Warren's Ice Cream makes 4 different flavors of ice cream using their secret process and top secret recipes. Each of their flavors is equally popular and experiences a demand of 5,000 gallons/year. Warren's process is capable of producing 100 gallons/day once they incur the $25 setup cost. The ice cream holding cost is 10% of the $5 per gallon price. Warren's plant runs 250 days a year and stays busy doing so but management feels they can add another flavor to their product line and increase their revenue. Which of the following statements is appropriate for this scenario? a) Warren's can comfortably add a fifth flavor without increasing the number of days they operate.
b) Warren's can add the fifth flavor only if there is zero setup time between flavors.
c) Warren's cannot add the fifth flavor because demand would exceed capacity.
d) Warren's cannot add the fifth flavor because the holding cost would increase.

Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified

Sole proprietorships produce more goods and services than does any other form of business organization.

Consider the market for gas-powered small cars. assume gas-powered small cars are a normal good. for each of the following events, identify which of the determinants of demand or supply are affected. if demand is unaffected by this event because it creates only a supply change, select the “none” option under the “demand determinant” column. similarly, if supply is unaffected by this event because it creates only a demand change, select the “none” option under the “supply determinant” column. event demand determinant supply determinant people decide to have more children. the price of electric small cars falls. the discovery of a new source of iron ore lowers steel prices. an economic recession lowers people’s wealth. a number of major car dealers decide to switch from selling gas-powered cars to selling electric cars. show the effect of the following event on the market for gas-powered small cars: people decide to have more children for each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.