Answer:
Diversification
Explanation:
Diversification is a type of growth strategy that has the goal of broaden the type of products that a company offeres.
FAW Group is engaging in a diversification strategy, because it is opting to produce a luxury car, which is not typical of the company, because it specializes in low-priced, reliable cars. The goal of this strategy is to reach the higher-income people who seek luxury over cost or realibility.
Answer: Planet Paul understands even though it cost a little more, the stakeholder considerations are important if one want their business to thrive.
Explanation:
The value of stakeholders to organizations cannot be underappreciated. Stakeholders are the individuals that are interested in ones company and gives ones business both financial and practical support.
Stakeholders include investors, employees, loyal customers etc. Based on the above question, Planet Paul understands even though it cost a little more, the stakeholder considerations are important if one want their business to succeed.
Whats the Whole Question?
Answer:
Variable overheads efficiency variance = $13,040 favorable
Explanation:
<em>Variable overheads efficiency variance is the difference between the standard hours of actual output and actual hours valued at the standard variable overhead rate per hour </em>
Hours
5,900munits should have taken (5,900× 0.9) 5,310
but did take <u> 2050 </u>
efficiency variance in hours 3,260 favorable
Standard rate per hour <u> $4.00 </u>
Variable overheads efficiency variance <u> 13,040 favorable </u>
Variable overheads efficiency variance = $13,040 favorable
