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3 years ago

Every product has a life cycle. A fad product such as a fidget spinner, can have a very short cycle,

Business

1 answer:

Liula [17]3 years ago

6 0

Answer:

A product's life cycle is generally divided into four stages:

Introduction: requires a very large marketing effort (a lot of money invested), sales are generally low but the goal is to establish the product in the customers' minds.
Growth: Sales start to pick up as customers accept the new product or service, and new competitors might appear. Companies have to try to differentiate their product from the competition.
Maturity: sales reach their highest peak. Many companies extend the growth stage by making small changes and different versions of the product or service. Competition is generally very intense at this stage and since the market growth stalls, each company tries to win the market share of other companies.
Decline: sales start to decline since the product or service might become obsolete. Competition starts to shrink since companies start to exit the market. Companies might extend the decline stage by adding new uses for their products or cutting prices.

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When one party takes specific action to cover a material fact from another party, fraud by enticement occurs. question 1 options

Vladimir79 [104]

The answer to the question above is FALSE. It is not Fraud by Enticement but rather, Fraud by Concealment. This happens when one party takes a certain action to hide or conceal a material fact from another party. For example, when one company decides to purchase a material from the other and that the first company decides not to show all of the details of the product, which would then later on discovered that it is not brand new or have been repaired several times, they can sued for fraud by concealment.

8 0

3 years ago

When Damon filled out a survey for the sporting goods store he favors, it asked him to respond to items that asked for his agree

Andrei [34K]

Answer:

The correct answer is C) self-designated.

Explanation:

The self-designated method refers to the influence exerted by people close to another against a purchase decision, for which it is determined whether it directly influences communication on a characteristic of the product that ultimately ends up causing an informed decision. This process tries to divide people who exert influence and those who do not, in order to determine the type of factor that is part of this process.

7 0

3 years ago

If management identifies even one material weakness in internal control, then management will conclude that the organization’s i

solong [7]

Answer:

Statement is true

Explanation:

Internal control over financial reporting was designed to give assurance related to financial statements preparation and authenticity of financial reporting.

Material weakness refers to inefficiency in internal control which could lead to misstatement in financial statement thereby making financial reporting unreliable. As such, even one material weakness would prove ineffective internal control over financial reporting.

8 0

3 years ago

Emily included the following passage in her report: "Other mid-price restaurants in the Chicago area have achieved phenomenal su

Ratling [72]

Answer:

Change "achieved phenomenal success" to "improved customer satisfaction."

Explanation:

This is because it has to do with customers services and from an end customer’s point of view to evaluate current perspectives, emerging needs and preferences, and it's impact on business outcomes.

8 0

3 years ago

Read 2 more answers

Scenario 5 Guemmer Specialty Foods can produce their famous cherry pies at a rate of 1650 cases per day (this is the daily produ

Arturiano [62]

Answer:

c) Annual set up cost= $9878.04

Explanation:

Economic batch quantity (EBQ) is also known as economic production run, It is the optimum production run that a manufacturer should operate to minimize set up cost and carrying cost.

Carrying cost is the cost of keeping inventory while set up cost is cost of getting machines ready for production

Annual inventory cost = = Set up cost per run× Annul demand / EBQ

Annual demand / the economic production run(EBQ)

It is calculated as follows:

Economic batch quantity =√2× Co× D / Ch(1-D/P)

Where ,

D - annual demand - 62,500

Ch -holding cost per unit per annum - $11.50

Co- set up cost - $320

Production rate = 1650 units per day × 250 days =412,500 units

Economic batch quantity

= √(2× 320× 62,500) / (11.50× (1- 62500/412500) )

=2024.69 units

Annual set up cost

= Set up cost per run × Annul demand / EBQ

= $320× 62,500/2024.69

Annual set up cost= $9878.04

6 0

2 years ago