The level which indicates the point of maximum economic efficiency IS THE LOWEST POINT ON AVERAGE COST CURVE.
The average cost curve is the curve that graphically represents the relationship between average cost by a company and the product produced. The point of maximum efficiency on the curve is the lowest point on the curve.
Answer:
Raw materials used during November was $34,800.
Explanation:
The formula for Raw Materials Used is given below:
Opening Raw Materials + Purchases - Closing Raw Materials = Raw Materials Used
Putting Values:
⇒ Raw Materials Used = 7,600 + 31,500 - 4,300 = $34,800.
Thanks!
Answer:
39,577 million euros
Explanation:
Calculation to determine the what was its gross profit
Using this formula
Gross profit=Net income+Operating expenses
Let plug in the formula
Gross profit=23,561 million +16,016 million
Gross profit=39,577 million euros
Therefore gross profit will be 39,577 million euros
Answer: Marketing plays an important role in establishing relationships between customers and the organizations offering to the market. ... The marketing function is also tasked with the branding of the organization, participation in publicity activities, advertising and customer interaction through feedback collection.
The Marketing Department plays a vital role in promoting the business and mission of an organization. ... It is the Marketing Department's job to reach out to prospects, customers, investors and/or the community while creating an overarching image that represents your company in a positive light.
The marketing concept is based on the “right” principle. The marketing concept is the use of marketing data to focus on the needs and wants of customers in order to develop marketing strategies that not only satisfy the needs of the customers but also accomplish the goals of the organization.
The roles of the employee in the marketing departments are:
1. Oversees the marketing department
2. provides direction and feedback on major projects.
The accounting departments oversee the cash flow of the company also helps in terms of budgeting.
Explanation:
Answer:
It reduces the total no of hours that employees work.
Explanation:
Flextime schedule is a type of work arrangement where employees are allowed to select a convenient time to work as it may suit them , compared to the traditional work schedule method where the operation hours is outlined by the management .
It comes with a lot of advantage over the traditional work schedule as listed in the scenario given except that the total no of hours worked by employees remain the same. It has no overall effect on the no of hours worked but the flexibility that allows convenience and increased productivity.
