The meaning of being saturated or reaching the point of saturation in the business terms is the time in which a market does not generate any more demand for a certain market. This may be due to increase competition, decrease need or the product became unusable. For sellers, saturation means two things, first is that this is the chance for you to give your business a makeover. You can level up your products or service or try a new strategy for your business. The endpoint is that you need to diversify so that the customers will not get tired of the same product of service all over again. If you observed that with all the things you possibly did to keep the product or service growing, you haven't seen any change the market demand then the second thing you may want to do is to stop your business because it will only be a waste of time, research and money.
Answer:
Andover's variable-overhead efficiency variance is $-42,000 Unfavourable
Explanation:
According to the given data we have the following:
Standard overhead rate=$ 5.60 per hour
Actual Hours=110,000 hours
Standard hours=47,000 units x 2.5 hours per unit
=117,500 hours
Therefore, in order to calculate the Andover's variable-overhead efficiency variance we would have to use the following formula:
Variable Overhead efficiency variance=Standard overhead rate x (Actual hours - standard hours)
=$ 5.60 x (110,000 - 117,500)
=$-42,000 Unfavourable
To protect an industry from foreign competition is not generally regarded by economists as a legitimate reason for the government to intervene in a market.
Option D is correct .
<h3>What is your biggest economic problem?</h3>
The underlying economic problem is that society does not have enough productive resources to produce everything people want. This is also known as scarcity. The value of goods and services is determined by their rarity and usefulness. For a good to have monetary value, it must have utility and value.
<h3>What is the reason for all financial questions and problems? </h3>
The reason all financial questions and problems arise is because people's needs exceed the resources available to meet them. Economics is the social science that studies how people make decisions to deal with shortages.
<h3>What are the economists' main concerns?</h3>
A central task of economics is to determine the most logical and effective use of resources to achieve private and societal goals.
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