Answer:
a. Are deferred in inventory when production exceeds sales
Explanation:
- When the units of production are sold the fixed and manufacturing and the overhead cost gets carried towards the other units and is included as parts of that time as the cost of goods sold.
- And this indicates that the manufacturing cost haves been involved in the units of production. Thus the cost of the finished product will include the direct labor matter and labor costs and plus the manufacturing overhead.
Answer:
indirect exporting
Explanation:
Based on the information provided within the question it can be said that Hippos is most likely to pursue an indirect exporting. This refers to selling your goods to an intermediary who then sells it directly the customers. This is a great market entry strategy when entering a foreign market since it allows an individual who is already accustomed to the market sell the products, thus minimizing the risk of loss in the foreign market.
In price branding, here are the price components of the marketing mix:
- suggested retail price ror SRP
- seasonal pricing
- price discrimination
- Price strategy
- Cash and early payment discounts
- bundling
- Price flexibility
Answer:
no surplus or shortage
Explanation:
Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied
If demamd increases by 100, new equilibrium is 40
Thus, ceiling price equal equilibrium
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Effects of a binding price ceiling
It leads to shortages
it leads to the development of black markets
it prevents producers from raising price beyond a certain price
It lowers the price consumers pay for a product. This increases consumer surplus
