It should be noted that a country that relies on the pragmatic nationalist view would state that international production should be based on theory of comparative advantage.
<h3>What is comparative advantage?</h3>
Comparative advantage simply means the ability of an economy to produce goods that has a lower opportunity cost than it's partners.
In this case, country that relies on the pragmatic nationalist view would state that international production should be based on theory of comparative advantage. This is to ensure efficiency.
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Answer:
b. reminder
Explanation:
Based on the information provided within the question it can be said that Crest's advertising would be classified as a reminder. This is a follow up to an existing advertisement campaign with the goal of bringing more attention to the product or service and remind people to buy it, usually also introducing a new modification to the product/service. Similar to what Crest is doing by letting people know about the advantages and reminding the customers about the newest flavor.
Answer:
(d) $2.18
Cost formula per machine hour for indirect material cost = $2.18
Explanation:
Actual Indirect material cost = $30,444
Actual hours = 17,700
Standard hours = 18,200
Spending variance for indirect material = $8,142
That is favorable,
Formula of spending variance = (Standard Price - Actual Price)
Actual Quantity
= Standard Price
Actual Quantity - Actual Price
Actual Quantity = 1,842
Standard Price
Actual Quantity = $8,142 + $30,444 = $38,586
Standard Price = $38,586/17,700 = $2.18
Final Answer
Cost formula per machine hour for indirect material cost = $2.18
Simulated test markets (STMs) are often conducted in shopping malls where consumers are asked who uses the class of product being tested.
There are three types of test markets: the standard test market, the control test market, and the mock test market. consumer goods marketers are the primary users of the test market. consumer goods (CPG) are products sold in packaging that consumers use almost every day.
Trial marketing: the term is commonly used to denote an experiment, study, or test conducted in a field setting. used to test new advertisements, promotions, products, prices, etc. use of test markets.
Managed test marketing: In this test, the company selects specific stores in various regions and asks them to stock new products for a fee. The company manages shelf locations, displays, POS promotions, and pricing.
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Answer:
Answer is option A, i.e. airlines would charge the same price to each type of flyer.
Explanation:
The elasticity of demand for air tickets by vacationers is generally found higher than that of business travelers. the reason behind this is that there is an ample amount of options as well as time in the hands of vacationers and which is not the case with the business travelers. Business travelers do not opt for other modes of transport other than the airway as this saves their time. Therefore, when one requires to create the same elasticity of demand for both types of flyers, then the prices for all of them should be kept the same.