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When Procter & Gamble bought the Old Spice brand in 1990,it planned to transform the old,stagnating brand into a men's "personal-care powerhouse." The ads that P&G developed shed the older-man image and now appeal to the 18-to-34 age group.In terms of the communication process,P&G had to __________ its idea to create the message shown to the new target market.
Fixed Expenses
Costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.
Variable Costing
An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.
Fixed Manufacturing Overhead
is the sum of all the production costs that do not change with the level of output, including costs like factory rent, salaries of permanent employees, and depreciation of factory equipment.
Direct Labour
Labor of employees engaged directly in the manufacturing process or production work, essential for creating the product.
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