Answer: True
Explanation: This quiz question explains the relationship between income and demand.
Answer:
$4,089 Unfavorable
Explanation:
Data provided
Standard variable rate = $9.20
Direct labor hours = 1,160
Variable manufacturing overhead costs = $14,761
The computation of variable overhead rate variance is shown below:-
Variable overhead rate variance = (Standard variable rate - (Variable manufacturing overhead costs ÷ Direct labor hours)) × Direct labor hours
= ($9.20 - ($14,761 ÷ 1,160) × 1,160
= ($9.20 - $12.725) × 1160
= $4,089 Unfavorable
Therefore for computing the variable overhead rate variance we simply applied the above formula.
Answer:
Elasticity coefficient = 0.5
Explanation:
Elasticity coefficient = percentage change in quantity demanded / percentage change in price
percentage change in price if gasoline = 20%
percentage change in quantity demanded = 10%
Elasticity coefficient = percentage change in quantity demanded / percentage change in price
= 10% / 20%
= 1/2
= 0.5
Elasticity coefficient = 0.5
To write an essay on business, target markets and strategic advantages using marketing research you can conduct online research on company websites, business news and trusted websites to form your ideas consistently.
<h3>How does conducting marketing research help companies?</h3>
It is essential that before entering the market or developing new products and services, organizations develop marketing research to better understand the characteristics of the market, the public, their needs and desires, in order to segment the market in a way that is aligned with the location.
Therefore, conducting marketing research is a planning strategy that increases the value of a company in the market, gives it subsidies to build a positive relationship with the potential consumer, in addition to increasing the speed of processes, quality and positioning in the market.
Find out more about marketing research here:
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