Form
Form refers to the product or service you offer your customers. Your marketing team carries out research into customer needs to develop a specification for a product or service. Your product development team can then develop a product or service that meets customers’ needs and provides your customers with important business benefits such as lower costs, improved productivity, easier installation or stronger competitive advantage. Your marketing team is creating utility by transforming customers’ needs into product or services that deliver added value.
Place
The utility of place refers to the availability of a product or service in a location that is convenient to your customers. In business marketing, place can refer to the convenience of your distribution channels or direct sales operations. By improving the utility of place, you are ensuring that your customers will find it convenient to buy your product. If you market services, you can improve utility for your customers by developing self-service facilities on your website, for example. Customers can find answers to straightforward technical problems or post questions on a forum where your team or other customers can provide answers
Answer:must be long lived and used by the company in its normal operations.
Explanation:
Answer:
The desired profit from the sale and production of K is 10% of invested amount=10%*$1285000
=$128500
cost per unit =$18.68
b.total manufacturing cost=$18.68*50000=$934000
cost per unit remains=$18.68
Profit per unit =$2,57
markup %=2.57/18.68=13.76%
Selling price =cost+mark up
=$18.68+$2.57
=$21.25
Explanation:
I have attached an excel file for further understanding on the formulas used above,please check out the file in order to gain better insights into the exercise.
The inventory that will be reported on the balance sheets is $43000 while the cost of goods sold is $455000
Your question is incomplete. A similar question will be used on guiding you. Let's assume the following figures:
- The <em>net realizable value of ending inventory</em> = $43000
- <em>Historical cost of ending inventory</em> = $58000
- <em>Cost of goods sold</em> = $440000
To know the inventory amount that will be reported on the balance sheets, you've to select the lowest between the net realizable value of the ending inventory and the<em> historical cost</em> of ending inventory. The lowest is $43000.
The<em> cost of goods sold</em> that'll be reported will be:
= $440,000 + $15,000
= $455,000
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