The gathering of factual statements is an example of marketing research in its descriptive role.
<span>The descriptive role of marketing research is focused on the gathering of facts to explain the current situation of a market and/or marketing program.</span>
Answer:
Schedule of cost of goods manufactured & Sold
Particulars Amount
Direct materials used $15
Direct labor $20
Factory overhead Applied <u>$30</u>
(150% of DL Cost)
Total manufacturing costs $65
Add: Beginning WIP <u>$25</u>
Total cost of work in process $90
Less: Ending WIP <u>$10</u>
Cost of goods manufactured <u>$80</u>
Particulars Amount
Cost of goods manufactured $80
Add: Beginning finished goods inventory <u>$5</u>
Cost of goods available for sale $85
Less: Ending finished goods inventory <u>$15</u>
Cost of goods sold <u>$70</u>
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Answer:
US specialisation in TV can be stated on the basis of Absolute Advantage, not comparative advantage.
Explanation:
Absolute Advantage is when a country can produce more output per input of a commodity, than other country.
Comparative Advantage is when a country can produce a good at lower opportunity cost (in terms of other sacrifised)
China can produce more (ie 5 units television) per hour employed, compared to US able to produce lesser (3 units) in the same time. So, on the basis of Absolute Advantage, it can be stated that US should specialise in TV production.
However, since other good's details have not been given. So, we cannot attain the relative opportunity costs. Hence, specialisation on the basis of comparative advantage can't be stated.
Answer:
psychomotor test
Explanation:
Since the test enabled the examiners to test Mohit's hand–eye coordination and arm–hand steadiness. In this scenario, Mohit most likely took a psychomotor test.
<u>Psychomotor is the relationship between cognitive functions and physical movement. Psychomotor learning is demonstrated by physical skills such as movement, coordination, manipulation, dexterity, etc</u>
<u>Psychomotor test has to do with the origination of movement in conscious mental activity.
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Answer:
whether they could trust each other to raise the price of a roll of titanium wire and decrease advertising to raise economic profit
Explanation:
A duopoly occurs when only two sellers in a market control the supply and price of a product.
World metalsworld metals and zhing xu metalszhing xu metals are the only major producers of a high dash grade titanium wire.
They are both advertising aggressively, but if they agree to collaborate there will be reduced need for advertising.
Them they can both raise the price of titanium wire in order to make more economic profit.
