Break even point bep - Study guides, Class notes & Summaries

Services - Answer-the intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value 4 I's of Services - Answer-Four unique elements to services: intangibility, inconsistency, inseparability, and inventory 7 P's of Services Marketing - Answer-Expanded marketing mix concept. Includes original 4 P's (product, price, promotion, place/distribution) as well as people, physical environment, and process. ...

CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers Fixed Cost (FC) Costs that remain the same irrespective of business activity or volume Variable Cost (VC) Costs that vary with the level of output Market Factors Objectives Drivers Governance Ownership Commodity or Non-Commodity Break-Even Point (BEP) When total costs are equivalent to sales revenue (after this, it is profit) Solving a Problem SCAMPER Substitute Combine Adapt Modify Put to other uses E...

CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers Fixed Cost (FC) Costs that remain the same irrespective of business activity or volume Variable Cost (VC) Costs that vary with the level of output Market Factors Objectives Drivers Governance Ownership Commodity or Non-Commodity Break-Even Point (BEP) When total costs are equivalent to sales revenue (after this, it is profit) Solving a Problem SCAMPER Substitute Combine Adapt Modify Put to other uses E...

a Which of the following is not a pricing constraint? a. social responsibility impact the product has on society b. competitors' prices c. newness of the product or stage in its product life cycle d. cost of changing prices and the time period they apply e. single versus a product line a All of the following are examples of a price except a. a tax. b. a salary. c. a fare. d. wages. e. dues. Brainpower Read More Previous Play Next Rewind 10 seconds Mov...

WGU C253 Managerial Accounting, Exam Review Questions. Latest update, VERIFIED. Pre-determined overhead rate formula - -projected overhead costs / expected activity base applied overhead formula - -pre-determined overhead rate x actual units of allocation based (such as direct labor hours) Under/over applied overhead rate = - -actual MOH - applied MOH Job cost = - -Direct materials + direct labor + applied MOH + (beg wip - ending wip) Cost of good sold = - -cost of goods manufactured ...

Chapter 2 – Developing a Business Plan: Cost–Volume–Profit Analysis COMPLETION 1. Instead of rushing into a business right away, it is wise to develop a ____________________. ANS: businessplan PTS: 1 DIF: Easy TOP: Planning in a new business 2. A ____________________ describes a business’ goals and its plans for achieving those goals. ANS: businessplan PTS: 1 DIF: Easy TOP: Planning in a new business 3. ____________________ refers to the uncertainty about the future operations of ...

BUSM 2024 Final Exam Questions and Answers 100% Verified Product Life Cycle the stages a new product goes through in the marketplace: introduction, growth, maturity, and decline What product had a long introductory period? Electric Cars Best Small School Prospects in the 2022 NFL Draft Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:46 / 0:47 Full screen What car company plans to be all electric or hybrid by 2019? Volvo Long run profits...

CSAF Questions and Answers 2023 Why is Cost Accounting Important? Because reimbursement is predetermined, management must focus primarily on finding way to manage costs, so cost accounting is critical. Cost information is useful to a variety of key decision-makers in a healthcare organization. Incremental or Marginal Cost This is when costing decisions are being made with the understanding that there is a difference in cost at two different activity or volume levels. Contributio...

WGU C201 Business Acumen Chapter 11, 12, 13: Marketing Already Passed Marketing The process for discovering unmet customer needs, researching potential markets, producing goods or services to satisfy targeted customers, promoting, pricing, and distributing. The organizational function and set of processes for creating, communicating and delivering value to customers, managing customer relations, advocates ideas or viewpoints and educating others. How does marketing create utility? Creates time,...

1. Which budget should include all production costs other than those for direct materials and direct labor? A.Sales budget B.Direct materials budget C.Manufacturing overhead budget D. Production budget - answer-c 2. Which account is a common asset account? A.Accounts payables B.Equity C.Accounts receivable D. Utilities Expense - answer-c 3 .On which financial statement would you see the valuation of a company's asset accounts? a.Statement of Cash Flows b.Balance Sheet c.Income ...