Answer:
A) The marketing research process
Explanation:
Marketing research process is the collection, analysis, and interpretation of data relating to the marketing conditions. It consist of the systematic process of planning and executing marketing objectives and also solving marketing related problems
Defining the problem, developing the research plan, collecting information, analyzing information, presenting the findings and lastly making decision.
The given statement " The market for factors of production connects spending by firms to household income " is TRUE
Explanation:
When goods and services markets were the only businesses open, corporations would ultimately have everything they wanted in a single business, consumers would have all the finished products and industry would end.
The word "factors of production" refers to everything a manufacturer uses to make a final product.
Types of production factors are labour (work was carried out by people), equipment (machinery for the processing of products), land and so on.
Job markets are the most widely contested type of a factor market, but it should be noted that output factors can take many forms.
Answer:
<u>Net Income $ 494,000</u>
Explanation:
Cullumber Inc.
CVP income statement
For the Quarter Ended March 31, 2020.
Sales of $2,300,000
Variable
Cost of goods sold $941,000
Selling expenses 104,000
Administrative expenses 108,000
Total Variable Expenses $1153,000
Contribution Margin $ 1147,000
Fixed
Cost of goods sold $474,000
Selling expenses 77,000
Administrative expenses 102,000
Total Fixed Costs $ 653,000
Net Income $ 494,000
