Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system?

You are responding to an RFP from a medium-sized company in another state. The RFP explains that the company wants to begin manu

lara [203]

Answer:

Overview

According to the RFP received, it is comprehended that the client wants to establish a business of manufacturing wooden toys for children. The key differentiator or unique selling point (USP) of the toys would be strong branding and marketing of the product. This will create a three value axis of Trust, Safety, and Identity.

The client is searching for strategic partner to establish the business to deliver and implement the strategic vision for the next five years. The following are the basic five essentials associated with strategic business plan:

• Mission statement

• Vision

• Strategic critical factors

• Objectives and strategic goals to be achieved.

• Implementation strategies

Approach:

Today, the toy market is overcrowded with many types of toys, each having a unique value proposition and targeting specific age brackets in children. Marketers treat children as a separate demographic segment. Hence, conduct detailed research on this segment to identify classifying the patterns buying behavior.

The especially planned framework would create our business plans for hyper competitive marketplaces. The approach to create the plan is shown below:

• Defining the scope of the product: It includes target marketing, selling channels and targeting demographics of children.

• Understand the market: the main 5 elements in this stage are competition in the market, existing suppliers, and purchasing power of buyers, substitute products, and entrance barrier.

• Positioning of brand: It includes segmentation, identification of potential market, targeting, positioning, communicating, and positioning.

• Manufacturing and distribution of products: it includes the acquisition of raw material, machinery, developing distribution channel, and supply chain management.

• Finance calculation and Human Resource: it includes calculation of revenue, profits, Return on investment, taxation, and other various measures.

Timeline:

According to RFP details, it is estimated time duration to create a business strategy is 8 months. The timeline is shown below:

• Defining the scope – 1 month

• Understand the market – 3 months

• Positioning of brand – 2 months

• Manufacturing and distribution of products – 1 month

• Finance calculation and Human Resource – 1 month

Introduction of business:

Our agency has been serving companies to succeed over years. We have functioned with multiple companies having wide range of experience in this sector. We have functioned with extensive clients and helped them to achieve a reliable growth rate. We are fully engaged with the client and facilitate them to develop designing of the business plan.

The experience and promise towards the success of our partners helped us grow. We have positioned as a medium-size business counseling firms. We help our clients to have clear goals. We help to grow the understandings and approach towards the business.

4 0

3 years ago

the two principal policy tools that the federal government uses to manage economic conditions are monetary policy and fiscal pol

steposvetlana [31]

Monetary policy is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, fiscal policy uses government spending and taxation to do the same.

<h3>What is monetary and fiscal policy?</h3>

Fiscal policy are the steps taken by the government to change the business levels in the economy. The tools of fiscal policy are taxes and government spending. Fiscal policy can be expansionary or contractionary.

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

Monetary policy are policies taken by the central bank of a country to shift aggregate demand. The tools of monetary policy are open market operations, reserve requirement and discount rate.

Expansionary monetary policy are polices taken in order to increase money supply. Contractionary monetary policy are policies taken to reduce money supply.

To learn more about monetary policy, please check: brainly.com/question/3817564

#SPJ1

7 0

2 years ago

Unit 1 Quiz Submit 6 A market economy has several benefits, but it also has some drawbacks. What is one negative effect a market

Lesechka [4]

Answer:

A. It creates extreme divisions between the wealthy and the poor

Explanation:

The market economy is profits driven. The prices of goods and services, including essential goods, are set to generate profits for the producer. Only people with resources are able to acquire these goods.

The market economy creates social inequities as those with fewer resources will always afford little. Meanwhile, owners of the factors of production continue making profits and growing more wealthy. Economies with a market economy will have people at both extreme ends of wealth; those with a lot and those who barely have any

6 0

3 years ago

(d) Which type of wholesalers operate on a self-service basis where other traders pick, pay and transport goods on their own

geniusboy [140]

Answer:

i dont know how is it huh090889

5 0

2 years ago

If luke can bake bread at a lower opportunity cost than jason, and jason can produce paintings at a lower opportunity cost than

ankoles [38]

Answer:

The correct answer is option d.

Explanation:

Comparative advantage refers to the situation where an individual, firm or nation can produce a good at a relatively lower cost than its competitors.

Luke can bake bread at a relatively lower opportunity cost while Jason can produce paintings at a relatively lower opportunity cost.

This implies that Luke has a comparative advantage in baking bread and Jason has a comparative advantage in making paintings.

Luke specializes in baking bread and Jason specializes in making paintings.

8 0

3 years ago