Answer:
Consumer Involvement
Explanation:
Consumer Involvement refers to the level of importance a consumer places on a purchase. The consumer factors in the personal, social and economic significance of the product before going ahead to make the purchase. The levels of consumer involvement could be of three types, namely; low, medium and high involvement.
A low involvement purchase is one in which the consumer does not give so much thought to before making the purchase. Example is household products like detergents. Medium Involvement purchase are those in which the consumer puts in some thought before acquisition. An example could be new clothes. High Involvement purchase require considerable thought and research before the purchase is made. An example could be a new car.
Answer:
1. B
2. A
3. D
4. C
Explanation:
1. Activity variance
B) the difference between a revenue or cost item in the flexible budget and the same item in the planning budget.
The activity variance is as a result of difference between the actual level of activity in the flexible budget to the assumed level of activity in the planning budget.
2. Planning budget
A) a budget created at the beginning of the budgeting period that is valid only for the planned level of activity.
Planning budget is a process of evaluating earnings and expenses and project their monetary intakes and outtakes for the future made by an individual or company.
3. Flexible Budget
D) a report showing estimates of what revenues and costs should have been, given the actual level of activity for the period.
Flexible budget adjusts with changes in volume and activity
4. Spending variance
C) the difference between the actual amount of the cost and how much the cost should have been, given the actual level of activity
This is unfavorable if the actual cost is greater than what the cost should have been and favorable if the actual cost is less than what the cost should have been.
answer:
explanation: Pressure = force / area
P = 20/ 1×0.6
P = 20/0.6
P = 33,33 N/m^2
Answer:
Line and staff organization
Explanation:
Marvelous Motor practice line and staff organization.
Line and staff organization refers to when specific and supportive roles are attached to the line of command by assigning staff supervisors and staff specialists who are attached to the line authority.
The executives(managers of each type of vehicle) holds the power of command and staff supervisors(financial and legal department) guides, advices and council the line executives.
Answer:
The decisions of one seller often influence the price of products, the output, and the profits of rival firms.
Explanation:
An oligopoly is a market structure where there are only a few sellers. Therefore, around two or more firms have control over the market. Collectively, they can influence the prices and supply.
This ultimately results in high-level competition between these sellers. Since there are a few sellers in the oligopoly structure, each of these company's profit levels not only depends on the decisions made by them but also on the decisions made by their rival firms.
Hence, option no. 3 "the decisions of one seller often influence the price of products, the output, and the profits of rival firms" is correct.
