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3 years ago

Which of the following is associated with the market development strategy?

Business

1 answer:

pantera1 [17]3 years ago

4 0

Answer: Option (c) is correct

From the given option the following is associated with the market development strategy: Adding new features to products.

Market development refers to the technique under growth strategy that visualize and establish new market segments for their products. This terminology targets non-buying individuals in targeted segments. This also targets new individuals in new segments.

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Tesla, a vehicle manufacturer, incurs the following costs.

In-s [12.5K]

Answer:

a. Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost.

1. Factory utilities - Product cost

Factory utilities are direct materials used in the production process, therefore, they are a product cost.

2. Advertising - Period cost

Advertising is a period cost they are not directly related with the production process, but mostly with the passing of time.

3. Amortization of patents on factory machine - Period cost

Amortization is also a period cost. Amortization is the loss of value of an intangible asset over a period of time.

4. State and federal income taxes - Period cost

Taxes are not directly related to production, they are periodical payments to the state.

5. Office supplies used - Period cost

Office supplies are a general administrative expense, and general administrative expenses are considered period costs.

6. Insurance on factory building - Period cost

General administrative expenses like insurance are considered period costs.

7. Wages to assembly workers - Product cost

Wages are direct labor costs, and as a result, they are product costs.

b. Classify each product cost as either a direct cost or an indirect cost using the product as the cost object.

1. Factory utilities - direct cost

Factory utilities are directly used in the production process, it is a direct cost.

2. Advertising - indirect cost

Advertising expenses are not directly related to the production of a good, therefore, they are an indirect cost.

3. Amortization of patents on factory machine - indirect cost

Amortization on a patent is an indirect cost, because while the patent determines some characteristics of the product, it is not directly part of the production process.

4. State and federal income taxes - indirect cost

Taxes are not directly related to the production of the good, therefore, they are an indirect cost.

5. Office supplies used - indirect cost

Office supplies are administrative overhead: they are necessary, but not directly related to the production process.

6. Insurance on factory building - indirect cost

Insurance is also administrative overhead. They are an indirect cost.

7. Wages to assembly workers - direct cost

Wages to assembly workers are the cost of direct labor, as a result, they are a direct cost.

4 0

3 years ago

A prospective buyer who is represented by a broker signs a contract to purchase a property serviced by a septic system. The sell

alexgriva [62]

Answer:

The correct answer is "No".

Explanation:

BRRETA seems to be a customer safety state law that regulates the interaction involving real estate developers including brokerage customers in Georgia throughout designed to safeguard either brokers or customers from problems that might occur within the organization concerning the interaction between some of the entities.
Underneath the law, only "natural" consideration needs to be exercised by the broker as well as the brokerage will also not be found accountable for recommending a customer to undertake a matter in which the client may fairly operate independently.

7 0

3 years ago

. At the beginning of 2009, a government had a total debt of $540 billion dollars. It ended 2009 with a $6 billion dollar budget

umka21 [38]

Answer:

$526 billion

Explanation:

If at the beginning of 2009, a government had a total debt of $540 billion dollars, and it ended 2009 with a $6 billion dollar budget surplus; then in 2010, its budget surplus reached $8 billion dollars. Then the level of total debt would be decreased because:

When a country runs a budget surplus it has a positive effect of reducing the government total debt level of the country.

Hence, the level of government debt will drop from $540 billion from the beginning of 2009 to $526 billion ($540 - $6 - $8) in 2010

8 0

3 years ago

Read 2 more answers

Blossom Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following cost

n200080 [17]

Answer:

CVP Income Statement

Sales revenue 2,300,000

Less: Total variable cost 1,171,000

Contribution margin 1,129,000

Less: Fixed cost 664,000

Net Operating income $465,000

Note:

Cost of goods sold 936,000

Selling expenses 119,000

Admin expense 116,000

Total variable cost 1,171,000

Cost of goods sold 473,000

Selling expenses 71,000

Admin expense 120,000

Total Fixed cost 664,000

6 0

3 years ago

According to research conducted by collins and Porras, which of the following is a common practice that explains the success of

tatiyna

According to research conducted by collins and Porras, the common practice that explains the success of visionary companies-Core Ideology

Explanation:

The core ideology defines the characteristic of an organization—like technological know how , management trends , and individual leaders.

For a firm it is more important to know who they are and how they will go ahead with the changes around them(futuristic vision). The Leaders will die, products will become obsolete, markets demand will change, new innovations will emerge, and management will change , but the core ideology of a company acts as a source of guidance and inspiration in hard times . Core ideology is the glue that holds an organization together when it undergoes the process of growth , decentralization, diversification and expansion

Core Ideology typically means the Vision,Mission & Values of an organization. The ideology acts as a source of communication to stakeholders (i.e. from employees to investors about what the company will stick to and the guidelines to which it will adhere in the future.)

8 0

3 years ago