Hello!
The term "differentiation" refers to what sellers do to make their products different, or stand out, from competing products.
A few forms of differentiation are through:
- Pricing (more expensive or less expensive than competitors)
- Form (size, shape, structure, etc.)
- Performance (performing better or more efficiently than competitors)
- Reliability (lasting longer than competing products)
For example, Tesla differentiates itself through offering appealing (stylish) electric cars that are energy-saving and more efficient than other electric vehicles. Pricing is also reasonable for what the company offers, but expensive relative to most common gas-powered cars.
I hope this helps you! Have a lovely day!
- Mal
Answer:
Consider the following analysis.
Explanation:
The above regression is a normal probability plot to check the assumption that the errors have a normal distribution.
In normal probability plots, deviations from a straight line suggest departures from normality.
By looking at the plot, we can say that the assumption of Normality is not appropriate with the data.
Answer:
$320.
Explanation: Opportunity Cost is an economic term used to describe the benefits foregone in order to satisfy another want. The opportunity cost of Dana is calculated as follows.
The hours spent baking cookies is 4hours, the amount per hour when Dana is working as a Yoga instructor is $80, total amount forgone (Opportunity Cost) of Dana when baking cookies is 4hours*$80=$320.
What are your answer choices?
Answer:
a. 7400 U
b. 4120 U
Explanation:
A.Calculation to determine the labor rate variance for the month
Using this formula
Labor rate variance=(SR-AR) * AH
Let plug in the formula
Labor rate variance=[20.60-(153,180/7400)]*7400
Labor rate variance=(20.60-20.70)*7400
Labor rate variance=0.1*7400
Labor rate variance=7400 U
Therefore is Labor rate variance 7400 Unfavorable
b. Calculation to determine the labor efficiency variance for the month
Using this formula
Direct Labor Efficiency Variance = (Actual Direct Labor Hours Worked * Standard Labor Rate) - (Units Produced * Standard Direct Labor Hours per Unit * Standard Labor Rate)
Let plug in the formula
Direct Labor Efficiency Variance = (7400 hours x $20.60) - (1500 units x 4.8 hrs* $20.60)
Direct Labor Efficiency Variance = $152,440 - $148,320
Direct Labor Efficiency Variance = $4,120 UnFavorable
Therefore the labor efficiency variance for the month is $4,120 UnFavorable
