Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.
<h3>What is Phased retirement ?</h3>
- A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.
- Employers may be able to better manage or even lower payroll costs during the transition by utilizing phased retirement.
- This plan enables the retiree to work less hours, often switching from full to part-time, and uses less payroll funds.
- It is completely optional and requires the agreement of both the employee and the hiring organization.
- An employee must have worked three years straight at a full-time job in order to be eligible to participate.
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Answer:
C. 534 units
Explanation:
The formula to compute the break-even point is shown below:
= (Fixed cost) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $3 - $0.75
= $2.25
So, the break-even point would be
= $1,201 ÷ $2.25 per unit
= 534 units
Simply we divide the fixed cost by the contribution margin per unit so that the accurate units can come.
Answer:
<u>Market development.</u>
Explanation:
Market development strategy refers to a strategy used by organizations wishing to expand in the market by identifying and developing new market segments for their product, ie the focus is on gaining new uses and potential new customers. for your products.
For this to be a successful strategy, the marketing manager must consider whether there is a need for product modification or new product insertion, and if there are enough research efforts on sales channel and customer behavior so that This strategy meets the expectations of increased efficiency, market expansion and profitability.
Answer:
the target selling price is $76.70
Explanation:
The computation of the target selling price is shown below:
= Total cost + 1 × markup percentage
= ($17 + $6 + $3 + $19 + $1 + $13) × (1.30)
= $76.70
hence, the target selling price is $76.70
We simply applied the above formula so that the target selling price could be determined
Technology advancement. Technology advancement opens up more doors for cashless payments and online banking etc.
