Answer:
A) Account for over two-thirds of total spending.
Explanation:
In the US, consumption represents around 70% of the gross domestic product. It is by far the most important component of the GDP. It includes all the final goods and services purchased by private households.
Services represent 60% of personal consumption ,e.g. banking, health care, education, etc. The remaining 40% is divided between durable goods (cars, furniture, etc.) and non-durable goods (clothing, food, gas, etc.).
The importance of goal setting is numerous and some of them include:
- Increased productivity
- Helps one to focus on goals
- They improve self-mastery
<h3>What is Goal Setting? </h3>
This refers to the process where a person takes proactive measures towards achieving a set goal.
Hence, we can see that goal setting helps one to stay focused and find working systems to achieve them and when writing about goal setting, the main idea would always be how to be more productive.
Read more about goal setting here:
brainly.com/question/1512442
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Answer:
The first mover that creates a revolutionary product is in a monopoly position.
Explanation:
First Mover is the big initiator of a new product, which gains a competitive 'first mover advantage' for being the pioneer of the idea in the market.
- The first mover can be able to establish brand loyalty
- Being a first mover doesn't guarantee instant success
- The first mover can create switching costs for its customers to deter rivals.
The only apt statement is : The first mover that creates a revolutionary product is in a monopoly position. The first mover enters the market when there is no major supplier & the customer's demand is unmet. If it enables to leverage the potential huge unsatisfied market in a revolutionary way, it can be able to create unparalleled brand loyalty. And this can make it secure monopoly position in market
Answer:
B)The cost of energy for a company can be both a fixed cost and a variable cost.
Explanation:
Energy is a fixed cost because it is an utility that companies have to pay regardless of the level of production; they need energy to function.
Energy is a variable cost because energy is an input to production, and the amount of energy used (and hence its cost) can vary a lot depending on how much output is produced. In the question, ethanol is referenced, which is also a type of variable cost, because it is an energy source that depends on another input (corn), and its used as a substitue for gasoline.
Answer:
65%
Explanation:
Calculation to determine its predetermined overhead rate for the next period should be:
Using this formula
OH rate = Estimated overhead next period/direct labor
Let plug in the formula
OH rate = $65,000/$100,000
OH rate = 65%
Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%
