Answer: c. Need recognition
Explanation: Mary has just proceeded through the need recognition stage of consumer decision making. This is because she discovered an issue that needed to be resolved that affected her ability to be in contact with her clients. The need recognition stage of consumer decision making as the first stage of the consumer decision making process refers to the instance where a consumer recognizes that a need exists that needs to be satisfied. The need can be triggered by internal stimuli or external stimuli. Mary researched what kind of need she has, what brought it about, and possible ways to deal with the need.
In the situation above, the construction worker could be described or has experienced a diminishing marginal utility. The diminishing marginal utility happens when an individual has consumed a lot of product or in other words, has an increase of product consumption in the same time the person has a constant consumed on other products. If this happens, there will be a decrease in marginal utility, causing the diminishing marginal utility which has happened in the situation above.
Answer:
Total cost per unit is $77
Explanation:
Fixed manufacturing overhead per unit = Total fixed manufacturing overhead ÷ Number of units
= $478,800 ÷ 34,200 = $14 per unit
Fixed selling and administrative expenses per unit = Total Fixed selling and administrative expenses ÷ Number of units
= $171,000 ÷ 34,200 = $5 per unit.
Total cost per unit = Direct material + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead + Variable selling expenses + Fixed selling expenses
Total cost per unit = $15 + $5 + $11 + $14 + $5 + $5 = $55 per unit.
Markup = 40% of total cost = $55 × 40% = $22
Therefore, total selling price per unit = Cost per unit + Markup
= $55 + $22 = $77 per unit.
The project initiation stage is the first stage in the project management model.
What is a project management model?
The five project management process steps—initiating, planning, executing, controlling, and closing—are referred to in the PMBOK. It includes a variety of project management methods and techniques that you can use to assess or finish the way you manage your projects or the methodology you employ.
What is project initiation?
The Vice-Chancellor/Chief Information Officer and Project Sponsor define and assess the project proposal at the Initiation Phase before giving their approval for it to move forward.
What is the purpose of project initiation?
A project's objectives, justification, and organizational structure are all spelled out in a project's initiation document. This makes it possible to guarantee that everyone is aware of the situation from the outset.
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