Answer:
true
Explanation:
Services are different than products because they:
- products can be stored for future use while services perish immediately after being performed or if they are not consumed, e.g. unsold spaces in a theater cannot be stored for later use ⇒ Perishability
- products are tangible, while services cannot be measured, weighted, etc. ⇒ Intangibility
- products can be mass produced and can be homogeneous, while services are unique because every time they are consumed, the experience varies depending on the conditions and circumstances that surround it ⇒ Heterogeneity
- You can own and transfer the title of a product, while you cannot transfer the title of services, e.g. you rent the room of a hotel for a night but that doesn't make you owner of the room ⇒ Ownership
- Products are independent and separate from the people or machines that produce them, while services cannot be separated from the people or things that provide them ⇒ Inseparability
Excessive spare parts inventories, a lack of transferable employee skills, increased support costs.
Answer:
D) it presumes there will be economic gains even if output does not become internationally competitive
Explanation:
The argument for import protection in developing countries to bring about industrialization differs from the infant-industry argument in that it presumes there will be economic gains even if the output does not become internationally competitive. International competitiveness is a step of the relative cost of services/goods from a nation. Countries that can provide a similar quality of goods at a cheaper cost are stated to be extra competitive.
Answer:
$650,000
Explanation:
The computation of the expected net cash flow for the year 1 is shown below:
= Annual operating cost reduced + expected revenue generated per year in the year 1
= $250,000 + $400,000
= $650,000
By adding the annual operating cost, and the expected revenue generated we get the project expected net cash flow for the year 1
Answer: Total Variable Costs = $110130
Explanation:
The question in incomplete. Requirements were not provided in the question, as a result it is not clear what the question requires us to do. We will assume the question requires us to calculate Total variable costs since There is nothing in the question that talks about fixed costs.
Total Variable Costs
Manufacturing costs
Direct Material Per pound = $2.95
Direct Material used = 27800 pounds
Direct Material Cost = 27800 x 2.95 = $82010
Direct Labor
Direct Labor cost per hour = $6.20
Direct Labor hours = 3800
Direct Labour Cost = 3800 x $6.20 = $23560
Variable Manufacturing overhead cost = $4560
Total Variable Costs = Direct Material cost + Direct labor costs + Variable Manufacturing overhead
Total Variable Costs = $82010 + $23560 + $4560
Total Variable Costs = $110130
