Answer:
Make only what it knows people will buy; try to sell whatever it decides to make.
Explanation:
The marketing concept focuses on the needs that the customers have to be able to offer what they would be willing to buy. On the other side, the production orientation is when a company focuses on the manufacturing process and would create products in which it is good at producing. According to this, the answer is that the marketing concept implies that the manufacturer will make only what it knows people will buy; a production orientation implies that the manufacturer will try to sell whatever it decides to make.
If both the real interest rate and the nominal interest rate are 3%, then the inflation premium is zero. Because there is no inflation due to interest rates being equal. Inflation premiums is a way lenders use interest rates to cause raises in nominal interest rates, so if they equal, they are at an inflation premium of zero.
Successful characteristics of budgets include: well planned, realistic, spending habits, methods to keep track of spending and how to manage for variable expenses. To Make sure that the budget is successful and will work for you and your family, it is important to write everything out and see what is realistic and what is not. If you set a grocery budget of $400 a month and you know you can not stay under that, there needs to be wiggle room for changes to be made to the budget. Realistic and well planned budgets are the only way to make it work and to stay true to the budget.
Answer:
b.multiply production in units by the direct labor hours per unit
Explanation:
In order to calculate the budgeted direct labor hours we simply multiplied the units production with the direct labor per unit
In mathematically,
Budgeted direct labor hours = Production in units × direct labor hours per unit
By considering the units production and direct labor hours per unit we can get the budgeted direct labor hours which are to be considered as a estimated direct labor hours
