The terms is used to denote the response of a cost to the change in business activity is Cost behavior.
Cost behavior is used as a tool to show or indicate how a cost will alter or chang in total when there is a change in some activity.
There are three types of cost behavior. Cost Behavior Analysis is simply known as the study of how specific cost respond to changes in the level of business activity.
Conclusively, its knowledge will helps management plan operations and decide between alternative courses of action.
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Suppose the price of gasoline increases and that sport utility vehicles get poor gas mileage compared to other available cars. One would expect "the demand for sport utility vehicles to decrease".
<h3>What is increase in demand?</h3>
A rise in demand indicates that consumers intend to buy more of the product at all cost ranges.
The demand for a good increases or decreases depending on several factor. Some are given below-
- Price of Product: Lower prices increase demand, while higher prices decrease it. This is a result of consumer satisfaction levels. There won't be much demand for your product if people can't afford it.
- Tastes and Preferences: Families and lone shoppers have very diverse tastes. A family is more likely to buy kid-friendly items than a single person, who often solely buys items for themselves.
- Consumer’s Income: Consumers tend to spend more money and make more purchases as their wealth increases. Wealthier groups not only purchase more frequently, but they also favor more expensive, high-quality goods.
- Availability of substitutes: Regardless of what you sell, there will always be rival businesses. You must be aware of your rivals since, if you're not careful, they could reduce your market share.
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Answer:
1.1 years
Explanation:
The currents credit score is 560
the credit score is increasing by 12% per year is
=12% of 560
=12/100 x 560
=0.12 x 560
=67.2
The required increase is 70 points
the years it will take = 70 points /67.2 points
=1.041 years
= 1 year and one month
A company that uses a strategy of selling its products to a distributor in another country would be using <u>exporting.</u>
<u></u>
<h3><u>How Do Exports Work?</u></h3>
Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.
Because they give people and businesses access to a larger market for their products, exports are crucial to modern economies. Fostering economic commerce, and boosting exports and imports for the advantage of all trading parties, is one of the primary goals of diplomacy and foreign policy between countries.
<u>Benefits of Exporting for Businesses</u>
There are numerous reasons why businesses export their goods and services. If the goods open up new markets or widen existing ones, exports can boost sales and profits and may even offer the chance to gain a sizeable portion of the worldwide market. Exporting businesses diversify their markets to reduce business risk.
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Answer:
cognitions
Explanation:
The cognitions component of attitude refers to the opinion a person has about an object. According to this, the answer is that the statement "Automobiles manufactured by this brand are the safest" is an example of the cognitions component of attitude as the sentence shows the belief the person has about that brand.