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2 years ago

2. Explain the four characteristics of the price system.

Business

1 answer:

goblinko [34]2 years ago

5 0

Answer:

1-The four characteristics of the price system are that it is neutral, market driven, flexible, and efficient. It is neutral because prices do not favor the producer or the consumer because the they both make choices that determine the equilibrium price.

2-Why is the price system an efficient allocator of economic resources? Prices are neutral, which means they are equally fair to both consumers and producers. They are flexible which means they can adapt to changing economic conditions. Prices are familiar which means that everyone understands how they work.

3-how do prices serve as signals and incentives to producers to leave a particular market? it showed that when a strong competitor offers similar products for lower prices other producers must also lower their prices. Less efficient companies were driven from the market.

4-demonstrates the effects of competitive pricing because it shows how the company strategically lured customers away from rival producers while still making the highest profit.

Explanation:

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The marketing mix elements are called ________ because they are the responsibility of the marketing department in an organizatio

Aleonysh [2.5K]

Answer:

controllable factors

Explanation:

The marketing mix elements are called

controllable factors because they are the responsibility of the marketing department in an organization.

It should be noted that the marketing mix elements are are reffered to as controllable factors because the controllable factors are those steps or action that are taken in business to bring about development and to market the business products and services.

These controllable factors could be the price of the product/ services how the product is been promoted as well as places and others.

3 0

2 years ago

Which statement is true regarding Check No. - 409?

kakasveta [241]

What are the statements?

3 0

3 years ago

The Impulse Shopper recently paid an annual dividend of $1.13 per share. The company just announced that it is suspending all di

vivado [14]

Answer:

Stock value today = $1.21

Explanation:

Current Dividend = D ${_0}$ = $1.13

After 5 years that is D ${_6}$ = $0.50

Since expected growth = 0

Therefore

P ${_5}$ = D ${_6}$ / Ke = 0.5/18% = $2.77

Its present value will be $\frac{1}{(1 + 0.18){^5}} X 2.77$ = $1.21

Stock value today = $1.21

5 0

3 years ago

A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when

Afina-wow [57]

Answer:

Present value deposit today = 216,886 (Approx)

Explanation:

Given:

Number of year (n) = 16 years x 4 quarter = 64

Rate of interest (r) = 1.6% = 0.016 / 4 = 0.004

Future value = $280,000

Present value = ?

Computation of present value deposit today:

$Present\ value = \frac{Future\ value}{(1+r)^n}\\\\Present\ value = \frac{280,000}{(1+0.004)^{64}}\\\\Present\ value = \frac{280,000}{1.291}\\\\Present\ value = 216,886.135$

Present value deposit today = 216,886 (Approx)

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3 years ago

When sales exceed production, the net operating income reported under variable costing generally will be:_____.

padilas [110]

When sales exceed production, the net operating income reported under variable costing generally will be <u>greater than the net operating income reported under absorption costing</u>.

Under variable costing, constant manufacturing overhead fee is handled as product cost. If the range of devices produced exceeds the range of gadgets sold, then net operating income under absorption costing will: be extra than net operating earnings underneath variable costing.

Variable costing is a concept used in managerial and cost accounting wherein the fixed production overhead is excluded from the product price of manufacturing. The technique contrasts with absorption costing, in which the fixed manufacturing overhead is allotted to products produced.

Absorption costing, once in a while known as “full costing,” is a managerial accounting technique for taking pictures of all prices associated with manufacturing a selected product. The direct and oblique costs, together with direct substances, direct exertions, leases, and insurance, are accounted for with the aid of the use of this method.

Learn more about Absorption costing here brainly.com/question/26276034

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6 0

1 year ago