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NeX [460]
3 years ago
8

Jeep recognizes that it has some customers who like roomy suvs, while others like more compact versions. it also has customers w

ho prefer off-road, sport-type vehicles. jeep makes several models (such as grand cherokee, liberty, patriot, compass, and wrangler) to satisfy the different tastes and lifestyles of its customers. grand cherokee customers may want traditional suv luxury, and seldom settle for anything other than leather interiors. liberty customers might be described as sportier, and typically women. wrangler customer characteristics may include a group that is seldom over 30 years of age, typically male, and have often served in the u.s. military. by recognizing differences in its customers, and using different characteristics to define its customers, jeep is:
Business
1 answer:
miskamm [114]3 years ago
4 0
Jeep is segmenting the market. Market segmentation involves taking into consideration the the basic features that different types of customers prefer in one's product, thereby been able to serve different types of customers from different social class. The principal aim of segmentation is to increase one's potential customers.
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Which of the following is an incorrect statement regarding variances?
laiz [17]

Answer:

The answer is B.

Explanation:

Variance is the difference between the expected sales(revenue), price, material quantity, material cost(expense) and the actual sales, price or material quantity.

Sometimes, expected or budgeted sales or price might be higher than actual sales or price, if this happens the variance is an unfavorable one.

And if it is the actual that is higher or more than the budgeted or expected sales or price, we say it is a favourable variance.

4 0
3 years ago
Suppose the price of a substitute to lcd televisions rises. what effect will this have on the market equilibrium for lcd​ tvs? t
STatiana [176]

Answer:

a. increase and the equilibrium quantity will increase. 

Explanation:

If the price of a substitute to lcd televisions rises, the demand for lcd tvs increase. This would lead to an increase in price and equilibrium quantity.

I hope my answer helps you.

4 0
3 years ago
The theory of purchasing power parity A.assumes that most changes in nominal exchange rates are the result of changes in real ex
Neko [114]

Answer:

The correct answer is letter "B": extends the law of one price to a group of goods.

Explanation:

Purchasing Power Parity or PPP compares different country's currencies through a market basket of goods approach. Two currencies are in PPP when a market basket of goods, taking into account the exchange rate, is priced the same in both countries.

The Law of one price states that individual and identical goods or services will have the same price if there were no friction between global markets. Thus, <em>the PPP approach would be the extent of the law of one price adding the exchange rates.</em>

8 0
3 years ago
Francine wants to become a school counselor. Which skill would be most useful for a successful career?
Agata [3.3K]

Answer:

C)

Explanation:

Compassion is when you are concerned for someone or somebody.

7 0
3 years ago
Read 2 more answers
Why might a company choose a process costing system over a job order costing system? How are the two systems similar, and how ar
ch4aika [34]

As organizations that use work order costing maintain track of materials and other resources for each project item, this method often necessitates more thorough record keeping than a process costing. However, in systems that use process costing, each production or process department has its own inventory account and aggregates expenses.

<h3>How are the 2 systems similar?</h3>
  • Both approaches serve the same fundamental objectives: to provide a framework for calculating unit product cost and to assign material, labor, and overhead costs to items.
  • The same fundamental manufacturing accounting principles are used by both systems, including production overhead, raw materials, work in progress, and finished goods.
  • In both systems, the cost flow through the manufacturing accounts is essentially the same.
<h3>What are the differences between the two?</h3>

There are two reasons why work order costing and process costing differ from one another. The first is that a process costing system has a flow of units that is essentially continuous, and the second is that these units are interchangeable. Since each order is just one of many that are filled from a continuous flow of almost identical units from the manufacturing line, it makes no sense to try to identify materials, labor, and overhead costs with a specific order from a customer (as we do with job order costing). Under process costing, costs are accumulated by the department as opposed to orders, and they are then uniformly distributed to all units that go through the department over the course of a time period.

The fact that process costing does not employ the job cost sheet since its emphasis is on departments is another distinction between the two costing methodologies. For each department that works on items, a production report is created as opposed to a task cost sheet. The production report fulfills a number of purposes. It gives a summary of how many units pass through a department in a given time frame and computes unit costs. Additionally, it displays the expenses incurred by the department and the decision made regarding such expenses. In a process costing system, the department production report is a crucial document.

Therefore, above are all the differences and similarities between the 2 systems.

For more information on the Costing system, refer to the given link:

brainly.com/question/24516871

#SPJ4

4 0
1 year ago
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