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1 year ago

consumer advocates, government agencies, and other critics have accused marketing of harming consumers through

1 answer:

5 0

Consumer advocates, government agencies, and other critics have accused marketing of harming consumers through planned obsolescence.

Planned obsolescence is a business strategy in which a product's obsolescence—the process of becoming out-of-date or unusable—is anticipated and built into it from the manufacturer's perspective.

Although the phrase "planned obsolescence" didn't become widely used until the 1950s, consumerist society had already adopted the tactic by then. Planned obsolescence still persists today in many different ways, from subtle to overt.

Planned Obsolescence & End of Life: Bad for the Environment and Your Budget One of those overused corporate strategy terms is "planned obsolescence." It essentially shows how things can be created to be ineffective, outmoded, or obsolete. The buyer will nearly always purchase something new as a result.

Learn more about planned obsolescence here

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Costs that are incurred as part of the manufacturing process but are not clearly associated with specific units of product or ba

tensa zangetsu [6.8K]

Answer:

These costs are called overhead cost.

Explanation:

Costs that are incurred as part of the manufacturing process but are not clearly associated with specific units of product or batches of production, including all manufacturing costs other than direct material and direct labor costs, are called overhead cost. These costs can not be associated with specific product so they are allocated to product cost based on estimation.

These cost include accounting fees, advertising, depreciation expense insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities

These costs are futher divided in two categories that is variable overhead cost and fixed overhead cost.

3 0

3 years ago

Identify the type of business writing for each description.

Westkost [7]

There are four types of businesses organisation. Sole trader is owned by one person and he makes all the decisions, and earns profit and bears the loss himself. A partnership is owned by 2 or more people and they help each other. The profit and loss is divided between them.

4 0

2 years ago

........................

diamong [38]

I think it is D ...... sorry if it is wrong .-.

7 0

3 years ago

In taking a physical inventory at the end of Year 1, Grant Company forgot to count certain units and understated ending inventor

Rina8888 [55]

Answer:

a. Overstates Year 1 cost of goods sold.

b. Understates Year 1 net income

c. Understates Year 2 cost of goods sold

Explanation:

a. The formula for Calculating the Cost of Goods sold is;

Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.

If the closing inventory is understated, it will reduced the amount being subtracted from Purchases and Opening inventory which would means that Cost of Goods sold will be overstated.

b. The Cost of goods sold is deducted from sales to give Gross profit. If Cost of goods is overstated, it will reduce Gross Profit higher than it should. A lower Gross Profit equates to a lower Net Income.

c. Going by the formula in a;

Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.

In Year 2, the understated Year 1 closing stock will become the understated Year 2 Opening stock. With the opening stock understated, the Cost of goods will be understated as well because Opening stock is meant to increase Cost of goods sold as the formula shows. If it is understated, the amount that it will add will be understated as well.

4 0

3 years ago

2. An entrepreneur must make sure to budget carefully since they oversee their own company's finances.

Fynjy0 [20]

Answer:

True .....this is because the entrepreneur is the risk bearer of the business...he is liable for any profit/loss.

8 0

3 years ago