Prestige pricing is a demand-oriented approach to selecting an approximate price level. It is a strategy used by companies to charge a higher price for their products or services to create a perception of quality and exclusivity in the minds of their target customers. The correct option is D.
Unlike other demand-oriented approaches like yield management, customary, and bundle pricing, prestige pricing focuses on positioning a brand as a high-end, luxury option. This strategy is often used by luxury brands, fashion labels, and high-end restaurants to appeal to a specific customer demographic that values quality, exclusivity, and status symbols.
Prestige pricing is effective when a brand has established itself as a leader in the market, and its customers are willing to pay a premium for its products or services. However, this strategy can be risky for companies that are new to the market or have not established a strong brand identity. It can also backfire if customers perceive the price as unreasonable or unjustified.
In summary, prestige pricing is a demand-oriented approach to pricing that is focused on creating a perception of exclusivity and luxury by charging a higher price than the market rate. It is a strategy that is best used by established brands with a strong brand identity and customer base that values exclusivity and status symbols. The correct option is D.
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In a monopolistically competitive market, a. the entry of new firms creates externalities. b. the absence of restrictions on entry by new firms ensures that there will be no deadweight loss. c. there are always too many firms in the market relative to the socially-optimal number of firms.
Better choose A variant
henry suspects that some of his employees have been stealing from his company. he purchases a commercial crime insurance policy, which will cover any losses that actually occur during the policy period. under which coverage form of commercial crime insurance is henry's company insured?
Loss-Sustained form of commercial crime insurance henry's company insured.
The required details about commercial crime insurance is mentioned in below paragraph.
Insurance against business-related crimes, such as employee theft, forgery, robbery, and technological crime, protects against monetary damages. It is a kind of business insurance that offers protection for the company under the following types of policy: Employee dishonesty in Form A may be written as scheduled insurance or on a blanket insurance basis and covers money, securities, and other properties.
What are the commercial crime policy's exclusions?
The following things are not covered by commercial crime insurance: theft, misdemeanors, or other wrongdoing by you or your company partners. Additionally, it excludes any activities taken by personnel who colluded with one of your partners.
Thus, Henry company is insured under Loss-Sustained form.
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Does anyone got an answer to this question?
1. Under what circumstances would an increase in a nation's average income not lead to an increase in the income of the typical, median household?
There is generally a direct correlation between income and demand for products and services; however, this relationship is not always present.
What do you mean by "products"?
A product is an item or service that you offer to meet a customer's need or desire. Real and virtual ones are both possible. Physical objects are classified into two types: nondurable products and durable items such as computers, furniture, and automobiles (like food and beverages).
Convenience goods, shopping goods, specialty products, and unsought goods are the four different sorts of products, and each is categorized according to consumer preferences, pricing, and product features. Byproducts include straw from grain harvesting operations, salt from desalination plants, sawdust from sawmills, and manure from feedlot operations.
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Explain the limitations of statistics
When designing in-store signage, the supermarket omar manages develops yellow signs and shelf tags with bold lettering to catch consumers’ attention. The use of visuals in this manner represents the ________blank component of the communication process.
The encoding part of the communication process is represented by the use of visuals.
Encoding – what is it?The main form of human communication is the encoding and decoding of messages. The encoder is the person who generates and sends the message. In order to ensure that the audience interprets the message as intended, the encoder must determine how the audience will interpret the message.
The process of translating concepts into language is called encoding. The encoder sends the message over a "medium" such as a phone call, email, text message, in-person meeting, or another form of communication.
Varying signals require different encoding degrees of conscious cognition. The encoder should take care of any "noise" that could hinder their messages, such as other messages, diversions, or influences.
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When calculating a loan effective interest rate, if the nominal rate is 8. 5%, what value of i do you plug into your equation? a. 8. 5 b. 0. 85 c. 0. 085 d. 1. 85 Please select the best answer from the choices provided A B C D.
The value I would plug into the equation is 0.085.
The effective interest rate is the interest rate a borrower actually pay on a loan. It is determined by restating the nominal interest rate.
The formula used in determining the effective interest rate is: (1 + n \()^{m}\) - 1
Where:
n = nominal interest rate
m = number of compounding
For example, if nominal interest rate is 8.5% and the number of compounding is 2, the effective interest rate is: (1.085)² - 1 = 17.72%
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Which error type would you now be most concerned with? Why?
In sewing, the most concerning error type would depend on the specific sewing project and the intended use of the final product.
What are common error types?Generally, however, some common error types that could cause the most concern include incorrect measurements, inaccurate cutting, improper seam allowance, thread tension issues, and sewing machine malfunctions. Each of these errors can affect the quality and durability of the final product, and may even render it unwearable or unusable.
Therefore, it is important to pay attention to all aspects of the sewing process to minimize the occurrence of errors and ensure the best possible outcome.
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The total cost (in dollars) for a company to manufacture and sell xx items per week is C=60x+60, whereas the revenue brought in by selling all x items is R=84x−0.3x2. How many items must be sold to obtain a weekly profit of $300?
To achieve a weekly profit of $300, the company must sell 60 items. This is determined by solving the profit equation, considering the cost and revenue functions provided in the problem statement.
To find the number of items that must be sold to obtain a weekly profit of $300, we need to calculate the profit function and then solve for the corresponding value of x.
The profit (P) is given by subtracting the cost (C) from the revenue (R)
P = R - C
Substituting the given expressions for revenue and cost
P = (84x - 0.3x²) - (60x + 60)
P = 84x - 0.3x² - 60x - 60
P = -0.3x² + 24x - 60
We want the profit to be $300, so we set P equal to 300:
-0.3x² + 24x - 60 = 300
Rearranging the equation and setting it equal to zero
-0.3x² + 24x - 360 = 0
Now, we can solve this quadratic equation using factoring, completing the square, or the quadratic formula. Let's use the quadratic formula:
x = (-b ± √(b² - 4ac)) / (2a)
For our equation, a = -0.3, b = 24, and c = -360. Plugging these values into the formula
x = (-(24) ± √((24)² - 4(-0.3)(-360))) / (2(-0.3))
Simplifying further
x = (-24 ± √(576 - 432)) / (-0.6)
x = (-24 ± √144) / (-0.6)
x = (-24 ± 12) / (-0.6)
This gives us two possible solutions
x = (-24 + 12) / (-0.6) = -12 / (-0.6) = 20
x = (-24 - 12) / (-0.6) = -36 / (-0.6) = 60
Since we are interested in the number of items sold, we take the positive value, x = 60.
Therefore, to obtain a weekly profit of $300, the company must sell 60 items.
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which of the following is an example of direct labor cost in a factory?
a. wages of a factory security guard
b. wages of a production manager
c. wages of an assembly line personnel
d. wages of a supervisor of the sales department
e. none of the above
(c.) wages of an assembly line personnel, An assembly line worker's pay are an example of a factory's direct labor costs. Direct and indirect labor cost categories are the two primary subcategories of labor costs.
The total of all employee salaries, employee benefits, and payroll taxes paid by a company is the labor cost. Direct and indirect (overhead) labor expenses are separated. While indirect costs are related to support labor, such as personnel who maintain industrial equipment, direct costs include pay for the employees who make a product, including those on an assembly line. Manufacturers factor in labor, material, and overhead expenses when determining the selling price of a product. If any expenses are excluded from the computation of the sales price, the amount of profit is less than anticipated. The sales price must reflect all costs spent.
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a (blank) is a rule or limit placed on the supply of a good or service by the government
A price ceiling is a rule or limit placed on the supply of a good or service by the government.
Why is there a price ceiling?A price ceiling is the imposed upper limit on what a seller may charge for a good or service. Price ceilings, which are normally established by law, are frequently applied to necessities like food and energy supplies when they become expensive for regular consumers.
A price cap is advantageous to whom?Benefits accrue to individuals who are able to buy the product for the lower price set by the price ceiling, but sellers of the goods and others who are unable to buy the commodity at all suffer.
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how many tines in earth does the sun intersect equartor
Answer:
два
Explanation:
Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.
Answer:
It occurs when outside activities interfere with one's responsibilities to an employer
Explanation:
Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.
This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.
It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.
The bank received and accepted a payment worth $7,200 from a customer on the company’s behalf. Which journal entry adjustment should the accountant make?
A.
Accounts receivable will be debited by $7,200.
B.
Accounts payable will be debited by $7,200.
C.
Accounts receivable will be credited by $7,200.
D.
Accounts payable will be credited by $7,200.
Answer:
C. Accounts receivable will be credited by $7,200
Explanation:
Accounts receivable are expected payments from customers. They exist because businesses sell goods and services to customers on credit. Account receivables are asset accounts. An increase in assets accounts is debited, and a decrease is credited.
If the banks received payment from a customer, it means a customer has paid for goods sold on credit. Accounts receivable have decreased ( to be credited), but cash in the bank has increased.
A contract is a voluntary exchange of promises, creating obligation, which, if defaulted on, can be enforced, and remedied by the courts. To qualify as a valid contract, the agreement must meet certain basic qualifications. Please select below that applies.
a. Consensus and consideration.
b. Capacity of the parties to a contract.
c. Legality of the object and intention.
d. All the above.
The correct option is d. All the above, which means that consensus, consideration, capacity of the parties, and legality of the object and intention are all necessary qualifications for a valid contract.
In order for an agreement to be considered a valid contract, it must fulfill certain requirements. Consensus refers to the mutual agreement of all parties involved, indicating their intention to be bound by the terms of the contract. Consideration is the exchange of something valuable, such as money or goods, which ensures that each party gains something of value from the contract.
The capacity of the parties refers to their legal ability to understand and enter into a contract, typically determined by factors such as age and mental competence. Finally, the object and intention of the contract must be legal and not contrary to public policy. All these qualifications are necessary to establish a valid and enforceable contract.
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in 2005, per capita real gross domestic product (gdp) in angola was $3,328.10. by 2006, it had increased to $4,034.31. at what rate did angola’s economy grow in that time?
The rate at which Angola’s economy grew in that time can be calculated using the following formula:
rate of change = (new value - old value) / old value.
The old value of per capita real gross domestic product (GDP) in Angola in 2005 was $3,328.
10 while the new value in 2006 was $4,034.31.
Using the formula above,
we can determine the rate of change as follows:
rate of change = ($4,034.31 - $3,328.10) / $3,328.10= $706.21 / $3,328.10= 0.212 or 21.2%Therefore, Angola’s economy grew at a rate of approximately 21.2% from 2005 to 2006.
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Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answer:
bias
Explanation:
bias is the true anwer
One way the federal reserve can counter unemployment and stimulate spending is by?
Based on the macroeconomic concept, the one way the Federal reserve can counter unemployment and stimulate spending is by Decreasing the discount rate.
What is the Discount Rate?The discount rate is a term used in government spending to describe the tools or methods used by the government to make it cheaper for commercial banks to borrow money,
Generally, the term discount rate helps to ensure there is an increase in available credit and lending activity throughout the economy.
The main cause of a decrease in the discount rate.Usually, it is known that when there is a slow economy, the Fed enables growth in the economy and the money supply by reducing reserve requirements and decreasing the discount rate.
Hence, in this case, it is concluded that the correct answer is Decreasing the discount rate.
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In 2019, McKenzie purchased qualifying equipment for his business that cost $212,000. The taxable income of the business for the year is $5,600 before consideration of any Section 179 deduction.
a. Calculate McKenzie’s Section 179 expense deduction for 2019 and any carryover to 2020.
b. How would your answer change if McKenzie decided to use additional first-year (bonus) depreciation on the equipment instead of using Section 179 expensing?
Answer:
A) The cost reduction for 2019 is $5,600. His accumulation to 2020 from Sec 179 is $206,400.
B) The allowance for spending is $0 for 2019. His accumulation to 2020 with Sec 179 is $0.0.
Explanation:
1) As per sections 179, a total of $212,000 is available for deduction, but the payment is related to taxable investment income as a restriction. Company revenue here is $5,600. Exemption is then decreased to $5,600 and holdover to nest year without $206,400 is the residual expense.
2) When we seek extra first-year expense, regardless of taxable business profits, we will claim the entire equipment costs as a deductible. So, Section 179 is going to be Zero and there's no reason to roll on to next term because in the first last year we were claiming maximum costs.
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2016. LPC's accountant has projected the following amortization schedule from issuance until maturity. LPC calls the bonds at 103 immediately after the interest payment on 12/31/2017 and retires them. What gain or loss, if any, would LPC record on this date?
a. $6,000 loss
b. $2,283 loss
c. No gain or loss
d. $3,717 gain
The gain or loss recorded by LPC on 12/31/2017 after calling the bonds at 103 is a $2,283 loss.
The first step is to calculate the book value of the bonds on the date of the call. This can be done by finding the present value of the remaining cash flows using the original yield-to-maturity of 10%.Using the given amortization schedule, we can find the book value of the bonds as of 12/31/2017 to be $97,717.The call price of the bonds is 103, meaning that LPC would need to pay $103,000 to retire the bonds.The loss to be recorded by LPC would be the difference between the call price and the book value of the bonds. In this case, it would be $103,000 - $100,283 = $2,717.However, we need to adjust for the unamortized premium, which is the difference between the face value of the bonds and the total amount of cash paid to purchase them. In this case, the unamortized premium is $19,000 - $18,283 = $717.Therefore, the total loss to be recorded by LPC would be $2,717 - $717 = $2,000, which is closest to option (b), a $2,283 loss.
Thus the total loss to be recorded by LPC would be (b), $2,283.
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rst consulting has offices in different locations around the country. each division is self-contained and caters to the needs of the specific region in which it is located. this is an example of a structure.
the organizational structure of RST Consulting, which has offices in different locations around the country. Each division is self-contained and caters to the needs of the specific region in which it is located. This is an example of a decentralized, regional organizational structure.
In a decentralized, regional organizational structure, the company is divided into separate divisions based on geographical regions. Each division operates independently, allowing them to make decisions and provide services that are tailored to the needs of the local market. This structure is beneficial for companies that have a wide range of regional differences, as it enables them to adapt to local preferences and conditions more effectively.
1. The company, RST Consulting, has multiple offices located in different regions across the country.
2. Each office, or division, is self-contained, meaning that it functions independently from other divisions.
3. These divisions cater to the specific needs of their respective regions, allowing them to provide more customized and relevant services to their clients.
4. The organizational structure described here is known as a decentralized, regional organizational structure, which helps companies like RST Consulting adapt to regional differences more effectively.
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Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservation screen, you are informed that you will be charged an additional $30 a night in various taxes that you have to pay to the hotel.
Indicate whether each of the given factors is likely to raise the economic burden of the tax for you or for the hotel. (for each of the following)
i- A hurricane recently ravaged the area, resulting in many vacancies at competing hotels.
ii- There are many other hotels in the area
iii- It is the peak of tourist season
iv- The hotel has unique architecture and is considered a historical landmark.
Answer:
iii
Explanation:
Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.
A hurricane would raise the burden of tax on the hotel.
The availability of many hotels would raise the burden of tax on the hotel.
The peak of tourist season would raise the burden of tax on you.
As a result of the hotel's architecture, the burden of tax would raise on you.
What does the burden of tax mean?
Economic burden of tax refers to who pays more tax between the buyer and the seller. The economic burden of tax depends on the elasticities of demand of the consumer and the elasticities of supply of the supplier.
The party between the supplier and the consumer that has a more elastic demand or supply would bear less tax burden and the party that has a less elastic demand would bear more tax burden.
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Question 29 Conglomerates are among the three major types of corporate mergers, and examples include the following, EXCEPT: O United and Continental Airlines General Electric O Berkshire Hathaway. O Samsung, Hyundai-Kia, and LG Electronics.
United and Continental Airlines stand out among the listed companies as they are not conglomerates;
Examples are:Some examples of conglomerates are General Electric, Berkshire Hathaway, and Samsung, Hyundai-Kia, and LG Electronics.
United and Continental Airlines stand out among the listed companies as they are not conglomerates; rather, they are an instance of a horizontal union between two firms in the aviation industry.
Conglomerates belong to the trio of primary sorts of business mergers, wherein entities from diverse sectors unite under a sole controlling parent corporation.
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each listed stock option contract gives the holder the right to buy or sell shares of stock. each listed stock option contract gives the holder the right to buy or sell shares of stock. 10 100 1000 1
The correct statement is:
Each listed stock option contract gives the holder the right to buy or sell 100 shares of stock.
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what do i say to "tell me about yourself" in a job interview
(20 pts)
Answer:
1- Mention past experiences and proven successes as they relate to the position. ...
2- Consider how your current job relates to the job you're applying for. ...
3- Focus on strengths and abilities that you can support with examples. ...
4- Highlight your personality to break the ice.
Explanation:
Select the statement that does not identify a problem that suggests that the regulatory approach will prove inadequate over the long term.
Multiple Choice
a.It underestimates the ability of business to influence consumer choice.
b.It assumes that business fulfills its environmental responsibility when it responds to the environmental demands of consumers.
c.It underestimates the influence that business can have in establishing the law.
d.Itt assumes that economic growth is environmentally and ethically benign.
The articulation that does not distinguish an issue recommending that the administrative approach will demonstrate lacking over the long term is:
b.It assumes that the business fulfills its environmental responsibility when it responds to the environmental demands of consumers.
This explanation does not highlight an issue with the administrative approach. Instep, it proposes that when businesses react to natural requests from customers, they are satisfying their natural obligation.
This viewpoint accepts that businesses are responsive to shopper requests and will take fitting activities to address natural concerns.
On the other hand, choices a, c, and d highlight potential issues with the administrative approach.
Choice A focuses on that the administrative approach may belittle the capacity of businesses to impact buyer choices, possibly driving them to insufficient direction.
Choice c recommends that the administrative approach may think little of the impact that businesses have in setting up laws, which may lead to administrative capture or insufficient authorization.
Choice d shows that the administrative approach may expect that financial development is naturally and morally generous, possibly neglecting negative impacts and the requirement for stricter directions.
Subsequently, choice b does not distinguish an issue with the administrative approach, whereas alternatives a, c, and d raise concerns about its ampleness over the long term.
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Chile is able to grow and harvest grapes and strawberries in the months of October through April, while in the United States such fruit is harvested from April through October. The United States has a much larger manufacturing capacity and ships durable goods such as cars and trucks to Chile. These examples can best be explained by
Answer: the economic principle of comparative advantage
Explanation:
Comparative advantage could be described as an economy's capability to produce a particular product at than the price competitor would offer. A comparative advantage could also be described as handling two jobs but being better in one than the other. One of the jobs could be primary duty while the other is secondary, one fetches income than the other which may or may not fetch an income or having a job that supplements the work you do for the other one
From the paragraph, both America and Chile farm fruit in their various reasons but United State does it better than Chile based on her massive manufacturing industry. The United states comparative advantage is her large manufacturing industry which helps her to be better than Chile in the fruit production.
If Amelia Twonsend spent $5,695 over 3 months, what is her average monthly expenditure?
A-$17,085.00
B-$1,898.33
C-$2,000.00
D-$485.00
NEED ASAP PLEASE
Select the correct text in the passage.
Hussein is writing a response rejecting a customer’s request for a product replacement. Select the text in the passage that shows the reasons he gives for the negative message.
Thank you for writing to us regarding your request for a replacement fan.
To guarantee customer satisfaction, we extend a warranty of 90 days on this product for all our customers. If returned within 90 days, we offer replacements free of charge.
Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement.
As an alternative, we can offer a 20 percent discount on any other product you wish to purchase from our store. We look forward to doing business with you again.
Answer:
Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement
Explanation:
Hope it helps!
A company sells equipment for $5,000. The original cost was $50,000. The
accumulated depreciation is $45,000. The sale results in
O A. a gain of $1,000
a
B. neither a gain nor a loss
O c. a loss of $1,000
D. a gain of $5,000
Assuming the company sells equipment for $5,000 and the original cost was $50,000. The sale results in: B. neither a gain nor a loss
Gain or lossFirst step is to calculate the book value using this formula
Book value=Original cost-Accumulated depreciation
Let plug in the formula
Book value=$50,000-$45,000
Book value= $5,000
Second step
Since the proceeds (equipment) is the amount of $5,000 in which the book value is as well $5,000 there is neither gain nor a loss.
Inconclusion the sale results in: B. neither a gain nor a loss.
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A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. If the pre-split market cap was 1.71B, what would the post-split market cap be?
A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. the post-split market cap be 684 million
What is market cap?Generally, In a 2-for-5 reverse split, every 5 shares of stock are combined into 2 shares. This means that the number of outstanding shares of stock will be reduced by 2.5 times. If the pre-split market cap is 1.71B, the post-split market cap can be calculated by dividing the pre-split market cap by 2.5:
1.71B / 2.5 = 684 million
So, the post-split market cap would be approximately 684 million. Please note that this calculation is based on the assumption that the value of the company's stock remains the same after the reverse split. In practice, the value of the stock may change as a result of the reverse split.
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