Answer:
Explanation:
GDP is gross domestic product and NDP is net domestic product.
GDP measures market value of total goods and services produced in a particular period of time.
NDP is net domestic product . In its calculation, we deduct the value of depreciation of capital goods produced from the value of GDP.
So
NDP = GDP - depreciation .
So growing gap between GDP and NDP reflects the increasing obsolescence of capital goods , which warrants replacement of capital goods .
OPTION A is correct.
The strategy that they would be implementing is niche differentiation. Niche differentiation is a strategy which applies to the field of ecology and term has a meaning (synonymous with niche segregation, niche separation and niche partitioning), which refers to the process by the competing species that is use in the environment differently that helps them to coexist.
Decisions are needed both for tackling the problems as well as for taking maximum advantages of the opportunities available. Correct decisions reduce complexities, uncertainties and diversities of the organisational environments.
Answer:
Unsought goods are goods that are not in demand either because consumers are not aware of them, or because they do not see an immediate need for them.
Explanation:
There are certain goods that <em>consumers are not aware of and as such, are not interested in purchasing</em>. These goods are called unsought goods. New products just entering the market are examples of unsought goods and awareness for such products can be generated through advertising and extensive marketing.
In some cases, <em>consumers are aware of unsought goods but are not interested in buying them at the moment as they do not have immediate benefits</em>. An example of such is accident insurance.
Answer:
July 1, 2017
No journal entry required because no money or goods have been exchanged.
September 1, 2017
Dr Cash 2,040
Dr Accounts receivable 400
Cr Sales revenue 1,621.37
Cr Unearned revenue 418.63
sales revenue = [$2,040 / ($2,040 + $630)] x $2,440 = $1,621.37
unearned revenue = $2,040 - $1,621.37 = $418.63
September 1, 2017
Dr Cost of goods sold 1,130
Cr Inventory 1,130
October 15, 2017
Dr Cash 400
Dr Unearned revenue 418.63
Cr Accounts receivable 400
Cr Sales revenue 418.63
