According to the selling principle, unless a company makes a significant effort to market and promote its products, people won't buy enough of them.
What do you call the process of producing a product?
Generally speaking, product development refers to all phases that go into creating a product, from concept or idea to market release and beyond. In other words, the complete path of a product is incorporated into product creation.
What are the four different methods for developing products?
Following are the four stages of product development: R&D, Growth, Maturation, and Decline. These may be challenging to accurately map out, but as you expand a product over time, you can gain a clearer understanding of the stage it is in.
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Answer and Explanation:
The computation is shown below:
a. Total sales is
= 550 clients × $150
= $82,500
Variable costs is
= 60% of sales
= 60% × $82,500
= $49,500
Now
Contribution margin is
= total sales - variable costs
= $82,500 - $49,500
= $33,000
and, Contribution margin per unit is
= contribution margin ÷ total units
= $33,000 ÷ 550
= $60
And,
Contribution margin ratio is
= contribution margin ÷ total sales
= $33,000 ÷ $82,500
= 40%
Answer:
D. overcome the fear of being alone in a hostile world
Explanation:
Answer:
The correct answer is letter "C": Estimated loss from an ongoing lawsuit.
Explanation:
A contingent liability is an amount that will need to be charged in the future but there are still outstanding problems that only make it a possibility. Litigation and the threat of litigation are the most common contingent liabilities, but this category also includes product warranties. If they are probable and the sum can be calculated, contingent liabilities must be reported on the company's Balance Sheet.
