<span>The strategy of appealing to different types of customers in this way is an example of product definition.
</span><span>The product definition includes product concept, design requirements and specifications, features, target market.
</span>First the company must understand the customer<span> needs and then it should convert this understanding into technical requirements for a new </span>product<span>.</span>
Answer:
Overally, the statement of cash flows will report net cash inflows of $145,000.
Explanation:
The sale would attract proceeds of $145,000 which is a cash inflow to the company.
The profit on sale of ( $145,000 - $120,000 )$25,000 is a non- cash flow item.
The Purchase of new equipment by signing a long-term note payable is a non-cash financing and investment activity.
Conclusion :
Overally, the statement of cash flows will report net cash inflows of $145,000.
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The phrase "explicit costs" refers to a company's monetary payments to individuals who provide labor, materials, fuel, and transportation services as well as payments paid for the use of resources that belong to other people. The correct option is (a) & (c) .
<h3>What is labor specialization?</h3>
- When businesses separate their production or service process into many fixed tasks, specialization of labor, also known as division of labor, develops.
- Employees don't complete numerous tasks themselves; instead, they repeat a single step of the production process.
- The marginal-cost, average-total-cost, and average-variable-cost curves all move up.Y
What is division of labor and specialization in economics?
- When a worker is specialized, they only carry out a small number of different jobs.
- In the context of businesses, it alludes to many businesses that specialize in manufacturing various items or services.
- When a good or service is produced, various workers are assigned to distinct duties. This is known as division of labor.
Learn more about labor specialization
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