B.) 2-3% growth per period I think
<span>What
you give up for taking some action is called the opportunity cost.
Average total cost is falling when
marginal cost is below it and rising when marginal cost is above it.
A cost that does not depend on the quantity produced is a fixed cost.
In the
ice-cream industry in the short run, variable cost includes the cost of cream and
sugar but not the cost of the factory.
Profits equal total revenue minus
total cost.
The cost of producing an extra unit of output is the marginal cost.</span>
Answer: Option (a) is correct.
Explanation:
Correct Option: Breaking down a large, heterogeneous market into sub markets that are more homogeneous.
Market segmentation is a process or procedure for dividing a large consumer market into sub markets or sub groups and this segmentation is on the basis of consumer's characteristics such as needs, location, interests.
It creates an advantage for the marketer because these market segments makes the job of marketers easier. It also reduce the risk of unsuccessful and unwanted marketer campaigns.
Answer:
The answer is: E) Market development strategy
Explanation:
A market development strategy involves selling your current products in new markets.
In this case, Quitman Enterprises will sell their language dictionary (current product) to international students abroad (new market).
They will seek to expand their potential market through new users of the same product.
Answer:
Cause-and-effect relationship - Cost of goods sold
With the Cause and effect relationship, costs are linked to the revenue that they were incurred for to create. Cost of goods would therefore be linked to revenue.
Specific time period - Monthly salary payments to an office employee
Costs are to be recognized in the same period of time they were incurred. The monthly salary is to be paid monthly because it is incurred monthly.
Without regard to related revenue in the period incurred - Advertising expenditures
The advertising costs will be incurred when spent and not when the benefits are accrued.
