Answer:
A. Generating, refining, and evaluating potential marketing actions.
Explanation:
Marketing research are the processes that are used to connect consumers and manufacturers to marketers. Infornation is used to generate, refine, and evaluate potential marketing actions. It is used to evaluate marketing mix and how changes affects the consumer's behaviour.
General Mills used marketing research to identify ways to grow the brand, promote it, and evaluated plans to market it. Due to increased demand for organic and natural foods.
This is use of generating, refining, and evaluating potential marketing actions.
Answer:
44,780 units
Explanation:
When a company uses the weighted average method in its process costing system, the beginning inventory nor the units transferred in are included in the calculations for equivalent units. Only units transferred out and ending inventory are use to calculate equivalent units:
equivalent units = units transferred out + (ending inventory x % of completion)}
equivalent units = 37,100 units + (9,600 units x 80%) = 37,100 units + 7,680 units = 44,780 units
Answer:
Lorenz curve can be understood as a graphical representation of distribution of wealth or income among the population in a given economy.
Explanation:
Lorenz Curve was proposed by Max O. Lorenz in the year 1905 to represent inequality in the distribution of income among the given population. This curve illustrates that the distribution of wealth is not equal, where one section of the population has all the wealth or income of the economy and the other section of the population is left with none. Whereas in the case of perfect equality, each section of the population should receive an equal amount of wealth of the economy. This means that N% of the society should always have N% of income and not more and not less than that. Thus, this situation is hypothetical and thus, the idea of the Lorenz Curve comes into consideration.
Answer:
$34,000 Units
Step by Step Explanation:
Direct Material Quantity Variance
= SP x (AQ – SQ Allowed)
Therefore:
SQ allowed: $56,000 units x 4 lbs = $224,000 lbs.
Direct Material Quantity Variance: $8.50 x ($228,000 lbs – $224,000 lbs) = $34,000 Units
The direct material quality variance is $34,000 Units
