Answer:
Sunk cost
Explanation:
Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered when making future decisions
Differential cost refers is difference between the cost of two different decisions.
Replacement cost is a the cost incurred in replacing an essential asset.
Answer:
B. operational decision
Explanation:
Scheduling personnel is an example of an operations management: operational decision
Answer:
curvilinear relationship
Explanation:
Based on the information provided within the question it can be said that this is an example of a curvilinear relationship. This term refers to a type of relationship between two variables in which, when one increases the other one does as well, up until a set point. Once the first variable hits that point it can continue to increase but the second variable will begin to decrease. In this scenario the market can continue to grow and will cause the new product to grow as well, but once the market becomes saturated with similar products, the sales of the product will start to decline even though the market is still growing.
The correct option is (c) benefit segmentation.
Benefits segmentation is a sort of market segmentation that divides consumers into groups according to the advantages and perceived worth of the products and services they can purchase. Additionally, it might entail classifying clients in accordance with functional advantages such features, quality, and customer service.
Benefit segmentation is a technique for market segmentation that entails dividing your customer base into groups according to the benefits customers perceive they will get from your product. This may entail classifying consumers in accordance with their perceived value for things like quality, features, customer service, etc.
Learn more about Benefits segmentation here
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Answer:
C. the firm should produce if its price exceeds average variable cost.
Explanation:
WHen average total cost is less that price, this means you are making a profit, and since they are in the equilibrium sate with Margina revenue being equal to marginal cost, they are in the sweet spot of production, so the only thing left for them is producing if its price exceeds average variable cost, and that would maximize their profits.
