Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 23, 2024

Venato is an executive for an iron ore quarry. He watches the steel market very closely as if the need for steel reduces so will

Venato is an executive for an iron ore quarry. He watches the steel market very closely as if the need for steel reduces so will the need for iron ore. They have what type of demand?Explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Venato is dealing with derived demand Derived demand occurs when the demand for one good is deriv... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Marketing A Marketing Strategy Planning Approach

Authors: William D. Perreault Jr., Joseph P. Cannon, E. Jerome McCarthy

19th edition

78028981, 978-0078028984

More Books

Students also viewed these Marketing questions

Question

★★★★★

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...

Answered: 1 week ago

Question

★★★★★

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★

The treatment ideology emphasizes the character of the individual offender when choosing the line of sanction. The neo-classicists place the main emphasis on the character of the crime. Both extreme...

Answered: 1 week ago

Question

★★★★★

On April 29, 2016, Auk Corporation acquires 100% of the outstanding stock of Amazon Corporation (E & P of $750,000) for $1.2 million. Amazon Corporation has assets with a fair market value of $1.4...

Answered: 1 week ago

Question

★★★★★

What is meant by random? Explain what a run is.

Answered: 1 week ago

Question

★★★★★

X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming the perpetual inventory system is used

Answered: 1 week ago

Question

★★★★★

1. Avoid long-winded statements or nagging.

Answered: 1 week ago

Question

★★★★★

The following data summarize the 2009 external debt (in millions of dollars) for seven countries. a. Assume that ÏY = 93,500. Calculate the standard error and interpret. b. Write a report...

Answered: 1 week ago

Question

★★★★★

Pick a reasonable annual salary for where you live and your desired career. Please include the city and state. As an independent person, your salary will be divided among many categories. Identify...

Answered: 1 week ago

Question

★★★★★

Find peak time, settling time, and percent overshoot for only those responses below that can be approximated as second-order responses. a. b. c. d. c(t) = 0.003500 0.001524e-4...

Answered: 1 week ago

Question

★★★★★

I do not know which part I did wrong. Could you help me how to complete it correctly, please? Problem 5 . 4 A ( Algo ) Preparing a worksheet and financial statements, journalizing adjusting entries,...

Answered: 1 week ago

Question

★★★★★

The Capacity Factor average for solar panels is 24.9%. This is approximately 6 hours per day of power production on average across the year. For a 100 MW (mega-watt) plant how much power (MWh,...

Answered: 1 week ago

Question

★★★★★

Use the link given, to complete the lab below. The link is, https://phet.colorado.edu/en/simulations/wave-interference Lab: 2-Point Interference 25 Purpose: To test the equations for 2-Point...

Answered: 1 week ago

Question

★★★★★

Zuma is deciding between a 3 0 year and 1 5 year mortgage. He plans to purchase a $ 4 0 0 , 0 0 0 and has decided to do a 2 0 % downpayment so he doesn't have PMI. He expects property taxes to be $ 3...

Answered: 1 week ago

Question

★★★★★

An ANOVA is run looking at the effect of water, sun, and water*sun on plant growth. Given the partial output below, what conclusion would you draw about the relationship of these variable(s) on plant...

Answered: 1 week ago

Question

★★★★★

Sta. Elena Winery sells 100,000 gallons of wine a year. It sells 10% of its wine in barrels, 60% in jugs, and 30% in 1-liter bottles. Its base selling price is $2 per gallon in barrels. The selling...

Answered: 1 week ago

Question

★★★★★

Question 3: (24 marks) c. The management of Mickey Forever is concerned about the increasing competition in the industry. They have acknowledged that customer relationship management is very...

Answered: 1 week ago

Question

★★★★★

Cable Corporation is 60% owned by Anna and 40% owned by Jim, who are unrelated. It has noncash assets, which it sells to an unrelated purchaser for $100,000 in cash and $900,000 in installment...

Answered: 1 week ago

Question

★★★★★

Why would a manufacturer offer a rebate instead of lowering the suggested list price?

Answered: 1 week ago

Question

★★★★★

Briefly describe your own beliefs about the potential value of low-energy compact fluorescent lightbulbs, your attitude toward them, and your intention about buying one the next time you need to...

Answered: 1 week ago

Question

★★★★★

As a community service, disc jockeys from radio station WMKT formed a basketball team to help raise money for local nonprofit organizations. The host organization finds or fields a competing team and...

Answered: 1 week ago

Question

★★★★★

9.37. Refer to Exercise 3.6 on page 61 of Chapter 3. Pose a research question relating to the association between the percentage ofscats in parliament held by women and female economic activity....

Answered: 1 week ago

Question

★★★★★

9.33. For the data for OECD nations in Table 3.11 on page 62, use software to construct a scatterplot relating y = carbon dioxide emissions and x = GDP. (a) Based on this plot, identify a point that...

Answered: 1 week ago

Question

★★★★★

9.22. In the UN Human Development Report, one variable measured was x = percentage of adults who use contraceptive methods. Table 9.11 shows part of a printout for a regression analysis using y =...

Answered: 1 week ago

Previous Question Next Question