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lina2011 [118]
3 years ago
10

Match each of the definitions that follow with the term it defines.

Business
1 answer:
AleksandrR [38]3 years ago
4 0

Answer: The answers are:

1) <em>Engieering change</em> <em>order</em> is <u>a document that initiates a product or process change. </u>

2) <em>Total cost concept</em> <u>Includes manufacturing costs plus selling and administrative expenses.</u><u> </u>

3) <em>Variable cost concept</em> = <u>Variable manufacturing costs plus variable selling and administrative costs are included in cost per unit .</u>

4) <em>Normal selling price</em> is <u>Target selling price to be achieved in the long term .</u>

5) <em>Setup </em>= <u>Changing tooling when preparing for a new product</u>.

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Smith Jewelry Store sells 20 pieces of jewelry per day at an average price of $20 per piece. Assume Smith’s cost for the jewelry
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Answer:

$12,000

Explanation:

Take 20 pieces $20 average price per piece 30 days

= $12,000 expected sales for the month

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2 years ago
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6 0
3 years ago
At Nanclet, a market research firm, whenever a particular team needs to hire people, the human resource (HR) department conducts
Tju [1.3M]

Answer: Structure interview

Explanation:

A structured interview is a form of interview used by an organization in order to ensure that each interview is presented to each candidate with exactly the same questions and also in the same order.

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3 years ago
Suppose the price of crude oil drops from 150$ a barrel to 120$a barrel. The quantity bought remains unchanged at 100 barrels. T
IrinaK [193]

Answer:

coefficient = 0

Explanation:

We have the formula to calculate the price elasticity of demand as following:

<em>Elasticity coefficient = % Change in quantity/ % Change in price</em>

As given:

+) The percentage change in price is: (120-150)/150= - 20%

+) The quantity bought remains unchanged - which means the percentage change in quantity demanded is 0%

=> <em>Elasticity coefficient = % Change in quantity/ % Change in price</em>

<em>= 0/-20 = 0</em>

<em />

<em>So the coefficient of price elasticity of demand in this example would be 0</em>

7 0
2 years ago
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