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2 years ago

Price is important to managers

1 answer:

7 0

Price is important to managers because it has a substantial effect on a company's profitability and sustainability.

<h3>Why is pricing important?</h3>

The importance of pricing is traced to the fact that defines the value or worth of a product and the number of customers that demand the product.

For the consumer of products, price is a key factor that determines purchase decisions.

Thus, price is important to managers because it has a substantial effect on a company's profitability and sustainability.

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<h3>Question Completion:</h3>

Why is price important to managers?

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Barbara Smith is an employee of Allied Manufacturing Company. She has an 8-hr workday and each day is paid $0.60 for each unit p

MariettaO [177]

Answer:

$309

Explanation:

The computation of the gross earning for the week is as follows:

Given that

Payment of $7.15 × 8 = $57.2 or payment of each unit produced whichever is greater

On monday

= 90 units × $0.60

= $54

But the greater is $57.2

On tuesday

= 114 units × $0.60

= $68.4

On Wednesday

= 82 units × $0.60

= $49.20

But the greater is $57.2

On thursday

= 112 units × $0.60

= $67.20

On friday

= 98 units × $0.60

= $58.80

Now the earnings for the last week is

= $57.20 + $68.4 + $57.20 + $67.20 + $58.80

= $308.80

= $309

8 0

3 years ago

Deep earth extraction inc. operates a facility near estuary bay. discharging waste from the facility into the bay can result in:

icang [17]

Discharging waste from the facility into the bay can result in a. <u>penalties </u><u>and damages</u>.

Many companies are known to discharge their wastes in an estuary bay. Such companies are subjected to heavy penalties by the government and also as there are aquatic organisms in a bay, the toxic compounds from the water can cause damaging results to the bay ecosystem.

Hence, companies such as Deep earth extraction inc, they discharge waste in the bay, and there are penalties and damages that they have to afford due to the risk they had caused to the bay. All companies should make sure to have a proper disposal system where other life forms and the earth is not damaged by the toxic wastes.

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8 0

1 year ago

Gdp is $8 trillion. if consumption is $5 trillion, investment is $1 trillion, and government purchases are $2 trillion, then:___

Sedaia [141]

Exports are equal to imports when Gdp is $8 trillion. if consumption is $5 trillion, investment is $1 trillion, and government purchases are $2 trillion

Given -

Gross Domestic Product = $8 trillion

Consumption Spending = $5 trillion

Investment Spending = $1 trillion

Government Purchases = $2 trillion

The GDP is calculated as follows -

Gross Domestic Product = Consumption + Investment + Government Purchases + Net Exports

Since other components are given, net exports can be calculated.

Net Exports = Gross Domestic Product - Consumption - Investment - Government Purchases

Net Exports = 8 - 5 - 1 - 2

Net Exports = 0

Therefore, Exports are equal to Imports

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4 0

2 years ago

When applying the general accounting equation, if total liabilities increased by $5,000, then (select the BEST and MOST COMPLETE

lyudmila [28]

Answer:

Assets must have increased by $5,000, or stockholders' equity must have decreased by $5,000

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity.

This may be expressed mathematically as

Assets = Liabilities + Equity

As such, an increase in total liabilities by $5,000 from the options given means that assets must have increased by $5,000, or stockholders' equity must have decreased by $5,000, this way, the accounting equation stays true.

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3 years ago

Five workers from the machining department are brainstorming ideas to reduce waste. their ideas will be presented to their super

sattari [20]

The five workers comprised a self managed or self organized team in which this describes a small group or a group of people which are employees that discusses a plan in which is about activities or duties that they ought to do. Which is being done without any guidance of any higher authority. It is being described above for the group of employee has decided to discuss about their issue without the help of their supervisor.

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3 years ago