Answer:
b. In the process of market segmentation,deciding the segmentation strategy precedes determining the consumer's needs and wants.
Explanation:
In the above stated statement, it is the truth about market segmentation due to the fact that, customers needs and wants differs. <em>In other to ensure that those are met through segmentation of goods and services, there is need for the segmentation strategy to be adopted by the market. Without this segmentation strategy, their be conflicts between the needs and wants of the customers which would lead to not meeting their expectation.</em>
Answer:
(a) A salaried worker
(c) Bread ingredients
Explanation:
Variable costs are costs that can be modified in the short term, such as wages and inputs in the production process. The more inputs and the more workers, the higher the variable costs. If the cost gets too high, you can fire the worker and buy fewer inputs. By contrast, fixed costs are costs that the company cannot change in the short term, only in the long term, such as capital goods (such as the oven), rent, electricity and water bills. To complete the pricing structure, there is the total cost consisting of the sum of the variable cost and the fixed cost.
An income statement reflects activity that occurs <u>over a period of time</u> while a balance sheet reflects values <u>at a point of time.</u>
The income statement of a company is the financial statement that shows its income and expenditures. This gives a picture of the profit or loss the company is making. This is calculated for a given period of time.
The balance sheet of a company, on the other hand, is calculated at a specific point in time. It shows the assets, liabilities, and shareholder equity of the company at that point.
Income statement and balance sheet both constitute the financial statement of a company.
To learn more about balance sheets: brainly.com/question/14847079
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Answer: Option c
Explanation: In simple words, standard cost refers to the estimated amount of resources that an organisation thinks would be incurred to produce a specified amount of goods or service for the product.
These estimates are based on past experiences and future expectations, therefore, these are not certain and have a high chance that a difference will occur in actual performance. These estimates works as a guideline for performance, thus, it is prepared by the top managers of the departments of the entity.
Answer:
9 years
Explanation:
Since inflation rate increases in a similar way to compound interest, we can use the rule of 72 to estimate the number of years required to double the prices.
The rule of 72 = 72 / inflation (or interest rate) = number of years needed to double the price (or capital)
72 / 8 = 9 years
