Answer:
In the simple Keynesian model, inflation becomes a problem only if demand increases at full employment.
Explanation:
In the Keynesian view, price inflation is mainly the result of relative changes in supply and demand, which lead to price changes. Changes in the money supply have no direct influence here. According to this school, the money supply is the result of money creation by the banking system; but this plays only a limited role in the process.
In this vision, a distinction is made between:
-
Demand inflation: Inflation occurs when the aggregated demand for goods and services increases, with an initially constant supply.
-Cost inflation: Inflation occurs if there is a sudden decrease in supply when demand remains the same.
Answer:
The correct answer is B. benchmarking.
Explanation:
Benchmarking is a continuous process by which the products, services or work processes of leading companies are taken as a reference, to compare them with those of your own company and then make improvements and implement them.
It is not about copying what your competition is doing, but learning what leaders are doing to implement it in your company by adding improvements. If we take as a reference those who stand out in the area we want to improve and study their strategies, methods and techniques for post
Answer:
finished cost = $200,000
inventory cost=$250,000
manufactured cost= $600,000
cost of good= beginning inventory+purchase during period cost- ending inventory
$600,000+$200,000-$250,000
$550,000
Answer:
finding new users
Explanation:
Market modification refers to the mechanism whereby the companies try and increase the product life cycle by extending the same product to more users than before.
Market modification strategy may be carried out by increasing the usage i.e quantity of current product by the existing users, or by adding new users to the same product by making it suitable for more customers or by altering the product quality and it's packaging.
In the given case, the product which was initially targeted at men, providing solution to the problem of hair loss, was later marketed to women too. So in this case, the company basically specified i.e informed the customers that it is not specific to a particular gender as the problem is common to all and anybody who seeks remedy to the problem, can use the product.
Thereby, the company found new users in the form of women, to whom such products can be extended and sold.
