What is the full question?? :)
Available options are:
A) Cost principle.
B) Principle of the business entity.
C) Objectivity principle.
D) Going-concern assumption
Answer:
Option A Cost Principle
Explanation:
The cost principle says that the asset must be recorded at the amount that it costs in past to company. However IAS 16 Property, Plant & Equipment says that the land must not be depreciated because the life of the land is unlimited. Furthermore, revaluing asset is against the cost principle because it increases its value above the past cost of the asset. Hence the correct option here is cost principle.
Market<u> segmentation</u> involves aggregating prospective buyers into groups, or segments, that have common needs and will respond similarly to a marketing action.
In the field of business, market segmentation can be described as a business strategy where the business owner focuses on making those products that target a particular audience.
Market segmentation involves understanding of the needs and products that will be required by a focused group of people. After evaluating their needs, the products are made in accordance to fit their needs.
By market segmentation, you tend to divide your focus to a certain group of customers or prospective buyers and design your product in accordance with their needs.
To learn more about market segmentation, click here:
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The MRP of this additional work is "$36".
<span>labor increases total output from = 72 to 78 units
= 78 - 72 = 6
</span><span>$6 per unit in a purely competitive market
MRP = 6 x 6 = $36</span>