Answer:
variable and fixed costs.
Explanation:
The format of the contribution margin income statement is presented below:
Sales XXXXX
Less: Variable cost (XXXXX)
Contribution margin XXXXX
Less: Fixed cost (XXXXX)
Net income or loss XXXXX
Based on this we can concluded that the contribution margin income statement classified into two cost i.e variable and fixed cost
Answer:
Decrease; Less
Explanation:
The producer surplus is the difference between the minimum price that a producer is willing to accept for a product and the price he actually receives.
When the market price of a product falls, the producer surplus will decrease as well.
The lower market price implies that there will be less area between the supply curve and the market price of the product.
<h3>Statement by Fallacy</h3>
"This work is driving me crazy!"
The above sentence is said by Fallacy a worker of a cafe in a busy shopping mall, She tries her best to serve the customers but the customers are quite rude and that is the reason why she said such a dialogue.
<h3>Customer Behaviour</h3>
Fallacy wants the customers to act kindly and be a little patient, but that is completely the opposite of what is reality.
She is unable to leave the job as it is a well paid job and she is not able to find another job that can pay her this much salary.
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Answer:
What is the term used to describe product attributes that attract certain customers and can be used to form the competitive position of a firm?
Competitive dimensions.
Explanation:
In the business world, there are companies that sell products that are used for the same things. The companies in this types of environments are in competition with each other since they are all fighting over the same resource which is market share. A bigger market share usually translates to more customers and more sales. Bigger sales reflects to a bigger profit margin. For a company to have a bigger market share, there are a number of things that they can do to form the competitive position of their firm. They can do this by using product attributes that attract certain customers, a situation termed competitive dimensions.
The following competitive dimensions can be considered, namely;
1. Quality: companies can focus on the quality of their product by improving the quality of the features above the competition. In this way some customers might consider opting for that product because of its perceived quality. The major features of quality are: reliability, performance, serviceability and value for money.
2. Time: the following form the major components of time, namely; delivery time, manufacturing lead-time and frequency of delivery.
3. Price and cost: these include selling price and the service costs.
