Which of the following price setting methods considers the price that other providers charge for the same product? a. demand-based method b. cost plus method c. total cost method d. competition based method

Answers

Answer 1

The right answer is D. The rate that other suppliers charge for the identical goods is taken into account by the competition-based method.

What are pricing strategies based on competition?

Competitor-based pricing, as the name suggests, is a pricing method in which a business determines the price of its products after examining the competition. However, this method just considers the sale price of both the rivals' goods and does not account for starting expenditures.

What are the four competitive advantage factors?

Superior efficiency, quality, invention, and customer accountability are the four criteria that assist the business create and maintain a competitive advantage. Each of these elements is the outcome of a company's unique competence.

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Related Questions

what is a net income.

Answers

Answer:

Net income is how much money a business or person makes after the costs of deductions, taxes, and allowances.

Further, commerce net income is how much the business has after all costs, which include things such as: salary/wages, the cost it takes to buy the goods or create them, plus taxes.

Explanation:

Answering again cause it got deleted for the link.

(still new here, I didn't know I wasn't suppose to do that, whoops)

c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)

Answers

A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.

How is this so?

Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.

Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).

Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?

When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.

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what is the background of the unilever company?

Answers

Answer:

Ueliever somthing i forgot

Explanation:

how equilibrium price and output are determined in short run by a firm using mr-mc approach under monopoly market ?explain in economic class 12

Answers

When the short-run marginal cost (SMC) equals the marginal revenue, the equilibrium price and output are found (MR).

How can a company using the MR MC strategy in an environment of perfect competition determine equilibrium output and price over the short term?

The marginal revenue (MR) and marginal cost (MC) of production are frequently cited as the causes of the producer's equilibrium. Profit is maximized (perhaps a producer finds equilibrium) when both of the following conditions are satisfied: I MR = MC and II MC is increasing (or MC exceeds MR when the output reaches equilibrium).

At this point, the short-run marginal cost (SMC) equals the marginal income, and the equilibrium price and output are determined (MR). A corporation with reduced unit costs will only be making regular profits because short-term expenses vary. If it can only pay the average variable cost, it incurs losses.

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Wesley has asked his assistant to prepare an income and expense statement for a meeting. Which costs can the assistant include in the
operating expenses in the statement?
OA. loan payments
OB. taxes
OC. cost of land purchase
O D.
cost of the purchase of heavy machinery
OE inventory expenses

Answers

The cost that the assistant can include in the operating expenses in the statement include:

A. loan paymentsB. taxesD. cost of the purchase of heavy machineryE inventory expenses

What are operating expenses ?

An expense a business faces as a result of ongoing operations is referred to as an operating expense. Operating expenses, which are frequently referred to as OPEX, include rent, tools, inventory costs, marketing, payroll, insurance, step charges, and money set aside for R&D.

Operating expenses, which are frequently referred to as OPEX, include rent, tools, inventory costs, marketing, payroll, insurance, step charges, and money set aside for R&D.

Loan payments, taxes, and inventory expenses should therefore be included by Wesley's assistant.

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4. Between January 2012 and January 2019, U.S. employment
increased by 17.3 million workers, but the number of
unemployed workers declined by only 6.3 million. How are
these numbers consistent with each other? Why might one
expect a reduction in the number of people counted as
unemployed to be smaller than the increase in the number of
people employed?

Answers

Answer:

The fact that employment increased by 12.1 million workers while unemployment declined by only 7.3 million is consistent with the growth of the labor force by 4.8 million.

Explanation:

The fact that employment increased by 12.1 million workers while unemployment declined by only 7.3 million is consistent with the growth of the labor force by 4.8 million. One might expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people employed because the labor force constantly increases as the population grows, and as the labor-force participation rate increases, the increase in employed might exceed the reduction in the number of unemployed.

From 1948 to 2022, the employment rate in the United States was around 59.22 % on average, the topic is further explained below.

What is the high rate of employment in the United States?

From 1948 to 2022, the employment rate in the United States was around 59.22 % on average, with a high of 64.70 percent in April 2000 and a low of 51.30 percent in April 2020.

Employment increased by 12.1 million workers while unemployment decreased by only 7.3 million, corresponding to a 4.8 million increase in the labor force. One might expect a decrease in the number of unemployed people to be smaller than an increase in the number of employed people because the labor force is constantly increasing as the population grows.

And as the labor-force participation rate rises, the increase in employed people may outnumber the decrease in the number of unemployed people.

Therefore, the above statement explains employment in the United States.

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Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent

Answers

In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).

a. $200,000

b. $210,080

c. 5.04 percent

What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.

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explain why newspapers advertising is not effective on illiterates

Answers

Answer:

cause how are illiterate people gonna read the newspaper? therefore: newspapers=not for people who can't read

Kennedy, Inc. reported the following data:
Net income $127,659
Depreciation expense 16,038
Loss on disposal of equipment 11,080
Gain on sale of building 18,917
Increase in accounts receivable 7,995
Decrease in accounts payable 3,476
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments.
Kennedy, Inc.
Statement of Cash Flow
Cash flows from operating activities:
Net income
$
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation expense
Loss on disposal of equipment
Gain on sale of building
Changes in current operating assets and liabilities:
Increase in accounts receivable
Decrease in accounts payable
Net cash flow from operating activities

Answers

Answer:

Net cash flow from operating activities is $124,389.

Explanation:

Cash flows from operating activities section of the cash flow statement shows the sources and uses of cash from ongoing normal business activities of a company in a particular period.

The cash flows from operating activities section of the statement of cash flows of Kennedy, Inc. can be prepared as follows:

Kennedy, Inc.

Statement of Cash Flow

Particulars Amount ($)

Cash flows from operating activities:

Net income 127,659

Adjustments to reconcile net income

to net cash flow from operating activities:

Depreciation expense 16,038

Loss on disposal of equipment 11,080

Gain on sale of building (18,917)

Changes in current operating assets and liabilities:

Increase in accounts receivable (7,995)

Decrease in accounts payable (3,476)

Net cash flow from operating activities 124,389

Your grandparents would like to establish a trust fund that will pay you and your heirs $130,000 per year forever with the first payment one year from today. If the trust fund earns an annual return of 2.5 percent, how much must your grandparents deposit today

Answers

Answer:

My grandparents deposit $5200000 today.

Explanation:

The annual return earned by trust fund = $2.5 percent

It is given that the trust will pay annually a certain amount for infinite period so annual pay = $130000 per year.

Now we have to calculate the invested or deposited amount by grandparents today.

The present value of future constant annual payment over infinite period = (P/A, i%, n = infinity) or 1 / i%

The amount that should be deposited today :

$= 130000 \times \frac{1}{2.5 \ percent} \\= 5200000$

There may be a maximum balance requirement for a savings account.
True
False

Answers

Answer:

true

Explanation:

For example, if a bank account has a $100 minimum balance requirement, you want to make sure that you don't let your balance fall to $99.99 or less.

Grixdale Tax Services prepares taxes for individuals. Grixdale offers a simplified pricing model with two alternatives for taxpayers: Standard Deduction or Itemized Deduction. Price and variable costs for the two services are listed below.
Standard Itemized
Sales price (per return) $50.00 $250.00
Variable costs (per return) 10.00 30.00

The annual fixed costs at Grixdale are $262,500. Based on experience, the owner estimates that Standard Deduction returns represent 25 percent of the firms business.

How many Standard Deduction and Itemized Deduction returns must be filed annually to break even?

Answers

Answer: Grixdale Tax Services must file 375 Standard Deduction returns and 1,125 Itemized Deduction returns annually to break even

Explanation:

To determine the break-even point, we need to calculate the total contribution margin, which is the difference between the sales price and variable costs. For the Standard Deduction service, the contribution margin is:

$50.00 - $10.00 = $40.00

For the Itemized Deduction service, the contribution margin is:

$250.00 - $30.00 = $220.00

Next, we need to determine the proportion of total returns that are Standard Deduction returns. We are given that 25 percent of the firm's business is Standard Deduction returns, so the proportion of Itemized Deduction returns is:

1 - 0.25 = 0.75

Now we can set up the equation to solve for the break-even point:

Contribution margin × Total number of returns = Fixed costs

Let x be the total number of returns. Then, the number of Standard Deduction returns is 0.25x, and the number of Itemized Deduction returns is 0.75x. Plugging in the values from the problem, we get:

(40.00 × 0.25x) + (220.00 × 0.75x) = 262,500

Simplifying the equation, we get:

10x + 165x = 262,500

175x = 262,500

x = 1,500

Therefore, the break-even point is 1,500 total returns. To find the number of Standard Deduction and Itemized Deduction returns required to break even, we can multiply the total number of returns by the proportion of each type of return:

Number of Standard Deduction returns = 0.25 × 1,500 = 375

Number of Itemized Deduction returns = 0.75 × 1,500 = 1,125

Therefore, Grixdale Tax Services must file 375 Standard Deduction returns and 1,125 Itemized Deduction returns annually to break even.

Assume that you and your classmates are board members of a child care and education center for 60 preschool children located in a community center building. They had asked you to set up the program four years ago. Now the community center director feels he needs your space for additional adult activities during the day. You need to move out of the building in 30 days. What will you do? Consider all the options, and then make a plan.

Answers

The best plan for you would be to write to the education board regarding the issues that you are facing.

What are the functions of the local education board?

The education board in a local area can help to do the following

Employ a school superintendentdevelop school policiesDevelop curriculumTake care of all issues that have to do with facilities.

Hence the best thing would be to let them know of the issues you are facing in order to determine the best help necessary.

Answers

Creating finished goods and services using raw materials and personnel pertains to production.

Production is the process of making or manufacturing goods and products from raw materials or components. In other words, production takes inputs and uses them to create an output which is fit for consumption – a good or product which has value to an end-user or customer.

In economics, a business which produces goods are known as “producers” and these companies are taking the inputs available to them (both material and immaterial) to produce products which the consumer will want to buy.

Inputs don’t have to be raw materials either. An input can also be immaterial or intangible, for example, manufacturing plans or technical and industry know-how.

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-------------------- Correct question format is given below ------------------

"Creating finished goods and services using raw materials and personnel pertains to which of the following functions?

A) marketing

B) research

C) production

D) human resources"

With perfect price discrimination, the marginal revenue curve
A) is equal to the demand curve.
B) is below the demand curve. C) is above the demand curve.
D) is horizontal.

Answers

Answer: b

Explanation: Because the monopolist must lower the price on all units in order to sell additional units, marginal revenue is less than price. Because marginal revenue is less than price, the marginal revenue curve will lie below the demand curve.

The order of presentation of activities on the statement of cash flows is______________
1 point
a) Operating, Investing, and Financing.
b) Operating, Financing, and Investing.
c) Financing, Operating, and Investing.
d) Financing, Investing, and Operating.

Answers

The order of presentation of activities on the statement of cash flows is Operating, Financing, and Investing.

The option (B) is correct.

Cash flows are classified and introduced into working exercises (either utilizing the 'immediate' or 'circuitous' technique), contributing exercises, or funding exercises, with the last two classes commonly introduced on a gross premise. as it shows whether the business has sufficient fluid money to put in now is the ideal time and invest in assets.

When creating your income statement, list incomes first. Then, at that point, drill down any costs your organization had during the period and take away the costs from your income. The lower part of your pay proclamation will let you know whether you have a net gain or shortfall for the period.

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Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?

Answers

Managers want larger budgets; entrepreneurs work to do more with less.

How do entrepreneurs approach resources differently from employee-managers?

Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.

This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.

Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.

Answers

i think the third option but i think its wrong i am unsure and i dont want to say thhe wrong thing

Which of the following would most likely use a job order costing system? a.oil refinery b.company that manufactures chlorine for swimming pools c.paper mill d.swimming pool installer

Answers

Answer:

d swimming pool installer

Explanation:

Ronald is trying to pay down his student loan debt as quickly as possible, so he decides not to purchase disability insurance and uses that money toward debt repayment instead. Ronald has had a bad skiing accident, and doctors anticipate he won’t be able to work again for six to nine months. Can he enroll in short-term disability insurance tomorrow and file the claim? Why or why not?

Answers

Ronald can enroll in short-term disability insurance tomorrow and file the claim.

Short-term disability insurance is intended to cover you for a short period of time following an illness or injury that keeps you out of work. Given, that Ronald met an accident and doctors anticipated that he won't be able to work for six to nine months. He is eligible for the Short-term disability insurance because according to the rules of Short-term disability insurance average time to use its benefits is 3, 6 or 12 months, and Ronald comes under the same period.

Hence, Ronaldo is eligible for Short-term disability insurance and file claiming.

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Why would a business owner lower the price of a product?
O A. Because the production cost of the product is too high
O B. Because the product is in higher demand.
C. Because the product is in less demand.
D. Because there is a scarcity of the product.

Answers

The decision to raise or lower prices is a difficult one with significant implications for your business. Hence option C is correct .

What is the pricing of product ?

However, deciding whether or not to change prices is not as important as deciding how to make the change.

To put it another way, two companies that change the prices of the same products by the same amount may achieve vastly different results depending on how the new policy is implemented.

Effectively raising and lowering prices necessitates close attention to timing. It is necessary to understand how to influence your customers' perceptions of the value inherent in what you are selling. It compels you to research and accurately predict the reactions of your competitors.

Businesses will sometimes announce significant price increases, even doubling their previous rates. According to one theory,A single large price increase will end the suffering.

Businesses may also announce significant price increases when the price of a key ingredient or cost component has increased significantly. When a company is overwhelmed by the volume of sales from an unexpectedly popular product, it may raise prices to reduce demand to a manageable level.

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Answer:

C. Because the product is in less demand.

Explanation:

2) Which group of activities is made up of tertiary industries only?
a) Banking, research, farming.
b) Transport, food processing, marketing.
c) Marketing, transport, insurance.
d) Tourism, fishing, banking.

Answers

Answer: B

Explanation: it is involving the provision of services to other businesses as well as to final consumers

Today manufacturers are relying more heavily on developing an MRP system for purchasing. the bidding process to obtain the lowest price. developing close relationships with just a few suppliers to secure affordable prices. many suppliers to keep their leverage.

Answers

Answer:

many suppliers to keep their leverage.

Explanation:

Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.

Answers

The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.

What is the selling price per pound for onions?

Total Cost = Quantity * Cost per pound

Total Cost = 1,000 pounds * $0.11/pound

Total Cost = $110

Spoilage Quantity = 3% of Quantity

Spoilage Quantity = 3% of 1,000 pounds

Spoilage Quantity = 0.03 * 1,000 pounds

Spoilage Quantity = 30 pounds

Effective Quantity = Quantity - Spoilage Quantity

Effective Quantity = 1,000 pounds - 30 pounds

Effective Quantity = 970 pounds

Makeup Rate = 180%

Selling Price per pound:

= (Total Cost * Makeup Rate) / Effective Quantity

= ($110 * 1.80) / 970 pounds

= $2.03505/pound.

Answers

Answer:

yes

Explanation:

most of the money in our economy is created by banks in the form of banks deposits - eg the numbers that appear in your account. Banks create new money whenever they make loans

A Virginia county is considering whether to pay $50,000 per year to lease a prisoner transfer facility in a prime location near Washington, D.C. They estimate it will cost $50 per prisoner to process the paperwork at this new location. The county is paid a $75 commission for each new prisoner they process. What would be the county's annual profit if they were to process 4,000 prisoners per year at this new location

Answers

Based on the information given the county's annual profit if they were to process 4,000 prisoners per year at this new location is $50,000.

Annual profit=Total revenue-Total cost

Where:

Total revenue=(4,000×$75)=$300,000

Total cost=[(4,000×$50)+$50,000]=$250,000

Let plug in the formula

Annual profit=(4,000×$75)-[(4,000×$50)+$50,000]

Annual profit=$300,000-($200,000+$50,000)

Annual profit=$300,000-$250,000

Annual profit=$50,000

Inconclusion the county's annual profit if they were to process 4,000 prisoners per year at this new location is $50,000.

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3. Jiro has £50 000 in a savings account. He intends to leave it there for the next 3
years and has a fixed annual interest rate of 3% per year. How much will his £50 000
be worth after 3 years?

Answers

Jiro', £50 000 in the savings account will be worth £54636.35 after 3 years.

What is a savings account?

Savings accounts are deposit accounts that often pay more interest than checking accounts that do. Savings accounts place a cap on the number of specific transfers and withdrawals that can be made from the account throughout each cycle of monthly statements. Savings accounts are a secure place to save cash that you might need at a moment's notice. Almost any bank or credit union allows you to start one, frequently totally online and with little to no initial deposit. These accounts consistently pay the stated rate of interest, and while some have little fees, most do not.

Given,

Principle amount P = £50000

Rate of interest = 3% = 0.03

Time period T = 3 year

Total amount = P(1 + R)^T

Total amount = 50000(1 + 0.03)^3

= £54636.35

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The least expensive type of marketing research method is a(n)

Answers

The answer to your question is Secondary Research

PLEASE QUICK HELP 35 POINTS!!!!!!!!!!!!! MC

Answers

Answer:

A.) Paying taxes

Explanation:

People pay taxes and that's what the city they live uses to make new projects like a building or new roads etc.

Answer:

Spending

Explanation:

got a 100 on this

Rick owns and operates a small farm that produces vegetables and fruits. His friend Owen owns and operates a butcher shop that sells various kinds of
meat. Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa. This scenario best describes

Answers

Because Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa, this scenario best describes a trade by barter.

What is a trade by barter?

A trade by barter refers to direct exchange of goods or services without an intervening medium of exchange or money either according to established rates of exchange or by bargaining.

A trade by barter is common among traditional societies, most particularly in those communities with some developed form of market. Product can be bartered within a group as well as between groups, although gift exchange probably accounts for most intragroup trade, particularly in small and relatively simple societies.