Answer:
The correct word for the blank space is: Market.
Explanation:
Market knowledge refers to the collection of information about the business and all its resources being offered to the market. It does not only help entrepreneurs to have a better understanding of what the firm is and what it can do but also allows them to improve the decisions they take to direct the business process towards the organizational goal.
Answer:
Which of the following is NOT a step in the strategic planning process?
E) evaluating all members of the value chain
Explanation:
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy
Answer:
Standard price= $6.1
Explanation:
Giving the following information:
The quantity of direct materials used 3,800 lbs. Actual unit price of direct materials $6 per lb. Units of finished product manufactured 1,820 units Standard direct materials per unit of finished product 2 lbs.
Direct materials quantity variance—unfavorable $976 Direct materials price variance—favorable $380.
Direct material price variance= (standard price - actual price)*actual quantity
380= (SP - 6)3,800
6.1= standard price
Direct material quantity variance= (standard quantity - actual quantity)*standard price
976= (1820*2 - 3,800)*SP
6.1= standard price
Answer:
b-the costs incurred to process the units to this point
Explanation:
Since in the question it is given that the company want to decide whether to sell partially completed goods or should incurred extra cost in order to finished the goods and sells them as a completed unit
So there should be the decision regarding selling price for the units that are completed, the selling price for the units that are partially completed and the cost i.e to be incurred for finishing the units