Answer:
diversification
Explanation:
According to my research on ,different financial strategies I can say that based on the information provided within the question this is an example of diversification. This is the process of a business separating or varying it's range of products in their operations in order to reduce their risks in a certain market.
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Answer:
They will decrease as production decreases
Explanation:
Total Variable cost is sum of all the cost incurred in production of total units of goods produced. It is directly proportional to the number of units of goods produced. It helps to analyze cost structure of goods and then decide on pricing strategy of the goods. Some of the examples of variable cost can be packaging cost, raw material’s cost.
Mathematically it can be defined as
Total variable cost = Total units of goods produced * variable cost for one unit of good produced
Hence from the given option They will decrease as production decreases as the number of units of goods produced will decrease and hence lesser raw material and packaging will be required to produce the goods.
That statement is true
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