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satela [25.4K]
2 years ago
14

What is a pricing strategy that establishes a low price in hopes of attracting a great number of customers and discouraging comp

etitors?.
Business
1 answer:
Alex Ar [27]2 years ago
5 0

The pricing strategy that establishes a low price in hopes of attracting a great number of customers and discouraging competitors is penetration pricing.

<h3>What is penetration pricing?</h3>

Penetration pricing is a pricing strategy where the sellers of a new product make the price of the good very low with the hopes that it would attract customers to purchase the product.

Penetration pricing increases the market share of the firm but can lead to the firm earning very low levels of profit.

To learn more about penetration pricing, please check: brainly.com/question/3521758

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John, an American executive, learns that a foreign subsidiary hired a 12-year-old orphan girl to work on the factory floor. He k
tino4ka555 [31]

Answer: An ethical dilemma

Explanation:

An ethical dilemma is a situation where an individual is faced with making a decision between two options where if any option is chosen the individual might act against his/her moral principle. Like in the question, John is faced with the option of either complaining about child labor and then the child losses his/her source of income or allowing things to be as they already are.

4 0
3 years ago
Read 2 more answers
Boron company has net sales of $60,000; beginning inventory of $7,000; purchases of $35,000 and ending inventory of $5,000. The
SCORPION-xisa [38]

Net sales for the Boron Company were $60,000, with $7,000 in beginning inventory, $35,000 in purchasing, and $5,000 in ending inventory. $37,000 is the cost of the sold goods.

Cost of Goods Sold is calculated as Beginning Inventory minus Purchases minus Ending Inventory.

$7000+$35000-$5000=$37000

The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution. As a company's gross profit is calculated by subtracting COGS from its revenues, COGS is a crucial financial statement statistic.

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7 0
1 year ago
The value of the surplus that is lost to buyers and sellers but converted into tax revenue may?
frozen [14]

The amount of the surplus that is worthless to buyers and sellers but becomes tax income may be transferred to someone else through public policies, but it is not lost.

More about public policies:

The majority of the time, a government's established policies, laws, and behaviours make up its public policy. Concern over the new structure of government calls attention to how frequently state agencies now carry out these functions rather than the state itself.

By endorsing politicians and political parties, several individuals and organisations attempt to have an impact on public policy through the political process.

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8 0
1 year ago
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,650 pounds of materia
Nuetrik [128]

Answer:

Direct material price variance= $3,720 favorable

Explanation:

<u>To calculate the direct material price variance, we need to use the following formula:</u>

<u></u>

Direct material price variance= (standard price - actual price)*actual quantity

Actual cost= $5.4

Standard cost= $6.2

Actual quantity= 4,650

Direct material price variance= (6.2 - 5.4)*4,650

Direct material price variance=$3,720 favorable

3 0
3 years ago
Annie invested in a set of stocks and made $4,000 in profit. She has learned that she will have to pay taxes on the profit she h
Temka [501]
State tax is 5%, so 0,05
0,05•4000=200$

Federal tax is 25% so 0,25
0,25•4000=1000$

Total of taxes to pay =1000+200=1200$

So the real profit will be
4000-1200=3800$

The real value of Annie's profit is 3800$



8 0
3 years ago
Read 2 more answers
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