Value creation through place decisions for a consumer product involves a. putting the product in the front of the store pricing products
Value creation through place decisions for a consumer product involves several strategies:
a. Positioning the product at the front of the store and implementing differentiated pricing strategies across various locations.
b. Ensuring the product is readily available in stores where customers are likely to seek it out, maintaining consistent stock levels to facilitate immediate purchases.
c. Focusing primarily on online sales to minimize supply chain costs while designing engaging displays to attract consumer attention.
7 Answers
Option CExplanation: A. In the above case the statement stating superiority of cookware is stated by the experts themselves thus it cannot be considered an assumption.B. The above case clearly states that the magazine generates revenues from advertising thus it is not an assumption made, actually its a fact stated in the case that magazine will do so.C. Nothing has been stats about the perspective of the cookware company as they might find the magazine unsuitable as there would be commercials for their competitors. Thus, we can say that it is an assumption.
a.Work In Process : Direct Materials $226,000 (debit)Raw Materials $226,000 (credit)Direct Materials used in productionb.Work In Process : Shredding $33,600 (debit)Work In Process : Bagging $78,400 (debit)Salaries Payable $112,000 (credit) Direct labor incurred during productionc.Work In Process : Shredding $55,440 (debit)Work In Process : $129,360 BaggingOverheads $184,800 (credit)Overheads applied to production costd.Work In Process : Bagging $206,500 (debit)Work In Process : Shredding $206,500 (credit)Manufacturing costs transferred from Shredding to Bagginge.Work In Process : Shredding $583,000 (debit)Finished Goods $583,000 (credit)Manufacturing Costs transfer from Bagging to finished goodsf.Account Receivable $470,000 (debit)Sales Revenue $470,000 (credit)Credit Sales during the monthg.Cost of Goods Sold $240,000 (debit)Finished Goods $240,000 (credit)Cost of Goods Sold during the monthExplanation:See the Journal entries and their narrations prepared above
C). Makers of cookware will not find Kitchen a less attractive advertising vehicle because the magazine's name is associated with a competing product.Explanation:Assumptions are described as the direction/premise towards a particular conclusion made by the speaker or author as these reflect the uninvestigated belief or a proposition without evidence that may or may not be true.In the given argument, option C displays the assumption that the Kitchen magazine must have assumed without examining its validity and reached the conclusion that 'kitchen can collect its licensing feeswithout endangering..other revenues'. Thus, option C is the correct answer.
E. Customers, competitors, and suppliers are major sources of new product ideas.Explanation:The new product development is a process of beginning of the original product idea and although it differs from industry to industry and can be essential brown down into the five stages of the research as the planning and the prototyping and sourcing and the costing.The idea of construction and idea screening and concept development and marketing strategy and includes the product analysis as the source of the new product development.
Explanation:Re-Tire General Journal entries 1.Dr Work in process - Shredding $234,000Cr To Raw material Inventory $234,0002.Dr Work in process - Shredding $36,300DrWork in process - bagging $84,700Cr To Factory Wages $121,0003.Dr Work in process - Shredding $59,895Dr Work in process - bagging $139,755Cr To Factory Overhead $199,6504.DrWork in process - bagging $205 500Cr To Work in process - Shredding $205,5005.Dr Finished Goods Inventory $590,000Cr To Work in process - Bagging $590,0006.Dr Accounts Receivable $470,000Cr To Sales Revenue $470,0007.DrCost of Goods Sold $254,000Cr To Finished Goods Inventory $254,000Explanation:2. Work in process - Shredding (121,000*30%) =$36,300Work in process - bagging (121,000*70%)=$84,700 To Factory Wages(84,700+36,300) =121,000 3. Work in process - Shredding (36,300*165%)=$59,895 Work in process - bagging (84,700*165%)=$139,755 To Factory Overhead (139,755+59,895)=199,650
In economics, productivity refers to the ratio of what is generated to what is needed to manufacture it. This ratio is usually expressed as an average, with the total production of a group of goods divided by the total input of labour or raw materials, for example. The amount of output divided by the volume of inputs is generally referred to as productivity. In other words, it assesses how effectively a country's development inputs, such as labour and capital, are used to generate a given amount of output.Explanation:(hope this helps can i plz have brainlist ? hehe)
Product modificationExplanation:-Product lining refers to offering different goods that are sold separately.-Product bundling refers to offering different goods that are sold as a group.-Product modification is a change that is made to a product to make it more appealing and adjust it to customers' needs.-Product churning is when companies sell an important amount of products to a point that it doesn't benefit the customers.-Product sabotage is when companies get customers to buy the products that generate more revenue instead of the options with a lower price.According to this, the answer is that product modification involves altering one or more of a product's characteristics, such as its quality, performance, or appearance, to increase the product's value to customers and increase sales because it refers to making changes to a product to adapt it to customers needs and make it more appealing.
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