Answer:
D) The focus in service is on revenue maximization, while the focus in manufacturing is on cost minimization.
Explanation:
You can set up a manufacturing location in different places, mostly depending on the costs associated with the supply management (both upstream and downstream).
While location is extremely important for a service provider and its capacity to generate revenue, e.g. a hotel or a restaurant cannot be located in the middle of nowhere.
Answer:
Support media
Explanation:
Direct marketing is a form of marketing to create awareness directly to the existing customer or pre selected customer and method been used by advertiser to get direct response from customer, this help the organization to get future sales. Support media is used as a part of direct marketing that help in create awareness and gather attention of customer as some traditional media is been used.
Few examples of support media are:
- Mobile billboards.
- In-store media.
- Yellow pages.
- Promotional product.
- Areial Advertising.
Answer:
Ease of entry into the market
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
In the long run, perfect competition make zero economic profit because if firms are making economic profits in the short run , new firms would enter into the industry in the long run. This is made possible because of the ease of entry into the market.
I hope my answer helps you
Answer:
Debit Petty cash $200 and credit cash $200
Explanation:
Accountants evaluate business activities and put them in record using journal entries such as debit-credit rules as a guide. Normally, an accountant will use specific journals for numerous journal entries of the same type – like sales journals, cash journals and purchases journals. Businesses which are large usually use specialized journals, while businesses which are smaller tend to only use a general journal that has all transactions. Recording journal entries is only the first step in the accounting.
Answer: $2000
Explanation:
From the question, we are informed that Jennie receives $12,000 (of which $2,000 is earnings) from a Qualified Tuition Program and she uses the funds to pay for new furniture for her apartment.
The amount that is taxable to Jennie will be the amount of earnings she made who is $2000.
