When a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its: <em>potential customers/market target.</em>
Every product has a specific group of people that share similar characteristics that it can meet their needs. The unique needs of that group of people is what companies and producers focus on to exploit in creating product and marketing strategy for.
Such unique group of people constitute the market target or potential customers for such product.
Therefore, when a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its potential customers/market target.
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Answer:
well in society today as corona virus grows so do prices which makes it harder for people to buy things they used to. Companies are starting to shut down do to people not being able to buy anything or not being able to afford things or the product is bad. Do to all of this companies are failing tho some are using this to their advantage and are thriving.
Explanation:
hope this helps
Because the company does not lists the ingredient in the product, then, this is an example of violation to <u>disclosure </u>aspect of consumer protection laws.
<h3>What is consumer protection laws?</h3>
The Consumer protection law includes different legislation which intended to prevent businesses owners from engaging in fraud or reducing quality of product.
One of the Consumer protection law makes its necessary for the manufacturer to disclose the full ingredient they use in producing the product.
In conclusion, the scenario is an example of violation to <u>disclosure </u>aspect of consumer protection laws.
Therefore, the Option B is correct.
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Answer:
Last In First Out (LIFO)
Explanation:
The cost flow assumption of the last-in, first-out (LIFO) allocates the cost of goods available for sale between the end of inventory and the cost of goods sold on the assumption that the most recent purchases (the last in) are the first ones sold (the first out).
Therefore, LIFO methods give the most recent cost of purchase.
Answer:
$60,000
Explanation:
The amount of overheads which shall be allocated to the three projects shall be determined using the following mentioned formula:
Overhead amount=overhead rate* direct labor costs
In the given question
overhead rate=60%
direct labor costs=$100,000
Overhead amount=60%*100,000
=$60,000