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MakcuM [25]
2 years ago
12

Which of the following statements about the economic value to the customer (EVC) is FALSE? a. EVC for a product is estimated com

pared with an existing product used by the customer. b. Companies generally attempt to price products to match EVC. c. EVC may be different for different customers. d. EVC is the maximum customers should be willing to pay. e. EVC is calculated as the total life cycle cost or cost of ownership over the entire life of a product.
Business
1 answer:
Mumz [18]2 years ago
7 0

Answer:

Option D is false

Explanation:

EVC is not the same thing as willingness to pay because EVC is a measure of the value the product produces for a particular customer but doesn't have any effect on it's customers ability to pay for the estimated value.

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Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just compl
xz_007 [3.2K]

Answer:

Direct Labor 574,000 Manufacturing Overhead 163,000 Wages Payable 737,000

Explanation:

The journal entry is shown below:

Work in process A/c Dr $574,000

Manufacturing overhead A/c Dr $163,000

             To  Wages payable A/c $737,000

(Being direct and the indirect cost is recorded)

For recording this given transaction, we debited the work in process account and manufacturing overhead account and credited the wages payable with the total amount

8 0
2 years ago
Zach notices that sales of the company's best products are declining. He gathers together his sales staff to generate solutions
Karolina [17]

Answer:

E) brainstorming.

Explanation:

Based on the scenario being described within the question it can be said that in this situation Zach is using the technique of brainstorming. This term refers to a group creativity technique in which members of the organization come together and spontaneously contribute any and all ideas they may have towards solving a specific problem that the organization is facing.

4 0
2 years ago
Bypassing regular sales channels in favor of Internet retailing can have strong appeal if it A. D) includes partnering rather th
jolli1 [7]

Answer:

Option A.

Includes partnering rather than competing with existing distributors

Explanation:

Through internet retailing, a business can partner with other distributors and enlist the products of the distributors on their website along side their products.They can charge a fee for each product sold via their platform, which can serve as additional revenue to the business, without much extra costs. This is because the platform is already available.

This is the business model that companies such as Amazon apply. They enlist products of other businesses on their online platform, sell them and make some profit for themselves.

This is what gives internet retailing a strong appeal.

5 0
2 years ago
The Mass Rapid Transit (MRT) System in Hong Kong has been running significant losses. Transport Ministry officials have argued o
Aleonysh [2.5K]

Answer:

A) -0.55

B) The  negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in  the number of Commuters

Explanation:

Given data:

current fare (P0) = $4

hiked fare (P1)  = $6

change in fare = $2

number of rides before increase ( Q0 ) = 10000

number of rides after increase ( Q1 ) = 8000

change in rides = 2000

A) The estimated elasticity of demand for MRT rides using the midpoint /ARC method

Mid point method = [ ( Q1 - Q0 ) / ( Q1 + Q0 ) ] / [ (P1 - P0 ) / (P1 + P0 ) ]

                              = [ - 2000 / 18000 ]  / [ 2 / 10 ]

                              = - 1000 / 1800 =  - 5 / 9 ( estimated elasticity )

= - 0.55

B) The  negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in Commuters

4 0
2 years ago
A company has the following three events in December: 1. December 1 - Pay last month's rent (November), $500. 2. December 15 - P
bearhunter [10]

Answer:

A transformation T: (x, y)  (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point.

(-1, 2)

(1, 2)

(7, 4)

Explanation:

A transformation T: (x, y)  (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point.

(-1, 2)

(1, 2)

(7, 4)

6 0
2 years ago
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