Answer:
product development
Explanation:
Product development growth strategy -
It is based on the modification of the existing product , so that they appear to be new and the development of the new products and then offering the product to the current or new market .
These types of strategy are adapted , when their is no scope of new opportunity foe the new company .
The strategy of product development is used in the question statement .
Budgets that are revised by adding a new quarterly budget to replace the quarter that has just elapsed are called rolling budgets.
<h3 /><h3>What is rolling budget?</h3>
It corresponds to a more flexible and adaptable type of budget, generally used for companies whose business can be more volatile.
It is used continuously and extended, being updated during the period for the addition of new variables in the existing model. This being valid for use in the future budget.
Any type of budget is a necessary tool for organizations to be able to plan the use of their resources in a structured way that is consistent with their needs and objectives.
Therefore, a continuous or rolling budget helps companies adapt to trends, risks and characteristics of a dynamic market that is constantly changing.
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Answer: 25%
Explanation:
Employee turnover rate (ETR) = number of employees leaving/Average number of employees × 100
Number of employees leaving = 50 employees leaving voluntarily + 5 terminated employees = 55 employees
Average number of employees = 100 + 120 = 220 employees
ETR = 55÷220 × 100 = 25%
Therefore the Employee turnover Rate for the accounting period was 25%
Answer:
D
Explanation:
The cash flow statement, as the name implies, report the use of company's real cash use in three area: investing, operating and financing activities as well as cash available at the beginning of the period and the end of the period as the result of three activities mentioned above.
If the price of the steel used to produce steel falls, it would cause the price of American cars to fall.
<h3>How does the price of resources affect demand?</h3>
The price of a resource used in the production of goods can have a huge effect on the price.
If the price of steel is high, it would make the price of cars to be on the increase hence reducing the demand for the product in the market.
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