A fixed cost is an ammount that is set for something a variable cost is a price that can change hope this helps
Answer:
Option A, “the substitution effect dominates the income effect” is correct.
Explanation:
If the real wage increases then the opportunity cost for leisure will also increase. Therefore, an increase in real wages and a rise in the opportunity cost of leisure induce labor to supply more workforce or labor force. This is known as the substitution effect. Moreover, when this substitution effect is greater than the income effect then the supply curve for labor is upward sloping.
The new product development begins with the idea generation.
<u>Explanation:</u>
The five basic stages of new product development (NPD) are as follows,
- Idea generation: This is the first and foremost process of NPD. It is systematic search for new ideas from internal and external sources.
- Idea screening: Filtering the best ideas from all the selected ones.
- Concept development: Developing the reliable concepts with the help of SWOT analysis.
- Marketing strategy development: Description of the target market, outline of the product’s planned price and planned long-term sales
- Business analysis: Review of the sales, R&D, operations and efficiency ratio measure.
- Product development: Developing a successful prototype
- Test marketing: The proposed marketing program and the developed product is released in the realistic market.
- Commercialisation: Introducing the developed product finally and permanently into market.
Answer:
I got this from the internet bc I lazy : The rule of thirds is a composition guideline that places your subject in the left or right third of an image, leaving the other two thirds more open. While there are other forms of composition, the rule of thirds generally leads to compelling and well-composed shots.
Explanation:
hope this helps tho
Answer:
C
Explanation:
In a job order cost system, costs are assigned to each job or batch.
A job may be for a specific order or inventory.
Product cost are traced to individual inventory items and manufactured to order. Cost records must be maintained for each distinct product job.
A key feature to identify it is that each job or batch has its own distinguishing characteristics.
The objective of the system is to compute the cost per job.
Measures costs for each job completed, not for set time periods.
Typically used by companies that make unique or special order products, such as customized publications, built in cabinets, or made to order draperies.