Answer: Market penetration
Explanation:
The market penetration strategy is one of the type of alternative growth strategy in which it mainly focus on gaining the high marketing share by selling the products and various types of services in the market.
The main advantage of this strategy is that the products are quickly adopted in the market and we also gain some effective incentives.
The market penetration strategy focuses on the organization growth and selling the products to the existing customers.
Therefore, Market penetration strategy is the correct answer.
The correct answer is: [A]: "static process" .
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<u>Given:</u>
Metals produced = 5000
Standard price for gold = $800 per ounce
Cost of 1100 ounces of gold = $875000
Gold used for production = 1000 ounces
<u>To find:</u>
Direct material price variance
<u>Solution:</u>
To calculate the direct material price variance we have to use the following formula,
On plugging-in the values we get,
![\Rightarrow( 800 - [ \frac{875000}{1100} ] )\times1100](https://tex.z-dn.net/?f=%5CRightarrow%28%20800%20-%20%5B%20%5Cfrac%7B875000%7D%7B1100%7D%20%5D%20%29%5Ctimes1100)
On solving we get,
Therefore, Phelps's direct materials price variance for the month is $5000.
Answer: a movement along the demand curve.
Explanation:
When the price of a good changes, demand is supposed to react to that by moving along the demand curve because the demand curve is a visual representation of the goods demanded by people at various prices.
For instance, if the price of a normal good increases, the demand will likely decrease and there will be a movement up the demand curve to show that less goods are being demanded. The reverse holds true.
