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lesantik [10]
3 years ago
14

A market-oriented organization targets its products at "everybody" or "the average customer."

Business
1 answer:
Doss [256]3 years ago
7 0
I’d go with false ..
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For each of the following products, indicate whether you believe demand will be relatively price elastic or relatively price ine
insens350 [35]

Answer:

Note that goods that are considered in general have a broad demand and goods with broad demand are inelastic as there are no substitutes for them. Goods that are specific by nature have narrow demand and have elastic demand because consumers can switch to others if the price is increased slightly.

Hence, Mayonnaise in general, Washing machines and beer have inelastic demand as there are no close substitutes. The remaining three, namely, specific brand of mayonnaise, Chevrolet automobiles and Tesla automobiles have elastic demand as there are substitutes and consumers/users will switch to others if the price is no more favorable.

8 0
3 years ago
During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
tino4ka555 [31]

Answer:

Option (c) is correct.

Explanation:

Given that,

Labor costs = $175,000

Production order = $150,000

General factory use = $25,000

Factory overhead applied to production = $23,000

Therefore, the journal entry is as follows:

Work in process A/c Dr. $23,000

       To Factory overhead             $23,000

(To record the factory overhead applied to production)

6 0
3 years ago
If sales are $904,000 in 2019 and this represents a 13% increase over sales in 2018, what were sales in 2018?
Allisa [31]
<span>The sales in 2018 will be $800,000. Let the sales in 2018 be x and 13% increase shows 1.13x and the calculation will be done by dividing 904000 with 1.13 and the answer will be 800000. This is simple calculation as the question is showing that the sales in 2018 were less so that answer is also checked.</span>
3 0
3 years ago
Read 2 more answers
A total of 1000 residents in minnesota were asked which season they preferred
Molodets [167]
They all said winter.
Hope this helps!
7 0
3 years ago
In the context of business markets, _____ represents the fact that business buyers tend to be larger in size but fewer in number
tigry1 [53]

Answer:

concentrated demand

Explanation:

Business to business (B2B) salespeople have a very different job than regular salespeople, since every client matters and every client is VIP. B2B buyers know exactly what they want, and they will demand the best possible product at the least possible cost, specially if they are large corporations. The advantage of B2B sales is that one big sale can make a huge difference to your company and yourself. For example, companies that supply auto parts generally have only a few clients, since there are less than 10 car manufacturers in the US, but any sale involves millions of units.

7 0
3 years ago
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