Wq) to the average service time (1 / μ):
W = Wq + (1 / μ) = 0.097 + (1 / 22) ≈ 0.143 or 0.1 weeks (approximately)
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Checking account transactions are NOT reported to the credit bureaus and do not affect your credit score. Why is it still important to manage your checking account well?
Answer: Too see if anyone is stealing or charging extra fees
Explanation:
Bridgette wants to have $325,000 when she retires in a year. If she currently has $300,000 to put in a 1-year CD, which of these APRS and compounding periods will allow her to reach her goal?
A. An APR of 8.03% compounded quarterly
B. An APR of 8.11% compounded semiannually
C. An APR of 8.02% compounded monthly
D. An APR of 8.01% compounded daily
Answer:D
Explanation:
i just took quize lol
What are the four steps you can take if you are at risk of becoming unemployed
Answer:show up on time, accept overtime
Explanation:
Thus, the total interest earned on the float for six days would be $115,068 ($19178 x 6 days). 1. Would you recommend Ahi complete this transaction?
Thus, the total interest earned on the float for six days would be $115,068 ($19178 x 6 days). it is essential to assess the legitimacy and legality of the transaction. If the transaction is legal and complies with the relevant regulations and policies, then Ahi may consider proceeding with it.
To determine whether Ahi should complete this transaction, we need to consider the potential benefits and risks involved. The transaction involves earning interest on a float amount of $19,178 over a period of six days, resulting in a total interest earned of $115,068. On the surface, this seems like a lucrative opportunity to earn a significant amount of money in a short period of time. However, it is essential to assess the legitimacy and legality of the transaction. If the transaction is legal and complies with the relevant regulations and policies, then Ahi may consider proceeding with it. Ahi should consult with financial and legal experts to ensure compliance and mitigate any potential risks. It is also important to evaluate the potential risks associated with the transaction. These risks could include fraudulent activities, legal repercussions, or reputational damage. Ahi should thoroughly investigate the transaction, including the source and legitimacy of the funds, to ensure that it does not involve any illicit activities. Ultimately, the decision to proceed with the transaction should be based on a careful assessment of the legality, potential risks, and rewards. Ahi should seek professional advice and conduct due diligence to make an informed decision that aligns with their ethical and legal obligations.
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Jessica has just opened a shoe store. To operate her business, she orders her
shoes from a company. That company receives the shoes from a local
designer. What role does Jessica play in the distribution channel?
A. Jessica is a producer.
оо
B. Jessica is a wholesaler.
C. Jessica is a retailer.
O
D. Jessica is a storage provider.
Answer:
The answer is C
Explanation: Brainiest Would help! :D
Answer:
Answer: C Jessica is a retailer
Explanation:
RETAILERS are responsible for making goods convenient for consumers
to buy.
If you own a business that purchases other people's merchandise and sells
it in your shop you are known as a RETAILER.