Answer: Fixed Cost
Explanation: Fixed cost will always be a relevant cost because a business must incur fixed cost during the course of the business.
Fixed cost are cost that are not depended on sales or activity level of the organisation and they are incurred in as much as the business is operational.
Examples of fixed costs are:
Utilities, salaries, rent, depreciation etc.
Fixed costs has a high influence on the profit/ loss of any organisation.
Answer:
B
Explanation:
Opportunity cost is the valje of the next best alternative forgone when a choice is made.
Answer:
country of origin.
Explanation:
Banks have a set of requirements that borrowers need to meet to qualify for a bank loan. The banks will ask questions to determine if the customer is eligible for a loan. Most of the questions pertain to the purpose of the loans and the customer's ability to repay.
The bank will ask about employment history, credit history, tax information, personal information, the purpose of the loan, collateral, and other questions related to the ability to repay. A person's country of origin is unnecessary and may elicit elements of discrimination.
Answer:
D. focus on adding unique features to her product that customers will value.
Explanation:
Differentiation strategy is the strategy that aims to distinguish a product or service, from other similar products, offered by the competitors in the market. It focuses on the development of a product or service, that is unique for the customers, in terms of product design, features, brand image, quality, or customer service.
The focus of competition in a differentiation strategy tends to be on unique product features, service, and new product launches, or on marketing and promotion rather than price. A differentiator would focus research and development on product features or packaging in order to add uniqueness.
Hence, Nendry should focus on adding unique features to her product that customers will value.
Answer:
The average product of labor per day is 324
Explanation:
To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.
Average Product= total number of widgets /days
Monday, 10=250 widgets
Tuesday, 11=286 widgets
Wednesday, 13 =364 widgets
Thursday, 14 workers= 396 widgets
Friday, 12 workers=324 widgets
TOTAL WIDGETS= 250+286+364+396+324=1620
Days= 5 days
Average Product= 1620/5=324