Operational risk, or risk that arises from the actual operation/course of running the business.
Answer:
Product costs are mostly prime costs (Variable cost). Now lets check where this misclassification occurs.
There are 3 stages of absorption costing.
Stage 1: Allocation
Stage 2: Apportionment
Stage 3: Absorption
Misclassification of product cost of product A occurs at Stage 1.
This means that the share of product cost of A, which is misclassified as selling cost will be equally shared with other products in the stage 2. This sharing of cost will lower the average cost per unit of product A and increase the average cost per unit of other products. Hence, Its true.
Answer:
Consumers will consider prices based on product appearance, brand, store location, service, value, and quality.
Explanation:
Price has an important function and role for 3 parties at once, namely for the economy, for consumers, and also for companies.
- <em>For the economy</em>: the price of a product or service affects land rent, wages, interest, and profits.
- <em>For consumers</em>: consumers consider prices based on image, brand, store location, service, value, and quality.
- <em>For companies</em>: price affects the competitive position and market share of the company, besides that the price also affects the company's revenue and net profit.
#AnswerForTrees
Answer:
Business Management
Explanation:
With Her <em>Marketing Degree</em> she is able to sell and get the right Customers paying the right price. To run her department she needs knowledge of business operations in Human Resource, IT, Finance , Purchase and Supply and Accounting. The <em>Business Management</em> degree provides these disciplines as minimal.
Answer: Partnership selling
Explanation:
Partnership is a firm of business that occurs when two or more people pool their resources together on order to achieve a common goal.
Partnership selling focuses on the creation of a buying environment
that is based on the customer defined value. For partnership salespeople, they create a bridge between themselves and the customers which give them win-win solutions.