Cost information is a key to decision making in management, budgeting, and planning. Providing the right knowledge based on the organizational experiences that had been done to help businesses and keep themselves from having bad financial decisions in the future. It provides an organized approach in operations for efficient time management and productivity, shorter methods and good financial management.
Answer:
Positioning
Explanation:
Positioning is the most important part for every organization as every organization wants to build its image in the market with the help of introducing a new product in the market so that the sale of the company could increase and there is no competition also the company try to make efforts to capture the maximum share in the marketplace
So according to the given scenario, the positioning is the most appropriate option
Answer: Market segment
Explanation: A market segment can be defined as group of potential customers of an organization. Such grouping is done by the organization on the basis of similar preferences of individuals. The organisations in the market do this to ensure their target market, so that they can enforce their marketing strategy in such markets.
In the given case, coffee collective is trying to identify customers that have a certain preference. Hence we can conclude that coffee collective is determining its market segment.
Answer:
Neoclassic economists believe that both wages and prices are sticky (hard to change) only int he short run. In the long run, both prices and wages will adjust to new economic conditions.
In this particular case, neoclassic economists will predict that even though wages are starting to rise, in the long run the equilibrium wage will be higher.
Long run and short run are economic concepts that do not refer to a given time period, e.g. long term in accounting means more than 1 year, but long run in economics may take years to come.
Long run refers to the amount of time it takes for an economic variable to adjust to economic changes.
If Canada's increase in labor costs is paired with an increase in productivity (usually new technologies), then the economy should be able to grow since private consumption and investment will increase due to higher wages.
Explanation: