The global economic trend has been for capitalist countries to move toward socialism.
<h3>What is capitalism?</h3>
This is the term that is used to refer to the economic system that has the means of production to lie in the hands of the people. They are the ones that would make most of the economic decisions in he nation. This is opposed to socialism where the people do not have much say in the means of production. The government is the one in charge of demand and supply.
Hence we would say that The global economic trend has been for capitalist countries to move toward socialism.
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Besides lowering the price, Jackie can improve contribution margin by ensuring that:
- Quality remains the same or better
- the company leverages social media marketing which is cheaper than conventional marketing and is better targeted.
<h3>What does price reduction do?</h3>
Price reduction (if all other factors remain constant) helps to drive up demand. This is consistent with the Law of Demand in basic Economics.
If Jackie is trying to drive up profit margin, they must thus consider the options given above.
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Answer:
C. underallocated
Explanation:
Underallocated amount is that which did not match the actual overhead incurred and it is lower than the actual. While budgeting the estimated overheads are allocated to different departments / products using different basis. Total allocated amount then compared with the actual overheads incurred. Which ultimately result in under / over allocated overhead.
Explanation:
Based on the given conditions, formulate;
75000- 60000= 15000
