The Cournot model of oligopoly tends to assume that rival firms produce a similar product and compete to maximize profits by deciding how much to produce.
What is cournot model ?The Cournot model of oligopoly assumes that rival firms produce a similar product and compete to maximize profits by deciding how much to produce. All firms select output (quantity) at the same time. The basic Cournot assumption is that each firm chooses its quantity, taking the quantity of its competitors as given.Cournot duopoly, also known as Cournot competition, is an imperfect competition model in which two firms with identical cost functions compete in a static setting with homogeneous products.The Cournot model is simpler than the Oligopoly model, but they share the same foundations, so businesses are interdependent.In a cournot model, the firms compete for output. There is more than one firm in this type of market condition, and all firms in a market produce homogeneous products rather than differentiated products.To learn more about Cournot model refer to :
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Salameh & Singh, CPAs, perform financial statement audits of nonpublic companies only. Please indicate the type of opinion(s) that they should issue under each of the following circumstances. Assume that all amounts are material unless stated otherwise. a. Their audit client reports land at current estimated market value on the Balance Sheet. b. The audit client began accounting for inventory using a perpetual inventory system at the beginning of the year being audited. Previously, the client had computed cost of goods sold at year end using the periodic inventory method. Interim procedures performed during the audit revealed that the perpetual inventory records maintained under the new system were deficient and could not be relied upon. As a result, Salameh & Singh modified their planned substantive testing of inventory. Instead of testing the client's entries to inventory throughout the year, they increased their planned testing of the physical count of inventory on December 31, carefully observing the process. They are satisfied that the evidence obtained provides sufficient appropriate evidence in support of the client's inventory account at year-end. c. Salameh & Singh determined that substantial doubt exists about a client's ability to continue as a going concem. d. An audit client owns 70% of the equity securities of a subsidiary located in Topeka, Kansas, The client is unwilling to pay for an audit of the subsidiary's financial statements and the auditors are unable to obtain sufficient audit evidence in support of the value of the investment and related eamings reported in the financial statements. An audit client owns 70% of the equity securities of a subsidiary located in Topeka, Kansas. Salameh & Singh decide it will be more efficient to engage the services of a Topeka-based CPA to audit the financial statements of the subsidiary than to send their e e, An audit client owns 70% of the equity securities of a subsidiary located in Topeka, Kansas. Salameh & Singh decide it will be more efficient to engage the services of a Topeka-based CPA to audit the financial statements of the subsidiary than to send their own staff. After identifying a local firm with the appropriate expertise, they recommend that their client engage the Kansas firm to perform the audit of the subsidiary. Because their client acted upon their recommendation, they decide to assume responsibility for the work of the Kansas auditor. f. One of their clients changed from straight-line depreciation to the unit of production method and the auditors agree with the change. 8. Salameh & Singh are auditing a local company that is a subsidiary of a larger firm. They have decided to emphasize this fact in their audit report. h. One of their clients has changed its estimate of the useful life of its buildings from 20 to 15 years. The auditors believe the new estimate is reasonable.
The type of opinion that Salameh & Singh, CPAs, should issue under each of the following circumstances are as follows:a. An Unmodified opinion should be issued. The auditor's role is to assess whether the financial statements are free from material misstatements. Since the land is reported at current estimated market value and there is no issue regarding the audit, it can be assumed that the financial statements have no material misstatement.
Therefore, Salameh & Singh should issue an unmodified opinion.b. A Qualified opinion should be issued. In this case, the auditor cannot rely on the client's perpetual inventory records as they are deficient. They have changed their planned substantive testing and have observed the physical count of inventory on December 31st. Therefore, the audit evidence obtained is enough to support the client's inventory account at year-end. However, the reliance on a single test is insufficient, and it is not certain that there are no further errors in the inventory account, so a qualified opinion should be issued.c. Disclaimer of opinion should be issued. Salameh & Singh have no control over the subsidiary's financial statements since the subsidiary's audit is not in their scope.
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01-008 - What are the 3 types of business analytics?
The three types of business analytics are descriptive, predictive, and prescriptive analytics.
Descriptive analytics focuses on analyzing past data to understand what has happened in the past, providing insights on trends, patterns, and anomalies. This type of analytics is useful for understanding historical performance, identifying areas of improvement, and benchmarking.
Predictive analytics focuses on analyzing data to make predictions about future outcomes, using statistical models and machine learning algorithms. This type of analytics is useful for forecasting demand, identifying potential risks and opportunities, and optimizing business processes.
Prescriptive analytics goes beyond predicting future outcomes and recommends the best course of action to achieve a specific business objective. This type of analytics combines both descriptive and predictive analytics, providing decision-makers with actionable insights to optimize business operations and improve overall performance.
By leveraging these different types of business analytics, organizations can gain a better understanding of their data, make more informed decisions, and drive better business outcomes.
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suppose you are advising a mayoral candidate in your town. the candidate’s platform includes strong opposition to monopoly suppliers because consumer welfare is compromised by monopoly pricing. which of the following statements would present your candidate with an alternative view about why it may make sense to tolerate the existence of some monopoly firms?
Considering the situation described above, the alternative view about why it may make sense to tolerate the existence of some monopoly firms is that "Monopolies do reduce consumers surplus by producing less and charging more than the outcomes that would occur in a competitive market, but at times it makes sense to sacrifice some efficiency.
This can be illustrated in a situation whereby certain goods or services may not be available except through the chance of earning monopoly profits. This occurs whereby a patent ensures there are incentives for research and development.
In some other cases, it is more ideal if good is produced by a monopolist rather than by multiple producers due to the large fixed costs in production; thereby, with more profits, the price of products would reduce in the long run.
Hence, in this case, it is concluded that there are situations whereby Monopoly is necessary to provide goods and services for the people in a society.
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Which common barrier to problem-solving includes functional fixedness?
Functional fixedness occurs when we only think about the most common purpose of an object. One of the most common examples is the so-called candle task.
Functional fixedness is a cognitive bias that occurs when people only think of an object's most common use and are unable to think of a variety of uses.
It is a common barrier to problem-solving. An example of functional fixedness is the candle task, where people are asked to attach a candle to a wall in such a way that it can be lit.
Most people initially focus on using the candle itself, instead of considering the possibility of using other objects such as a box.
Functional fixedness can limit our problem-solving capabilities, as it restricts us to only thinking of the most obvious use for an object. It is therefore important to be open to considering alternate uses for objects and to be willing to look at problems from new perspectives.
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In the course of the communication process, which of the given steps logically follows after the listener receives the message sent by the communicator?
Answer:
b. Interpreting the message
Explanation:
As we know that the communication process involves sender, encoding, message, receiver, decoding and feedback
After the listener received the message sent by the communicator the step that is followed is message interpreted that means how the message would be interpreted it would be the same as the sender send to the receiver or it would be in understanding in a different way
Hence, the correct option is b.
Frito-Lay, the massive Dallas-based subsidiary of PepsiCo, has 38 plants and 48,000 employees in North America. Seven of Frito-Lay’s 41 brands exceed $1 billion in sales. The production process at Frito-Lay is designed for large volumes and small variety, using expensive special-purpose equipment, and with swift movement of material through the facility. Product-focused facilities, such as Frito-Lay’s, typically have high capital costs, tight schedules, and rapid processing. Frito- Lay’s facilities are located regionally to aid in the rapid delivery of products because freshness is a critical issue. Sanitary issues and necessarily fast processing of products put a premium on an efficient layout. Production lines are designed for balanced throughput and high utilization. Cross-trained workers, who handle a variety of production lines, have promotion paths identified for their particular skill set.
The supply chain is integral to success in the food industry; vendors must be chosen with great care. Moreover, the finished food product is highly dependent on perishable raw materials. Consequently, the supply chain brings raw material (potatoes, corn, etc. ) to the plant securely and rapidly to meet tight production schedules. For instance, from the time that potatoes are picked in St. Augustine, Florida, until they are unloaded at the Orlando plant, processed, packaged, and shipped from the plant is under 12 hours. The requirement for fresh product requires on-time, just-in-time deliveries combined with both low raw material and finished goods inventories. The continuous-flow nature of the specialized equipment in the production process permits little work-in-process inventory. The plants usually run 24/7. This means that there are four shifts of employees each week.
a. Develop an ITO and SIPOC model based on information in the scenario.
b. Apply four V’s of operation on Frito-Lay. Mention each V as high, moderate or low with one liner reason.
c. Suggest how we can determine the productivity in this case. No calculation is required, just show possible data.
d. Make a comparison how operations of Frito lay is different from a service restaurant (you can assume a restaurant of your choice).
e. Given a bakery located opposite to your proposed service restaurant makes 1,500 loaves per month with a labor productivity of 2. 344 loaves per labor-hour. Calculate number of workers working there? (Hint: Each worker works 160 hours per month. )
a. ITO model:
Inputs: Raw materials (potatoes, corn, etc.), specialized equipment, cross-trained workers
Transformation process: Large volume production with small variety, quick material movement, high utilization production lines, continuous-flow nature of specialized equipment
Outputs: Finished food products, shipped to customers
SIPOC model:
Suppliers: Raw material suppliers (potato and corn farmers)
Inputs: Raw materials (potatoes, corn, etc.)
Process: Production process using specialized equipment, cross-trained workers
Outputs: Finished food products (chips, snacks)
Customers: Retailers, consumers
b. Four V’s of operation on Frito-Lay:
Volume: High volume due to the large number of plants and employees, as well as the high demand for their products.
Variety: Low variety due to the production process being designed for large volumes and small variety.
Variation: Moderate variation due to the need to manage perishable raw materials and tight production schedules.
Visibility: Low visibility since the production process is designed for efficiency and speed, and not for customer interaction.
c. To determine productivity in this case, we can track the output of finished food products and compare it to the inputs of raw materials and labor hours. We can also track the efficiency of the production process by measuring the utilization of the specialized equipment and cross-trained workers.
d. Frito-Lay's operations are different from a service restaurant in several ways. For example, Frito-Lay's production process is designed for large volumes and small variety, whereas a restaurant's operations require more flexibility to accommodate a variety of menu items. Additionally, Frito-Lay's production process relies heavily on specialized equipment and the efficient movement of material through the facility, while a restaurant's operations rely more on the skills and interactions of its employees with customers.
e. Number of workers in the bakery:
Labor productivity = Output / Labor hours
2.344 = 1,500 / (x * 160)
x = 3.22
Rounding up, there are 4 workers in the bakery (since you cannot have a fraction of a worker).
What is the journal entry for Rent paid in advance Rs. 5,000?
The journal entry for Rent prepaid in advance would be prepaid rent.
As the sum paid indicates the additional payment for the foreseeable use of the rented property, such as office space, etc., advance rent is treated as an asset rather than a cost in accounting. Similarly, the business must enter the rent that has been paid in advance as an asset in the journal entry.
When the business begins using the rented property, the prepaid rent will eventually expire. As a result, the business must register rent expense for the time period during which the cost of the prepaid rent expires.
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If npv is conceptually the best tool for capital budgeting, why do you think multiple measures are used in practice? what is the relationship between the profitability index and the npv? are there any situations in which you might prefer one method over the other?
Although NPV is thought to be the most reliable and theoretically sound way for analysing capital budgeting choices, managers may employ several metrics based on the particular scenario or decision being made
The process of preparing a budget defines how a company will distribute its financial resources over a specific time period. It include forecasting future income and spending, deciding on priorities, and establishing performance goals. A crucial component of financial management is budgeting, which enables businesses to keep expenditures in check, allocate resources efficiently, and make long term plans. Accurate financial data, communication across departments and stakeholders, and a clear grasp of the organization's goals and objectives are necessary for effective budgeting. Budgeting helps companies to make educated decisions, adjust to changing conditions, and maintain long-term sustainability by defining clear financial goals and tracking performance against them.budgeting
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c) What are the major jobs of a nurse?
Answer:
1) Conduct physical exams
2) Take a detailed heath care histories
3) Provide counselling and health care to patients
4) Listening to the patients and analysing the physical and emotional needs
___ is evaluating similar items to check quality and price
Answer:
Cost?
Explanation:
Think about the sample you just read. Sort the details depending on whether they are suitable for a younger or older
audience.
defining "litter"
energy-saving goods to buy
statistics about pollution
start an environment club
scientific experts' views
fuel-efficient car facts
how to recycle
Details for a Younger Audience
interviews with kids
Details for an Older Audience
Facts about fuel-efficient vehicles, scientific theories, and suggestions for energy-saving items For a younger audience, creating an environment club, interviewing kids, recycling, and statistics are appropriate.
Why is it vital to consider the target audience's age?You can reach more people in a certain age group by using age demographics. A certain age group may share cultural experiences, values, or attitudes that might help you relate to your target audience. These concepts can be used to demonstrate how your good or service matches their requirements and way of life.
What are the four most important methods for determining a target audience?When launching a business, a product, or a service from your current firm, identifying your core target audience is essential.
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Answer:Details for younger- interviewing with kids, how to recycle, start an environment club, defining “litter”
Older Audience-scientific experts’ views, energy-saving goods to buy,statistics about pollution, fuel-efficient car facts.
Explanation: I took it on edge 2023
A good discipline is to review our investments every 5 years with an eye to the future 10 years and ignoring past performance.T/F
The correct answer is True, maintaining good discipline in managing investments is crucial for long-term financial success. Regularly reviewing your investments every 5 years allows you to assess.
Their performance and make necessary adjustments to align with your future goals and objectives for the next 10 years. This practice can help you identify new opportunities, mitigate risks, and optimize your portfolio for better returns. However, it is important not to solely rely on past performance as an indicator of future success. While historical data can provide insights into an investment's performance, it should not be the only factor considered when making decisions. Market conditions, economic trends, and various other factors may influence an investment's potential growth over time. By focusing on the future and incorporating a disciplined approach to investment management, you can make more informed decisions and better position yourself for financial success.
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Analysis using a ppc the effect on an economic of an increase in the supply of labour
A model that illustrates the trade-offs related to allocating resources between the production of two things is called the Production Possibilities Curve (PPC).
What effects does the economy's growth have on PPC?The PPC model, which measures production possibilities, takes economic expansion into account. The production possibilities curve illustrates the maximum output of two items an economy is capable of generating, such as capital goods and consumer products. If production capacity has increased, that curve will change direction.
How may PPC be used to illustrate the law of escalating opportunity cost?Opportunity costs are fixed no matter how far down the curve you go when the PPC is a straight line. As you walk along the PPC while it is concave (bowed out), opportunity costs rise.
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How does fiscal policy affect the economy? Discuss. Give an
example of a fiscal policy change, and include some description of
how this change would be represented in the AD-AS model. How does
the imp
Fiscal policy refers to the policies implemented by a government relating to its spending and taxation. Fiscal policy is essential for managing the economy as it affects economic growth, employment, and inflation. It's worth noting that fiscal policy is an aspect of macroeconomic policy,
which is aimed at controlling the overall level of economic activity to maintain stability in the economy. Fiscal policy affects the economy in the following ways:Increases or decreases in government spending: When the government spends more money, it increases demand for goods and services, which in turn increases employment and production. In contrast, when the government spends less money, it reduces the demand for goods and services, which results in lower production and employment. Increase or decrease in taxation: ,resulting in lower production and employment. The following is an example of a fiscal policy change: Suppose the government wants to stimulate economic growth and decides to increase government spending on infrastructure. By doing so, the government will create employment opportunities and stimulate production. This increase in government spending will shift the aggregate demand curve to the right, as shown below.
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26. Pilihan ganda30 detik1 ptQ. Marketing activities often cost 50 percent or more of the selling price of a product or service.Pilihan jawabanTrueFalse
True. Marketing activities can often cost 50 percent or more of the selling price of a product or service, especially for high-end or luxury products that require extensive advertising and promotion to reach their target market.
This cost can include advertising, promotions, sales incentives, public relations, research, and product development, among others. For some products, the cost of marketing can be even higher, reaching up to 100 percent or more of the selling price. The exact cost of marketing will depend on the type of product or service, the target market, the competition, and the overall marketing strategy. Marketing activities are an important part of any business that wants to sell its products or services effectively. These activities help to build brand awareness, create interest in a product or service, generate leads and sales, and build customer loyalty. The cost of marketing activities can vary widely depending on the type of product or service, the target market, the competition, and the overall marketing strategy.
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what objects are necessary for the formation of shadows ?
Answer:
The following three things are required for a shadow to form:
a source of light.
an opaque object.
a screen or surface behind the object.
explain one promotional activity you would choose to promote your product
You might think about giving out products at events or sending them to repeat customers along with their orders.
What sort of marketing effort would that be?Buy one, get one free is a well-known and well-liked promotional offer (often referred to as BOGO). There are numerous instances of "buy one, get one free" (BOGOF) and "buy one, get one for 50% off" sales promotions.
What is a good illustration of product promotion?The phrases "Buy one, get one free" (sometimes known as "BOGOF") and "Buy two, get the third free" are frequently used in sales promotions. When you want or need to sell multiple things at once, these campaigns are helpful.
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The young men below are in colloquial language, “getting their hustle on!” Explain how their business is a sole proprietorship. Secondly, explain why the government will have a difficult time taxing this type of business.
These businesses are typically not registered with the government, and they do not have an official structure.
The government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development.
In colloquial language, the young men below are "getting their hustle on." A sole proprietorship is a type of business that is owned and operated by a single individual. The young men's business can be referred to as a sole proprietorship since they are the sole owners of the business.
They are the ones who started the business, are responsible for all of its operations, and are accountable for all of the profits or losses.The government will have a tough time taxing this type of business for a variety of reasons.
Firstly, these businesses are typically not registered with the government, and they do not have an official structure. As a result, it's difficult for the government to track their activities and evaluate their taxes.
Secondly, many of these businesses operate in the informal sector, and they do not have formal accounting procedures or systems in place. As a result, it's difficult for the government to determine their exact revenue and taxable income.
Thirdly, these businesses are frequently involved in cash transactions, and it's difficult for the government to monitor their cash flow and revenue. As a result, they may not accurately report their earnings or pay the required taxes.
Finally, the government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development. As a result, they may not be heavily taxed, if at all, since the government may be hesitant to discourage their operations.
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The lowcountry elite depended on plantations to make their money. How did most upcountry settlers support themselves?.
The Lowcountry's economy was based on agriculture. Although many colonists had sizable estates that produced lucrative crops like rice and tobacco, others lived on modest family farms. On plantations, slave labor was prevalent.
The Lowcountry's environment proved perfect for growing profitable crops. Plantations, as opposed to tiny, subsistence farms, were built to raise cash crops for the market. The plantation system was a forerunner of capitalism.
Families that owned slaves were affluent plantation owners. By forcing the slaves to perform their labor for a sizable fee, they were able to support themselves. Despite having a population of over 1,700, they belonged to the upper class in the southern colonies. All of the southern colonies dealt with slavery in some way.
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If the ratio of patrons to advertising dollars is 8.65:1, how much should the arena spend if it wants 15,000 attendees at
the basketball game? (Round to the nearest dollar.)
Answer:
$1,734.00
Explanation:
For every dollar spent, there are 8.65 attendees
For there to be 15,000 attendees, the arena should spend
=15,000/8.65
=1,734.10
=$1,734.00
PLEASE HELP ECONOMIC
Paragraph 1 – Make a claim about the positive role the Federal Reserve serves in the U.S. economy. Use evidence from your research to support your claim.
Paragraph 2 – Make a claim about the negative role the Federal Reserve serves in the U.S. economy. Use evidence from your research to support your claim.
Paragraph 3 – Choose a side. Based on the evidence, which perspective do you agree with more? Write a paragraph to identify your position. Use evidence to explain your choice.
What is one of the key goals of unions?
A: to encourage more workers to form unions
B: to ensure that employers heed environmental laws
C: to get wage increases for their members
D: to engage in featherbedding
Answer:
l think to encourage more workers to form unions
Explanation:
please follow me
Answer: C
Explanation:
What is advertising??
Answer:
the activity or profession of producing advertisements for commercial products or services.
Explanation:
Answer:
the activity or profession of producing advertisements for commercial products or services.
"movie audiences are receptive to advertising"
advertisements collectively.
"despite being instructed to take the signs down, he says he has no intention of removing the advertising"
Explanation:
dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
Jeffrey is having a busy day
Answer:
Tell Jeffery to take a nap
Explanation:
When a computer is frozen and cannot properly be shut down, manually hold down the manual power button until the computer restarts. true or false
Answer:true
Explanation:
Is this counted in the GDP of a country ?The services of a mechanic in fixing the radiator on his own car.
Answer:
Yes this could be counted as GDP
Explanation:
For a report to focus on the needs of typical business readers today, it needs to be trustworthy, contain decision-related information, and:
For a report to focus on the needs of typical business readers today, it needs to be trustworthy, contains decision-related information, and make it easy for readers to get the point quickly.
A report must be trustworthy, contain pertinent information, and make it simple for readers to rapidly comprehend the information they wish to deliver in order to satisfy the expectations of business readers.
This can be achieved by using straightforward yet precise terminology. This is necessary because readers need to be able to make decisions based on the reports' clarity.
Always leave your audience wanting to read more of what you've written. In keeping with that, don't go on and expect people to care they won't.
Creating interesting content is not always welcomed. It might aggravate, frustrate, or even irritate your readers. Whatever you do, don't back down, and don't be afraid of your readership.
It's good if your writing touches a nerve and you receive a lot of feedback. Whether or not your readers enjoy what you've done, it is interesting.
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Answer:make it easy for readers to get the point quickly.
Explanation:
Consider the following balance sheet:
BestCare HMO
Balance Sheet
June 30, 2011
(in thousands)
Assets
Current Assets:
Cash $2,737
Net premiums receivable 821
Supplies 387
Total current assets $3,945
Net property and equipment $5,924
Total assets $9,869
Liabilities and Net Assets
Accounts payable—medical
Services $2,145
Accrued expenses 929
Notes payable 382
Total current liabilities $3,456
Long-term debt $4,295
Total liabilities $7,751
Net assets—unrestricted
(equity) $2,118
Total liabilities and net
Assets $9,869
a. How does this balance sheet differ from the one presented in Exhibit 4.1 for Sunnyvale?
b. What is BestCare’s net working capital for 2011?
c. What is BestCare’s debt ratio? How does it compare with Sunnyvale’s debt ratio?
a. The balance sheet for BestCare HMOB is different from the one presented in Exhibit 4.1 for Sunnyvale. b. BestCare’s net working capital for 2011 is $3,945 - $3,456 = $489 thousand. c. BestCare’s debt ratio is 78.9%.
Exhibit 4.1 for Sunnyvale in that it includes an entry for “Net premiums receivable” and “Notes payable”. It also includes a separate line item for “Net property and equipment” which was not present in Sunnyvale’s balance sheet.
BestCare’s debt ratio is 7,751/9,869 = 78.9% which is higher than Sunnyvale’s debt ratio of 71.2%, suggesting that BestCare has higher leverage and more debt than Sunnyvale. This is likely because BestCare is a larger organization and has more assets and liabilities than Sunnyvale.
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The utility created by transferring ownership of a product to a buyer is called ____ utility.
a.time
b.form
c.possession
d.ownership
e.place
Possession utility is the amount of practicality or perceived worth a consumer obtains from possessing and being able to use a certain thing.
Form, place, time, and possessional utilities are the four primary categories of utility. Possession utility refers to the practical use of a product, such as when customers drive a brand-new automobile off the lot or have furnishings delivered to their homes. It also emphasizes how possession and purpose are related. A person pays for a product and gains ownership of it when he makes a purchase. The usefulness of possession is therefore the experience of having or possessing the product.
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________ is the pricing of goods, services, and technology between related companies.
Among pricing
Retail pricing
Transfer pricing
Wholesale pricing
The term that describes the pricing of goods, services, and technology between related companies is "transfer pricing."
Transfer pricing refers to the pricing strategy used by multinational companies to set the price of goods, services, or intangible assets transferred between their affiliated entities, such as subsidiaries or divisions located in different countries. It involves determining the price at which transactions occur within the company to allocate profits and costs between different units or jurisdictions. Transfer pricing is important for multinational companies to ensure proper allocation of profits, comply with tax regulations, and optimize their overall tax liability. It helps establish fair and arm's length prices for intercompany transactions, ensuring transparency and avoiding potential tax issues.
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