Answer:
identifying pricing constraints.
Explanation:
From the question we are informed about George and Arthurine Renfro decided who decided to start a family business in 1990 and market chowchow, a southern regional food, they had to determine how they would price the chowchow by examining the demand for the product (would people rather eat home-made or store-bought), the cost of getting the jars for bottling the chowchow, and how much it would cost to distribute the product to area stores. In other words, in this case, the Renfros had to begin the development of their pricing strategy by identifying pricing constraints. .
Pricing constraints can be regarded as
factors which brings about limit of latitude of prices which a company may set.
Answer:
Effect on income= $2,500 increase
Explanation:
Giving the following information:
Contribution margin= $44
The marketing manager believes that a $6,300 increase in the monthly advertising budget would result in a 200 unit increase in monthly sales.
To calculate the effect on income, we need to use the following formula:
Effect on income= increase in total contribution margin - increase in fixed costs
Effect on income= 200*44 - 6,300
Effect on income= $2,500 increase
The Increased flexibility in scheduling has become an important benefit for employers to offer because of increase in single parent homes and the increase in two-income families.
<h3>
What is the meaning of Scheduling ?</h3>
In a production process or manufacturing process, scheduling is the process of organizing, managing, and optimizing work and workloads.
Scheduling is used to distribute resources for equipment and buildings, prepare for human resources, organize work processes, and buy goods.
The flexible schedule must be prepared for the single parent homes and also for the two income families by the employers.
Learn more about employers here:
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Answer:
$4872.48
Explanation:
future value = amount x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
r = 4% - 3% = 1%
1200 x [(1.01)^4 - 1] / 0.01 = $4872.48