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Salsk061 [2.6K]
3 years ago
6

Nokia is a cell phone brand that offers digital cameras as part of its cell phone products. It is now in direct competition with

camera brands such as Canon and Sony, and has become the world's largest seller of cameras. This is an example of: Group of answer choices envelopment. product customization. market diversity. product development. market innovation.
Business
1 answer:
irakobra [83]3 years ago
3 0

Answer:

A. Envelopement

Explanation:

Envelopment is the process whereby an organization or a company moves into another company's market by combining it's own functionality with the other company functionality to create a multi-platform bundle. In this case, Nokia decided to add cameras which are Sony and Canon market to their mobile phones thereby creating a multi-platform bundle in form of a camera mobile phone.

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Megatron is a competitive firm operating under the following conditions: Price of output is $15, the profit maximizing level of
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Answer:

Firm should be shut down in short run

Explanation:

We have given price of output = $15

Total economic cost = $650000

Total number of units for maximizing profit level = 40000

So average economic cost =\frac{650000}{40000}=$16.25

As the average economic cost is greater than price of the output

So firm should be shut down in short run

Answer will be firm should be shut down in short run

7 0
3 years ago
On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or
DedPeter [7]

Answer:

The value of the inventory at the lower of cost or market price is:

= $21,170.

Explanation:

a) Data and Calculations:

Product  Inventory    Cost per Unit  Market Value per Unit     LCNRV

              Quantity                              (Net Realizable Value)

Model A       12                $106                   $102                  $1,225 (12*$102)

Model B      45                    84                       70                     3,150 (45*$70)

Model C     36                  254                    243                     8,748 (36*$243)

Model D     31                     85                      88                     2,635 (31*$88)

Model E     41                    132                    148                      5,412 (41*$132)

Total cost of inventory based on LCNRV (per item)        $21,170

3 0
3 years ago
when sending a claim to the insurance company for services provided by the physician why are both ICD-10 and CPT codes required
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When a patient receives services from a licensed doctors, these services are recorded and assigned codes by the medical coder. ICD codes are used for diagnoses, while CPT codes are used for various treatments. The summary of these services, through these code sets, make up the bill. Medical Claim Billings are rejected when Diagnostic code (ICD-10 code) and procedure code (CPT code) are missing, not complete, or do not match to the treatment given by the physician.

8 0
3 years ago
You are contemplating adding direct selling activities to your existing bricks-and-mortar retail business to increase sales. You
Ksivusya [100]

Answer:

It may be more expensive and time-consuming than using an intermediary

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Direct selling makes it hard to reach new customers and also entails spending an extensive time in trying to convince prospective customers before sales is made. Sadly, in some situations, some prospects do not buy in on the intended product and thus, no sale is made and time wasted.

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