Answer:
<u>Concentrated</u> targeting strategy
Explanation:
Concentrated targeting strategy is an approach that "concentrates" on a specific group of consumers, providing a specific type of product that appeals to them only. This type of approach is more applicable to small businesses because they appeal to only a smaller section of the population, and mass production is not necessary. At the same time, they do not have to advertise to the general population.
In a market with price controls, there can be shortages or surpluses of goods and services. A shortage in goods or services means that there is not enough supply to cover the demand of the items. The quantity of the goods or services that is supplied is less than what is demanded. In this case, there are not enough products for consumers to purchase. A market surplus means there is is too many goods or people available for services but the demand from consumers is not there. This causes businesses to have too much goods available.
Answer:
(1) 1,400 units
(2) $21,000
Explanation:
Given that,
Selling price = $15 per unit
Variable expense = $12 per unit
Fixed expense = $4,200
Contribution margin per unit:
= Selling price - Variable expense
= $15 - $12
= $3
Contribution margin ratio
:
= Contribution margin per unit ÷ Selling price per unit
= $3 ÷ $15
= 0.2 or 20%
1. Break even point:
= Fixed expense ÷ Contribution margin per unit
= $4,200 ÷ $3
= 1,400 units
2. Break even point in dollar sales:
= Fixed expenses ÷ Contribution margin ratio
= $4,200 ÷ 20%
= $21,000
Answer:
The budgeted cash payment for September = $37600
Explanation:
Below is the calculation for budgeted cash payments:
The payment for the month August = 40% of 40000 = $16000
The payment for the month September = 60% of 36000 = $21600
In order to find the budgeted cash payment for September, just add the payment for august and September.
The budgeted cash payment = 16000 + 21600
The budgeted cash payment for september = $37600
Answer:
True
Explanation:
Some industries can reduce their pollution levels a lot at a small cost but others cannot, the cost of reducing their pollution levels is almost prohibitive. One way to solve this problem is not forcing all the industries to reduce their pollution levels equally, but rather promoting the reduction of pollution through tax incentives and trading pollution rights. This way, the industries that can reduce pollution at a low cost will be willing to sell their pollution rights to industries that aren't able to do it and maybe even make a profit out of it.
For example, industry A can reduce 10 units of pollution by spending $1,000 while industry B can reduce 10 units of pollution by spending $10,000. Industry A will be willing to sell its pollution rights to industry B for more than $1,000 per 10 units and industry B will be willing to buy pollution rights for less than $10,000 per 10 units.