Answer:
$1,050,000
Explanation:
The computation of the net income is shown below:
Net income = Sales revenue × profit margin percentage
= $17,500,000 × 6%
= $1,050,000
To determine the net income we multiplied the sales revenues by its profit margin percentage so that the correct value could be arrived.
Answer: Contract manufacturing.
Explanation:
Contract manufacturing is the outsourcing of some production activities that were formerly done by the producer to a third party. An organization may outsource certain parts for a product.
Contract manufacturing is the practice of giving out part of a work to outside sources rather than completing all the work within the company. It results in lower expenses and costs.
Answer:
a. Market penetration
Explanation:
Market penetration strategy is a product promotion approach through which a company seeks to gain a greater share in markets it already operates. The strategy is used to increase sales volumes in existing markets.
Market penetration applies where similar goods and services exist. A company uses the low-price technique or present its products as superior as compared to those of its rivals. The objective is to draw customers' attention to the company's products. Advertising using special features and benefits presents the products as unique and superior, thereby attracting customers' attention.
Answer:
False, jobs requiring a higher level of education have more benefits than jobs that require minimal education.
Answer:
a) true
Explanation:
The Enterprise resource planning system is a single database that helps to collect data and feed into applications with a motive to support the various business activities like - purchases, production, distribution, sales, marketing, finance, human resource, information technology, etc
The aim of this system is to conduct each and every business activity in an effective and efficient manner so that each one can share the database so that tracking could be done that helps to reduce the time and cost.
