Answer:
The ansewr is a barter based economy.
In a barter based economy, goods are exchanged for other goods, because no good that takes the functions of money exists (unit of account, store of value, and medium of exchange).
Barter economies can work on a limited scope, but to a larger extent, they can become inefficient, because this type of economy requires a double coincidence of wants: both parties of the transaction must desire the other party's goods.
<span>the elements of product, price, place, and promotion which sport marketers manipulate to achieve marketing goals and objectives and are mostly visible and flexible. the price is in many ways one of the most visible, and for many organizations price is also potentially the most controllable and flexible element of marketing mix. The most visible element is price, and also it is seen to be possibly the most flexible element of the marketing mix, it is probably the most difficult to manage and it has to reflect the state of what matters is to understand that price does not stand alone, it interacts with the whole organization. Overall, price is very visible.</span>
To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.
<span>Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000
Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
Per unit cost = $12.40</span>
