I would say false because 'personal' is in the name. Your work doesn't really need to know the exact details (might depend on the business tho).
Answer:
Purchase decision process
Explanation:
A purchase decision process is defined as the thought process that goes into buying a certain product. This thought process include the buyer identifying a need, creating options, seeing different brands and then finally buying the product.
Purchase decision could be either minor or major. Purchasing things like tea, toothpaste, etc require minor decision processes while buying a house or piece of land involves major decision processes.
As in the question, Becky now has to under purchase decision process as to buying soccer cleats for her daughter. This decision will involve buying a brand that won't shrink as a result of weather changes or wear out easily, etc
I hope this helps.
Answer:
The Question is Incomplete; Full Question is as follows;
Using variable costing, what is the contribution margin for last year?
<em>Contribution Margin = $362,900</em>
Explanation:
Computation of expenditure margin by differential costing;
<em>Sales </em><em>Minus </em><em>variable cost </em>
= $1,558,000
- Variable cost of Manufacturing(190,000 units *$1.84)
= $349,600
— variable sales and administrative costs(190,000 units *$4.45)
= $845,500
= contribution margin = $362,900
<em>Keep in mind that; </em><em>Set or Fixed expenses and overhead costs are not taken into account when trying to calculate the contribution margin.</em>
