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murzikaleks [220]
3 years ago
5

In a product modification _______. an existing product s taste, texture, sound, smell, or appearance is usually altered the new

product is in a different product category an existing product's dependability and durability is lowered the original product remains part of the product line the original product does not remain part of the product line
Business
1 answer:
Montano1993 [528]3 years ago
5 0

Answer:

The correct answer is that the existing product is altered or modified as per the texture, sound, taste and appearance.

Explanation:

Product Modification is the term which is defined as the attempt of the company to extend the length of the product life cycle through making large or small changes to the product in order to keep the customers interested in the product.

In short, it is the procedure to change the existing product as per the needs, taste of the customer. For example, change in the packaging of the product.

So, in the procedure of product modification, the existing product is altered or modified as per the texture, sound, taste and appearance.

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Which of the following would make it easier to maintain an effective collusive agreement in a cartel?
GalinKa [24]

Answer:

A decrease in the elasticity of demand for the cartel's product.

Explanation:

The cartel is under the control of companies operating in the same area. This is undesirable. It is concluded between businesses and these contracts prevent competition. Such arrangements are also prevented by governments, which aims to promote competition among governments across the country. This type of arrangement creates unity and demonstrates business behavior in activities that prevent other competitors from entering the sector.

Adverse effects on consumers include:

1) Higher prices - cartel members can raise prices, which reduces the demand elasticity of any member.

2)  Lack of Transparency - Members may agree to hide prices or hide information such as hidden charges in credit card transactions.

3) Limited production - Members may agree to limit market production, such as OPEC and oil quotas.

4) Build Market - Cartel members can collectively divide a market into regions or regions and not compete in each other's territory.

4 0
3 years ago
A company should develop its marketing strategy and then determine the wants and needs of its customers.
Andrew [12]

Answer:

True

Explanation:

This is true as by doing this you will be able to understand what is in demand in order to gain loyal customers for the business' growth and fill a gap in the market industry.

3 0
3 years ago
A company's inventory records indicate the following data for the month of January: Jan. 1 Beginning 180 units at $9 each Jan. 5
katovenus [111]

Answer:

The amount of cost of goods sold for January:

                                     LIFO          FIFO      Weighted Average

Cost of goods sold    $4,520     $4,420       $4,452

Explanation:

a) Data and Calculations:

Date     Description    Units          Unit Cost/Price Total Cost Total Revenue

Jan. 1    Beginning       180 units at $9 each           $1,620

Jan. 5   Purchased      170 units at $10 each            1,700

Jan. 9   Sold              (300) units at $35 each                             $10,500      

Jan. 14  Purchased    200 units at $11 each            2,200

Jan. 20 Sold              (150) units at $35 each                                5,250

Jan. 30 Purchased    230 units at $12 each           2,760

Total                    780 / 450                                   $8,280         $15,750

b) Cost of goods sold:

LIFO:

Jan. 9   Sold  (300) 170 units at $10 = $1,700

                               130 units at $9 =      1,170

Jan. 20 Sold  (150) 150 units at $11 =    1,650

Cost of goods sold =                          $4,520

c) FIFO:

Jan. 9   Sold  (300) 180 units at $9 = $1,620

                               120 units at $10 =  1,200

Jan. 20 Sold  (150) 50 units at $10 =     500

                              100 units at $11 =    1,100

Cost of goods sold =                        $4,420

d) Weighted-Average:

Jan. 9   Sold  (300) 300 units at $9.49 = $2,847

Jan. 20 Sold  (150) 150 units at $10.70 =    1,605

Cost of goods sold =                                $4,452

Weighted Average Cost at each point of sale:

$9.49 = ($1,620 + $1,700)/350 units

$10.70 = (($9.49*50) + $2,200)/250 units

e) LIFO = Last In, First Out is based on the assumption that the items sold are from the last inventory purchased instead of the first.

FIFO = First In, First Out is based on the assumption that the items sold are from the first inventory instead of the last.

Weighted-Average: This method averages the cost of inventory to determine the unit cost.

Under the perpetual inventory system, the inventory costs are recorded immediately after an inventory transaction and not at the end of a period.

6 0
3 years ago
At last year's bass tournament, jim caught 12 bass in a four-hour pe- riod. this year he caught 15 in a six-hour period. in whic
Orlov [11]
I think you are asking about the productivity comparison of two years 
productivity will be more if rate of output is higher 
For first year rate of output is 12/4=3 fish per hour 
For second year rate of output is 15/6=2.5 fish per hour  
So we can see that Jim was more productive in first year as compared to second year
5 0
3 years ago
In the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level
Iteru [2.4K]

Answer:

1. Rise

2. Reducing

3. Fall below

4. Rises above

Explanation:

1. Sales from catalogues will fall because people will demand less as a result of the catalogue price being higher than the actual price.

2. As the rules of Supply and Demand opine, the Catalogue companies will have to reduce supply in response to a decrease in demand.

3. The natural output quantity will be more than the output supplied.  have attached a graph and a table to show an example using the figures.

4. The short-run quantity of output supplied by firms will rise above the natural rate of output when the actual price level rises above the price level that people expected as shown by the graph.

6 0
3 years ago
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