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Q: A designed change that increases the usefulness of the product?
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Explain how a change in price affects the demand for a product substitutes?

The change in price can affect the demand for that product. If the price increases people will look for cheaper substitutes.


What is the difference between variable cost and stepped cost?

Step Cost remains fixed for certain range of expense and then increases while variable cost change with change in every unit of product.


What is the difference between elasticity and inelasticity of demand?

Inelasticity is a good that you will buy nomatter the price change. Elasticity is when the price of a product increases demand for the product will decrease.


TQM is a strategy that is designed to change the quality of a product to satisfy customer needs by u?

bench marking


Why does marginal cost rise as production increases?

Marginal cost is equal to the ratio of change in total cost or total variable cost to change in quantity of output. Marginal cost increases as total product increases since it reflects the law of diminishing marginal returns.


Why does the frequency of a wave decrease as the wavelengths increases?

Because their product is always the same number ... the speed of the wave. The only way for their product to remain constant is if they change in opposite directions.


What increases when current increases?

If current increases, then voltage also has to increase, assuming that resistance stay relatively the same. Power will also increase. Since power is the product of voltage and current, then the power increase would be the square of the voltage or current change.


How advertisement can change consumers attitude?

This can totally change someone's attitude from not liking a product to wanting to but it. It can also work in the reverse and make them not want to buy anything. Most of the time the change is positive which is what it is designed for.


How many disposable diapers are used each day?

There is no any rule book for diaper usage. You may need to use a specifically designed product for day time and a more absorbent product for night time. During the day, we need to change the more frequently and need a less absorbent product designed for day time.


A change in inventory reporting from lifo to fifo is?

Allowed if it improves the usefulness of information in the financial statements


Why does the marginal product of labor eventually diminish?

Marginal product eventually diminishes because the cost of doing business increases with production. The company would need to make a change in the organization so that they can shift their production possibilities.


What increases as force increases?

F=ma, or force equals the product of mass and acceleration. Assuming that the mass of the object does not change, then acceleration increases as force increases.