A condition that is not needed for market segmentation is customers' needs for the product must be homogeneous.
<h3>What is market segmentation?</h3>
Segmentation is the division of people into certain groups based on shared characteristics. In demographic segmentation, people are placed into groups based on age, gender, ethnicity and other demographic factors.
If consumers needs are homogenous, segmentation would not be successful as there would be no need for segmentation.
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Answer:
Cost allocation
Explanation:
Cost allocation means the process where the identification, aggregation, and the allocating of the cost is made to the various cost objects. It plays an important role as the cost i.e. incurred for generating a particular product or rendering a service would be determined
So if the manufacturing overhead cost assigned and the other indirect cost so this we called cost allocation
Answer:
Total direct material cost= $400,000
Explanation:
Giving the following information:
Direct material: 5 pounds at $8.00 per pound $ 40.00
Total direct material cost= cost per unit* total units.
Suppouse that the production for the period is 10,000 units:
Total direct material cost= (5*8)*10,000= $400,000
Answer:
Assess the current reality
Explanation:
Assessing the current reality of a product in the market is a very important stage before introducing the real product. It helps to analyse the strength and weakness of a product and helps companies to improve them in a short period. To access the current reality the best procedure is to conduct a SWOT analysis.
Answer:
$255
Explanation:
The computation of the discount lost is shown below:
= Value of merchandise inventory × discount percentage given
= $8,500 × 3%
= $255
Since 3/15, n/45 means if the customer pays the amount within 15 days he or she can avail the discount of 3% and the total days for payment is 45 days. So, the buyer lost the $255 discount