A firm may opt to pay millions of dollars for celebrity endorsements in order to signal to consumers that the advertised product is appealing and likely to be popular.
A consumer is defined as an individual or business that consumes or uses goods or services. A customer is a buyer in the economy who buys goods and services and can exist as a consumer or as a sole customer.
Consumers are sometimes contrasted with producers. For example, a company that manufactures toothpaste is a producer. And if you buy this toothpaste, you are a consumer. However, be aware that people often produce and consume the same item.
It is the producers and consumers who buy and sell. Producers create or produce goods and provide services, and consumers buy those goods and services with money. Most people are both producers and consumers.
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When using absorption costing when production is greater than sales, a portion of fixed overhead is allocated to the products sold.
<h3>What happens when production is greater than sales?</h3>
- Because it allocates fixed overhead expenses to each unit of a product produced throughout the time, absorption costing differs from variable costing.
- Net income recorded under absorption costing will be higher than net income reported under variable costing when production exceeds sales. Closing stocks rise under absorption costs as output outpaces sales.
- When output exceeds the number of units sold, absorption costing allocates fixed overhead to the items sold, resulting in net income that is higher than that determined by variable costing.
- The operating income under absorption costing is higher when production outpaces sales, i.e. when final inventory exceeds beginning inventory.
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Answer:
Federal funds rate
Explanation:
Federal funds rate is the interest rate at which commercial banks borrow and lend their excess reserves to each other overnight.
- How to group task into individual jobs
- How to group jobs into functions and divisions
- How to allocate authority and coordinate or integrate functions and divisions.
Answer:
The increase in the stock of real capital exceeds the increase in inputs of labor.
Explanation:
The labor productivity refers to the amount of labor per unit of output. labor productivity increases when with the same amount of labor the output increase or the increasein labor generate an increase in output higher than proportional.
<u>From the given options:</u>
An increase in stock of real capital exceeding the increase in input of labor will translate into a higher productivity as each unit of labor has more capital to work with
