Answer:
consumers are now willing to purchase more of this product at each possible price.
Explanation:
When the demand for a good or service increases, it means that consumers are buying more. In this case, according to the law of supply and demand, increasing demand will decrease inventories of good and will make it scarcer, increasing the price.
Answer:
The answer is Diversity marketing.
Explanation:
Diversity marketing is a form of marketing strategy which recognizes that a target market contains subgroups (ethnicity, age, disability, gender and religion) and therefore seek to reach out or market products and services in a manner that connects with ideals, customs, beliefs and local culture of the group (target market).
Coca-Cola widely utilizes Diversity marketing in marketing her products because the company understands that differences exist within people and the best way to connect with a group (target market) is to use marketing tactics that are in line with the group's ideals, customs, beliefs and local culture.
The amount of merchandise inventory at the beginning of the year is B. $41,000.
<h3>What is the beginning inventory?</h3>
The beginning inventory is the balance of inventory at the beginning of a financial period.
The purchases for the current period, under the periodic inventory system, are added to the beginning inventory to obtain the value of goods available for sale. From the cost of goods available for sale, the ending inventory is deducted to obtain the cost of goods sold.
Thus, the amount of merchandise inventory at the beginning of the year is B. $41,000.
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Answer:
The direct labor cost is directly debited to work in process account of specific job and indirect labor cost is debited to factory overhead control account.
The summary journal entry to record factory labor used is given below.
Debit WIP JOB 1 $ 2,300
Debit WIP JOB 2 $ 1,780
Debit WIP JOB 3 $ 1,570
Debit Factory Overhead Control account $ 1,350
Credit Payrol account $ 7,000