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ankoles [38]
2 years ago
12

Complete the following table by indicating whether each of the scenarios describes the concept of tying, resale price maintenanc

e, or predatory pricing.
scenario tying resale price maintenance predatory pricing

heat-em-up is the only firm producing grills. it costs $430 to produce a grill, and heat-em-up sells each grill for $950. after well done, a new firm with the same costs as heat-em-up, enters the market for grills, heat-em-up starts selling its grills for a price of $330.

televix is a firm that produces televisions. suppose televix sells its televisions to retail stores for $810 each and requires those retailers to charge customers at least $840 for each television.

book bound sells a wide variety of books to retail bookstores. book bound recently published two new books: a popular mystery novel and a much less popular history book. book bound requires bookstores to buy 15 copies of the history book for every 120 copies of the mystery novel ordered.

true or false?:

by bundling the two books together, book bound can force bookstores to pay more than they would be
Business
1 answer:
Ira Lisetskai [31]2 years ago
8 0

Completing the table by indicating whether each of the scenarios describes the concept of tying, resale price maintenance, or predatory pricing is as follows:

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

When prices are set very low to eliminate the competition, it is described as predatory pricing.

For example, in scenario 1, Heat-em-up engages in predatory pricing when it lowers its price for a grill to $330 from $950.

<h3>What is resale price maintenance?</h3>

Resale price maintenance involves an agreement between the producer and the retailer that retail prices should not be set below a set amount.

For example, in scenario 2, Televix engages in resale price maintenance when it requires its retailers to charge customers at least $840.

<h3>What is tying?</h3>

Tying is an arrangement that ensures a retailer purchases two or more products from a manufacturer when they want to purchase some other goods.

For instance, in scenario 3, Book Bound engages retail bookstores in tying or bundling as it requires them to buy 15 copies of the history book for every 120 copies of the mystery novel ordered.

Thus, it is true that by product bundling the two books together, Book Bound can force bookstores to pay more than they would have paid had they purchased only the history books.

Learn more about tying, resale price maintenance, or predatory pricing at brainly.com/question/13057117 and brainly.com/question/15004897

#SPJ1

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Which statement would not be a way for the government to reduce the national debt?
Anastasy [175]

Answer:

Increasing government spending in the form of infrastructure and  welfare

Explanation:

In order to reduce the national debt, the government need to take a conscious measure to use the government budget as little as possible.

Investment in infrastructures (such as military bases,. building new roads or parks) and government programs (such as expensive healthcare or government funded jobs) tend to take a large amount from the government budget. This will most likely resulted in the increase of national debt.

7 0
3 years ago
If actual overhead is greater than applied manufacturing overhead, then manufacturing overhead is: Select one:
raketka [301]

Answer:

a. under applied.

Explanation:

For computing, whether it is under applied or over applied first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

Now we have to find the applied overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

So, the ending overhead equals to

= Actual manufacturing overhead - applied overhead

= under-applied  

If actual overhead is more than the applied overhead

3 0
3 years ago
W
Alexxandr [17]

Answer:

a).

  • Labor hours productivity=3.500
  • Multi-factor productivity=2.423

b). The reduction in labor hours per employee per week to achieve this goal=15.735 hours

c). The maximum value that the overhead costs per week can be to ensure the multi-factor productivity is at least 1.257=$21,059.666

Explanation:

a).

  • <em>Step 1: Determine the labor hours productivity</em>

Labor output per week=potential leads×fee

where;

potential leads=5% of potential leads, and potential leads=3,000

potential leads=5%×3,000

potential leads=(5/100)×3,000=150

one-time fee=$70

replacing;

Labor output per week=70×150=$10,500

Labor input per week=cost per hour per employee×number of employees×number of hours worked

where;

cost per hour per employee=$25

number of employees=3

number of hours worked=40

replacing;

Labor input per week=25×3×40=$3,000

Labor hours productivity=labor output per week/labor input per week

Labor hours productivity=10,500/3,000=3.500

  • <em>Step 2: Determine the multi-factor productivity</em>

Multi-factor productivity=Generated fees/(labor cost+material cost+overhead cost)

where;

generated fees=number of employees×potential leads×potential ratio×fee

number of employees=3, potential leads=3,000, potential ratio=5%=5/100=0.05, fee=$70

generated fees=3×3,000×0.05×70=$31,500

Labor cost=$3,000

Material cost=$1,000

Overhead cost=$9,000

Total cost=3,000+1,000+9,000=$13,000

replacing;

Multi-factor productivity=31,500/13,000=2.423

b). Increasing the multi-factor productivity (MP) by 10%

New MP=(110/100)×2.423=2.665

New MP=generated fees/labor cost+material cost+overhead cost

labor cost=cost per hour per employee×number of employees×number of hours worked

where;

cost per hour per employee=$25

number of employees=3

number of hours worked=h

labor cost=25×3×h=75 h

material cost=$1,000

overhead cost=$9,000

generated fees=$31,500

New MP=2.665

replacing;

2.665=31,500/{(75 h)+(1,000)+(9,000)}

2.665=31,500/75 h+10,000

2.665(75 h+10,000)=31,500

199.875 h+26,650=31,500

199.875 h=31,500-26,650

199.875 h=4,850

h=4,850/199.875

h=24.265

New labor hours=24.265 hours per week

Initial labor hours=40 hours per week

Reduction in labor hours=Initial labor hours-new labor hours

Reduction in labor hours=(40-24.265)=15.735

The reduction in labor hours per employee per week to achieve this goal=15.735 hours

c). Using a multi-factor of 1.257

MP=generated fees/labor cost+material cost+overhead cost

where;

MP=1.257

generated fees=$31,500

Labor cost=$3,000

Material cost=$1,000

Overhead cost=c

replacing;

1.257=31,500/(c+3,000+1,000)

1.257=31,500/c+4,000

1.257(c+4,000)=31,500

1.257 c+5,028=31,500

1.257 c=31,500-5,028

1.257 c=26,472

c=26,472/1.257=21,059.666

The maximum value that the overhead costs per week can be to ensure the multi-factor productivity is at least 1.257=$21,059.666

8 0
3 years ago
The Mallak Company produced three joint products at a joint cost of $128,000. Two of these products were processed further. Prod
poizon [28]

Answer: $61667

Explanation:

For product P

Sales = $269,500

Less: Additional processing cost = $214,000

Net realizable value = $55500

For product Q

Sales = $44,000

Less: Additional processing cost = $0

Net realizable value = $44000

For product R

Sales = $206,500

Less: Additional processing cost = $114,000

Net realizable value = $92500

Total net realizable value = $55500 + $44000 + $92500

= $192000

The cost allocated to product R will be:

= 128000 × 92500/192000

= $61667

8 0
3 years ago
Economists refer to the necessity of holding all variables other than price constant in constructing a demand curve as the A. su
Andru [333]

Answer:

D. ceteris paribus condition

Explanation:

The Latin words “Ceteris paribus”, means “all other things remain the same”. It is an assumption usually included when by economists when stating laws or concepts such as demand and supply. Because, actually in the real word, it is feasible to eliminate other variables that might influence an outcome, aside the variables under study.  So therefore, we assume all other variables remain constant, when stating the relationship between two variables. For example, when constructing a demand curve showing the relationship between price and quantity demanded, we assume that all other variables that can influence demand other than price, remain the same, which in reality might be difficult to isolate.

4 0
3 years ago
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