A straight line and declining balance methods allocate the cost of a long term asset based on time while an activity based method allocated the cost of an asset based on its use.
What is balance methods accounting?In accounting, a balance method refers to the accelerated depreciation system of recording larger depreciation expenses during the earlier years of an asset's useful life while recording smaller depreciation during its later years.
Under this method, the straight line basis entails the process of expensing an asset over a longer period of time than when it was purchased while the declining balance method allocates a greater amount of depreciation in the earlier years of an asset's life than in the later years.
However, the activity-based method is known as unit of production depreciation which calculates depreciation based on the unit of production and ignores the passage of time over the useful life of an asset.
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the beginning inventory consisted of 12,000 units, 30 percent complete and the ending inventory consisted of 9,600 units, 40 percent complete. there were 26,400 units started during the period. determine the equivalent units of conversion in process using the weighted average method.
The Equivalent units of conversion in the process will be 32,640 units.
In this question, it is given that the beginning inventory had 12,000 units of which 30% were complete and the ending inventory consisted of 9,600 units which were 40% complete. There were a total of 26,400 units started during that period. We have to determine the equivalent units of conversion in the process.
First, we will calculate the number of Units completed. This can be calculated by:
=> 26400 + 12000 - 9600
=> 28,800 units
Now, we will calculate equivalent units in the ending inventory,
=> 9,600 * 0.40
=> 3,840 units
Now, Equivalent units of conversion in the process will be:
=> 28,800 + 3,840
=> 32,640 units
Hence, the equivalent units of conversion in the process according to the data will be 32,640 units
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according to the law of demand, a demand curve group of answer choices has a positive slope. is a horizontal or flat line. has a negative slope. exceeds the economy's ability to produce.
According to the law of demand, the group of demand curves has a positive slope.
Demand usually occurs in terms of buying and selling or being in the market. For example, the demand for an item to be purchased by consumers. In general, demand is the amount of goods purchased or requested at a certain price and time. The law of demand is one of the most fundamental concepts in economics. The law of demand describes how a market economy allocates resources and determines the prices of goods and services.
The law of demand is an event where more people want to buy something while supply is limited, the price of that good will be higher. Likewise, the higher the price of an item, the lower the number of goods that consumers will buy, or it can be said that the purchasing power of consumers will be lower.
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terry, the owner of river city flooring, is driven by competition. his company sells and installs custom flooring, cabinets, and countertops. river city flooring focuses on customers by delivering quality results on tight deadlines. terry pushes his managers to continually exceed their productivity goals because that is what increases profits. terry feels "there is not enough time for training." however, his employees are regularly rewarded for their success in meeting company goals. river city flooring has a(n) culture.
Based on the fact that Terry who is the owner of river city flooring, is driven by competition and pushes his employees to continually exceed their productivity goals and adequately compensates them, this shows that they have an adhocracy culture
What is an Adhocracy Culture?This refers to the term that is used in business circles to make a description of a company, organization, or corporate entity that has the ability to quickly adapt to changing market conditions.
Hence, we can see that an adhocracy culture means that people within an organization can quickly adapt to Adhoc situations, and the employees at River City Flooring do this well.
With this in mind, the correct answer is adhocracy culture as explained above, because
Therefore, it can be seen that the type of culture which the company had when the manager pushes his employees to continually exceed their productivity goals is an adhocracy culture.
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two logistics students, mark and sarah are discussing transportation logistics. mark says that all advance manifests must be submitted at least 24 hours before loading regardless of the mode of transportation. sarah says that fast truck carriers do not need to submit advance manifests. which student - mark or sarah - is correct?
Mark is correct.
FAST truck carriers are required to submit advance manifest information 24 hours before their arrival.
Transportation refers to the movement of goods, while logistics refers to the management of goods' inward and outward transportation from the manufacturer to the end user. These terms are frequently used interchangeably, but they refer to two distinct parts of the supply chain.
Transportation's significance in the logistics process In essence, if there are no modes of transportation, there is no logistical process. However, there is no efficient transportation if there is no planning.
As a result, each stage complements the other, ensuring a high level of performance throughout the activity.
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In the ________ activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
In the return activity of SCM, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
The term procurement method refers to a long-term plan to construct strategic relationships with aggressive providers to accumulate the essential goods and services of the satisfactory excellent in a particular value range and feature them delivered on time.
A backward vertical integration strategy entails a company transferring again, or upstream, along the fee chain and coming into a dealer's enterprise. a few companies use this strategy whilst executives are concerned that a supplier has an excessive amount of power over their corporations.
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which of the following appraisal approaches would be most appropriate for a public school? select one: a. market data. b. cost. c. capitalization. d. gross rent multiplier.
The correct answer is Option B.
The cost approach is most commonly used in public buildings like schools and churches.
What is appraisal approach?The cost, market comparison, and income approaches are the three different approaches or methods for conducting an appraisal. These approaches are economic models that represent various methods of estimating property value.All types of improved property can be appraised using the cost approach. It is the most dependable method for valuing one-of-a-kind properties. The cost approach provides a value insight that is the sum of the estimated land value plus the dropped in value cost of the building and other developments.When determining the Market Value of a property, appraisers use three approaches to value in Appraisal Practice: The Sales Comparison Method. The Cost Method. The Income Strategy.To learn more about appraisal approach refer to :
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in 2009, the u.s. dollar was very weak compared to the euro, the currency used by most of the countries in the european union. who would benefit most from this situation?
In 2009, the u.s. dollar was very weak compared to the euro, the currency used by most of the countries in the European Union. German tourists visiting New York City for two weeks would benefit most from this situation.
Currency is any form of standardized money used or circulated as a medium of exchange, such as banknotes and coins. A more general definition is that a currency is a monetary system that is commonly used over time within a particular environment, especially for people in a nation-state.
Currency can be divided into three monetary systems: paper money, commodity money, and representative currency depending on what guarantees the currency's value (the economy as a whole and the government's physical metal reserves). Some currencies are legal tender in certain jurisdictions or for certain purposes. B. Payments to governments (taxes) or government agencies (fees, fines). Others are traded simply for their economic value.
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The graph below shows three different normal distributions. 3 normal distributions are shown. All 3 are at different points on the axis. They all have different heights and widths. Which statement must be true? Each distribution has the same mean and the same standard deviation. Each distribution has the same mean and a different standard deviation. Each distribution has a different mean and the same standard deviation. Each distribution has a different mean and a different standard deviation. Mark this and return
Based on the normal distributions given, we can infer that the statement that is true is that Each distribution has a different mean and a different standard deviation.
What is true of normal distributions?Normal distributions can be characterized in different ways which include their mean and standard deviation. The mean of a normal distribution can be found by looking at the point in the middle of the normal distribution curve. As these curve all have different middle points, they therefore all have different means.
The standard deviation is another way to find out the characteristics of a normal distribution. It is found by looking at the spread of the normal distribution curve. We can see that the spreads of these normal distribution curves are all different because the slopes are different which means that the standard deviation is different as well.
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what is a characteristic of monopolistic competition? firms have equal market power many firms sell identical products firms avoid advertising many firms sell differentiated products g
different firms without changing the costs of products compete with each other
What are monopolistic firms ?
In a market with monopolistic competition, several businesses sell comparable but marginally different goods. This kind of scenario occurs between an openly competitive market and a full monopoly when assessing its levels of competition.
In a market with monopolistic competition, no one business has a complete monopoly over any rivals, and firms have some degree of influence over the pricing they set for their services. As a result, businesses can enter a market rapidly when they believe there is a chance of making money there and exit when they believe there is a smaller chance of doing so. Businesses in these sorts of marketplaces frequently make money in the near term, but making money long term may take more innovation.
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a large energy company produces electricity, natural gas, and oil. the production of a dollar's worth of electricity requires inputs of $0.30 from electricity,$0.10 from natural gas, and $0.20 from oil. production of a dollar 's worth of natural gas requires inputs of$0.30 from electricity, $0.10 from natural gas, and$0.20 from oil. production of a dollar's worth of oil requires inputs of $0.10 from each sector. find the output for each sector that is needed to satisfy a final demand of$25 billion for electricity, $15 billion for natural gas, and$20 billion for
The output required by each sector to meet the final demand for electricity at $25 billion, natural gas at $15 billion, and petroleum at $20 billion
E = 64.05
NG = 52.29
O = 35.15
What is mean by total demand?Total Demand is the total number of Frequency Blocks specified in all valid bids submitted in a Round at Quantity Phase .
With the statement we can create a system of 3X3 equations that would be as follows:
E = electricity
NG = natural gas
O = oil
0.30 * E + 0.10 * NG + 0.20 * O = 25
0.30 * E + 0.10* NG + 0.20 * O = 15
0.1 * E + 0.1 * NG + 0.1 * O = 20
0.65 * E - 0.15 * NG - 0.25 * O = 25
-0.35 * E + 0.85 * NG - 0.2 * O = 15
-0.1 * E - 0.1 * NG + 0.9 * O = 20
Solving this system of equations around here can be very long and impractical, therefore,
E = 64.05
NG = 52.29
O = 35.15
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true or false: under level production, a simple way to determine the number of units to be produced per month would be to divide the annual production amount (in units) by 12.
An essential Lean principle is levelling production, which makes the production process more fluid. It enables production to move materials in response to demand, which will shorten response times to demand fluctuations and upstream schedule variability.
Explain about the level production?Production smoothing, also known as production levelling, is the process by which businesses meet consumer needs while minimizing manufacturing wastes, such as capital expenses, labor costs, and lead times for production.
A production strategy that adjusts the volume of inventory to keep production constant throughout a certain time frame. Plans for level production may be necessary due to facility constraints or to meet seasonal demand. Lean Affiliates defines this.
Pre-production (planning), production (filming), and post-production are the three crucial phases of every film's production (editing, color-grading, and visual effects).
Hence, the number of units to be produced per month would be divide the annual production amount by 12 in level production is true
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an analysis of the relationships, travel patterns, and economic links between members of a columbian drug cartel is an example of which type of analys
Criminal Justice Research Analysis
What are Cartels ? How do they work ?
An official agreement between a group of producers of an item or service to control supply in order to control or manipulate pricing gives rise to a cartel, which is an organization. In other terms, a cartel is a group of separate companies or nations acting jointly as if they were a single producer, allowing them to set prices for the goods and services they manufacture and provide without having to face competition.
A cartel is a group of separate companies or organizations that band together to fix prices on goods or services.
Cartels, which compete against one another in the same market, aim to lessen that competition by coordinating price controls.
Among the strategies utilized by cartels include supply reduction, price-fixing.
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What organizational strategy would be used to write an informative essay about why it is important to wear sunscreen?.
One of the greatest and simplest ways to safeguard the health and beauty of your skin at any age is to wear sunscreen. Regular use of sunscreen aids in avoiding sunburn, skin cancer, and early ageing.
Explain about the Sunscreen?
Sunscreens offer protection from both ultraviolet A and B radiation by reflecting, absorbing, and scattering both types of energy. Sunscreen-containing lotions, creams, and gels can help shield the skin from harm that could cause skin cancer and premature ageing.
One of five crucial strategies for lowering the risk of skin cancer is the usage of sunscreen. Long-term usage of sunscreen was projected to have avoided 14,190 cases of squamous cell carcinoma (a common form of keratinocyte cancer) and more than 1700 occurrences of melanoma in 2010, according to the most thorough study on cancer prevention in Australia.
By absorbing or reflecting UV radiation, sunscreen prevents sunburn and reduces suntan. A quality sunscreen should be used in order to protect the skin. Select sunscreen that provides: broad-spectrum defence.
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the covenant of quiet enjoyment provides the tenant with group of answer choices a. a promise from the landlord that the premises will be maintained in reasonable condition. b. the right to make alterations to the property without interference from the landlord. c. the right of exclusive possession of the property during the period of the lease.
A covenant of quiet enjoyment gives the lessee, with a group of answers, the right to exclusive possession of the property for the duration of the lease.
In its broadest and most traditional sense, a contract is a solemn undertaking to do or refrain from doing a certain act. A contract was distinguishable from an ordinary contract by the presence of a seal under historic English common law. At common law, the contract would be upheld even in the absence of consideration, because the existence of the seal demonstrated an unusual seriousness in the commitments made therein.
A lease is a legal contract that requires the user to pay the owner for the use of the property. Common assets that are leased include real estate, buildings, and automobiles. Leasing is also done on commercial or industrial equipment. In its simplest form, a lease is a contract between a landlord and a tenant.
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which of the following explains why long-run average total cost at first decreases as output increases? a. less-efficient use of inputs b. diseconomies of scale c. gains from specialization of inputs d. fixed costs becoming spread out over more units of output
Gains from the specialization of inputs explain why long-run average total cost at first decreases as output increases.
By dividing the overall cost of manufacturing by the total output, the average total cost is determined. In other words, the average cost equals the total fixed and variable costs of the company divided by the total number of units produced.
The typical overall cost is represented by the following equation: Average total cost is equal to the product of total fixed costs and total variable costs.
The average total cost starts out very high since the fixed cost dominates total costs at low output levels and a denominator is a small number. As a result of the fixed expenses being spread out over a larger volume of output, the average total cost decreases.
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What happens when a limited partnership fails to substantially comply with all the requirements of the state statute regarding limited partnerships?.
A limited partnership loses its protection regarding the liability limits when it fails to substantially comply with all of the provisions of the state statute governing limited partnerships. They are thereby subject to limitless responsibility.
A limited partnership is what?
A limited partnership is composed of two or more parties, comprising a general partner and at least one limited partner. Up to the extent of their investment, limited partners are exclusively responsible for the partnership's debts.
The general partner usually manages the limited partnership; the limited partner frequently has little knowledge of or involvement in the partnership's activities.
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which case overturned fec regulations that restricted how nonprofits could take in and distribute funds to advance their preferred candidates and policies?
The case overturned fec regulations that restricted how nonprofits could take in and distribute funds to advance their preferred candidates and policies is the Buckley v. Valeo case.
What was the case that overturned fec regulations that restricted how nonprofits could take in ?One of the case case that overturned fec regulations that restricted how nonprofits could take in is that of the Buckley v. Valeo.
It should be noted that this case serve as one of the the landmark case which make the constitutionality of the Federal Election Campaign Act to be concern much about it and made them to react.
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Which step of the performance management process are heidi and christopher at in the beginning of the video?.
At the beginning of the stated video Heidi and Christopher was at the crucial step that called Review Performance of management .
What is Review Performance ?According to my point of view, Heidi handled the performance review because she gives each individual and the group adequate comments and information about their performance, helps to change behavior toward effective working, and provides statistics for Christopher to reference.
Performance expectations, monitoring, measuring, and assessment are all part of the process- and managerial-based foundation of performance management. Christopher's overall performance as well as that of another team member is being watched by Heidi. Heidi discovered concerns about the general's work on the job, and his work has an impact on how well the corporation does business.
Here, Heidi consistently describes Christopher's and the general's lesser turnover, however general complaints about his behavior were observed. The general's actions have a negative impact on employee engagement and work happiness behavior. monitoring the effectiveness and response at work.
Christopher noticed that each team member was performing very well and contributing to increased profitability, productivity .
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a(n) refers to the approach used in an advertisement to elicit some consumer response or to influence the feelings of consumers toward a product, service, or cause.
Advertising appeals refers to the approach used to attract the attention of customers or to influence their feelings towards a brand, product or service.
What is Advertising appeals ?The term "advertising appeals" describes the strategy used to grab consumers' attention or shape their perceptions of a company, a good, or a service. The main message of an advertisement is to appeal to a person's needs, wants, or interests in order to persuade her to do the desired action, which is typically "Buy me."
Advertising is a non-personal type of communication by an identifiable sponsor about a given good, service, cause, or idea. At its foundation, advertising appeal works to grab consumers' attention, successfully sway their emotions, and shift their attitudes in favour of the promoted good or service.
A campaign's advertising appeal is a crucial component. A buyer might not relate to the brand or the product if it lacks attractiveness. When there are numerous rivals, the decision to purchase a good or service becomes much more complicated.
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a cereal manufacturer has different products for children and adults. it applies a different marketing strategy for each of these customer groups. which segmentation base is the company using to divide its market in this case? multiple choice lifestyle demographic psychographic geographic behavioral
Statistics that characterize populations and their traits are known as demographics. The study of a population based on characteristics like age, race, and sex is known as demographic analysis
Explain about the demographic?Businesses use demographics, or the socioeconomic features of a population, to determine the product preferences and purchase patterns of their customers. Companies can create a profile of their consumer base using the characteristics of their target market.
A few examples of demographic data include age, race, ethnicity, gender, marital status, income, education, and employment. Survey questions are an easy and effective way to collect this type of information.
Businesses use demographic data to have a better understanding of the characteristics of the consumers of their products and services. Based on their age, location, gender, employment status, income, and a host of other characteristics, demographics can help you pinpoint the individuals who are most drawn to your brand.
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dorothy acquired a 100% interest in two passive activities: activity a in january 2017 and activity b in 2018. through 2020, activity a was profitable, but it produced losses of $200,000 in 2021 and $100,000 in 2022. dorothy has passive activity income from activity b of $20,000 in 2021 and $40,000 in 2022. after offsetting passive activity income, how much of the net losses may she deduct?
Net losses to be deducted after offsetting passive activities will be $240000
In 2017 activity A made 100% profit
In 2018 activity B made 100% profit
In 2021 activity A made = $2,00,000 loss
In 2012 activity A made = $1,00,000 loss
Therefore,
Total loss from activity A = $3,00,000
Activity B in 2021 made = $20,000 profit
Activity B in 2022 made = $40,000 profit
Therefore,
Total profit from activity B = $60,000
Offsetting the passive activity by subtracting the passive profit from activity B from the passive loss of Activity A
= Loss from activity A - Profit from activity B
= $3,00,000 - $60,000
= $240000
Net losses to be deducted after offsetting passive activities will be $240000
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the design process has four distinct stages, what are they? group of answer choices design, bid, build, operate design, procurement, construction, and design development design, bid, contract award, notice to proceed programming and feasibility, schematic design, design development, and contract documents
The design process has four distinct stages, that is: Programming and Feasibility, Schematic design, Design Development, and Contract Documents.
What is design process?A design process produces a conceptual answer to a problem that is expressed as a set of requirements. Examples comprise:
Responsibility-driven design (RDD)URDADA design process is included in the full software development process offered by ICONIX. Software development approaches like extreme programming and Rational Unified Process can be integrated with pure design methodologies. An implementation process, which offers a tangible solution based on the design, is typically conducted after a design process.
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should healthy hearts include the extinguishment of debt (i.e.,the notes) in its precombination financial statements or should cool care include it in its postcombination financial statements?
Financial statements are written records that convey the business activities and the financial performance of a company. Government organisations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes.
What is Financial statements ?Financial statements are official records of a person, business, or other entity's financial situation and actions. An easy-to-understand format is used to provide pertinent financial data in a systematic manner.
Financial statements are intended to give information about an enterprise's financial situation, performance, and changes in financial position that will be helpful to a variety of users in making financial decisions. Financial statements must to be comprehensible, pertinent, trustworthy, and similar. An organization's financial situation is directly correlated with its reported assets, liabilities, equity, income, and expenses.
Financial statements are meant to be understood by those who are willing to study the information carefully and who have a basic understanding of accounting, business, and economics.
Government financial statements may be recorded, measured, and presented according to different rules than those that apply to businesses and even non-profit organisations. They can choose between the two accounting techniques of accrual accounting and cost accounting, or they can combine the two (OCBOA).
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exceptionally large harvests of wheat or corn often result in farmers having lower total incomes for that season despite the increased production. economists explain this fact by saying that:
Since the demand for wheat and corn is essentially inelastic, thus, increases in production have a significant negative impact on pricing and farmer income.
What is Demand?
The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics.
Demand is a principle of economics that captures the consumer's desire to buy the product or service. The price that consumers are willing to pay for the good or service is used to determine demand.
What are the types of Demand?
The demand is categorize as:
1. Market demand- The market demand is the demand for a product by all of the customers who purchase that product
2. Individual demand- The individual demand, which is the demand for products and services by a single consumer.
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suppose you invest 70% of your portfolio in coca cola and the remainder in pepsi. the expected dollar return on your coca cola investment is 14.1% and on pepsi is 10.0%. the standard deviation of returns was 21% for coca cola and 17% for pepsi. assume a correlation coefficient of 0.8. calculate the portfolio standard deviation.
The term "standard deviation" (or "") refers to a measurement of the data's dispersion from the mean.
A low standard deviation implies that the data are grouped around the mean, whereas a large standard deviation shows that the data are more dispersed.
Portfolio standard deviation equals (W Pepsi2 Pepsi2) + (W Coca Cola2 Coca Cola2) +2 r r Pepsi r Pepsi r Pepsi r Pepsi r Pepsi
Where, \sW Weight of Coca-Cola = Coca-Cola
Coca-standard Cola's deviation is equal to W Pepsi's weight, and r is the correlation coefficient.
=√(0.7^2 × 21%^2) +(0.3^2 × 17%^2) + 2×0.8 × 0.7 × 0.3 × 21% × 17%
=√216.09+26.01+119.952 \s=√242.1 \s=19.03%
What can you infer from this standard deviation?
The average degree of variability in your data set is represented by the standard deviation. It reveals the average deviation of each score from the mean.
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if consumption is $800 and saving is $80, then disposable income: group of answer choices is $880 is $800 is $720 cannot be determined from the information given
The disposable income is $880 if consumption is $800 and saving is $80.
Disposable income is a term used to refer to the income that is left after the deduction of taxes and is available to be spent or saved as one wishes.
So disposable income is the sum of income spent and saved. It can be expressed in equation form as;
disposable income = consumption + saving
As the consumption, in this case, is $800 and the saving is $80, the disposable income will be the sum of $800 and $80, therefore;
disposable income = $800 + $80
disposable income = $880
Hence, the disposable income is calculated to be $880 if the consumption is $800 and the saving is $80.
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california has recently passed a statute under title vii prohibiting discrimination on the basis of national origin. patty, a citizen of ireland, is denied employment with the state on grounds that he does not possess the necessary qualifications to work. the state only hires workers with u.s. passports and workers that can pass a standardized test at training school. patty challenges this lack of hiring in federal court on 14th amendment equal protection grounds that he has been unlawfully discriminated against. what test will the court use to evaluate the law?
The test the court will use to evaluate the law is "government must show that the classification is rationally related to serving a legitimate state interest (Rational Basis Review)" Option D
This is further explained below.
What is the law?Generally, The rational basis review is the customary level of review that courts employ when analyzing constitutional concerns in United States constitutional law.
These questions might fall under the due process or equal protection clauses of the Fifth Amendment or the Fourteenth Amendment, respectively.
In conclusion, When using the rational basis review standard, the goal of the courts is to establish whether or not legislation is "rationally connected" to a "legitimate" government interest, regardless of whether that interest is actual or imagined.
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CQ
California has recently passed a statute under Title VIl prohibiting discrimination on the basis of national origin. Patty, a citizen of Ireland, is denied employment with the State on grounds that he does not possess the necessary qualifications to work. The State only hires workers with U.S. passports and workers that can pass a standardized test at training school. Patty challenges this lack of hiring in Federal Court on 14th amendment equal protection grounds that he has been unlawfully discriminated against. What test will the court use to evaluate the law?
The government must show that its classification serves a compelling state interest and that the classification is necessary to serve that interest (Strict Scrutiny) Patty must show that the classification does not serve State interests and that the government violated his 14th amendment rights (Executive Scrutiny). The government must show that its classification serves an important state interest and the classification is substantially related to that interest (Intermediate Scrutiny), The government must show that the classification is rationally related to serving a legitimate state interest (Rational Basis Review)What is the name of the industry that is capable of manufacturing all sorts of electronics items for different companies like sony, apple, microsoft, and blackberry?.
EMS: Electronic manufacturing services is the name of the industry that is capable of manufacturing all sorts of electronics items for different companies.
What exactly is an electronic manufacturing company?
Electronic manufacturing services image result
Electronics manufacturing services (EMS) are provided by businesses that design, test, build, deliver, or provide aftermarket support for electronic components and assemblies. A steady, specialist hand guiding you through the production process can help your product stand out from the crowd.
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producers tend to concentrate on making one product---not an entire line of related products. the end-consumer generally wants to purchase more than that one product that the producer specializes in creating. this situation is referred to as .
The correct answer is one of several products produced from a common input
Joint goods are a variety of goods produced concurrently through a single production cycle. Such commodities create homogeneous joint costs up until a split-off point, after which each component is handled independently. Only the combined items will have costs attributed to them prior to the split-off stage.
A joint product must qualify on the basis of equal economic relevance for each item. The more major product is considered to be the flagship product and the second product is referred to as a by-product if the two items are valued at dramatically different amounts.
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identifying markets with unfulfilled needs, segmenting the market, targeting specific segments and positioning one's product or service are the the four basic steps of:
Identifying market's needs, segmenting the market , targeting specific segments etc are the four basic steps of Target marketing plan.
What is targeting specific segment and positioning one's product?Testing specific segment of a market is the close analysis of a part of or corner of market's product may be cause of constant fall rate.Target marketing include and involves four basic steps which are identifying markets with unfulfilled needs .Identifying the market with unfulfilled needs means taking market into consideration to look after it if lacking in some things.And positioning one's product or service is the last step of targeting market plan which all are fulfilled by made market plan strategies.To know more about market strategy visit:
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