The Popularity of Digital Cameras Has Enticed Large Discount Stores

question 146

Multiple Choice

The popularity of digital cameras has enticed large discount stores like Wal-Mart and Costco to offer digital photo printing services.How does this affect the digital photo printing market?

• A)The demand curve for digital photo printing services shifts to the right.
• B)The demand curve for digital photo printing services shifts to the left.
• C)The supply curve for digital photo printing services shifts to the right.
• D)The supply curve for digital photo printing services shifts to the left.

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Definitions:

Direct Labor Budget

A financial plan that estimates the cost of direct labor needed to meet production needs within a specific timeframe.

Direct Labor-Hour

A measure of the amount of time workers spend directly working on manufacturing a product or providing a service.

Labor Rate

The cost per hour that a company pays for labor, often used in calculating the total labor cost of a project or production.

Selling and Administrative Expense Budget

outlines predicted selling expenses and administrative costs for a future period.