A Vancouver-Based Packaging Company Has Created a Package Made from a Renewable

question 14

Multiple Choice

A Vancouver-based packaging company has created a package made from a renewable resource called palm fibre, which composts in less than 90 days and provides a healthy contribution to soil. In this way, they are able to reach those who are __________.

• A)making a routine purchase decision
• B)eco-conscious
• C)of various ethnic backgrounds
• D)wealthy

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Definitions:

Variable Costs

Variable costs are expenses that change in proportion with the level of output or activity in a business.

Fixed Selling Expenses

Costs that do not fluctuate with sales volume, such as salaries of sales staff and advertising expenses.

Flexible Budget Graph

A visual representation that shows different levels of revenue and expenses based on varying levels of activity.

Direct Labor Hours

The total time workers spend creating a product or providing a service, directly contributing to the finished goods.