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Blababa [14]
2 years ago
8

The product market is the place where _______. Multiple choice question. businesses sell resources and households buy resources

businesses sell resources and households sell goods and services businesses sell goods and services and households buy goods and services businesses sell resources and households buy goods and services
Business
1 answer:
Vadim26 [7]2 years ago
3 0

The product market refers to the place where: C. businesses sell goods and services and households buy goods and services.

<h3>What is a product market?</h3>

A product market can be defined as any place where business firms (organizations) make their goods and services available for purchase by households (consumers).

This ultimately implies that, a product market refers to the place where various business firms sell their goods and services and households buy these goods and services.

Read more on products here: brainly.com/question/14308690

#SPJ1

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Manufacturing uses normal costing for its​ job-costing system, which has two​ direct-cost categories​ (direct materials and dire
Anvisha [2.4K]

Answer:

Results are below.

Explanation:

Giving the following information:

Total manufacturing costs, $8,450,000

Manufacturing overhead allocated, $3,750,000 (allocated at a rate of 250% of direct manufacturing labor costs)

Work-in-process inventory on January 1, 2017, $390,000

Cost of finished goods manufactured, $8,020,000

<u>First, we need to calculate the direct material and direct labor:</u>

Direct labor= Manufacturing overhead allocated/2.5

Direct labor=  3,375,000 / 2.5

Direct labor= $1,350,000

Total manufacturing costs= Direct material + direct labor + allocated overhead

8,450,000= Direct material + 1,350,000 + 3,375,000

Direct material= $3,725,000

<u>Finally, the ending work-in-process:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

8,020,000= 390,000 + 8,450,000 - Ending WIP

Ending WIP= $820,000

3 0
2 years ago
When researching a specific employer, what information should you be looking for?
SashulF [63]

Answer:

When researching a specific job What information should you be looking for?

7 Things to Research Before Any Job Interview

The skills and experience the company values. ...

Key players of the organization. ...

3. News and recent events about the employer. ...

The company's culture, mission, and values. ...

Clients, products, and services. ...

The inside scoop. ...

The person interviewing you.

Explanation:

8 0
3 years ago
Read 2 more answers
Sunny Pines campground, located in the Midwest, promotes the months of September and October as its value camping months. During
ikadub [295]

Answer:

The pricing tactic used by Sunny pines to encourage camping during the months of September and October is SEASONAL DISCOUNTS.

Explanation:

Seasonal discounts are also a type of discount where customers are offered  products and services at a reduced or lower price. Various business use this type of discount to boost the sale of their products and services. Sunny pines is also doing the same thing , they're offering seasonal discounts to customer for the month of September and October , when the weather is not favorable for camping, so by doing this they are trying to increase sale of their products and services in a time when usually there is not that much of customers available.

3 0
3 years ago
A new opportunity arises for Quixote Metal Supply just before the holidays. A Request for Proposals (RFP) is distributed by the
kvasek [131]

Answer:

The correct answer is The minority decision  theory.

Explanation:

In this case, a meeting should be held in order to consider the opinions of the people potentially involved in the new project, since they know aspects of the work and can give better feedback to the management of the company. Considering that only half of the workforce is working, the decision they make will be a minority one, since it only includes a part of the employees who must decide for everyone in general.

7 0
3 years ago
When new firms have an incentive to enter a competitive market, their entry will?
meriva
When new firms have an incentive to enter a competitive market, their entry will BRING DOWN PROFITS OF EXISTING FIRMS IN THE MARKET.
This is because, those customers who are patronizing the existing firms before will start patronizing the new firms.
5 0
3 years ago
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