Answer:
Under FIFO, the ending inventory is based on the latest units purchased.
Explanation:
First in, first out inventory (FIFO) method values cost of goods sold using the purchase price of the "oldest" units in inventory. This means that the cost of the first units sold will be used to determine COGS.
On the other hand, last in, first out (LIFO) method uses the price of the most recently purchased units to determine the cost of goods sold.
Answer:
The statement is: True.
Explanation:
Fruit thinning is the process by which farmers remove some of the fruits growing on a tree so that the remaining can grow bigger and better. This practice is usually performed during the spring and it is useful to prevent limbs to break due to excessive weight.
Answer:
A) Customer value-based pricing
Explanation:
In sales and marketing, price can be defined as the amount of money that is being charged by a seller for goods and services rendered to a potential customer or buyer.
Customer value-based pricing uses buyers' perceptions of what a product is worth, not the seller's cost, as the key to pricing.
Generally, a value-based pricing strategy typically begins with the manufacturer or seller assessing customer needs at a specific period of time. This ultimately implies that, a customer value-based pricing is all about the consumers of goods and services by considering their perceived benefits or satisfaction derived from the use of such products or services.
<span>The correct option is A. Natural monopoly is defined as exclusive control of a supply or a business as a result of high start upcosts required to operate the business in a particular industry. Natural monopoly may also occur as a result of special laws, materials, technology, etc that are required to operate in the industry. Products from this type of company can be produce most efficiently as a result of economies of scale.</span>
<span>Test marketing is the limited introduction of a product and a marketing program to determine the reactions of potential customers in a market situation.</span><span>
For conducting an accurate test marketing </span>test locations should mirror the purchasing habits of the overall market
