Answer: Concentrated strategy
Explanation: In simple words, concentrated strategy refers to the strategy in which the organisation places its limited resources to a particular area and works to place their dominance in that area.
In the given case, The organisation is selecting a single primary market as their target.
Thus, we can conclude that they are using concentrated strategy.
All of them are the non-manufacturing business where process costing would most likely be used.
Explanation:
- All are non-manufacturing business which are as follows,
- An auto body shop.
- A furniture repair shop.
- A laboratory that tests water samples for lead A tailoring shop.
- A beauty shop.
- Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
- Non-manufacturing costs includes,
- selling expenses
- general expenses
- Selling Expenses
- It is also called as selling and distribution expenses.
- Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.
When there is a price floor in the market, this usually means that the sellers of the good or service outnumber the buyers.
<h3>What is a price floor?</h3>
- It refers to an amount that the price of a good is not allowed to fall below.
- It is imposed by the government to prevent market failure.
The reason the price might fall so low that a price floor would be implemented is that there are more suppliers in the market than consumers. The price will therefore fall according to the Law of Demand.
In conclusion, option D is correct.
Find out more on the law of demand at brainly.com/question/1078785.
If an accrual is for an expense, the adjusting entry debits and asset expense account and credit a liabilty.
<h3> What is an accrued expense?</h3>
Accrued expenses are expenses that are recorded as account payable under the current liabilities section and it is recorded as an expense in the income statement of a company or individual balance sheet.
Example of accrual accounts is accounts payable and receivable, and future interest expense.
Therefore, If an accrual is for an expense, the adjusting entry debits and asset expense account and credit a liabilty.
Learn more on accrued expenses from
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Answer:
This is widely considered to be a benefit of starting your own business and is also a factor for motivation
