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alex41 [277]
3 years ago
7

When a packer in the frozen foods section of a grocery store labels a meat steak with little or no fat as "AA" and another meat

steak with more fat as "AB," the packer is primarily engaging in the marketing function of _____.
Business
1 answer:
NikAS [45]3 years ago
7 0

Answer:

Grading

Explanation: Grading is the process of separating products based on their level of similarity,as the packer tries to separate and label the meat with little or no fat as ''AA'' and another with more fat as ''AB''. This is to ensure easy accountability an to help the consumer in making choice.

Grading system helps for easy tracking of the stock level of different food products available in the grocery store.

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Suppose that Australia imposes a tariff on imported beef. If the increase in producer surplus is $100 million, the increase in t
hram777 [196]

Answer: False

Explanation:

A tariff is a tax that is imposed by the government of a particular country in order to curtail the number of imported goods brought into the country.

Based on the above scenario, the reduction in consumer surplus is not $500 million but rather $600 million which is the addition of $100 million, $200 million and $300 million.

Therefore the question is false.

6 0
3 years ago
The chapter's "Continuity and Change" section mentions religious societies that advocated a return to strict and uncompromising
pogonyaev

Answer:

The Jesuits.

Explanation:

The Jesuits are a member of the Society of Jesus, a Roman Catholic order of priests founded by St. Ignatius Loyola, St. Francis Xavier, among others in 1534, to do missionary work. The order was opposed the Reformation. It has retained an important influence in Catholic thought and education, even though it has suffered periodic persecution.

The basic continuity in any human endeavor is found in the goals that it pursues, and in how we cope with the intentions of pursuing them. A society or a profession is recognizably one and the same throughout a long history because its pursuit of a goal is always the same. These goals may be looked at from two points of view, abstract values or as concrete embodiments of those values. The kind of change that we are experiencing today and the sort of adaptation that we are making seem to fall largely into the most profound kind of adaptation, both in the Church and in the Society of Jesus.

3 0
3 years ago
Activity-Based Costing: Selling and Administrative Expenses
lutik1710 [3]

Answer:

a) Total Sales order $60,000 and total Shipping is $28,000

b) Per unit sales order processing cost = $2.18 and shipping activity cost per walking shoe = $1.02

Explanation:

The question is divided into two parts

Part 1 ) Determine the Total Activity Cost as follows

Activity                                    Order               Rate             Total (Order x rate)

Sales Order Processing       5000 orders     $12/order        $60,000

Shipping                                1400 shipments $20/shipmt    $28,000

Total                                                                                          $88,000

Part 2)

a) Per-unit sales order processing cost

What is the sales order activity cost $60,000 and the number of walking shoes =27,500

Therefore Per unit cost = $60,000 / 27,500 = $2.18 per unit

b) Shipping activity cost per walking shoes

Shipping cost = $28,000 and the number of shoes 27,500

Per Unit Cost of shipping = $28,000/27,500 = $1.02 per unit

The total Activity cost therefore is $2.18 + $1.02 = $3.20

3 0
3 years ago
You are saving for retirement. To live​ comfortably, you decide you will need to save $ 4 million by the time you are 65. Today
olasank [31]

Answer: $50,846.3701

Explanation:

Need to save $4 million to live comfortably,

Interest rate, r = 3%

N = 40 years

Present\ value=\frac{FV_{N} }{(1+i)^{N}}

Present\ value=\frac{4,000,000 }{(1+0.03)^{40}}

Present\ value=\frac{4,000,000 }{3.262}

                             = 1,226,241.57

Present\ value\ of\ annuity= C\times\frac{1}{i}\times(1-\frac{1}{(1+i)^{N}}) + C

1,226,241.57= C\times\frac{1}{0.03}\times(1-\frac{1}{(1.03)^{40}})+C

1,226,241.57= C\times\frac{1}{0.03}\times(1-\frac{1}{(1.03)^{40}})+C

1,226,241.57=C[\frac{1}{0.03}\times(1-0.3065)+1]

1,226,241.57=24.1166\times C

C=\frac{1,226,241.57}{24.1166}

         = $50,846.3701

Hence, $50,846.3701 will be the annual payment to have $4 million in the account on 65th birthday.

7 0
3 years ago
The fifth step of the financial planning process is to create and implement the financial action plan. What is involved in this
alexgriva [62]

Answer:

Developing an action plan that identifies ways to achieve your financial goals.

7 0
2 years ago
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