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Vlad [161]
3 years ago
8

People often use products or services that are _________, to indicate who or where they are in the social hierarchy

Business
1 answer:
Setler79 [48]3 years ago
5 0

Answer:

Status Symbols

Explanation:

According to Oxford dictionary; a status symbol is "a possession that is taken to indicate a person's wealth or high social or professional status."

Hence status Symbols are external displays of the possessors' wealth and social status. These goods can not be possessed by people who do not belong to that social status or profession.

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Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2
Amiraneli [1.4K]

Answer:

Predetermined manufacturing overhead rate= $42 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead= $924,000

Estimated direct labor hours= 22,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 924,000/22,000

Predetermined manufacturing overhead rate= $42 per direct labor hour

4 0
3 years ago
Candace is writing a proposal for her board of directors to request that her company implement a wellness program. The first thi
denpristay [2]

Answer:

The answer is letter A.

Explanation:

The first thing she should do is to __decide on the purpose of her proposal.________.

4 0
3 years ago
When new firms enter a monopolistically competitive​ market, the economic profits of existing firms A. will decrease because the
Anit [1.1K]

Answer:

The correct answer is option A.

Explanation:

Monopolistic competition is a market structure where there is a large number of producers selling differentiated products. These firms are price makers. There is very low or no restriction on the entry and exit of new firms.  

Positive economic profits earned by the existing firms will attract potential firms to enter the market. When new firms enter, it increases the supply in the market.  

This causes the price and market share of existing firms to decline. As the individual demand curves of the existing firms shift to the left, their profits will increase as well.

8 0
3 years ago
Explain the 5 marketing objectives?
solmaris [256]

Answer:

Creation of Demand 2. Customer Satisfaction 3. Market Share 4. Generation of Profits 5. Creation of Goodwill and Public Image

Explanation:

The basic purpose of marketing management is to achieve the objectives of the business.

6 0
3 years ago
If an oil company wants to drill on public land, from whom would it secure the driling lease? a. comptroller of public accounts
podryga [215]

Answer:

b. commissioner of the General Land Office 

Explanation:

Commissioner of the General Land Office is in charge of public domain lands in the United States.

Comptroller of public accounts keeps account of the states funds and collects taxes.

Attorney general acts as legal advisor to the government.

I hope my answer helps you.

6 0
3 years ago
Read 2 more answers
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