Answer:B(extend the product life cycle)
Explanation:
Product expansion is otherwise called line extension where a brand covers another items under a product classification and its right now presents with new shading, sizes, pack sizes and structures. While refinement are small alterations or increases that made to something on an attempt to enhance it.
The inventory cost flow assumption does inventory on the balance sheet best approximate its current cost is first-in, first-out.
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. There are three different categories of inventory: finished commodities, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset.
Both the products that are on hand for sale and the raw materials required to make those products are considered inventory.
On the balance sheet of an organization, it is categorized as a current asset.
The three different categories of inventory are raw materials, finished commodities, and work-in-progress.
The first-in, first-out method, the last-in, first-out method, and the weighted average method are the three methods used to value inventory.
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Answer:
If a company is operating beyond its break-even point, sale of one more unit of products increases the company's profit by the amount of the unit contribution margin.
The correct answer is A
Explanation:
If a company operates beyond the break-even point, any sale of an additional unit increases the company's profit by the amount of the unit contribution margin. This is due to the fact that the fixed cost remains constant and any increase in sale increases contribution and profit by the same amount.
The bank would want to know the person’s credit history so the bank knows the person will repay the loan.
Answer:
A. there is little room for price variations from the competition
Explanation:
When a company's product cannot be easily differentiated from competitors' products, it means that these companies sell homogenous products; the features and purpose are very similar to the customers and they would see little opportunity cost when they chose one over the other. The sellers are therefore price takers in the market and their sales revenues will depend on forces of demand and supply. Therefore, there is little room for price variations from their competitors.
