A product line is a group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same type of outlets, or fall within given price ranges.
<h3>What is a group of products that are closely related?</h3>
- A collection of related products is referred to as a product line.
<h3>What is a group of products called?</h3>
- A group of related products made by the same company and sold under the same brand is referred to as a product family.
- A business may develop a product family to capitalize on the devoted following of its original brand.
<h3>What is product group?</h3>
- A set of departments, classes, subclasses, or things that are gathered together for a specific objective is known as a product group.
- SIM employs product groups for the following purposes to plan and carry out various stock count procedures (Problem Line, Unit, and Unit and Amount product groups).
<h3>What is product and types of product?</h3>
- Consumer products and industrial products are the two primary categories into which items are divided.
- Consumer goods are those that the final consumer buys for personal use.
- The customer buys these consumer goods to fulfill his own wants and requirements.
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If the multiplier of government spending is 1.30 and government spending is increased by $150 billion, -165billion the amount by Shift of the demand curve will ultimately shift.
The spending multiplier algebra can be used to determine how much government spending would need to increase to bring the economy back to potential GDP when full employment occurs. Total Expenditure = C + I + G + (X - M).
The multiplier of government effect refers to the theory that government spending intended to stimulate the economy increases private spending, which in turn stimulates the economy. Essentially, this theory posits that government spending will bring additional income to households, leading to increased consumer spending.
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<span>Food service operators must pay attention to detail and watch their finances in order to maximize the profit they can generate through the operation of their business. There are many aspects of a food service business that have potential to be a loss, so operators must be aware of these aspects - such as loss from ordering too much food or ingredients, employee theft, and so on.</span>
Answer:
Script, Inc.
Territory and Company Income Statements
For the Month of September
Florida$ Alabama$ Company Total$
Sales
Pens 18000 12000 30000
Pencils 9000 21000 30000
Total sales [A] 27000 33000 60000
Variable cost
Pens 7200 4,800 12000
[18000*.4] [12000*.4]
[12000 Variable cost / 30000 = 0.40 per pen ]
Pencils 3600 8400 12000
[9000*.4] [21000*.4]
[12000 Variable cost /30000 = 0.4 per pencil]
Total var. cost [B] 10800 13200 24000
Contribution A-B 16200 19800 36000
D. fixed expenses 2000 3000 5000
Territory margin 14200 16800 31000
Common fixed expenses
Pen 9000
Pencil 7000
Home office <u>1000</u>
Total 17,000 <u>(17000)</u>
Net income <u>14000</u>
Answer:
Answers B,C, and D are all correct.
Explanation:
An entrepreneur is anyone who organizes and operates a business and takes on great financial risks, usually when we envision an entrepreneur we see a business tycoon sitting on top of a mountain of money, but this is not the case the majority of the time. this means the only answer that doesn't fit the entrepreneurial criteria is that they make a lot of money.
