Answer:
C. repetitive production
Explanation:
Based on the information provided within the question it can be said that only in Repetitive Production
will you see at most minor variations implemented. This is because this type of operations uses various machines in a pre-set process to make the product, a small change in the product specifications would require ALL of the equipment to be replaced, rearranged, or modified just to be able to implement the changes to the product. This many times costs more money than what the change will generate.
Answer:
MICE; GIT; FIT
Explanation:
Meetings, Incentives, Conferencing & Exhibitions.
The MICE market refers to a specialized niche of group tourism dedicated to planning, booking, and facilitating conferences, seminars, and other events, which is a big moneymaker in the travel industry.
Group Inclusive Tour
It is a travel program with a special fare and specific requirements usually a minimum number of persons often more than 5 persons traveling as a group throughout the tour.
Foreign Independent Tour
Though somewhat of a misnomer, an FIT is any customized independent tour arranged by a travel agent.
Since he is working as a tax accountant for Starlight Fashions which is a clothing manufacturer, his salary would be classified as period cost..
<h3>What is
period cost?</h3>
In preparation of financial account, a period cost refers to a cost that cannot be capitalized into prepaid expenses, inventory, fixed assets etc
In conclusion, because works as a tax accountant for the clothing manufacturer, his salary would be classified as period cost.
Read more about period cost
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Answer:
Option (b) is correct.
Explanation:
The total surplus is defined as the sum total of producer surplus and consumers surplus. Total surplus with a tax is defined as the combined total of producers and consumers surplus and tax revenue that is earned by the government of a particular nation.
Consumers surplus = Willingness to pay for the product - Actual amount paid for the product
Producers surplus = Actual amount received for the product - Willingness to accept for the product
The government uses the ability to break up monopolies into smaller firms. This happened with AT&T in 1982
