The marketing firm need to focus their efforts on
product modification.
<h3>What is product modification</h3>
Product Modification includes changes that are done on an existing product to make it more acceptable.
This could include branding, changing the quantity and colour to help increase the demand.
Therefore, The marketing firm need to focus their efforts on product modification.
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Answer:
14.1%
Explanation:
Cash return on assets is the ratio of a company's operating cash flow to its average total assets. It shows how a company is generating cash flow from its assets and compares a company’s profitability with other companies.
Cash return on assets = operating cash flow / average total assets
Given that:
operating cash flows = $240,000
Average total assets = ($1.6 million + $1.8 million) / 2 = $1.7 million.
Therefore, Cash return on assets = $240000 / $1.7 million = 0.141 = 14.1%
The crossover point is that production quantity where total costs for one process equal total costs for another process. Hence, option D is correct.
<h3>What is crossover point?</h3>
Financial independence is secured when investment income exceeds regular income. In financial jargon, this is known as the "cross over point."
When the production expenses for one product are the same as those for another product, there is an added benefit to selling any product because the cost is the same and the income will be higher from each unit, independent of the number of units sold.
Thus, option D is correct.
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All options are missing firm the question-
a. variable costs of one process equal the variable costs of another process.
b. fixed costs of a process are equal to its variable costs.
c. total costs equal total revenues for a process.
d. total costs for one process equal total costs for another process.
e. the process no longer loses money.
C.
When a product is overstocked, owners will usually price the product less so that it will sell out more quickly.
