When the exchange rate (dollars per pound) decreases, the
a. quantity of pounds demanded decreases.
b. quantity of pounds demanded decreases.
c. demand curve for pounds shifts rightward.
d. demand curve for pounds shifts leftward.
b. quantity of pounds demanded decreases.
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The owner of a pet grooming salon wants to calculate customer equity. Which of the following would be a step the owner of this pet grooming salon should complete?
A) Compare investments made by the salon owner in acquiring the customer to the total amount of purchases made by the customer. B) Compare investments made by the salon owner to retain this customer to the total amount of taxes the salon owner pays. C) Ask the customer if she is planning on getting any new pets. D) Investigate how many other pet grooming salons are within five miles to determine the likelihood of this pet owner returning to this salon. E) Determine the age of the pet to estimate how much longer this customer may need the services of the salon.
Assets are economic resources with the potential to provide future economic benefits to a firm
Indicate whether the statement is true or false
When buying a franchise, _____.
A. the first-year failure rate is very high B. the initial purchase price can be steep C. it can be hard to get credit from suppliers D. it takes sheer sweat equity to build a customer base
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year:MonthUtilities Machine HoursJanuary$8,700 800 February 8,360 720 March 8,950 810 April 9,360 920 May 9,625 950 June 9,150 900 The variable utilities cost per machine hour for Barkoff is:
A. $4.50. B. $5.00. C. $5.50. D. $0.18. E. None of the answers is correct.