Which of the following does not affect the cost of automobile insurance

A higher price point should create value for the customer. The buyers need to know that they are paying for __________, or an un

nlexa [21]

Answer:

Differentiation.

Explanation:

The concept of value for the customer corresponds to the expectation that the product will meet the needs, desires and features that he expects.

The customer's perception of the concept of value is affected in rational and irrational ways, such as brand image, product performance, high price, etc.

Therefore, when a company offers a product at a higher price, it is passing on to the consumer the higher production cost of an item, which has features that add greater value and functionality, such as differentiation, personalization or an unforgettable customer experience.

Differentiated products are those produced in a more heterogeneous way compared to standard products, therefore differentiated products have distinct characteristics that add greater value, such as new features, technology, design, durability, style, etc.

3 0

3 years ago

The shortest possible time an activity can be completed realistically is called ___________ time.

alexira [117]

The shortest possible time an activity can be completed realistically is called crash time. In project management crash time is a method that is used to shorten the length of a project. To do this, the team will decided on a crucial part of the project they can complete in less time than normal. This speeds up the projects completion time and allows for more work to be completed.

6 0

3 years ago

Which of the following helps economists judge the overall condition of a

Svet_ta [14]

Answer:

Measuring economic indicators helps economist judge the overall conditions of a country's economy.

Explanation:

7 0

2 years ago

When a country's economy is producing at a level that exceeds its potential gdp, the standardized employment deficit will show a

Alla [95]

Answer:

smaller deficit.

Explanation:

A smaller deficit than the current deficit is the ideal answer to fill the gap. A deficit occurs when expenditures are greater than revenues, so in an economy with a surplus, revenues will be larger than expenses, so the standardized employment deficit will be smaller than the current one, because an economy with a GDP that exceeds its potential , is an economy that is expanding, production is larger, which consequently increases the employment rate and decreases the deficit.

5 0

3 years ago

Water Technology, Inc. Incurred the following costs during 20xt. The company sold all f ts products manufactured during the year

Thepotemich [5.8K]

Answer:

Part 1

Variable Costs

Direct material $5,000,000

Direct labor $2,400,000

Fixed Costs

$

Utilities (primarily electricity) 120,000

Depreciation on plant and equipment 220,000

Insurance 150,000

Supervisory salaries 400,000

Property taxes 230,000

Salaries of top management and staff 372,000

Office supplies 45,000

Depreciation on building and equipment 80,000

Part 2

Forecast the 20x2 cost amount for each of the cost items listed

Direct material ($5,000,000 x 1.20) $6,000,000

Direct labor (2,400,000 x 1.20) $2,880,000

Utilities (primarily electricity) $120,000

Depreciation on plant and equipment $220,000

Insurance $150,000

Supervisory salaries $400,000

Property taxes $230,000

Salaries of top management and staff $372,000

Office supplies $45,000

Depreciation on building and equipment $80,000

Explanation:

Variable Costs vary with the level of production. Examples are Direct Materials and Direct labor.

Fixed Costs remain constant for any production level. Examples are Depreciation and Utilities such as electricity.

A growth in Sales will affect the Variable Costs only. As production increases to meet the 20 percent growth in sales so do these costs since they vary in direct proportion to the level of production.

4 0

3 years ago