Answer: market development
Explanation: In simple words, market development refers to a strategy under which an organisation tries to identify and develop a new market for gaining an absolute competitive advantage.
In the given case, Alfredo 's pizza has been realizing that the population of senior citizens has been increasing. Therefore they start making products as per the needs of their new customer base.
Hence from the above we can conclude that the company is using market development strategy for their growth.
Answer:
Inflation lowers the standard of living for people whose income does not increase as fast as the price level. Real GDP measures the: value of final goods and services produced within the borders of a country, corrected for price changes.
Answer:
Cost per equivalent unit of materials=20 per unit
Cost per equivalent unit of conversion=50 per unit
Explanation:
The cost of direct materials in Mountain spring water company is $672,000
The conversion cost for that period in the bottling company is $365,000
The total equivalent unit for direct materials is 33,600 liters
The total equivalent unit for conversion is 7,300 liters
The cost per equivalent unit of materials can be calculated as follows
= Cost of direct materials/total equivalent unit for direct materials
= $672,000/33,600 liters
= 20 per unit
The cost per equivalent unit of conversion can be calculated as follows
= Conversion cost/total equivalent unit of conversion
= $365,000/7,300liters
= 50 per unit
Hence the cost per equivalent unit of materials is 20 per unit and the cost per equivalent unit of conversion is 50 per unit.
Answer:
1 and 3 or A and C
Explanation:
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Answer:
a. Yes, the company was profitable as it is evidence by the positive net profit margin.
b. Yes, increase in asset turnover increases shows that the operating assets generate higher amount of sales than the last year.
Explanation:
a. Net Profit margin is the percentage (%) of the revenue remaining after all the expenses are subtracted from the sales. It states the amount of profit which a business could extract from the aggregate sales.
Yes, the company is profitable in the year 2015 as the business has positive net profit margin and it is also evidenced.
b. Assets turnover ratio is the one which measures the efficiency of the company or the business and its ability to generate the sales from the assets through comparing the net sales with the average aggregate assets.
Yes, the increase (last year it was 1.29, but now it increases from 1.29 to 1.42) states that the operating assets will generate higher amount of sales from the last year.