The profit margin on an item the company sells can best be defined as:

Companies like State Farm, a leading property and casualty insurance company, believe that the best way to create relationships

galina1969 [7]

The type of market segmentation best captures the combination of age and interest in contemporary or alternative music is called "Demographic segmentation marketing".

<h3>What is market segmentation?</h3>

Market segmentation is to pinpoint specific customer groups so that merchandise and branding can be tailored to appeal to them. There are many different ways to segment markets, including geographically, demographically, or behaviorally.

<h3>What is Demographic segmentation marketing?</h3>

By focusing on characteristics like age, gender, income, occupation, and family status, demographic segmentation separates current and potential customers into groups.

The importance of Demographic segmentation marketing are-

You can target your marketing strategy more precisely with demographic segmentation.
It aids in vision clarification, gives future advertising plans more focus, and helps you make the most of your time, money, and resources.
You should target this group if the average age of your customers is between 20 and 35.
Companies can better grasp their potential markets thanks to these smaller sectors, which also helps them manage their time and resources.

To know more about the Market Segmentation, here

brainly.com/question/15357678

#SPJ4

8 0

2 years ago

For a comesmetics company which external factors will be particularly important to study?

WITCHER [35]

For a cosmetics company, external factors which will be particularly important to study is the social factor.

<h3>What is an external factor of business?</h3>

External factor of business refers to factors that affect the operations of the business from outside sources. These factors are uncontrollable in nature which can create both positive and negative impacts on success.

A cosmetics company should study the social factors which include the buying habits of customers regarding products, advancement of technology, and the response of the customers towards change.

Income level and education are also considered social factors which can impact the success of any cosmetics company.

Learn more about social factors, here:

brainly.com/question/12249460

#SPJ1

4 0

2 years ago

Valport Valve Company manufactured 7,800 units during March of a control valve used by milk processors in its Shreveport plant.

grandymaker [24]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Production= 7,800 units

Direct labor 40,200 hr. at $14.60

Direct material purchased 30,000 lb. at $3.00

Direct material used 22,100 lb.

The control valve has the following standard prime costs.

Direct material: 3 lb. at $2.90 per lb. $ 8.70

Direct labor: 5 hr. at $15.10 per hr. 75.50

Standard prime cost per unit $ 84.20

1) Standard production costs:

Direct material= 8.7*7,800= 67,860

Direct labor= 75.5*7,800= 588,900

Total porduction cost= $656,760

2<u>) We need to use the following formulas to calculate the direct material and direct labor variances:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.9 - 3)*30,000

Direct material price variance= $3,000 unfavorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (3*7,800 - 22,100)*15.1

Direct material quantity variance= (23,400 - 22,100)*2.9

Direct material quantity variance= $3,770 favorable

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (5*7,800 - 40,200)*15.1

Direct labor time (efficiency) variance= $18,120 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (15.1 - 14.6)*40,200

Direct labor rate variance= $20,100 favorable

4 0

3 years ago

he world supply curve slopes upward because, as the world price of a product falls: producers want to sell a smaller quantity. c

slavikrds [6]

The supply curve slopes upward represents increasing marginal costs with an increase in production.

<h3>Why does the supply curve slopes upward?</h3>

Because businesses would typically be more motivated to produce a good as its price increased, the supply curve slopes higher. Additionally, because companies are effective and would use up the cheapest manufacturing inputs first, the cost of production tends to grow as output increases.

<h3>What are the reasons why the supply curve increases or decreases?</h3>

The market becomes unbalanced as a result of a change in supply shifting the supply curve, which is then corrected by a change in pricing and demand. The supply curve changes right when the change in supply increases, while it shifts left when the change in supply decreases.

To know more about supply curve visit:

brainly.com/question/6075885

#SPJ4

5 0

1 year ago

Mr. Jones is a successful entrepreneur. He is currently planning a new business venture, but he doesn’t have sufficient funds fo

NeTakaya

Answer:

C) using his family home as collateral for a loan

E) mortgaging his factory building

Explanation:

Mr. Jones property rights include his family home and his factory building, and he is taking loans using both of them as collateral.

A: If someone sells a house or an apartment, they transfer their property rights.

B: If his company issues shares, they are not getting a loan, they are increasing their equity.

D: If someone withdraws money form a CD, they are not getting a loan.

4 0

3 years ago