Forced distribution method is the oldest method used in various industries to evaluate the performance of any class of employees based on some standard norms as set by the company under this method.
It basically distributes each class of employee into category of management, lower, middle or upper.
This is forced because there is no change in such evaluation method, despite even the change in the company's working style is there.
But in the given instance the company has followed this forced distribution.
Green marketing involves advertising products, goods and services that are Eco-friendly or beneficial to the environment.
Green marketing is very important because it helps customers to get to know the green advantages product has and how committed an organization is towards environmental sustainability. It is also a medium through which the society can be enlightened about environmental sustainability.
Disadvantages of Green marketing.
•Getting green certification is expensive and tedious.
The independent decisions of individuals in the marketplace determine the answers to the fundamental economic questions.
Explanation:
The study of Economic Science allows us to understand the fundamental premises that govern the functioning of market economies. A market economy operates freely - the decisions of the economic agents are independent - which leads us to understand determining questions, such as how much to produce and how much to employ.
A market economy operates under the logic of the interaction between supply and demand of goods and services, so that companies act in a system of competition, via prices, for market share. Thus, consumers benefit from competition and the role of government is only to ensure the right environment for economic transactions.
An adjustment to retained earnings is necessary when when there is a change from LIFO to FIFO.
Calculating the effect on retained earnings:
- In the year 1 company followed LIFO and recorded ending inventory at $177500. Had it followed FIFO it would have recorded at $195000. So there would be increase in income of $17500 (195000 - 177500).
- In year 2 it followed LIFO and recorded opening inventory at $177500 and closing inventory at $355000 and thereby recording Net closing stock of $177500 (355000 - 177500). Had it followed FIFO it would have recorded a net stock of $195000.(390000-195000). So there would be increase in income by of $17500 (195000 - 177500).
So in total of 2 years there would be an increase of $35000 Net income i.e., Retained earnings and increase in stock value of $35000.
This is an example of how technological forces are applied to industry.
Explanation:
This here is a clear example of how an industry can enjoy benefits of technological up gradation and also goes on to show how we can apply such technological up gradations to a particular industry.
The example given in the question of such an ink which can print circuitry, is a huge game changer in the industry as the cost of radio frequency tag would be driven down , giving the chance to the firms in the industry to book more profit than before.
