Mass production and the concept of interchangeable parts prompted greater development during the Industrial Revolution. a. True
b. False

Answers

Answer 1

Answer: The right answer for the question that is being asked and shown above is that: "TRUE." Mass production and the concept of interchangeable parts prompted greater development during the Industrial Revolution.

Related Questions

Municipal bonds are issued by ____.a. the federal government b. major corporations c. state, county, and city governments d. small start-up companies
Some major considerations when deciding on housing are needs and _________.A. budgetB. transportationC. utilitiesD. insurance
Abbey Co. sold merchandise to Gomez Co. on account, $25,700, terms 2/15, net 45. The cost of the goods sold was $14,731. Abbey Co. issued a credit memo for $3,100 for merchandise returned that originally cost $1,458. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions?
How does the expenditure approach calculate GDP?a. It adds up all the incomes in the economy. b. It adds up the value of four groups of final goods and services. c. It adds up the value of business goods and services. d. It adds up the value of consumer goods and services
Which are the roles of a bank? Check all that apply.

1. Who does a retail company sell products to? Wholesalers / Manufacturers / End consumers/ Producers 2. Staple goods and impulse goods are examples of which type of consumer good?Specialty / Convenience / Unsought Shopping 3. An improvement that makes a product satisfy its purpose better is an improvement to the product's ____________ utility. Information / Place / Possession / Form

Answers

The right answer for the question that is being asked and shown above is that: "End consumers" a retail company sell products to the End consumers

The right answer for the question that is being asked and shown above is that: "Convenience " Staple goods and impulse goods are examples of Convenience

The right answer for the question that is being asked and shown above is that: "Information " An improvement that makes a product satisfy its purpose better is an improvement to the product's Information

Answer:

A retail company sell products to End consumers
Staple goods and impulse goods are examples of Convenience consumer good
An improvement that makes a product satisfy its purpose better is an improvement to the products information utility

Explanation:

Retail companies are companies that acts like the last man on the supply chain of the demand and supply network in the open market. and they sell to End consumers, the staple goods and impulse goods are mostly been handled by retailers because they are everyday needs of man and the retailers are the closest to the consumers. product information helps the consumer to make maximum use of the product

Why do price discrimination and the existence of slightly different variants of the same product tend to go hand in hand? By introducing slightly different variants of the product, firms that price discriminate are able to

Answers

Options:

Separate buyers based on their income.

Separate buyers based on their willingness to pay.

Lower their profit.

Lower the marginal cost of producing an additional unit of output.

Answer:Lower the marginal cost of producing an additional unit of output.

Explanation:Price discrimination is a pricing strategy that gives different prices for the same kind of product. Price discrimination can be classified as first degree(charging of a different price for every unit consumed),second degree(involves charging different prices for different Quantity purchased) and third degree(charging of a different price to different consumer groups).

Through price discrimination, firms are able to make additional variants of the same product in order to Lower the marginal cost of producing an additional unit of output.

Final answer:

Price discrimination and the existence of slightly different variants of the same product go hand in hand because offering product variants allows firms to differentiate their offerings and justify varying prices based on consumer preferences and willingness to pay.

Explanation:

In economics, price discrimination refers to the practice of charging different prices for the same product or service to different groups of consumers. When firms engage in price discrimination, they often introduce slightly different variants or versions of the product in order to justify the price differences. This is because offering different variants allows firms to differentiate the products and create the perception of added value, which justifies the varying prices.

For example, a company may offer a basic version of a product at a lower price point, and a premium version with additional features at a higher price. By doing so, the company can target different segments of consumers based on their willingness to pay, maximizing their profits through price discrimination.

Overall, the existence of slightly different variants of the same product and price discrimination tend to go hand in hand because offering product variants is a strategy that enables firms to differentiate their offerings and capture different segments of the market at different price points.

Learn more about Price discrimination and product variants here:

brainly.com/question/15024553

#SPJ12

A loan officer will use _____ to determine if you will be approved for a loan the four Cs of lending the formula, P x (J / (1 – (1 + J)N)) debt-to-income ratio a lease

Answers

A loan officer will use Debt-to-income ratio to determine if you will be approved for a loan.

Debt-to-income ratio measures the debt percentages of your total income. This information could be used by the loan officer to determine your debt-paying capabilities and credit score

The four Cs of lending, for sure.

For a segmentation strategy to be successful, the customers in the segment must react similarly and positively to a firm's offering, corresponding to which of the following criteria for evaluating segment attractiveness?

Answers

I had to look for the options and here is my answer:

Segmentation strategies are divided into five categories: behavior, benefit, demographic, geographic and psychographic. These strategies aims for the population or market subdivision. For the strategy to become successful, the ability of the customers to positively react to the firm's offering is being responsive.

Which statement is true? A. Emergency managers only need to be concerned with cross-cultural communication.
B. Communication is not affected by geographic area of the country.
C. Gestures that Americans take for granted can be offensive to others.
D. All people who live in the United States communicate in the same way.

Answers

I think it can be the "D"

The production function is Select one: a. influenced by the productivity of workers. b. the marginal revenue produce minus the wage rate paid to workers. c. the increase in the amount of output from an additional unit of labor. d. All of the above are correct.