This is known as <u>market penetration-</u> instead of expanding his market to new customers or products he is doing a deeper development of the customers he already has to increase loyalty and sales.
Answer:
Standard hour will be equal to 3600 hours
Explanation:
We have given 3900 direct labor hours to produce 1300 units of the product
So standard hour per unit is 
Number of units produced is given = 1200 units
And standard hour per unit is 3 hour per unit
We have to fond the standard hours allowed for the October
So the standard hour will be equal to = 1200 ×3 = 3600 hour
Answer:
Expand.
Explanation:
A firm investing to create one product because that investment could lead to the development of other products in the future is an example of the option to <u>Expand</u>. When a company produces one product to make many more products from the same in the future, that means the company is expanding.
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1. Government. Government holds much sway over the free markets. ...
2. International Transactions. The flow of funds between countries effects the strength of a country's economy and its currency.
3. Speculation and Expectation.
4. Supply and Demand.
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