For Polaroid, the addition of the 3D pen to the U.S. market would be viewed as a <u>market development</u> strategy on product-market matrix.
<h3>What is a product-market matrix?</h3>
This refers to a business map that helps the Product Managers to map the strategic market growth of their products. This Matrix was named after Igor Ansoff, who was a a mathematician and business manager who published an essay outlining the matrix in the Harvard Business Review in 1957.
The 4 strategies of Ansoff Matrix (product-market matrix) includes:
- market penetration
- market development
- product development
- diversification.
In conclusion, the addition of the 3D pen to the U.S. market would be viewed as a market development strategy on product-market matrix.
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Answer:
Piper Rose Boutique should accept the special order made by the college
Explanation:
Price per unit the college is willing to pay = $6
Total variable cost per unit to be incurred by Piper Rose Boutique = Direct materials + Direct labor + Variable factory overhead = $2.00 + $0.50 + $1.50 = $4,00
Since the price per unit of $6 that the college is willing to pay is greater than the total variable cost per unit of $4 to be incurred by Piper Rose Boutique, Piper Rose Boutique should accept the special order made by the college.
Note: the Fixed factory overhead is not relevant in taking the decision. Only the variable costs are relevant.
Answer:
Particulars Standard Actual
Qty Rate Amount Qty Rate Amount
Materials 2,000 26 52,000 2,200 24 52,800
Labor 1,000 14 14,000 1,050 14.75 15,487.50
Actual output 10,000.00
Materials required (10000*0.20) = 2,000.00
Labor hrs required (10000*0.1) = 1,000.00
1. May's direct material price variance
= (SP-AP)*AQ
= (26 - 24*)2200
= 4,400 F
2. May's direct material quantity variance
= (SQ-AQ)*SP
= (2,000 - 2,200)*26
= 5,200 U
3. May's direct labor cost variance
= Standard Cost - Actual Cost
= 14,000 - 15,487.50
= 1,487.50 U
4. May's direct labor rate variance
= (SR-AR)*AH
= (14 - 14.75)*1,050
= 787.50 U
5. May's direct labor efficiency variance
= (SH-AH)*SR
= (1,000 - 1,050)*14
= 700 U
Answer:
The answer is easy and simple to understand.
First of all, it ill be generally good for your business, price levels of materials required and services will remain at a reasonable level so you can afford them.
Moreover, the cost of financing will be bearable and low. Since the interest rates are low, more money can be borrowed to expand your business venture.
Economic book means more employment opportunities, and as the supply of labor increases. the cost or the wage rate can remain at a reasonable and fair level for both the employers and employees.
The currency exchange rates will be stable and will not deviate heavily during the economic boom period, making importing and importing fairly easy for your business.
However, since the economy is rigorous and healthy, more entrepreneurs will enter the market and the competition will be sever.
Moreover, foreign investors and businesses with new technologies, products and practices may enter your market, making it a bit difficult for you.
Explanation:
A scatter plot is a type of graph in which use Cartesian coordinates to display values of typically two variable set of data and use it in the graph. It also reflect the relationship between two variables and how each other affects each other. And i think the best answer to your choices is letter C.
