A direct cost is a price that can be completely attributed to the production of specific goods or services. Some costs, such as depreciation or administrative expenses, are more difficult to assign to a specific product and therefore are considered to be indirect costs.hope it helps
Services marketing differs from that of tangible goods, and many firms have adopted a strategy to manage an additional three Ps, on top of product, price, place, and promotion
<h3>What is Service marketing?</h3>
Service marketing is a type of advertising that companies who offer their clients a service use to raise their brand recognition and sales. Service marketing, as opposed to product marketing, is concerned with promoting immaterial exchanges that benefit consumers.
A service marketing triangle is a structure for marketing that combines three essential forms of communication to help your target audience understand what makes your company special and beneficial for their needs they are:
- Interactive marketing,
- External marketing,
- Internal marketing
The three Ps, on top of the product, price, place, and promotion provide the best return on your investment because they serve as the basis for everything your company does.
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If the price of the item is $15.00 per unit and the employees costs $125 each, Three employees should the firm hire to maximize their profit.
How do firms maximize profit?
All firms maximize profits when their marginal cost is equal to the marginal product. This dollar amount should also be the selling price that maximizes profits.
What is meant by profit maximization?
Profit maximization is a process business firms undergo to ensure the best output and price levels are achieved in order to maximize its returns. Influential factors such as sale price, production cost and output levels are adjusted by the firm as a way of realizing its profit goals.
What are the goals of profit maximization?
Profit maximization is the process by which a business arranges its prices and cost structure to achieve the highest possible profit. The central goal of the organization is to increase its profits
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Answer:
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Explanation:
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