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WARRIOR [948]
3 years ago
14

Type the correct answer in the box. Which marketing-related concept is described in the following scenario? The booming Industri

al Revolution brought about an increase in the manufacturing of products. There was a strong emphasis on manufacturing a large number of products at the most reasonable cost. This marketing concept is called the _______ .
Business
1 answer:
DanielleElmas [232]3 years ago
4 0

<u>Answer: </u>Production concept

<u>Explanation:</u>

Production concept is based on concentrating on the efficiency of the production and manufacturing. The basis of production concept is to make the goods available to the consumer at affordable prices. By producing in mass quantities the companies believed they can reduce the cost of production.

Also that supply can be increased when the cost of production is lower. Economies of scale can be achieved by the company when they reduce cost of production they can increase their profit earning capacity.

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What are welfare payments or consumer subsidies in south africa
Tamiku [17]
Welfare payments are usually made in cash equivalents that can be used be the recipient for a variety of goods and services. Consumer subsidies are used for one thing, such as food.
5 0
3 years ago
On January 1, 20X9 Pathlon Company acquired 30 percent of the common stock of Sopteron Corporation, at underlying book value. Fo
Ksenya-84 [330]

Answer:

increase in investment = 16,500

Explanation:

Given data:

net income $55 000

Gain $40,000

PATHLON SHARE IN SOPTERON 30%

according to Wquity method, the increase in investment can be determined as following

increase in investment = share of net income - dividend

putting all value to get increase in investment value

increase in investment = 55000\times 30% - 0

                                       = 55000\times 0.30

                                       = 16,500

8 0
3 years ago
Which of the following describes accrued revenue? (Check all that apply) Multiple select question. The adjustment causes an incr
vaieri [72.5K]

Answer:

  • The adjustment causes an increase in an asset account and an increase in a revenue account.
  • Accounts receivable is usually increased when accruing revenues.
  • They refer to revenues that are earned in a period, but have not been received and are unrecorded.
  • They refer to earnings which have been earned but not yet billed.

Explanation:

Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.

When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.

6 0
3 years ago
The manager of a manufacturing company knows that they will need a new machine in one of their factories. The new machine will c
s2008m [1.1K]

Answer:

The company will make monthly payments of $299.71 for three years.

This means a total payments of $10,789.60 after the 36th month with an interest charge of $164.60.

Explanation:

a) Data and Calculations:

Cost of new machine = $12,500

Down Payment 15%  =       1,875

Amount financed through a credit union = $10,625

Interest rate charged by the credit union = 1% per year compounded monthly.

From an online finance calculator:

Monthly Payment = $299.71

Sum of all periodic payments = $10,789.60

Total Interest = $164.60

4 0
3 years ago
A bank installed an ATM. After several months of operation, a sample of 100 customers showed the following use of the ATM in a m
Fed [463]

Answer:

a. 25 is the correct answer b. yes

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3 years ago
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