Answer:
1. Are you advertising to a specific group of people/ Who is your target audience?
2. How would you reach out to that audience/What emotions are you trying to trigger within their minds?
3. How would you justify your prices?
4. Is your idea viable in the current market?
5. How would you differentiate your goods and services from any other similar products in the industry?
These are just examples. Hope this helps!
Answer:
Created by a Professor Michael E. Porter, from Harvard, this model explains the various forces applied to a business.
Competition in the industry
: Are there competitors in the industry? If so, are they numerous and weak or is the industry dominated by a few major players?
Potential of new entrants into the industry
: What's the risk of having new competition? If you are selling a product, can you protect it with a patent for example?
Power of suppliers
: Can the suppliers of what you need easily affect the prices? It's basically asking if there is competition in your suppliers' market.
Power of customers
: That related to your customer base. If your customer base is large, chances are no individual will be able to force your price down. But if you are dealing with a limited number of customers, one of them might force you to lower your prices.
Threat of substitute products: Is there any comparable product/service offered at a lower cost that might bring your prices down?
Answer:
The correct answer is A.
Explanation:
Giving the following information:
The estimated machine-hours for the upcoming year at 79,000 machine-hours.
The estimated variable manufacturing overhead was $7.38 per machine-hour
The estimated total fixed manufacturing overhead was $2,347,090.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 2,347,090/79,000 + 7.38= $37.09 per machine-hour
<span>The hiring of applicants based on criteria that are not job-related is called job discrimination. Job discrimination usually happens when a person is judged based on his/her gender, race, nationality, disability, religion or age. His/her relevant skills related to the job are not considered. </span>
Answer:
$3,500
Explanation:
This is because every Health and Disability Income Policy express the conditions and provisions for continuation of the contract on the new income level.
