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Elis [28]
2 years ago
12

Coca-Cola costs the consumer about the same as Pepsi, Dr Pepper, and other soft drinks. The soft drink industry generally follow

s a status quo pricing policy, which means that it _______. a. enables management to recover its product development costs quickly b. discourages or blocks competition from entering a market c. charges a price identical to or very close to the competition's price d. expands production with the use of technological innovations and tools
Business
1 answer:
Alenkinab [10]2 years ago
6 0

Coca-Cola costs the consumer about the same as Pepsi, Dr Pepper, and other soft drinks. The soft drink industry generally follows a status quo pricing policy, which means that: option c, it  charges a price identical to or very close to the competition's price.

<h3>What does the term status quo mean?</h3>

This is a term that has to do with the current state of affairs or the way that things may seem at the moment.

From the definition that we have here, it can be said that Coca cola is charging at the current state that similar products are charging.

Raed more on cost methods here:

brainly.com/question/329739

#SPJ1

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A difference between explicit and implicit costs is that a) explicit costs must be greater than implicit costs. b) explicit cost
Andrej [43]

Answer:

Implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do.

Explanation:

Rent, salary, and other operating expenses are considered explicit costs. They are all recorded within a firm's financial statements, meaning they are present and clearly shown or reported as a separate cost. The main difference between the two types of costs is that implicit costs are opportunity costs, meaning that it is present but it is not initially shown or reported as a separate cost, while explicit costs are expenses paid with a company's own tangible assets. In other words, explicit costs are always shown, implicit costs are not, at least initially, exactly like the meaning words suggest.

8 0
3 years ago
Why is using money as a medium of exchange preferable to bartering?
Y_Kistochka [10]

Answer:

Money as a medium of exchange is more preferable because of its less cumbersome nature.

Explanation:

Money as a medium of exchange is more suitable because of its less cumbersome nature. Money was invented because of the inefficient nature of the barter system.

Money is easily stored compared to a barter system.

Money as a medium of exchange eliminates the barter system's problem of double coincidence of wants. Barter works when you trade things you own for things you want. If for example you want a bicycle and you own a goat, you have to look for someone who wants a goat and owns a bicycle willing to make an exchange, which can be quite difficult.

Money is an acceptable medium of exchange to all parties which makes it more preferable to bartering.

8 0
3 years ago
What do you understand by the term problem? Discuss<br>plz answer it fast!
Dafna11 [192]
An issue disturbing the continuation of an activity
4 0
3 years ago
Brand 123 has customers in many countries purchasing its bicycles, but its managers are unsure if the brand is truly a "global b
Inga [223]

Answer: d. 30%

Explanation:

Global brands are companies that have achieved international success such that they are recognised in many other countries apart from their own and have many customers in other countries as well.

However, simply being known abroad does not classify a company as a global brand. The company must be generating sufficient revenue from their operations outside as a proportion of their total revenue their home country with sufficient meaning at least 30% of their revenue.

6 0
3 years ago
A company has fixed costs of $94,050. Its contribution margin ratio is 33% and the product sells for $69 per unit. What is the c
Natali5045456 [20]

,Answer:  $285,000

Explanation:

The Contribution margin of a product refers to its selling price less that of the variable costs incurred to make and sell the good.

It can be used to calculate the breakeven point in sales along with the fixed costs.

To calculate a company's break-even point in dollar sales, the formula is:

= Fixed costs / Contribution margin ratio

= 94,050 / 33%

= $285,000

8 0
2 years ago
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