A modification to a product that changes the taste, texture, sound, smell, or appearance is a <u>style modification.</u>
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Product modification is the process of improving already-existing items by making the required adjustments to their nature, size, packing, colour, and other attributes in order to better meet changing market demands. The goal of the product change is to retain current demand, draw in new customers, and effectively compete with rivals.
The company's earnings improve as a result of increased sales, which are aided by this. The product's look is altered as part of the style enhancement plan. Nevertheless, a product's quality never changes. Here, the product's packaging or its shape, colour, or other characteristics may be altered. The fashion business frequently employs this tactic.
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Answer: The correct answer is "d. Statements II and III only.".
Explanation: Assuming that the firm is a profit maximizer in a perfectly competitive situation, the firm will:
- II. Decrease the average wage.
- III. Reduce the number of worker-hours it hires.
The form that you need to complete is called the Form W-4. This is use to compute the correct withholding tax of the employee base on written status, tax credits and allowances, other income and others. Should there be changes in any of those written above, the employee must update this form.
Answer:
b. Less is produced
Explanation:
The Principle of diminishing returns to capital states that as more unit of capital is added, a point will be reached where a decline in the marginal product will be encountered.
This simply means that for every additional unit of capital invested in the business, a less than proportionate increase is seen, this simply means that there will be a decrease in marginal productivity.
