If the tax system in the US is progressive, then those with lower income will pay proportionally less than those with higher income as the latter will have a higher tax rate but in fact the rich people usually have or find a lot of tax loopholes to reduce their taxes so may still not be paying a fair share of their taxes compared to the poor people who don't have these loopholes.
Answer and Explanation:
The categorization is as follows:
For Poor Mission Statements:
1. Lists all or all kinds of the products the organization sells
2. is product-oriented
3. is very broad or wide
4. is less or lower than seven words
For Good Mission Statements:
1. Addresses customers the organization serves
2. Is meaningful and relevant
3. Is specific and determined
4. Describes the business the organization is in
5. is market-oriented
6. States what the organization wants to accomplish or achieve
Answer:
Explanation:
Part One: Demand falls/ declines once the price of movie ticket increases.
Part Two: Demand declines also when the price of the local Internet Service provider increases.
Part Three: Demand declines when the price of cappuccino increases
By offering affordable yet high quality cars to its customers, Hyundai is engaging in the positioning approach of <u>a. </u><u>positioning </u><u>based on </u><u>value</u><u>.</u>
When a company uses the value positioning approach, they:
- Offer high quality products and services
- Try to capture the loyalty of their customers by offering a better product than others
Hyundai is offering cars that are of a high quality with extended warranties and on top of that, offer impeccable service as well. They are therefore offering their clients, high quality products and services.
We can therefore conclude that Hyundai is using the value based positioning approach.
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Options for this question include:
a. positioning based on value
b. positioning based on symbolism
c. positioning against a specific competitor
d. positioning using perceptual mapping
Answer:
Statement of cost of goods manufactured
Work in process inventory, July 1 $316,400
Add: Cost of direct materials used in production $1,150,000
Direct labor $966,000
Total factory overhead <u>$490,500</u>
Total manufacturing cost incurred <u>$2,606,500</u>
Total manufacturing costs $2,922,900
Less: Work in process inventory, July 31 <u>$355,500</u>
Cost of goods manufactured <u>$2,567,400</u>