Answer:
The correc answer is A) need identification.
Explanation:
This stage emphasizes the development of a vision for the project, which begins in the recognition of a need, a problem, or an opportunity to improve existing conditions, therefore, before preparing any proposal, it is necessary that first The problem or need of the company is clearly defined.
In case these are several needs but the funds and personnel available to carry out the projects that meet the requirements of the company are limited, then the company is forced to go through a decision-making process in which it will have to select those needs that when satisfied give a global result.
An upfront cost is the amount of money owed at the start of a transaction or business engagement.
<h3>Why Is Understanding Upfront Costs Important?</h3>
A prospective homeowner can confidently choose a piece of property that is appropriate for their financial condition by thoroughly comprehending upfront fees as well as ongoing costs such as monthly mortgage payments and property taxes.
Because house ownership expenses exceed the reported purchase price, a good real estate agent will walk their client through the various amounts they will owe to ensure that the buyer is not caught off guard by significant upfront costs.
Thus When comparing up-front costs, buying is more advantageous than leasing which is more costly.
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Answer:
Total unit cost= $736.5
Explanation:
Giving the following information:
Units in beginning inventory 0
Units produced 20,000
Units sold 17,000
Units in ending inventory 3,000
Variable costs per unit:
Direct materials $160
Direct labor $470
Variable manufacturing overhead $58
Variable selling and administrative$25
Fixed costs:
Fixed manufacturing overhead $970,000
Fixed selling and administrative $570,000
Absorption costing:
Variable direct material= 160
Direct labor= 470
Variable manufacturing overhead= 58
Fixed MOH= 970000/20000= 48.5
Total unit cost= $736.5
Answer:
increase; export the good.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Once international trade occurs, a country with a comparative advantage in the production of a good will increase production of the good and export the good.
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.