Social marginal cost (SMC) is determined by the additional cost associated with producing one additional unit of a good or service. This cost is calculated by taking the change in total cost divided by the change in output.
The social marginal cost (SMC) is determined by adding the private marginal cost and the external marginal cost. It is the cost to society of producing an additional unit of a good or service. The equation for determining SMC is:
Where PMC is the private marginal cost and EMC is the external marginal cost.
The private marginal cost is the cost to the producer of producing an additional unit of a good or service. It includes the cost of inputs, such as labor and materials, and the cost of any additional capital that may be required.
The external marginal cost is the cost to society of producing an additional unit of a good or service. It includes the cost of any negative externalities, such as pollution or congestion, that are created as a result of producing the good or service.
By adding the private marginal cost and the external marginal cost, we can determine the social marginal cost, which reflects the true cost of producing an additional unit of a good or service to society as a whole.
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why did net income grow more than sales? which answer is incorrect? group of answer choices one reason is that there was no increase in depreciation and amortization
The concept is Net Income. It's the quantum an individual or business makes after abating costs, allowances and levies.
Net income grow further than deals due to increase in payroll and advertising costs. Since a significant portion of the charges your business must pay are fixed, an increase in deals should produce a larger chance gain in net income compared to the chance increase in deals.
Net income is lower than profit because profit is the top line item from which charges are subtracted. still, in rare cases, net income can be advanced than profit if extraordinary, or one- time, particulars are included in a period.05
Net profit periphery( also called the return on deals rate) is a extensively used profitability index that gauges your company's fiscal health. It's the chance of deals profit you have left after abating operating charges, deprecation, amortization, interest, and income levies.
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How should the entries to a schedule of accounts payable be ordered?
OA. by date received
B. alphabetically by vendor name
C. by amount due from most to least
OD. by date due
Answer:
D. by date due
Explanation:
The entries to a schedule of accounts payable should be ordered by "date due" (Option D). This means that the accounts payable should be listed in the order of the due dates, with the earliest due date appearing first and the latest due date appearing last. This makes it easier for the person responsible for paying the bills to prioritize which bills to pay first and to ensure that bills are not missed or paid late due to disorganization.
Answer: by date received!
if the economy were in a recession, what effect is it likely to have? if the economy were in a recession, what effect is it likely to have? an increase in demand for non-durable products demand (especially) for durable goods is lower consumers become less price sensitive marketers increase supply to lower prices
Unemployment. A surge in cyclical unemployment is a recession's largest challenge. Businesses produce less, they need fewer workers, which raises unemployment.
What are the economic effects of the recession?In a recession, both large and small businesses see a fall in sales and profits. They might reduce spending on marketing, research, and capital expenditures as part of their cost-cutting measures. Recessions may restrict access to financing, hinder collections, and encourage corporate bankruptcy.
Recovery from the Great Recession was slow and uneven in all of the affected nations, and it was anticipated that the longer-term social effects of the downturn, such as lower fertility rates, historically high levels of student debt, and fewer job opportunities for young adults in the United States, would persist for many years.
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ben oversees the delivery process at a local store. after going through the week's delivery schedule, he calls his team and assigns territories for each individual. he contacts the supervisor to arrange the necessary transport. which activity of the value chain is ben executing?
When Ben oversees the delivery process at a local store. The activity of outbound logistics of the value chain is Ben executing.
The demand side of the supply-demand kind of relationship is the main focus of outbound logistics. The procedure entails the storage and delivery of commodities to the consumer or final user. Order fulfilment, packing, shipping, delivery, and customer assistance connected to delivery are among the phases. Warehouse & Storage Management: To satisfy demand, a business keeps a specific amount of inventory on hand. Outbound logistics procedures organise and safely store these commodities in the appropriate settings. In warehouse management, inbound and outbound logistics are combined. However, the logistics for outbound shipment of final goods. Inbound logistics focuses on product acquisition for businesses that sell finished goods they get from suppliers, and outbound logistics completes orders sent directly to clients and delivers the goods to retail locations.
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the journal entry to transfer completed products from production to finished goods inventory includes which two of the following? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) check all that apply debit to finished goods inventoryunanswered credit to work in process inventoryunanswered credit to finished goods inventoryunanswered debit to work in process inventoryunanswered debit to raw materials inventoryunanswered credit to raw materials inventoryunanswered
The journal entry to transfer completed products from production to finished goods inventory includes the following two:
Debit to finished goods inventory
Credit to work in process inventory
In an organization's accounting system, a journal entry serves as a record of a financial transaction. It is used to record how money or resources are put into and taken out of particular accounts in the general ledger of the business. Each journal entry is typically recorded in chronological order and contains at least two accounts, as well as an amount for each account.
A crucial component of the double-entry accounting system, which mandates that each financial transaction be recorded twice—once as a debit and once as a credit—is journal entries. By doing this, it is made sure that the accounting formula, Assets = Liabilities + Equity, is always in balance.
The journal entry acts as the initial record of a transaction and forms the foundation for all ensuing financial reporting, including financial statements like
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Match the following terms to the appropriate definition.[1] When a consumer strives for greatest satisfaction or value from the bundle purchased using the least amount of budgeted money.[2] A process that firms use to determine the most output given price levels that will yield the most return after production costs and the total cost outlay are taken into account.[3] The additional benefit gained from the consumption of the next unit for the individual.[4] The additional expense of producing the next unit for the firm.
The following definitions are accounting terms for a system of control and registration of expenses and income and other economic operations that are carried out in a business, company or entity.
The proper definition for each term are as follows:
1.Cost-benefit analysis - A process that firms use to determine the most output given price levels that will yield the most return after production costs and the total cost outlay are taken into account.
2. Utility maximization - When a consumer strives for greatest satisfaction or value from the bundle purchased using the least amount of budgeted money.
3. Marginal benefit - The additional benefit gained from the consumption of the next unit for the individual.
4. Marginal cost - The additional expense of producing the next unit for the firm.
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during the year, vest co. incurred the following costs: testing in search for process alternatives $280,000 routine design of tools, jigs, molds, and dies 250,000 modification of the formulation of a process 410,000 research and development services performed by acme corp. for vest 325,000 in vest's income statement, research and development expense should be
Design of new technology-related tools, jigs, moulds, and dies—$250,000—Yes — ASC 730 specifies that development costs are those expended to convert research findings into plans or designs. $250,000
R&D includes changes to processes that are made to make them better. Modification of the formulation of a process - 320,000 - Yes
$320,000
200,000 - No Troubleshooting in relation to problems during commercial production
Research and development are not involved in troubleshooting that takes place during typical, commercial production to fix an already-existing, common issue.
0
adaptation of an existing capability to meet the needs of a specific customer as part of ongoing commercial activity
220,000- No- It does not include research and development when current capabilities are modified as part of ongoing commercial activities.
0
$570,000 was spent on research and development overall.
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many leadership training and development programs throughout the u.s. rely on which approach to leadership?
The behavioral approach emphasizes the conduct and conduct of leaders.
What comprises the behavioral leadership approach?
The behavioral leadership hypothesis contends that a leader's performance is influenced more by their actions than by their innate abilities. The behavioral leadership theory states that a leader's reactions to a certain event should be watched and assessed.
Which are the top three leadership training course subcategories?
Coaching, mentoring, or action learning are three examples of programs that use various techniques to frame challenging situations within their organizational context. They thus enable leaders to collaboratively consider all of their available options for fixing problems.
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employers must know and act in accordance with the legal rights of their employees or risk costly
Employers must be aware of their employees' legal rights and follow them or risk expensive legal disputes. All facets of human life are impacted by law.
What names are given to employees?
Some companies want to use a different term than "workers" to describe their employees. They call them "team members," "associates," or other friendlier and more original terms. An employee is a person who receives compensation for working for another person or company. To be considered an employee, a person simply needs to be paid by their company; they are not required to put in full-time hours (the person or business that pays them).
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the responsibilities and tasks of managers have changed substantially in recent years due to changes in .multiple choice question.political pressures and regulationsglobal competition and advances in technologythe numbers of undergraduate and graduate level management programslocal competition and energy technology
b) The duties and demands of managers have evolved significantly in recent years as a result of changes in information technology and global competition.
Information technology: What is it?Information technology (IT) is the use of computers, storage, networking, and other physical equipment, processes, and infrastructure to create, process, store, and exchange all types of electronic data. IT is frequently employed in the context of commercial operations as opposed to the technology utilized for personal or recreational use.
Computer and telecommunications technologies are both a part of IT used for business. The phrase "information technology" was first used by the Harvard Business Review to distinguish between general-purpose computing devices that could be programmed for a variety of jobs and machines constructed specifically to accomplish a narrow range of tasks.
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In terms of opportunity, blacks in the united states today are:__________
Answer: not equal in terms of opportunities for better life for their children
Explanation:
In terms of opportunity, blacks in the united states today are: both opportunities there have been significant strides towards racial equality and justice in recent decades, including legal protections against discrimination, increased representation in government and other institutions.
What is government?A government is the system of politics for running the nation. There are different forms of government like democracy, aristocracy, monarchy, and oligarchy.
A government makes rules and order for running the nation, state, or any political unit. A government makes defense laws, foreign policy, budget and sources of revenue and expenditure for a nation.
There are opportunities for black Americans to achieve success and advancement in various fields, like access to education, government representation and employment opportunities.
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There are opportunities for black Americans to achieve success and advancement in various fields, like access to education and employment opportunities.
if the demand for a product increases proportionately faster than the increase in consumers' incomes, then the income elasticity of demand for the product is
The product's income elasticity of demand is greater than zero. Their income elasticity of demand will undoubtedly be positive, and the product will be categorized as a normal good.
What is elasticity of income?The ratio of the percentage change in the consumer's demand for quantity to the percentage change in income is commonly referred to as income elasticity of demand. The goods can be categorized as normal goods if it is greater than zero or positive. And if it is less than zero or negative, the item is considered to be of lower quality. As a result, the question makes it abundantly clear that a product's demand rises faster than consumer income.
As a result, their income elasticity of demand will undoubtedly be positive, and the product will be categorized as a normal good. The response is higher than zero.
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after completing chapter practice - step 21, after you change the format to accounting and zero decimal places, what does the format name change to?
After completing chapter practice - step 21, when you change the format of a cell or a range of cells to Accounting with zero decimal places, the format name changes to "Accounting".
The Accounting format is one of the built-in number formats in Microsoft Excel, and it is commonly used to display financial data such as sales, revenue, expenses, and profits.
This format adds a currency symbol to the left of the number, which can be customized to match the currency of your choice, such as the dollar sign ($), euro symbol (€), or pound sign (£). It also adds commas to separate the thousands, making it easier to read and compare large numbers.
The zero decimal places option removes any decimal places from the numbers in the selected cells, which is useful when you don't need to display any fractions of a number, such as in a financial report where all the values are in whole numbers. By using this format, you can make your data more presentable and easier to read, while also conveying a professional look to your reports.
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QuestionWhen economists say the demand for a product has increase, they mean that the ___________________.Ademand curve for the product has shifted to the leftBprice of the product has fallen, and consequently consumers are buying more of the productCcost of producing the product has consequently consumers are buying more of the productDamount of the product that consumers are willing to purchase at various prices has increasedMedium
The correct option is option D - consumers are willing to purchase at various prices has increased.
When economists say the demand for a product has increased, they mean that the amount of the product that consumers are willing to purchase at various prices has increased.
This indicates that the product's demand curve has shifted to the right, indicating that buyers are now willing and able to buy more of the product at each price point. The price of the product does not have to alter in order for demand to rise, while in some circumstances, a lower price may encourage more consumers to buy the product.
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The following question may be like this:
When economists say the demand for a product has increase, they mean that the _______.
A demand curve for the product has shifted to the left
B price of the product has fallen, and consequently consumers are buying more of the product
C cost of producing the product has consequently consumers are buying more of the product
D amount of the product that consumers are willing to purchase at various prices has increased
the leader of the band of several hundred unemployed men who marched on washington in may 1894 to demand economic relief was question 11 options: george pullman. richard olney. jacob coxey. eugene v. debs.
The leader of the band of several hundred unemployed men who marched on. Washington in May 1894 to demand economic relief was: a. George Pullman.
How did the Pullman strike turn out?Debs believed that organizing a nationwide strike would be the only way to push the Pullman Company into arbitration because the government was acting in the General Managers' Association's favor. However, his efforts were unsuccessful. Midway through July, the boycott ended, and the ARU was defeated.
The Pullman Company won the strike after a federal judge issued an injunction against the Union boycott. When President Cleveland sent federal troops to Chicago to protect strikebreakers operating trains, he effectively put an end to the strikers' actions.
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in preparing its adjusting entries at the end of this year, northern exposure company neglected to accrue commissions earned but not yet received or recorded. this error: question 16 options: a) understates this year's net income and overstates both assets and retained earnings at year-end b) understates this year's net income and understates both assets and retained earnings at year-end c) overstates this year's net income and understates both assets and retained earnings at year-end d) overstates this year's net income and overstates both assets and retained earnings at year-end
Northern exposure company neglected to accrue commissions earned but not yet received or recorded. this error: b) understates this year's net income and understates both assets and retained earnings at year-end.
Employees, outside sales-people, and other entities can all earn commissions. According to the accrual basis of accounting, you must record an expense and an offset liability for a commission in the same period that you record the sale that the salesperson was responsible for producing, as well as when you are able to determine the commission's amount.
The majority of businesses multiply net sales by a commission rate to determine actual commission costs. Unearned income is commission that is received in advance. Unearned income is money that was received but wasn't earned. This will appear as a liability on the balance sheet up until it starts to accrue.
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if you work for a company that expects you to deceive customers about the quality of your product, you should:
Option C is correct. If you work for a company that expects you to deceive customers (Deception) about the quality of your product, you should: leave the organization.
Deception or deceiving is a demonstration or proclamation that deludes, conceals reality, or advances a conviction, idea, or thought that isn't correct. It is much of the time accomplished for individual increase or benefit. Misdirection can include dissimulation, promulgation and skillful deception along with interruption, disguise or camouflage. There is additionally self-misdirection, as in dishonesty. It can likewise be called, with differing emotional ramifications, beguilement, misleading, feign, perplexity, trick, or deception.
Misdirection is a significant social offence that frequently prompts sensations of double-crossing and doubt between social accomplices. Trickery disregards social guidelines and is viewed as a negative infringement of assumptions. A great many people anticipate companions, social accomplices, and even aliens to be honest more often than not. Assuming individuals anticipated that most discussions should be untruthful, talking and speaking with others would require interruption and confusion to get solid data. A lot of duplicities happens between a few heartfelt and social accomplices.
Misdirection and deceptive nature can likewise frame justification for the common cases in misdeed, or agreement regulation (where it is known as distortion or deceitful deception if conscious), or lead to criminal arraignment for extortion. It likewise frames an essential piece of mental fighting trying to claim ignorance and misdirection
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Complete Question -
If you work for a company that expects you to deceive customers about the quality of your product, you should:
a. go along with the practice because it's in the company's best interests.
b. follow the expected practice unless it's illegal.
c. leave the organization.
d. tell your customers what the company is doing.
the set of budgeted financial statements and supporting schedules for the entire organization is called the .
Relationships between businesses and among nations are called: ________
Relationships between the businesses and among nations are called international relations.
What are international relations?International relations refers to the study of interactions among states, international organizations, non-state actors, and individuals in the global political system. It is a multidisciplinary field that draws on politics, economics, history, law, and sociology to explain and analyze global events and trends. The main areas of focus in international relations include foreign policy, international security, international law and organizations, globalization, and global governance. The study of international relations involves analyzing the behavior of states and other actors in the international system, and exploring how these behaviors are influenced by factors such as power, ideology, culture, and identity. Overall, international relations seeks to provide a better understanding of how the world works, and how to address global challenges and opportunities.
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one safe investment pays 10% per year, and a more risky investment pays 18% per year. a woman who has $138,400 to invest would like to have an income of $18,720 per year from her investments. how much should she invest at each rate?
The riskiest investments are those made in cryptocurrency, individual stocks, small enterprises, peer-to-peer lending, hedge funds, and private equity funds.
High risk, high volatility investments have the potential to produce enormous gains or enormous losses. There is no surefire technique to ensure an stocks return of 10%. Yet, you can make investments in mutual funds or equities that might yield a better return.
While making stock market investments, keep in mind that there is always a risk involved. Risk Types are many categories into which hazards can be divided. Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are a few categories that are frequently utilised.
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the shrieves corporation has $20,000 that it plans to invest in marketable securities. it is choosing among at
The after-tax rates of return for the three securities are:
AT&T bonds: 5.25%State of Florida muni bonds: 6%AT&T preferred stock: 3.74%To calculate the after-tax rate of return for each security, we need to take into account the tax implications of each investment.
AT&T bonds:The before-tax rate of return on AT&T bonds is 8.75%. Since interest income is taxable, we need to calculate the after-tax rate of return by multiplying the before-tax return by (1 - corporate tax rate):
After-tax return = 8.75% x (1 - 0.4) = 5.25%
Therefore, the after-tax rate of return on AT&T bonds is 5.25%.
State of Florida muni bonds:The before-tax rate of return on the state of Florida muni bonds is 6%, but they are not taxable. Therefore, the after-tax rate of return is simply the before-tax return:
After-tax return = 6%
Therefore, the after-tax rate of return on state of Florida muni bonds is 6%.
AT&T preferred stock:The dividend yield on AT&T's preferred stock is 7.25%. Since dividends are taxed at a lower rate than interest income, we need to calculate the after-tax rate of return by multiplying the before-tax return by (1 - corporate tax rate) and then adjusting for the tax-exempt portion of the dividends:
After-tax return = 7.25% x (1 - 0.4) x (1 - 0.7) + 7.25% x 0.7 = 3.74%
Therefore, the after-tax rate of return on AT&T preferred stock is 3.74%.
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Complete Question -
The Shrieves Corporation has $20,000 that it plans to invest in marketable securities. It is choosing among AT&T bonds, which yield 8.75%, state of Florida muni bonds, which yield 6% (but are not taxable), and AT&T preferred stock, with a dividend yield of 7.25%. Shrieves's corporate tax rate is 40%, and 70% of the dividends received are tax exempt. Find the after-tax rates of return on all three securities. Round your answers to two decimal places.
choose the answer. a corporation issued 1000 shares of $100 preferred stock for $90. what was the amount of the discount?
A corporation does not provide bond certificates to its owners, but the rest of the following are accurate.
What does "corporation" refer to in a business context?A corporation is a business entity whose shareholders elect a single board of directors to run its affairs. Operations and financial stability of the business are at the control of the corporation, not the shareholders.
What separates corporations from companies?
A firm is a person or group of persons who participate in profitable commercial business activity. Having no official recognition, regulations, or authorizations, the word "company" is a vernacular term. Despite the fact that not every business is a corporation, most are.
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The emergency banking act was passed to stabilize the u.s. banking system by.
The Emergency Banking Act was passed by the United States Congress in 1933 in response to the ongoing banking crisis during the Great Depression.
Its main goal was to stabilize the country's banking system by restoring public confidence in banks and preventing mass bank runs.
The act was introduced by President Franklin D. Roosevelt and was passed just days after his inauguration. It authorized the president to declare a national bank holiday, which temporarily closed all banks in the country and allowed the government to inspect and evaluate their financial health.
During this period of closure, the government worked with banks to identify those that were stable and to provide financial support to those that were struggling. The act also provided for the reopening of sound banks as soon as possible, under strict regulations and government supervision.
Overall, the Emergency Banking Act helped to restore confidence in the banking system and was one of several measures taken by the Roosevelt administration to address the economic crisis of the Great Depression.
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Suppose initially that the United States is consuming 18 boots and 2 shirts and Canada is consuming 4 boots and 12 shirts, as indicated in the figure. ​ Then, suppose the United States and Canada specialize by each only producing the good for which they have a comparative advantage and then trade. In​ particular, suppose the United States trades Canada half of its production for half of what Canada produces.
The United States will have ___ additional​ shirt(s) after the trade ​(enter a numeric response using an​ integer) and __ additional​ boot(s). At the same​ time, Canada will be able to consume ___ additional​ shirt(s) as a result of the trade and ___ additional​ boot(s.
The US will consume 12 shirts with trade. (4+8=12 and 12-2=10) The US will have 10 additional shirts. The US will consume 18 boots with trade. 18-18=0 0 additional boots.
What is trade?Trade is a term used to describe economic activities. Trade is the term used to describe the purchasing and selling of goods and services. Trade can take many various forms, including both domestic and international trade.
According to the trade-off between how much consumption it was in the upcoming period is the in light of the fact that an enlargement in utilisation later on households should save, accordingly giving assets to undertaking. A US will consume 12 shirts.
As a result, the significance of the trade are the aforementioned.
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the high temperature (in degrees fahrenheit) for each of the past 5 days was 81, 82, 83, 84, and 85, respectively. if someone is using the naive method of forecasting, what will he predict today s high temperature to be?
86 degrees Fahrenheit, the high temperature (in degrees fahrenheit) for each of the past 5 days.
To learn more, use our Fahrenheit to Celsius converter. The conversion from Fahrenheit to Celsius is [°F] = ([°C]-32) 59. [°F] = (86-32) 59 = 30 is the final formula for converting 86 degrees Fahrenheit to degrees Celsius. While being widely used in the US, the Fahrenheit scale has a fascinating history and a variety of adoption scenarios around the world. The distance between the boiling (212°) and freezing points of water is 1180 degrees on the Fahrenheit temperature scale. The Swedish astronomer Anders Celsius is credited with creating the first centigrade scale, which consists of 100 degrees, in 1742. Celsius calculated boiling at 0°.
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a paragraph that appears at the bottom of a news release that summarizes information about the organization sending the release is termed
A paragraph that appears at the bottom of a news release that summarizes information about the organization sending the release is termed a boilerplate.
In economics, a boilerplate refers to a standardized language or text that is commonly used in legal or contractual agreements, financial reports, or other similar documents. Boilerplate provisions are typically used to ensure consistency, clarity, and reliability of information across different contexts or entities. Some examples of boilerplate clauses in economics include force majeure clauses, indemnity clauses, confidentiality provisions, and representations and warranties.
Boilerplate language can help reduce transaction costs, improve contract enforceability, and provide a common framework for negotiations and disputes. However, boilerplate clauses can also pose risks of ambiguity, complexity, and inconsistency, especially when they are not tailored to the specific circumstances or risks of a particular transaction or agreement. Therefore, careful drafting and customization of boilerplate provisions are important for achieving effective economic outcomes and minimizing legal risks.
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Five Guys understands the importance of market segmentation as evidenced by its marketing strategies, which are designed specifically to appeal to its market segment. It develops promotional campaigns and advertisements that focus on fresh, high-quality products rather than on lowering prices or offering quicker service.
True or false?
Which are designed specifically to appeal to its market segment. It develops promotional campaigns and advertisements that focus on fresh, high-quality products rather than on lowering prices or offering quicker service. This is a true statement.
What exactly does "market segment" mean?A marketing tactic called market segmentation breaks down the total addressable market share of a brand into more manageable chunks using clearly established criteria. Each segment or group has shared qualities that give the brand the ability to develop specialized and targeted goods, services, and experiences.
What attributes endow a market sector with allure?In addition to the market segment's growth rate, they consider the prospective profitability (is there a chance for a bigger profit margin?). When a segment's offering appears novel to clients and has lots of potential for growth, the market is attractive.
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true or false: when calculating the monthly payment for a car loan, the value of p includes the down payment
False, when calculating the monthly payment for a car loan, the value of p does not include the down payment.
Down payment( also called a deposit in British English), is an original over- frontal partial payment for the purchase of precious particulars services similar as a auto or a house. It's generally paid in cash or fellow at the time of finishing the sale. A loan of some kind is also needed to finance the remainder of the payment.
The main purposes of a down payment is to insure that the lending institution has enough capital to produce plutocrat for a loan in fractional reserve banking systems and to recover some of the balance due on the loan in the event that the borrower defaults.
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a company deposits $35,000 each year (beginning one year from today) into a fund that can earn 5.20%. what will be the value of the fund seven years from today?
The value of the fund seven years from today will be $264,948.31.
Worth of money through time. PV is a crucial component of the time value of money, which is the foundation of finance, along with FV, I/Y, N, and PMT. Without PV, there cannot be mortgages, vehicle loans, or credit cards. Instead, feel free to visit our Future Value page to learn more or perform calculations. As you can see in this illustration, comparing historical mutual fund NAV can show you that the performance of the XYZ fund was not great in 2016 but improved after that. The mutual fund 5-year return as of the end of 2019 can be computed by dividing the total number of years by the sum of the starting and ending NAV.
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amazon has developed strategies for their distribution warehouses that minimizes the amount of inventory held at each location and maximizes the amount of inventory turnover. through these strategies, they are utilizing:
The correct answer is mass customization.A low turnover rate could be a sign of excessive inventory turnover, product obsolescence, line defects, or inefficient marketing.
However, there are other situations where a low rate would be preferred, including when stockpiles are increased in expectation of significant price hikes or impending shortages in the market. The inventory turnover ratio also shows that each unit's cost of warehousing will increase if inventory moves slowly. Conversely, a high inventory turnover rate can indicate low inventory levels, which might lead to a drop in sales. Supply shortages could result often from this.Some compilers of industry data may substitute sales as the numerator instead of cost of sales (like Dun & Bradstreet). Sales price
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