Answer:
The reason many consumers have changed their views about the value of online content so that they are now willing to pay small fees for it is that:
The costs and quality of online products and services compare with those in stores. Since online transactions are relatively more secure than physical transactions, people are generally more willing to pay for the secured transactions offered online.
Explanation:
In the modern computer age, many products and services are now being offered online. This makes the physical stores of yesteryears unnecessary. People are even ready to pay some small fee to receive these goods and services through online transactions instead of visiting physical stores to pick their desired products and services. This has reinforced online marketing and delivery of products and services. Many companies are now jettisoning their physical stores to trade online. And customers are finding the experience uplifting, secure, and satisfactory. One can transfer money to distant suppliers of goods and services without leaving their offices and homes. Overcrowding in banking halls and paper expenses are being avoided. Banks are also reducing their physical infrastructure and personnel. These are among the benefits of online content-based transactions.
Answer:
$157 per equivalent unit
Explanation:
Note: <em>The full question is attached as picture below</em>
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Conversion cost per equivalent unit = Conversion costs added during February / Equivalent units of conversion costs
Conversion cost per equivalent unit = $1,100,000 / 7000 units
Conversion cost per equivalent unit = $157.14286
Conversion cost per equivalent unit = $157 per equivalent unit
<u>Answer:</u>
A firm’s positioning statement should address their target segment. Anything else they’ll say in the positioning statement will have "no" meaning to customers who are not in that segment.
<u>Explanation:</u>
A comprehensive overview of individual's target market as well as a clear image of how one want the audience to view an individual's brand, thus understood as "positioning statement". Any promotional and advertising decision one make about an individual's brand will comply with their positioning statement and endorse this.
For example, Nike's positioning statement is "Nike builds confidence for serious athletes that provides the perfect shoe for any sport."The concept of the Positioning Statement consists of four parts:
- the target,
- the category,
- the differentiator and
- the payoff.
Answer:
Marginal cost will equal average total cost when marginal cost is at its lowest point.
Explanation:
The marginal cost curve always intersects the average total cost curve at its lowest point because the marginal cost of making the next unit of output will always affect the average total cost. As a result, so long as marginal cost is less than average total cost, average total cost will fall.
When marginal cost is below average total cost, average total cost will be falling, and when marginal cost is above average total cost, average total cost will be rising. A further m is most productively efficient at the lowest average total cost, which is also where average total cost (ATC) = marginal cost (MC).
