Which of the following is a career within the communication industry ?
Public information officer
Answer:
b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.
Explanation:
Vertical disintegration occurs when a company takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.
A common or popular example of vertical disintegration is Hollywood because it comprises of specialized business firms that are saddled with the responsibility of performing specific tasks or services such as creating movie trailers, posters, editing, sound effects, special effects, lighting, etc.
Generally, vertical disintegration help business firms or organizations to share risk associated with doing business among themselves.
Answer:
The overhead cost allocated to Totes is $11556 and option c is the correct answer
Explanation:
To allocate the overheads between products using a plant wide rate, we need to calculate the plant wide Overhead absorption rate (OAR). The OAR allocates overheads to each product based on the activity level consumed by each product.
OAR = Budgeted Overheads / Budgeted Absorption base
As the overhead absorption base is the direct labor cost, we first need to determine the total direct labor cost for both the products.
Direct labor cost = 64 * 350 + 51 * 530 = $49430
OAR = 25500 / 49430 = $0.5159 per direct labor cost of $1
Direct labor cost used by Totes = 64 * 350 = $22400
Overheads to be allocated to Totes = 22400 * 0.5159 = $11556.16 rounded off to $11556
The product development process consists of 6 steps:
1. Idea generation
2. Concept testing
3. Product development
4. Market testing
5. Product launch
6. Evaluation of results
Given these are the steps of the product development process - the phase where a focus group would most likely happen is phase two concept testing.
When they are concept testing the item, they can bring in people and let them try out the concept model and get their viewpoint on it prior to making the actual item and launching it. A focus group will also provide good feedback on the idea and allow time for the company to make changes if necessary.
Institutions provided omnibus survey which consists combined questions forming one large questionnaire to student groups. It is a way of conducting marketing research to collect various data from the subjects of the study, wherein it is also called as the "piggyback survey."