Answer:
"A"
Explanation:
Market enhancement is the process of improving the production line of an existing product in order to increase the value, efficiency and effectiveness giving the product a market leading status and an edge over the rivals and new entrants.
It involves research , review and upgrade of production system
This is used to ensure that an existing product has the features to withstand the competition that a new product might bring
Answer:
b. $68.65 per direct labor hour
Explanation:
Allocating based on direct labor hours, divide the total budgeted overhead cost with the actual labor cost.
$460,000/6700 hours
$68.65/hour
Cost reduction is a major advantage of outsourcing project work because companies can secure competitive prices for contracted services, especially if the work can be outsourced offshore.
Outsourcing is a business practice of employing a third party to take over tasks that were originally performed by direct employees of a company. Outsourcing is usually done as a cost reduction method including but not limited to salaries, technology, expertise, taxes, and equipment. This is possible because different organizations have different compensation structures for their employees which allows the outsourcing company to secure competitive prices for the contracted services.
Offshore outsourcing is generally an even more lucrative option as it offers expertise from around the globe, quality services with lower costs due to different costs of living, and around-the-clock services due to different time zones among other benefits.
When used properly, outsourcing is a highly effective strategy for cost reduction and provides a competitive advantage.
You can learn more about cost reduction at
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Answer:
Common stocks, long-term corporate bonds, long-term government bonds, short-term government bills.
Explanation:
Common stock is a security that represents ownership in a corporation. Owners of common stock have voting rights in electing members of board of directors. Although it's returns vary considerably, it has been observed to offer the highest returns.
Long term corporate bonds are bonds created by a corporation to raise finance for a particular project. It offers high returns in comparison to other investments option.
Long term government bonds unlike the corporate bonds, their returns is a little bit lower because they are more secured.
Short term government bills also known as treasury bills. This is the most liquid securities traded on the market backed by the government and as such have low returns. They are sold at a discount and redeemed at par value.
