Answer:
Calculate the contribution margin per pound for each of the three products.
- K1 = $17.80 per lb
- S5 = $8.70 per lb
- G9 = $10.50 per lb
Orders for which product should be produced and filled first, then second, and then third?
- K1 orders should be placed first, G9 orders should be placed second and S5 orders should be placed last.
Explanation:
52,900 pounds of material are available
- K1 uses 5 pounds of the material
- S5 uses 2.7 pounds of the material
- G9 uses 5.3 pounds of the material
contribution margin per unit:
- K1 = sales price - variable costs = $172 - $89 = $89
- S5 = $100.49 - $77 = $23.49
- G9 = $189.65 - $134 = $55.65
contribution margin per pound of material:
- K1 = $89 / 5 lbs = $17.80 per lb
- S5 = $23.49 / 2.7 lbs = $8.70 per lb
- G9 = $55.65 / 5.3 lbs = $10.50 per lb
Answer:
D. local marketing
Explanation:
Local marketing also known as neighborhood marketing is a marketing strategy that targets customers and potential customers in their locality, it is a type of marketing technique that direct their product offerings and marketing efforts towards the residents of their local community. It helps in establishing the brand in the minds of the new customers and the repeat customers.
Local marketing can be done through sponsorship of events, advertisement, e.t.c.
Answer:
Option B.
Explanation:
Employing internal based resources gives a better competitive edge to an organisation as those resources are already in place. This eliminates extra cost of getting new funding or resources as in option A.
The answer is false because a customer is a person that buys goods or services from a store of business.
