<span>The answer is True. The four factors mainly used for production is, Land(means natural resources and technology), labor(working people for dedication to work), capitol(investment and government assistance totally that represent services) and entrepreneurship(the activity of setting up a business).</span>
Mass Marketing is the targeting strategy that focuses on common consumer needs, as opposed to different needs. The main focus with mass marketing is to promote a good or service to a large audience that will appeal to as many consumers as possible.
Answer:
Option C
Explanation:
Entry: DEBIT CREDIT
Work in Process Inventory 16,640
Manufacturing Overhead(w) 4,160
Wages Payable 20,800
Working: Manufacturing Overhead = 20,800 x 40% = $4,160
Note: In order to find out the work in progress and manufacturing Overhead we will consider sum of all direct cost as Work in progress and allocate the sum of indirect to Manufacturing Overheads.
With perfectly inelastic demand the price changes, but the amount purchased remains the same. Prices or quantities are fixed and are unaffected by the other variable when demand is perfectly inelastic. When a price change results in an exact proportional change in the quantity required, this is known as unitary demand.
When a buyer's desire for a product does not fluctuate as much as a product's price change, this is known as inelastic demand. Demand is said to be inelastic when the price rises by 20% while the fall in demand is just 1%.This problem frequently arises with common household goods and services.
People will continue to buy roughly the same amount of goods or services after a price increase since their needs remain the same. Similar circumstances apply when prices are reduced; demand won't rise significantly.
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Answer:
The correct answer is letter "A": Opportunities exist for a blue-ocean strategy to invent a new industry or distinctive market segment that creates altogether new demand.
Explanation:
Late-mover advantages are those that companies try to use based on the experience of previous companies dedicated to similar businesses to find out if it was successful or not considering factors such as consumer's tastes or product prices. Late-movers oppose first-movers since the second strategy relies on an attempt of introducing a new product to the market to avoid competition but the risks and challenges for market entry are higher.
