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Lisa [10]
3 years ago
14

Inez believes that makeup is the most important part of her wardrobe. She spends considerable time comparing the prices, skin to

nes, and color options available at various cosmetics counters in department stores. For Inez, makeup is a convenience product.
A. True
B. False
Business
1 answer:
Mars2501 [29]3 years ago
4 0

Answer:

B. False

Explanation:

Convenience products refer to those products whose purchase is very convenient or comfortable and requires little time and efforts of the buyers. Such products are frequently purchased by the buyers. Examples of such products would be soaps and detergents, sugar and magazines, etc.

Shopping products on the other hand, are those products that are purchased less frequently and often require comparison between other available alternatives and variants. Such products demand time and efforts on the part of the consumer. Examples are clothing, electronic items such as smartphones, shoes, etc.

In the given case, Inez assigns high importance to her makeup. Thus it is evident, she's particular about her make up items and would spend a considerable time in deciding and selecting a particular make up item.

As is stated, she is particular about colors, prices, skin tones and other factors, make up would classify as a shopping product.

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Sandhill Inc. has the following information related to an item in its ending inventory. Packit (Product # 874) has a cost of $76
Sladkaya [172]

Answer:

$64

Explanation:

The computation of final lower-of-cost-or-market inventory value is given below:-

Ceiling LCM = Estimated selling price - Cost to disposal or NRV ($68)

Floor LCM = NRV - Normal profit

= $68 - $4

= $64

Conditions: 1)When the cost of replacement is greater than the LCM ceiling then the LCM ceiling is considered the market cost.

2)If the cost of replacement is greater than floor LCM then floor LCM is considered to be the market cost

So, second condition is satisfied.

The market value is $64, cost is $76.

Lower of cost or market rate is $64

8 0
3 years ago
An electronics firm produces 45,000 calculators annually, and each calculator requires 2 nickel-cadmium batteries (so they use 9
Mila [183]

Answer:

A.

$0.05

B.

$18,600

C.

30,000 units

Explanation:

Economic order quantity is the quantity at which business incur minimum cost. This is the level of order where the holding cost equals to the ordering cost of the business.

As per given data

Annual Demand = 90,000 batteries

Ordering cost = $250

Carrying cost = $0.046

A.

Annual Holding cost = Holding cost per unit x Annual Demand  = $0.046 x 90,000 batteries = $4,140

Opportunity cost = $0.046 X 110% = $0.05

B.

Purchase cost = 90,000 x $0.14 = $12,600

Ordering cost = (90,000/15,000) x $250 = $1,500

Storage cost = $0.05  x 90,000 = $4,500

Total cost of Inventory = $12,600 + $1,500 + $4,500 = $18,600

C.

EOQ =  \sqrt{\frac{2 X S X D}{H} }

EOQ = \sqrt{\frac{2 X 250 X 90000}{0.05} }

EOQ = 30,000

8 0
3 years ago
Blue Ridge Crafters is a co-operative that distributes traditional household furnishings, such as home-spun textiles, hand-throw
Harman [31]

Answer:

C) Horizontal growth strategy.

Explanation:

In the given situation, blue ridge would added non related products for the customers who already purchased it from them. Also it shows the concept of one-stop shop i.e. catering should be provided to all rounds requirement for the customers who visited them

Therefore as per the given scenario, the option c is correct

And, the same would be considered

5 0
3 years ago
Define the sentence : A marketer can realise their goals by manufacturing ,selling , improving and modifying the product . ​
andreyandreev [35.5K]

Answer:

Having a great marketing strategy in place is key to the success of any business. Without a marketing strategy, you lack focus. And without focus, you will, quite simply, fail to reach any of the goals and objectives that you have set. Failure to plan is planning to fail.

Marketing is not a standalone, one-off activity. It is made up of several different components that are necessary throughout each and every stage of a business’s endeavours - from long before a sale is even made, to long after. With so much going on, it is essential to have a strategy in place.

4 0
2 years ago
A store manager must decide how many rug cleaners to rent to customers. The manager estimates that the first would yield $200 a
Harrizon [31]

Answer:

The store manager must decide to buy 3

Explanation:

Given that:

  • The first:  $200 a year
  • The second $150
  • The third $75,
  • The fourth $50
  • Interest rate is 12 percent
  • Investment: $500

As we know that the rate of return will be: Income / Investment

So the rate of return of:

  • The first:  $200 / $500 = 0.4 = 40%
  • The second $150 / $500 = 0,3 = 30%
  • The third $75 / $500 = 0.15 = 15%
  • The fourth $50 / $500 = 0.1 = 10%

Only three rug cleaners have the rate of return greater than the interest rate so the store manager must decide to buy 3

5 0
3 years ago
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