Answer:
competitive advantage
Explanation:
Based on the information provided within the question it can be said that this is an example of communicating a product's competitive advantage. This term refers to a specific condition that allows a company to be placed in a favorable or superior position within the industry which it is in. Which in this case having high quality coffee at an extremely low price when compared to the competition puts it in this favorable position.
Answer:
A. Procyclical policy.
Explanation:
Procyclical policy is basically is a government approach to increase goverment spending and reduces taxes while government is going through economic expansion.
The required answer is production.
Production:
- Producing something is the act of creating something out of components or raw resources. To put it another way, production employs inputs to produce an output that is fit for consumption—a good or product that has value for a customer or end-user.
- One of the most crucial steps in the manufacturing process, production is fundamental to what it means to be a manufacturer. Without this activity, no finished goods would be produced, leaving no products for buyers to purchase.
- The purpose of production is to provide the economy with commodities and services. Land is the primary factor of production, but term also refers to any other natural resource that is used to create commodities and services. This includes everything that comes from the land, not just the land itself.
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Answer:
The answer is $229,200
Explanation:
Cost of sales equals:
Beginning inventory plus purchases minus ending inventory.
Beginning inventory is $23,570
Purchases(net Purchase) is
Purchases $224,020
Add: Freight-In. $9,770
Minus: Purchase Returns. and Allowances. ($5,460)
Net Purchase:. $228,330
ending inventory is $22,700.
Therefore, cost of goods sold is:
$23,570 + $228,330 - $22,700
=$229,200
Answer:
1. D
2. A
3. C
4. B
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
The various types of cost variance components and their definition includes the following;
1. Standard price: the expected price
2. Actual quantity: the input used to manufacture the quantity of output
3. Actual price: the amount paid to acquire input
4. Standard quantity: the expected input for the quantity of output
