Which of the Following Events Would Cause a Movement Upward

question 42

Multiple Choice

Which of the following events would cause a movement upward and to the right along the supply curve for mangos?

• A)The number of sellers of mangos increases.
• B)There is an advance in technology that reduces the cost of producing mangos.
• C)The price of fertilizer decreases,and fertilizer is an input in the production of mangos.
• D)The price of mangos rises.

Identify the trend and importance of private-label brands in retail.

Realize the role of brands in differentiating products and firms.

Acknowledge the cost-benefit of loyal customers to businesses.

Grasp the extended product concept beyond its physical form.

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Definitions:

Cash Conversion Cycle

A metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Payables Deferral Period

The amount of time a company takes to pay off its suppliers after receiving goods or services, affecting its cash flow.

Daily Sales

The total revenue or amount of goods and services sold by a business within a single day.

Free Cash Flow

The amount of cash generated by a business after accounting for capital expenditures needed to maintain or expand the asset base.