Answer:
3. Mass customization
Explanation:
Mass customization -
It refers to the strategy of marketing , where the goods and services are modified according to the taste of the consumer , is referred to as mass customization .
A huge number of people are targeted and the their likes and dislikes are considered in order to manufacture the goods and services .
It is also known as made - to - order and built - to - order .
Hence , from the given scenario of the question ,
The correct option is Mass customization .
Answer:
Total material price variance= $380 favorable
Explanation:
Giving the following information:
Material A:
Purchase= 1,000 units
Purchase price= $2.1
Standard price= $2
Material B:
Purchase= 2,400 units
Purchase price= $2.8
Standard price= $3
<u>To calculate the total material price variance, we need to use the following formula on each material:</u>
<u></u>
Direct material price variance= (standard price - actual price)*actual quantity
<u>Material A:</u>
Direct material price variance= (2 -2.1)*1,000
Direct material price variance= $100 unfavorable
<u>Material B:</u>
Direct material price variance= (3 - 2.8)*2,400
Direct material price variance= $480 favorable
Total material price variance= -100 + 480
Total material price variance= $380 favorable
Answer:
The price of domestic Cuban grapefruit for consumers will increase,option B
Cuban exports of grapefruits will increase,option B
Consumer surplus in Cuba will decrease,option A
Producer surplus in Cuba will increase.option B
Explanation:
Opening up the economy paves way for producers of grapefruit to sell their output in the international market due to the incentive provided by higher international price,hence there would less to sell in the home front,thereby pushing up domestic price.
Of course,producers in Cuba would prefer export to selling locally, as a result Cuban exports of grapefruits will increase.
Consumer would reduce because of increase in price as the surplus is the difference between local price and higher international price and conversely producer surplus increases
Answer
The demand for land will increase. and the price of land will increase.
General Motors company have embraced many of the competitive price decisions. For instance , a simple pricing strategy.
Simple pricing strategy approach involves setting of prices which depends upon what your rival companies are offering as well as maintaining the quality of the products and services offered by you.
In this case, you should increase the number of sales by initiating different types of discounts.
This price decision taken by simple pricing strategy is optimal since it has maximized the profits on all products and services offered by General Motors Company.
Price adjustments could be made by understanding our customer needs and the quality of the product or services the customers want. The profit consequences in terms of price adjustment are relatively high since we are able to exceed the production than the demand.
To know more about simple pricing strategy here:
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