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enot [183]
3 years ago
15

Product differentiation that makes the product better for some consumers and worse for others is A) always welfare decreasing. B

) vertical differentiation. C) horizontal differentiation. D) never undertaken by firms.
Business
1 answer:
Citrus2011 [14]3 years ago
8 0

Answer:

C) horizontal differentiation.

Explanation:

Marketing mix can be defined as the choices about product attributes, distribution strategy, communication strategy, and pricing strategy that a firm offers its targeted markets.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

Hence, product differentiation that makes the product better for some consumers and worse for others is horizontal differentiation.

On the other hand, vertical differentiation makes it good for all of the customers.

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Economic Ordering Quantity (EOQ). The Gentry Garden Center sells 100,000 bags of lawn fertilizer annually. The optimal safety st
GalinKa [24]

Answer:

1. Annual demand ( D) = 100,000 bags

Ordering cost per order (Co) = $15

Holding cost per item per annum (H) = 15% x  $2 = $0.30

EOQ = √<u>2DCo</u>

                H

EOQ = √<u>2 x 100,000 x $15</u>

                  0.30

EOQ = 3,162 units

2. Maximum inventory

   = Safety stock + EOQ

   = 1,500 + 3,162

   = 4,662 units

3. Average inventory

   = EOQ/2

   = <u>3,162</u>

         2

   = 1,581 units

4. Number of order

   = <u>Annual demand</u>

            EOQ

   = <u>100,000</u>

        3,162

  = 32 times

       

Explanation:

EOQ is the square root of 2 multiplied by annual demand and ordering cost per order divided by  holding cost per item per annum.

Maximum inventory is the aggregate of safety stock and EOQ.

Average inventory is economic order quantity divided by 2

Number of order is the ratio of annual demand to economic order quantity.

3 0
3 years ago
Total revenue is best described as variable cost per unit times the number of units sold. the change in revenue when one additio
asambeis [7]

Answer:

price per unit times the number of units sold.

Explanation:

total revenue = total number of units sold x price per unit

the other options are incorrect because:

  • the variable cost per unit times the number of units sold = total variable costs
  • the change in revenue when one additional worker is hired = marginal revenue product of the additional worker
  • firms seek to maximize profits, not revenue
6 0
4 years ago
Bill signs a check payable to the order of City Bank, filling in the blanks for the amount with the figures "$100" and "One thou
nirvana33 [79]

Answer: a. $ 0

Explanation:

The check is only payable if the amount in words and amount in figures matches .In this case since they do not match the check is not payable

6 0
3 years ago
A company had credit sales of $ 35 comma 000 and cash sales of $ 25 comma 000 during the month of May. Also during​ May, the com
Likurg_2 [28]

Answer:

The​ company's net income for the​ month was $27 comma 000

Explanation:

Net income = Total Sales - total expense

During the month of May,

Total Sales = credit sales + cash sales = $35,000 + $25,000 = $60,000

The company paid wages of $ 24 comma 000, the wages expense was $ 24 comma 000.

The company paid utilities of $ 9 comma 000, the utilities expense was $ 9 comma 000

Total expense = wages expense + utilities expense = $24,000 + $9,000 = $33,000

The payment that the company received from its customer was not the sales or expense. It made increase cash and reduce account receivable.

Net income = $60,000 - $33,000 = $27,000

7 0
3 years ago
Use a T-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of
larisa86 [58]

Answer:

The amount of cash paid to suppliers of merchandise during the reporting period is $31

Explanation:

Inventory beginning balance is $90, ending balance is $93

Account payables beginning balance is $14, ending balance is $16

Cost of goods sold is $30

Using T accounts: Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.

Therefore Purchases = Cost of Sales - Beginning Inventory + Ending Inventory

Purchases = 30-90+93 = 33

<h2 />

In the Accounts Payable Account

Opening balance and Credit purchases are on the credit side, while payment to suppliers and closing balance are on the debit side

Therefore: Opening balance + Purchases during the period = Payments during the period + closing balance.

Hence: 14+33= payments during the period + 16

Payments during the period = 14+33 - 16 = $31

7 0
3 years ago
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