It is false that Business-to-business (B2B) marketing refers to buying and selling goods or services to consumers.
<h3>What is B2B mean in marketing?</h3>
Business-to-business (B2B) refers to a form of transaction between businesses, such as one involving a manufacturer and wholesaler or between a wholesaler and a retailer. Business-to-business is conducted between companies, instead of a company and individual consumer.
It is to be noted that business to business marketing is required when one company's output is required for another company to maintain or improve its operations.
Hence, it is false that Business-to-business (B2B) marketing refers to buying and selling goods or services to consumers.
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Answer:
$101,000
Provided
Opening Material = $55,000
Add: Raw Material Purchases = $93,000
Less: Closing Material = ($47,000)
Net Direct Material Cost = $101,000
Note: This further cost provided of Manufacturing overheads is not to be considered as this is not material cost, and cost of overheads.
Answer: True
Explanation:
Six Sigma projects have eight essential phases which are to; 1. recognize
2. define
3. measure
4. analyze
5. improve
6. control
7. standardize and
8. integrate.
It is a method whose primary objective is improving profit making by improving quality and efficiency standards. Project teams utilising this method want to reduce variability in processes by actively seeking out potential sources of waste especially in overtime and warranty claims.
They also investigate production backlogs or areas in need of more capacity and focus on customer and environmental issues.
Answer:
c.Insurance expense would be debited for $300.
Explanation:
Provided that
12 month insurance policy purchased on Dec 1 = $3,600
So, the adjusting entry on Dec 31 would be
Insurance expense A/c Dr $300
To Prepaid Insurance $300
(Being insurance expense is recorded)
The computation is
= $3,600 ÷ 12 months
= 300
As we have to compute for 1 month so we recorded $300 insurance expense
An account with a financial institution used to pay taxes and insurance is called An escrow account.
Answer is An escrow account
