Answer:
C, first mover
Explanation:
A first mover is the first entrant to a particular market. That is, the first to start the manufacture of a certain product.
A first mover strategy is a strategy that allows a firm have control of a market as well as gain competitive advantage. It also helps to give an almost monopolistic control of the market as it can dictate the prices of the product in the market.
Cheers.
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Yes a reduction in market price will lead to an increase in quantity demanded.
Explanation:
It is true that when price decreases demand increases as these two factors affects each other inversely. There is a negative relationship between price and demand and it is known as Law of demand.
If the price increases , the quantity demanded falls down (but demand itself stays the same). If the price falls down, quantity demanded goes up. People who were demanding less due to the high price will demand more if price falls as this will not affect the their pocket more as earlier.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
The manufacturing of clear glasses takes 45,000 direct labor hours. The traditional method applies $560,000 of overhead based on direct labor hours.
We need to calculate the manufacturing overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 560,000/(45,000 + 115,000)= $3.5 per direct labor hour
Now, we can allocate the overhead to clear glasses:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 3.5*45,000= $157,500
It seems that you have missed the given options for this question, but anyway, the correct answer that would best complete the given statement above would be GROWTH. During GROWTH stage of the product life cycle, there are few but increasing number of competitors. Hope this answer helps.
