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Tanzania [10]
1 year ago
7

A product ________ is a group of products linked through usage, customer profile, price points, and distribution channels.

Business
1 answer:
S_A_V [24]1 year ago
6 0

 A product <u>Line</u> is a group of products linked through usage, profile, price points, customer and distribution channels.

The correct fill in the blank to this question is product line.

A group of products linked through usage, customer profile, price points, and distribution channels is known as a<u> Product line</u>. The products are identical and focus on the same market . Their function or channel distribution might be similar. Possibly their physical attributes, prices, quality, or type of customers are the same. We call this sort of activity as product lining.

Product line is basically a group of related products all marketed under a single brand name that is sold by the same company. Companies sell multiple product lines under their various brand names, the basic purpose is to distinguish them from each other for better usability for consumers.

Product line pricing involves the separation of goods and services into cost price categories in order to create different perceived quality levels in the minds of consumers.

Product lines are usually part of a marketing strategy. Companies keep introducing more products to attract buyers. Specifically, they want to attract  those buyers who are already familiar with their brand.

You can learn more about product line at

brainly.com/question/14308690

#SPJ4

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Last year, Natalie submitted her idea for a redesigned bicycle seat on the Fast Flyers Bikes website. She learned this week that
Tems11 [23]

Answer:

microblogging

Explanation:

Natalie has submitted her idea in a website. Her idea was supported by greater number of people. Natalie did not expected that her idea would gain such significance and will be voted as winning.

4 0
3 years ago
26. Which of the following best describes an entrepreneur? A) a person who forms and operates a business B) a person who invests
scoundrel [369]

Answer:

A) a person who forms and operates a business

Explanation:

An entrepreneur is a person who forms and operates a business. An entrepreneur is one of the factors of production. Other factors include land, labour and capital.

An entrepreneur takes up the financial risk of a business.

An entrepreneur earns profit or loss.

A shareholder is a person who invests in an existing business

A bondholder is a person who lends capital to a new business

I hope my answer helps you.

3 0
3 years ago
Beech Manufacturing makes expanded and is now making two products: Standard and Deluxe. Each Standard model takes 1.5 machine ho
Talja [164]

Answer:

Beech Manufacturing

The utilities flexible budget for July is:

= $1,225

Explanation:

a) Data and Calculations:

Utility rate per machine hour = $0.35

                                              Standard      Deluxe      Total

Predicted production                1,100             770      1,870

Expected machine hours        1,650          3,080     4,730

Units produced                       1,200             850     2,050

Standard machine hour/unit      1.5                 2

Budgeted machine hours

(flexible budget)                    1,800           1,700     3,500

Actual machine hours used                                    3,400

Utilities Static Budget = $1,655.50 (4,730 * $0.35)

Utilities Flexible Budget = $1,225 (3,500 * $0.35)

Utilities Actual Budget = $1,190 (3,400 * $0.35)

6 0
3 years ago
Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order cost system. The following data summarize
Nutka1998 [239]

Question Completion:

Journalize the entries to record the summarized operations.

Answer:

Royal Technology Company

Journal Entries:

Debit Materials $496,110

Credit Accounts Payable $496,110

To record the purchase of materials on account.

Debit Work in Process $362,560

Debit Factory Overhead $54,170

Credit Materials $416,730

To record materials requisitioned for production and general factory use.

Debit Work in Process $413,900

Debit Factory Overhead $97,090

Credit Factory labor $510,990

To record factory labor used in production.

Debit Factory Overhead $119,070

Debit Selling Expenses $183,560

Debit Administrative Expenses $109,140

Credit Accounts Payable $411,770

To record costs incurred on account.

Debit Factory Overhead $22,820

Debit Selling Expenses $19,350

Debit Administrative Expense $13,890

Credit Prepaid Expenses $56,060

To record expired prepaid expenses.

Debit Factory Overhead $22,820

Debit Depreciation Expense - Office Equipment $33,740

Debit Depreciation Expense - Office Building $66,480

Credit Depreciation Expenses $123,040

To allocate depreciation expenses.

Debit Work in Process $282,780

Credit Factory Overhead $282,780

To record overhead costs applied to jobs.

Debit Finished Goods Inventory $654,870

Credit Work in Process $654,870

To transfer completed jobs to the finished goods inventory.

Debit Cost of Goods Sold $635,020

Credit Finished Goods Inventory $635,020

To record the cost of goods sold.

Explanation:

Journal entries are made when a transaction is initially recorded.  They show the accounts to be debited and the ones to be credited.

4 0
3 years ago
On January 1, 2016, Miller Corporation had retained earnings of $8,000,000. During 2016, Miller reported net income of $1,500,00
Papessa [141]

Answer:

Miller's retained earnings on December 31, 2016 is $9,000,000.

Explanation:

Miller's retained earnings on 31 December 2016 = retained earnings on January 1, 2016 + net income - declared dividends

= $8,000,000 + $1,500,000 - $500,000

= $ 9,000,000

Therefore, Miller's retained earnings on December 31, 2016 is $9,000,000.

4 0
3 years ago
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