The Market Size, Market Share and Product Mix Variances Are

question 2

Multiple Choice

The market size, market share and product mix variances are components of the:

• A) sales volume variance
• B) sales price variance
• C) production volume variance
• D) a and b

---

Definitions:

Very Inelastic

Describes a situation where demand or supply hardly changes in response to changes in price.

Tax

A required financial imposition or alternative type of duty enforced on a taxpayer by a governing body to support government funding and assorted public expenses.

Tax

An obligatory monetary contribution or another kind of charge levied on a taxpayer by a government authority for the purpose of funding government operations and diverse public costs.

Higher Prices

A situation in which the cost of goods or services increases, often due to factors such as increased demand or higher production costs.