Answer:
A: True
Explanation:
Yes, its very much true because basic logic behind the marking concept is that organisation should meet the customer's needs by understanding them. Defining more precisely, meeting the customer needs profitably. Moreover, finding, attracting, getting, keep and growing the customers is the basic theme behind the marketing concept while remaining profitable at the same time.
Answer:
The communication channels created by the organizational structure serve specific functions through downward, upward and lateral communication. Thus an organization's structure must facilitate this effective flow of communication.
Explanation:
Answer:
(a) 242,500 units
(b) 267,500 units
Explanation:
(a) Break-even point in sales units:
= Fixed costs ÷ (Selling price per unit - Variable cost per unit)
= $4,850,000 ÷ ($80 - $60)
= 242,500 units
(b) Break even point in sales units if the company desires a target profit of $500,000:
= (Fixed cost + Target profit) ÷ (Selling price per unit - Variable cost per unit)
= ($4,850,000 + $500,000) ÷ ($80 - $60)
= $5,350,000 ÷ $20
= 267,500 units
- The greater the elasticity of supply, the grater the gains from trade.
<u>TRUE. </u>
This situation is true because in an elastic supply situation there is a decrease in prices and an increase in demand, so total surpluses increase and generate more gains to trade.
- If supply is perfectly inelastic, the fall in consumer surplus would exceed the rise in producer surplus.
<u>FALSE</u>
It is false because In a perfectly inelastic supply situation, the quantity of demand does not change even if prices change.
- Producers can still benefit from trade even if supply is perfectly inelastic.
<u>FALSE</u>
It is false because in a perfectly inelastic supply situation the beneficiary will be the consumer, as prices will not change and consumer surplus will increase.
Answer:
KLUMPER CORPORATION
TOTAL OVERHEAD COST OF K425 and M67
K425 M67
Supporting direct labor $9,250 $500
Machine Processing cost 9,600 120
Machine set-up 600 80
Production order 2,250 300
Shipment 3,600 240
Product sustaining <u> 1,600 </u> <u> 1,600</u>
<u> 26,900 </u> <u>2,840</u>
Explanation:
workings
1. supporting direct labour cost :
K425 = $10 * 925 = $9250
M67 = $10* 50 = $500
2. machine processing cost
K425 = $3* 3200 = $9600
M67 = $3* 40 = $120
3. Machine set-up cost :
K425 = $40 * 15 = $600
M67 = $40* 2 = $80
4. Production order
K425 = $150 * 15 = $2,250
M67 = $150 * 2 = $300
5. Shipments cost :
K425 = $120*30 = $3,600
M67 = $120 * 2 = $240
6. Sustaning cost :
K425 = $800 * 2 = $1,600
M67 = $800 * 2 = $1,600
