Answer:
Allocated MOH= $297,435
Explanation:
Giving the following information:
Budgeted factory overhead was $289,920
budgeted machine-hours were 19,200.
Actual machine-hours were 19,750
First, we need to calculate the estimated overhead rate.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 289,920/19,200= $15.06 per machine hour.
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 15.06*19,750= $297,435
Answer:
Applied Overhead $ 298225
Explanation:
Reyes Corporation
Budgeted factory overhead $289,920,
Budgeted machine-hours 19,200
Actual factory overhead $294,920,
Actual machine-hours were 19,750
Overhead Rate = Budgeted factory overhead/Budgeted machine-hours
Overhead Rate = $289,920/ 19,200= 15.1
Applied Overhead = Overhead rate * actual machine hours
Applied Overhead = 15.1 * 19750= $ 298225
The political business cycle refers to the possibility that
The political business cycle refers to the government's use of fiscal policy to influence the economy in line with their political goals.
Explanation:The political business cycle refers to the possibility that the government may use fiscal policy to influence the economy in a way that aligns with their political goals. This can result in shifts in aggregate demand and aggregate supply, leading to business cycles of recession and recovery. For example, the government may choose to increase spending or reduce taxes during an election year to stimulate the economy and gain political support.
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_________ involves reviewing the project charter, requirements documents, and organizational process assets to create a scope statement, adding more information as requirements are developed and change requests are approved.
a. Creating scopeb. Defining scopec. Controlling scoped. Validating scope
Answer:
The correct answer is B
Explanation:
Defining the scope means all the work which is required to be completed in order to accomplish the objectives or goals of the project. In short, it comprise of the procedure of documenting, reviewing and the identifying the particular goals of the project, tasks, timeline dates, outcomes and costs to the objective of the project.
Therefore, the defining scope comprise of the process of organizational, reviewing the project charter and documents in order to establish the scope statement adding information as the requirements are developed.
A company desires to sell a sufficient quantity of products to earn a profit of $280000. If the unit sales price is $16, unit variable cost is $12, and total fixed costs are $800000, how many units must be sold to earn net income of $280000?
Answer:
$270,000
Explanation:
Data provided
Quantity of products = $280,000
Total fixed costs = $800,000
Unit sales price = $16
Variable cost = $12
The computation of units must be sold is shown below:-
Contribution per unit = $16 - $12
= $4 per unit
Units must be sold = (Quantity of products + Total fixed costs) ÷ Contribution per unit
= ($280,000 + $800,000) ÷ $4
= $1,080,000 ÷ $4
= $270,000
With regards to performance appraisal dimensions and standards, _________ are the goals of meeting product specification standards. activity plans sustainability measures differential measures input measures output measures
Answer:
OUTPUT MEASURES
Explanation:
Simply put, production calculation relates to the metric that determines what has been generated (e.g., quantity of gadgets made or quantity of hot dogs ended up serving) or the facilities you rendered (e.g., number of customers). Production assessments do not discuss the job's importance or effect to the explicit or implicit stakeholders. An instance indicator of the production is velocity.
Common resources tend to be overused because: individuals tend to ignore the cost to others of their use of the resource. common resources are nonrival and nonexcludable. the marginal cost of allowing one more unit of consumption is zero. the individual marginal cost is greater than the marginal social cost.
Answer: individuals tend to ignore the cost to others of their use of the resource.
Explanation:
Common resource are the resources which are freely available in the market. When there is no government intervention these common resources are overused. As these are in the cost of the others. This is also a method of natural monopoly.
Some of the examples of the common resources can be fish in the ocean, trees, forest animals. Over usage of the common resources also result in negative externalities like the balance in eco system will be affected.
Melissa Price is a member of the sales force at Urban Fashions, a Houston-based manufacturer of women's apparel. Melissa is preparing for a first meeting with a wholesaler who is a potential customer. She is learning as much as she can about her prospect and his organization. Melissa is in the ________ step of the personal selling process.
Answer:
Pre-approach
Explanation:
In case of personal selling, the seller and prospective buyer come face to face, wherein the former tries to highlight and convey product attributes to the prospect with an objective of effecting a sale.
Under 7 step personal selling approach, pre approach refers to conducting customer research and planning goals for the presentation, which is to be be given to the prospect.
Under this approach, the salesperson fixes up a face to face meeting with the prospect in order to ascertain prospect's needs and wants. Post ascertainment of such needs, the salesperson carries out a presentation, informing the prospect about product attributes which would meet such needs.
In the given case, Melissa is preparing for her first client meeting, trying hard to learn about prospect and his organization i.e customer research. Thus, this is the pre-approach step of the personal selling process.
Suppose the one-year forward $/euro exchange rate is $1.2 per euro and the spot exchange rate is $1.1 per euro. What is the forward premium on euros (the forward discount on dollars)? The forward premium on euros is nothing percent. (Give your answer as a percentage with one decimal and do not forget a negative sign, if appropriate.) Given the above information, what is the difference between the interest rate on one-year dollar deposits and that on one-year euro deposits (assuming no political risk)? The difference between the dollar interest rate and the euro interest rate Upper R Subscript $ Baseline minus Upper R Subscript euro Baseline equals nothing percent. (Give your answer as a percentage with one decimal and do not forget a negative sign, if appropriate.)
Answer:
You want to learn about the Ferris–wheel riding habits of people, so you ask those leaving a theme park, “How many times did you ride the Ferris wheel today?”
Is the question a statistical question? Explain why or why not yomahama
Explanation:
Boulder Company reports current E&P of $500,000 this year and accumulated negative E&P at the beginning of the year of $200,000. Boulder distributed $400,000 to its sole shareholder on December 31 of this year. How much of the distribution is treated as a dividend this year?
Answer:
$400,000
Explanation:
Distribution for a particular year will be first drawn for the earning and profits for that year. Distributions will be treated as dividends if the earnings and profits in the current year are positive, regardless of whether the accumulated balance is negative.
Boulder had positive earnings and profits of $500,000. It has distributions of $400,000, which will be drawn from the earning from the current earnings. This distribution will be dividends because they can be satisfied with the current earnings.
Mona is induced by her guardian Newt to sign a contract to invest her student loan funds in OptiBank through Newt's investment firm. Unknown to Mona, Newt realizes a commission from the investment. Most likely, Mona may rescind the contract on the basis of:
A. ​undue influence.
B. ​fraud.
C. ​mistake.
D. ​duress.
Answer:
A. Undue influence
Explanation:
Undue influence in law of contract is when a person uses his or her position of power to take advantage over another person. It is an act of influencing the other party in a contractual relationship. There must be a relationship between both parties before undue influence can take place.
In law of contract, if a person is a victim of undue influence, the person has the right to rescind the contract provided same can be proven in a court of law.
Example of undue influence is when a person is not given parts of properties due to him or her in a family's will, whereas he or she is entitled to it.
Charlie Chairs Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. The company uses Weieghted Average Method.
Data for Department A for February 2015 are:
WIP, beginning inventory, 40% completed 200 units
Units started during February 800 units
WIP, ending inventory, 50% completed 100 units
Costs for Department A for Feburary 2015 are:
WIP, beginning inventory:
Direct Materials $150,000
Conversion Costs 200,000
Direct Materials costs added during February 600,000
Conversion costs added during February 425,000
What is the unit cost per equivalent unit of direct materials in Department A?
Answer: $3,250
Explanation:
DATA FOR DEPARTMENT A for February 2015 are:
WIP, beginning inventory, 40% completed 200 units
Units started during February 800 units
WIP, ending inventory, 50% completed 100 units
COST FOR DEPARTMENT A for Feburary 2015 are:
WIP, beginning inventory:
Direct Materials $150,000
Conversion Costs 200,000
Direct Materials costs added during February 600,000
Conversion costs added during February 425,000
THE UNIT COST PER EQUIVALENT UNIT of beginning inventory in Department A is:
---------------------------------mat----conv--------total
No of physical unit-----200 - - 200
% completed - - - - - - -100% - -40%
Equivalent unit Beg.
Inventory - - - - - - - - - 200------ 80
Total cost of Beg.
Inventory - - - - - -150,000--- 200,000
Cost per equivalent
Unit - - - - - - - - - - - $750 - - - - $2500 - - $3,250
The unit cost per equivalent unit of direct materials in Department A using the Weighted Average Method is $833.33, calculated by dividing the total direct materials cost of $750,000 by 900 equivalent units.
The unit cost per equivalent unit of direct materials in Department A, we need to use the Weighted Average Method. First, we combine both the costs of beginning work-in-process (WIP) and the costs added during the month for direct materials. This gives us a total cost of direct materials which is $150,000 (beginning inventory) + $600,000 (added during February) = $750,000. This total cost is then divided by the equivalent units of production.
Since direct materials are added at the beginning of production, all units, whether they are in beginning WIP, units started and completed during February, or in ending WIP, are considered 100% complete with respect to direct materials. So, the equivalent units for direct materials are the total units accounted for, which is the sum of units started during February and WIP beginning inventory, minus the units in ending WIP since they're already accounted for in the units started. This gives us 800 units started + 200 units from beginning inventory - 100 units in ending inventory = 900 equivalent units.
Now, we take the total cost of direct materials ($750,000) and divide it by the equivalent units (900 units) to get the unit cost per equivalent unit of direct materials: $750,000 / 900 units = $833.33 (rounded to two decimal places).
Perry Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost information has been compiled: Product Number of Setups Number of Components Number of Direct Labor Hours Standard 12 8 255 Deluxe 28 12 245 Overhead costs $52,000 $78,000 Number of setups and number of components are identified as activity-cost drivers for overhead. Assuming an activity-based costing system is used, what is the total amount of overhead costs assigned to the standard model? Group of answer choices $45,600 $47,400 $46,800 $49,200
Answer:
$46,800
Explanation:
Total overhead costs based on traditional systems of both products are: $52,000 +$78,000 = $130,000
Assuming that Perry Corporation applies the activity-based (setups and components) costing system instead of the traditional one, the overhead cost for the standard model can be calculated as following:
+) Overhead cost of each setup (for both products) = $52,000/(12 + 28) = $1,300
+) Overhead cost of each components (for both products)
= 78,000 / (8+12) = $3,900
=> Total overhead costs using activity - based costing system is:
Total overhead costs = 1,300 x Number setups needed for standard model + 3,900 x Number of components needed for standard model
= 1,300 x 12 + 3,900 x 8
= $46,800
uppose that the one-year forward dollar price of a euro is $1.36. Further, assume that the spot exchange rate is $1.28 per euro, and that the interest rate on dollar deposits is 6 percent. What is the interest rate on Euro deposits that would make interest parity hold
Answer:
You want to learn about the Ferris–wheel riding habits of people, so you ask those leaving a theme park, “How many times did you ride the Ferris wheel today?”
Is the question a statistical question? Explain why or why not. soo yaah
Explanation:
According to the austrian view of the business cycle, if expansionary monetary policy pushes the interest rate to an artificially low level, the result will be
Answer:
Mal investment and an unsustainable economic boom followed by recession
Explanation:
According to the austrian view of the business cycle, if expansionary monetary policy pushes the interest rate to an artificially low level, the result will be MAL INVESTMENT AND AN UNSUSTAINABLE ECONOMIC BOOM FOLLOWED BY RECESSION
Capital budgeting is the process of:
a. keeping track of all the revenues and expenses incurred by a firm during the year.
b. determining how much capital a firm should raise.
c. determining how much debt a firm should budget for in its capital structure.
d. determining which capital investments a firm should make.
Answer:
d. determining which capital investments a firm should make.
Explanation:
Capital Budgets are prepared to determined which capital investments a firm should make. This takes into account the projected cash flows and discounting them with the firm`s cost of capital to determine the net present value of a capital project.
Answer:
determining which capital investments a firm should make.
Explanation:
Budgeting is the process by which an individual or a business plan future spending on the various projects they want to accomplish.
Budgeting helps with proper planning and avoids waste.
Capital budgeting is the process of ascertaining if spending on long term investment like new products, research and development, new machinery, and so on is worth it and relevant for the company.
The short-run tradeoff between inflation and unemployment implies that, in the short run, a. a decrease in the growth rate of the quantity of money will be accompanied by an increase in the unemployment rate. b. an increase in the growth rate of the quantity of money will be accompanied by an increase in the unemployment rate. c. policymakers are able to reduce the inflation rate and, at the same time, reduce the unemployment rate. d. policymakers can influence the inflation rate, but not the unemployment rate.
Answer:
a decrease in the growth rate in the quantity of money will be accompanied by an increase in the unemployment rate
Explanation:
The short-run tradeoff between inflation and unemployment implies that, in the short run,
a. a decrease in the growth rate of the quantity of money will be accompanied by an increase in the unemployment rate. b. an increase in the growth rate of the quantity of money will be accompanied by an increase in the unemployment rate. c. policymakers are able to reduce the inflation rate and, at the same time, reduce the unemployment rate. d. policymakers can influence the inflation rate, but not the unemployment rate.
Answer:
A) A decrease in the growth rate of the quantity of money will be accompanied by an increase in the unemployment rate.
Explanation:
The rate of unemployment and inflation is inversely related. This means when there is an increase in one, the other one automatically decreases. That is, when there is a decrease in unemployment, there is an increase in inflation. And when there is an increase in unemployment, there is a decrease in inflation. The rate of unemployment and the rate of inflation found in the Phillips e usually coincide with the GDP and price level of aggregate demand
Selling to another company the right to make and market a product line is called _____ the line.
A. spinning off
B. branding
C. extending
D. lowering
Answer:
A. spinning off
Explanation:
Selling to another company the right to make and market a product line is called spinning off the line. The appropriate response is Option A.
What is spinning off ?A spinoff occurs when a company makes a new independent business by attempting to sell or distributing additional shares of its existing business. A spinoff is another term for a divestiture. A company creates a spinoff in the hope that it will be more valuable as an independent entity.
A spinoff is the formation of a new company from the sale or distribution of new shares of a parent company's existing business or division.
The spun-off businesses are obliged to be more valuable as separate entities than as parts of a larger corporation.
When a corporation spins off a business unit with its own management structure, it establishes it as an independent company under its own name.
Hence, Option A is an appropriate response.
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Angela believes that Beamer Corporation’s stock will drop in value. She borrows 150 shares from a brokerage firm when the stock was selling at $42 per share. When the stock’s price dropped to $27 per share, she told the brokerage firm to buy 150 shares of Beamer stock. This stock was returned to the brokerage firm in replace of the stock she first borrowed. What is Angela’s profit on her short selling investment?
Given:
Total number of shares = 150
Selling price = $42
Purchase price = $27
Find:
Angela’s profit on investment = ?
Computation of Angela’s profit on investment:
Angela’s profit on investment = Total sales value - Total purchase value
Angela’s profit on investment = (150 x $42) - (150 x $27)
Angela’s profit on investment = $6,300 - $4,050
Angela’s profit on investment = $2,250
Therefore, Angela’s profit on the selling of investment is $2,250.
Angela made a profit of $2,250 by short selling 150 shares of Beamer Corporation's stock, buying them back when the price dropped and returning them to the brokerage.
Angela engaged in an investment strategy known as short selling with Beamer Corporation's stock. Initially, Angela borrowed 150 shares and sold them at the market price of $42 per share. Later, when the price dropped to $27 per share, she repurchased the same quantity of shares to return to the brokerage. To calculate Angela's profit from this short selling investment, we consider:
The total amount received from the initial sale: 150 shares imes $42 per share = $6,300
The total cost to repurchase the shares: 150 shares imes $27 per share = $4,050
Angela's profit is the difference between the amount received and the amount spent on repurchase:
$6,300 (amount received) - $4,050 (amount spent on repurchase) = $2,250 (profit)
Therefore, Angela's profit on her short selling investment is $2,250.
A(n) _____ is best used to depict the transformation of raw materials into finished goods and services along distinct vertical stages. A. forces model B. vertical alliance C. industry value chain D. horizontal alliance
Answer:
An force model B vertical alliance.
Rhett corporation manufactures and sells dress shirts. each shirt (unit) requires 3 yards of cloth. selected data from rhett's master budget for next quarter are shown below: april may june budgeted sales (in units) 26,000 28,000 32,000 budgeted production (in units) 28,000 32,000 36,000 desired ending inventory of cloth (in yards) 2,100 2,800 3,000 how many yards of cloth should rhett plan on purchasing in may?
Rhett corporation's Plan on budgeted purchasing in may is 97,600 yards
Explanation:
Opening inventory of May = Closing inventory of April = 2100 yards
Budgeted production of May = 32,000 units
Closing inventory of May = 2800 yards
Required inventory for producing 32,000 units
= 32,000 × 3 yards (per unit production of shirt) = 96,000 yards
Plan on purchasing in may
= Total yards needed - opening inventory + closing inventory
= 96,000 - 2100 + 2800 = 97,600 yards
[tex]= 96,000 - 2100 + 2800 = 97,600 yards[/tex]
A government program guarantees $18,000 in income, even for those who do not work at all. If the recipient earns income by working, then the $18,000 benefit is reduced by 50 cents for each $1 earned. Will this program eliminate the poverty trap
Question Options:
Yes, enacting such a program will eliminate the poverty trap.
No, enacting such a program may still reduce the incentive to work.
Yes, and enacting such a program will cost the government less money.
Yes, enacting such a program will create adequate incentive to work.
Answer:No, enacting such a program may still reduce the incentive to work.
Explanation: Poverty trap can be defined as a self-reinforcing cycle which allows poverty to persist. This poverty trap is the worst form of poverty. In this situation an increase in someone's income is offset by a consequent loss of state benefits, leaving them no better off.
A CEO made a lot of mistakes in assessing the market and the competitive conditions and improperly redesigning the organization into numerous business units. Such errors led to significant performance declines. According to the text, this example illustrates the ________ perspective of leadership.
Answer:
B. romantic
Explanation:
Based on the scenario being described within the question it can be said that the romantic perspective of leadership. This is a view which describes a situation in which the individual leader is the sole determining factor of the organizations success or failure. Such as in this case since the company's failure rests solely on the actions of the CEO.
59. Chapter ma2pe08r, Section .11, Problem 069 (ID: 069.01.1 - MC - MANK08) College-age athletes who drop out of college to play professional sports a. are not rational decision makers. b. are well aware that their opportunity cost of attending college is very high. c. are concerned more about present circumstances than their future. d. underestimate the value of a college education.
Answer:
b. are well aware that their opportunity cost of attending college is very high.
Explanation:
Since the College-age athletes are able to play professional sports; (which is one of the things an athlete longs for in his career) without finishing college. Going back to college would seem like a waste of time to them because they have achieved a milestone even without finishing college.
Hence, they are well aware that their opportunity cost of attending college is very high.
Answer:
B) are well aware that their opportunity cost of attending college is very high.
Explanation:
Opportunity costs refer to the extra costs or benefits lost from choosing one activity or investment over another alternative.
When we are talking about college athletes, that might mean a lot of money, since staying at college means that they will not be able to play professionally. Professional sports leagues use rookie contracts which are generally "cheap" to try to discourage college students form dropping out, but still those cheap contracts have 5 zeros.
Many players are concerned about their careers being too short and others are simply eager to become rich. So many decide to drop out of college and enter the draft.
Michael worked for a textile manufacturer during the first half of the 20th century. When the supply of his company's textiles exceeded customer demand, he realized that he would have to invest more money in advertising his products and go directly to his customers to convince them to purchase his products. Based on this scenario, Michael has most likely adopted the ________ orientation.
Answer:
sales
Explanation:
Based on the scenario being described within the question it can be said that Michael has most likely adopted the sales orientation. This term refers to a business approach that focuses on mainly persuading individual customers to purchase the company's product as opposed to understanding the customer's needs or marketing to a larger audience.
A larger, higher-resolution computer display can improve your business by
Question 3 options:
enhancing your productivity.
reducing eye strain.
speeding up processing.
improving your sound system.
Answer:
It can improve one's business by reducing eye strain
Explanation:
To begin with, resolution in computer display or a computer display resolution is all about how clearly a computer can display visual contents through its monitor. A higher resolution results in clearer display while a lower resolution gives a display that is not sharp.
When images are sharper, anybody using the computer would not have to strain his/her eyes (or get tired eyes) while viewing contents on the monitor. Thus a higher resolution computer improve business as users of such computers don't easily get tired eyes resulting from poor display.
Answer:
Enhancing your productivity
Explanation:
Chapter 26: Start Your Own Business
Livermore Industries uses a kanban system to manage production of the KR-9 subassembly. In a ten-hour day, they use 1500 units and use containers that can hold 50 units each. It takes 45 minutes to fill and move a container of parts to the right place on the KR-9 line that is currently rated at a 15% safety factor. How many production cards are needed
Answer:
3 cards are required since given problem statement states that 15% as safety factor.
Section 404 of the Sarbanes-Oxley Act requires:
A. The establishment of procedures to accept employee complaints.
B. Code of ethics requirements for senior officers.
C. A report of the company's internal control over financial reporting.
D. The principle executive to certify that they have reviewed the financial statements
Answer:
C) A report of the company's internal control over financial reporting.
Explanation:
The Sarbanes-Oxley Act (2002) establishes auditing and financial regulations for publicly traded companies. Section 404(a) states that upper management must establish an internal control structure that oversees financial reporting. Upper management is also responsible for verifying the effectiveness of the control structure.
At April 30, Yaddof Company has the following bank information: cash balance per book $4,600; outstanding checks $780; deposits in transit $550; credit memo for interest $100; bank service charge $20. What is Yaddof's adjusted cash balance on April 30?
Answer:
$4,370
Explanation:
As this is the cash balance and the adjustment is on the same day, so that the transaction would adjust Yaddof Company included only outstanding check and deposit in transit.
In this case, the adjusted cash balance on April 30 of Yaddof Company can be calculated as:
Adjusted Cash Balance = Cash balance - Outstanding check + deposits in transit = 4,600 - 780 + 550 = $4,370
Conclusion: The adjusted cash balance is $4,370
Alt Partnership, a cash-basis, calendar-year entity, began business on October 1, 2019. Alt incurred and paid the following in 2019: Legal fees to prepare the partnership agreement $12,000 Accounting fees to prepare the representations in offering materials 15,000 Alt elected to amortize costs. What was the maximum amount (ignoring any immediate expensing allowed) that Alt may deduct on the 2019 partnership return?
Answer: B
Explanation :Choice "b" is correct. Eligible expenditures up to $5,000 can be deducted in the first year (with overall limitations). Additional expenditures are amortized over 180 months beginning with the date they begin business. Legal fees to prepare the partnership agreement ($23,000) are eligible for this treatment, but sales and promotional expenses ($15,000) are not deductible or amortizable.
The first year deduction is calculated as follows:
23,000
(5,000) immediate deduction
18,000 / 180 months = $100 per month x 3 = 300 + 5,000 = $5,300
Final answer:
The maximum deduction for Alt Partnership in 2019 is $5,366.67, which includes the $5,000 initial deduction and the $366.67 amortization of organizational expenses for the three months in 2019.
Explanation:
The question relates to the deduction of organizational expenses for a partnership in its tax return. Since Alt Partnership is a cash-basis entity, it can only deduct expenses actually paid within the tax year. According to the IRS guidelines, organizational costs can be deducted up to a $5,000 limit in the first year, with any excess over this limit being amortized over 180 months (15 years). However, the $5,000 threshold is reduced by the amount that the total costs exceed $50,000. In this case, the total organizational expenses paid by Alt Partnership in 2019 amount to $27,000 ($12,000 in legal fees plus $15,000 in accounting fees).
As the total expenses do not exceed $50,000, Alt Partnership can deduct the full $5,000 in 2019. The remaining $22,000 ($27,000 - $5,000) can be amortized starting in October 2019. Since the partnership started business in October, only one quarter of the annual amortization can be deducted in 2019. To calculate the amortization expense, we divide the remaining amount by 15 years and then by 4 to represent the three months of 2019 that the partnership was in business.
Thus, the annual amortization expense is $22,000 / 15 = $1,466.67. The deduction for the three months of 2019 is $1,466.67 / 4 = $366.67. Consequently, the maximum deductible amount on Alt Partnership's 2019 tax return, ignoring any immediate expensing allowed, would be the initial $5,000 deduction plus the amortization for 2019, totaling $5,366.67.
You're the Chief Marketing Officer of SalonCentric, a wholesaler of hair and beauty products sold to licensed beauticians and cosmeticians through brick-and-mortar stores across the United States. You want to increase revenue by expanding into another market category. What is your best option?
Answer:
My best option would be to start producing hair dye which I can sell to companies that produce or manufacture hair color.
Explanation:
As a marketer, one of the ways by which you can generate revenue is by expanding your business into another market category.
While expanding a business into another market category it is very important to make sure the following are available.
a. There must be enough money to aid in the expansion of the business.
b. Your business has a consistent flow of customers that are loyal to your brand.
In the question above, a Chief Marketing Officer that sells hair and beauty products wants to expand her business. Her best option would be to start producing hair dye because she sells hair products already to licensed beauticians therefore
a. She has a steady flow of customers already.
b. Hair dye is an hair product as well therefore it would be quite easy to market and sell her product very well.
PureSource Pharma Inc. recently acquired BioChem Pharmaceuticals Inc. It now sells its own products along with the products originally sold by BioChem Pharmaceuticals. As a result, PureSource Pharma's sales force will also be marketing the acquired company's products. How will this horizontal integration most likely affect PureSource Pharma?
A. PureSource Pharma will lower its costs through economies of scale.
B. PureSource Pharma will diminish its economic value creation.
C. PureSource Pharma will increase its cost of distribution.
D. PureSource Pharma will reduce the size of its sales force.
Answer:
A.
Explanation:
Based on the scenario being described within the question it can be said that this will most likely affect them by allowing PureSource Pharma to lower its costs through economies of scale. Meaning that they will incur less costs for every additional unit that they generate as output. Whether it is their or another acquired company's product.