Answer:
The answer is Business Marketing.
Explanation:
Business Marketing is practiced by individuals and organizations alike. Business marketing is also known as Industrial marketing or Business-to-business (B2B) marketing.
This marketing involves commercial businesses, governments and institutions. In this practice, organization A sell their goods and services to other organization B rather than to the public, and organization B will in turn resell the goods and services.
Organization B can also use the goods and services to enhance their products as well.
This marketing method is a sure way to promote businesses, thereby improving profit.
An example of Business Marketing can be seen in the automobile industry where products from other businesses are used to make a car.
Another example can be seen when an office purchases supplies like coffee and stationery from another business.
Answer:
$17,000
Explanation:
Step 1: Determine the formula for the direct material used
= Beginning Direct Material Inventory + Purchases of Direct Materials - Ending Direct Material Inventory
The Work in progress values should only find expression Manufacturing Account Statement preparation of production cost.
Step 2: Fit the figures into the formula
Beginning Direct Material = $12,000
Purchases of Direct Materials = $15,000
Closing/ Ending Direct Material = $10,000
Cost of Direct Material Used = $12,000 + $15,000- $10,000= $17,000.
Note: Direct material are those raw materials in production or manufacturing that are directly used, related or traceable to the goods or products manufactured.
Answer:
Decrease consumer surplus
Decrease total welfare
Explanation:
A competitive equilibrium occurs when demand equals supply in a competitive market. A point where demand curve intersects supply curve. If a binding limit is imposed on the number of firms in the market, supply curve will fall. This results in higher equilibrium price and lower equilibrium quantity compared to the efficient outcome without the binding limit. Thus, consumer surplus will decrease (because they pay higher prices for lower quantity) and total welfare will decrease (since consumer surplus decreases).
Consumer surplus is the difference in the amount a consumer is willing to pay and how much he actually pays. Total surplus is the sum of consumer surplus and producer surplus.
Answer:
- simultaneous production and consumption,
- little standardization and
- intangible.
Explanation:
The above mentioned are the relevant characteristics of the service product experience in our scenario. and are explained as thus:
- Simultaneous production and consumption because services can be brought to you or you go to where the service is provided. This is a major characteristic in our scenario because you visit your doctor for your annual check-up.
- Little standardization: the quality of service rendered is a major tool to measure service product experience in this instance. Dr. Kapoor only checks your vitals, draws blood for testing and weighs you, if a more thorough analysis was done such as the collection of the urine sample and so on, it could have increased your service product experience.
- Intangible: The service rendered by your doctor is intangible, meaning that the whole process is not revealed to you. She tells you that you are fit and healthy and hands you a chart with a golden star on it, but the whole process of evaluation is not revealed or displayed to you.
Using technology the text could be read in the wrong tone and taken a different way , where in person you can tell how a person means something by their tone of voice along with their facial expressions and body language.