After a customer has purchased a refrigerator, he is offered free delivery, installation, financing, and warranty, this is known as the “Augmented Product”.
<h3>What is an Augmented product?</h3>
An augmented product contains extra features or services added by its seller to distinguish it from comparable goods offered by rival businesses. A product can be improved by including additional, non-physically present features or advantages.
Free delivery and in-home service installation are two aspects that are used to build better items. Cosmetics businesses routinely offer free makeovers and travel-size samples to market their goods.
<h3>What is a product?</h3>
A product is an item that can be offered for sale.
<h3>Who is the customer?</h3>
A customer buys the product to consume.
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The red flags that help an organization to assess if it needs to clarify or reinforce its values includes:
- when top leaders send mixed messages about what is important
- when different individuals and subgroups have fundamentally
- when the organization has values but does not practice them .
<h3>What is a
red flag?</h3>
It refers to a warning or indicator that is suggesting that there is a potential problem or threat with a company's stock, financial statements, news reports etc. It may be any undesirable characteristic that stands out to an analyst or investor.
Hence, in this case a red flag has occurred when members lack understanding about how they should behave as they attempt to meet goals, when different individuals and groups have different value systems, when top leaders send mixed messages about what is important, when day-to-day life is disorganized, when members complain about the organization and when organization has values but does not practice them.
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Answer:
Fixed overhead spending variance $
Budgeted fixed overhead cost (12,000 hrs x $2) 24,000
Less: Actual fixed overhead cost <u>26,000</u>
Fixed overhead spending variance <u> 2,000(A)</u>
Explanation:
In this case, we need to calculate the standard fixed overhead application rate, which is the ratio of Budgeted fixed overhead cost to budgeted direct labour hours (normal capacity). Fixed overhead spending variance is the difference between budgeted fixed overhead cost and actual fixed overhead cost. Budgeted fixed overhead cost is budgeted hours multiplied by standard fixed overhead application rate.
<span>The four major variables would be: geographic, demographic, psycho graphic, and behavioral. Hope this helps, good luck. </span>
