Answer:
Climate segmentation
Explanation:
Climate segmentation -
It refers to the practice of focusing a particular weather , in order to sell goods and services according to the respective climate , is referred to as Climate segmentation .
In this method potential people are targeted on the basis of the requirement of goods for a particular weather .
Hence , from the given scenario of the question ,
The correct answer is Climate segmentation .
A command economy is one in which a centralized government controls the means of production. The government determines what is produced, how it is produced and how it is distributed. Private enterprise does not exist in a command economy. The government employs all workers and unilaterally determines their wages and job duties. There are advantages and disadvantages of command economy structures. Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
Because the government controls the means of production in a command economy, it determines who works where and for how much pay. This power structure contrasts sharply with a free market economy, in which private companies control the means of production and hire workers based on business needs, paying them wages set by invisible market forces. In a free market economy, the law of supply and demand dictates that workers who have unique skills in high-demand fields receive high wages for their services, while low-skill individuals in fields that are saturated with workers settle for meager wages, if they can find work at all.
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Answer:
a. If Mel decides to sell dinners, what are the total costs for both making and buying the cookies?
if Mel decides to sell dinners, the he will not have any spare capacity for producing cookies, so the production costs would be different:
direct materials $0.20
direct labor $0.15
total overhead (including variable and fixed) $0.45
total cost per cookie = $0.80
Purchase price form external supplier = $0.60 per cookie (same as before).
b. Should Mel continue to buy the cookies? Yes No
It would be better for Mel to simply buy the cookies from an external supplier at $0.60.
Mel should only produce the cookies if he decides not to sell dinners.
The transaction that uses money is clearly associated with money being used as payment. The money here is used as medium of exchange, as a storage of value, and also as a unit of account. One of the major uses of money is that it facilitate transactions.
