Answer: Reminder advertising
Explanation:
A reminder advertising is an advertisement that is designed to remind customers of an existing or well-known product. Reminder advertising is a marketing strategy that usually consist of brief messages that is sent with the aim of reminding the target consumer about a product, or service.
Anheuser-Busch, every December runs television advertisment which features horses pulling a stagecoach that has the Anheuser-Busch logo. This is a reminder advertisement as the company is reminding the people about its products.
Answer:
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Explanation:
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Answer:
b
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
If Verslas is producing at a profit maximising point, it means that marginal revenue equal marginal revenue and the firm is earning a normal profit
Answer:
e. $111,000
Explanation:
Absorption costing income for year 3 = Income under variable costing - {Beginning inventory (units) * Fixed manufacturing overhead per unit} + {Ending inventory (units) * Fixed manufacturing overhead per unit}
Absorption costing income for year 3 = 115,000 - (500*8) + (0*8)
= 115,000 - 4,000 + 0
= $111,000
