Answer:The answer is Deep customer knowledge
Explanation:
Deep customer knowledge is a kind of research done by a business in order to know the need of their customers and how the business can help in meeting such need.it is a process of engaging with their customers with a view to know their need so as to ensure that the overall objectives of the business is accomplished. Deep customer knowledge enables a business to build a strong relationships with their customers. The use of deep customer knowledge includes the use of customers service officer to explain to their customers the use of their products or services in order to ensure that they are able to satisfy their customers and improve the sales of the business.
It bettered their relationship
do you have answer choices
Answer:
$12,280,000.
Explanation:
All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.
Direct Material = $4,200,000
Direct labor = $8,080,000
Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000
Overhead costs are not classified as the prime cost because these are indirect costs.
Answer:
The factory overhead allocated per unit of Product A in the Painting Department = 7 * 15.623= $ 109.37
Plantwide Overhead Rate= $328,100 /21000= 15.623
Explanation:
Overhead Total Direct Labor Hours DLH per Product A B
Painting Dept. $245,600 9,50 7 7
Finishing Dept. 82,500 1 1,500 3 4
Totals $328,100 21,000 10 11
Plantwide Overhead Rate= Total Manufacturing Overhead/ Direct Labor Hours
Plantwide Overhead Rate= $328,100 /21000= 15.623
The factory overhead allocated per unit of Product A in the Painting Department = 7 * 15.623= $ 109.37
Answer:
The consumer surplus will definitely increase.
Explanation:
The reason is that the manufacturers have purchased the sugar at a high price and now it is available at a lower price. So this means that the price of chocolate must decrease in the market if the price of material input is fallen. But the chocolate prices will take time to fall and as the result the customer is willing to pay lower prices but he is forced to pay more because the manufactured chocolates include sugar which was bought at a higher price. So the consumer surplus will increase.
