Compared to a physical good, it is more challenging to trade. A good is a tangible thing that can be purchased, handled, and used. A service is an action performed for clients who pay for it.
A tangible asset exists physically. Comparatively speaking to an intangible asset, it is comparatively simple to trade. A product can be an intangible offering involving a deed, performance, or effort or it can be a tangible physical good or service. Marketing managers need to be aware of potential distinctions between products and services in order to succeed. For the entire firm, marketing managers are in charge of creating, planning, and carrying out strategic marketing programs that will draw in new clients and keep old ones coming back. A company's overall plan for reaching out to potential customers and converting them into buyers of their goods or services is referred to as a marketing strategy.
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Answer:
$1,027.01
Explanation:
We use the present value formula for this question. The attachment is shown below:
Given that,
Assuming Future value = $1,000
Rate of interest = 6.75%
NPER = 20 years
PMT = $1,000 ×7% = $70
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the fair price of the bond is $1,027.01
Answer:
option B
Explanation:
Prime costs refers to the expenses of a company directly linked to the labor and materials used during manufacturing. This relates to the expense of a product made, which is measured to provide a business with the highest profit margin.
A prime cost is really the cumulative direct costs of producing a commodity for sale, which can be constant or adjustable. Companies utilize prime costs as more of a method of measuring the overall cost of the development materials required to create a specific output.
Thus, from the above we can conclude that the correct option is B .
The target cost for each interior door is $96.
<h3>
What is manufacturing?</h3>
- Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations.
- It is the core of the economy's secondary sector.
<h3>What is operating cost?</h3>
- Operating costs, often known as operating costs, are the costs associated with running a company, or with running a machine, part, piece of equipment, or facility.
- They represent the cost of the resources an organization uses just to stay in business.
<h3>Solution -</h3>
Total revenue of the year (sales) = $120 × 20,000 = 24,00,000
Operating cost = 20% of sales = 4,80,000
Target cost of each door = 4,80,000 ÷ 20,000 = $24
120 - 24 = $96
Therefore, the target cost for each interior door is $96.
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