Answer:
TRUE
Explanation:
Market research is the process of defining a marketing problem and opportunity by systematically collecting and analyzing data received, and then giving recommended actions. It involves gathering data about the target market needs, and analyzing such data to determine the need of the target market. It is a process that involve evaluating the possibilities of a new product success through research.
Answer:
a. The market price of editorial services increases. This will cause a(n)
C. decrease in supply.
Explanation:
The event that triggers the market price of editorial services to increase will also increase the quantity of editorial services offered, and increase the cost of economics textbooks. As a result, it decreases the quantity supplied. The producers or publishers of economics textbook may not be able to pass the increased cost to consumers. They may not even have the resources to publish more books with an increased cost of editorial services. It is only the editors who offer editorial services that will benefit from the market price increase, but only in the short-run.
Answer:
The total cost of producing the 20,000 windsocks is: $270,000.
Explanation:
COMPUTATION:
MATERIAL HANDLING OF PARTS
.
$1.00
3X20,000
TOTAL OVERHEAD COST = 60,000.
MACHINING MACHINE HOURS.
60/HR
1/minute
5 X 20,000
100,000.
PACKAGING NUMBER OF FINISHED UNITS
.
$2.00
20,000 X 2
40,000.
TOTAL OVERHEAD COST = 60,000 + 100,000 + 40,000 = $ 200,000.
Total Materials and labor
3.50 per windstocks
3.5 x 20,000
= 70,000.
The total cost of producing the 20,000 windsocks is:
= $200,000 + 70,000
$270,000 total cost.
