Answer:
amount of direct materials that should be used for each unit of finished product including an allowance for normal inefficiencies, such as scrap and spoilage.
Explanation:
Standard quantity per unit is defined as materials that the manufacturer needs to complete a unit of a product. It also allows for inefficiencies such as spoilage and scrap.
It is used by managers to reduce wastage that exists during production by allocation of only the required amount of direct materials in the production process.
Answer:
a. Cost cutting may lead to the loss of desirable features
Explanation:
In the business market, sometimes there occurs a price war between the various companies regarding the same type product and each company reduces the price to as minimum as possible to take the cost leadership in the market. Some drawbacks that occur in such a strategy of companies are listed here -
- There is a tight control on the expenses during the manufacturing of products which often results in loss of desirable features in the products
- No new innovations are made as companies focus mainly of the current product
- The feedback of customers seem to be of no importance in such conditions
- This strategy promotes the lower quality products in the market
The generational age group which is now forming brand relationship and represent tomorrow's market is GENERATION Z.
There are several generational age groups in the market, but the largest four are: the baby boomers, generation X, the millenia and generation Z.
The generation Z are people born after year 2000 who are mainly children and teenagers; these young consumers represent tomorrow's market.<span />
Answer: C. a positive externality.
Explanation:
The positive externality refers to actions that directly or indirectly present benefits to society. Sometimes these activities are paid for third parties, likewise, it can be seen that each action that is carried out, however small, will have effects on people (society) causing a positive externality.
For example, in the case of the neighbor, there is a positive externality, since his ability with the garden gives the neighborhood a nice touch, although some plants are not liked by some neighbors, you can see different and beautiful things in the neighbor's garden, and this benefit is being obtained at no cost to others since the person who invests is a person and the others also enjoy the benefits of it.
<em>I hope this information can help you.</em>
