Introducing newly developed products or services to a market segment the company is not currently serving is called market penetration.
<h3>What is market penetration?</h3>
This is the term that tells us the extent to which the given users or the people in a population would recognize a particular product and also buy that particular product. This tells us the way that the people are able to buy the goods in the market.
Hence we can say that Introducing newly developed products or services to a market segment the company is not currently serving is called market penetration.
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Answer:
Supply chain design
Explanation:
Processing the supply chain relates to maintaining the day-to-day operations related to the goods and services.
The goal is to turn the raw material into the finished goods by going through the manufacturing work cycle so that the product is ready to be sold and shipped to the consumer with specified time and exact location.
In addition, it also focuses on achieving a strategic edge and improving customer satisfaction.
And, the supply chain design is a process by which a business designs and manages the supply chain to determine the appropriate combination between inventory, transport and production costs.
Since in the given situation, the the product, selection of partners, the location and capacity of warehouses, etc indicates the designing of the supply chain
Answer:
Gross profit= $36,000
Explanation:
Giving the following information:
Cost of goods sold:
Rails Division= 46,100
Locomotive Division= 29,500
Sales:
Rails Division= 97,300
Locomotive Division= 65,500
To calculate the gross profit, we need to use the following formula:
Gross profit= Sales - cost of goods sold
Gross profit (Locomotive)= 65,500 - 29,500= $36,000
Answer:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual hours
Explanation:
Giving the following information:
The production used 2.5 labor hours per finished unit, and the company paid $21 per hour, totaling $52.50 per unit of finished product.
<u>We weren't provided with enough information to solve the problem. We need estimated production hours and rates. But, I can leave the formula to solve it.</u>
To calculate direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Hours
Answer: I’m having a Halloween party with my parents and family because you know ya girl ain’t trying to get sick
Explanation: