Answer:
Product development
Explanation:
A manufacturer tests, modifies, and retests an original idea several times before offering it to the consumer. This process is called product development.
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
Answer:
$315
Explanation:
The before-tax cost of the wood stove would comprise of 100% sales price plus 5% sales tax as hinted.
If 5%=$15=sales tax
before-tax sales price=100% sales price+5% sales tax
before-tax sales price=105%
sales tax of 5%=$15
1%=$15/5
1%=$3
105%=$3*105
105%(before tax sales price)=$315
Answer:
Commodity crops.
Explanation:
Commodity crops are crops that are grown for the purpose of sale. They have a lot of uses as they cannot easily spoil and easy to store for a long period of time. They provide a source of food for man around the world and also serve some industrial purposes. Examples are cotton, wheat, corn, barley, meat, diary, etc.
They can reduce production of less commonly grown fruits and vegetables.
Answer:
The straight-line depreciation method
Explanation:
Under the straight-line method, the depreciation amount is a percentage of the asset value at cost. The percentage is the depreciation rate. It is obtained by dividing one by the number of useful years.
i.e. depreciation rates =1/ useful life x 100.
Since the depreciation rate will be constant, and the asset cost does not change its value, the depreciation amount will be a constant figure throughout the useful life of the asset.