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Lynna [10]
2 years ago
13

Price is important to managers

Business
1 answer:
jek_recluse [69]2 years ago
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.

Learn more about pricing at brainly.com/question/15569228

#SPJ1

<h3>Question Completion:</h3>

Why is price important to managers?

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Goshford Company produces a single product and has capacity to produce 105,000 units per month. Costs to produce its current sal
Salsk061 [2.6K]

Answer:

Net income= $4,836,200

Explanation:

Giving the following information:

Offer:

21,000 units for $77.4

An increase in variable cost= $7.6 per unit

Direct materials $ 12.50 $ 1,050,000

Direct labor 15.00 1,260,000

Variable manufacturing overhead 14.00 1,176,000

Fixed manufacturing overhead 17.50 1,470,000

Variable selling and administrative expenses 14.00 1,176,000

Fixed selling and administrative expenses 13.00 1,092,000

Totals $ 86.00 $ 7,224,000

First, we need to calculate the effect on the income of accepting the offer:

Effect on income= 21,000*77.4 - 21,000*(12.5 + 15 + 14 + 14 + 7.6)

Effect on income= 1,625,400 - 1,325,100

Effect on income= 300,300

Net income= 84,000*140 + 300,300 - 7,224,000

Net income= $4,836,200

6 0
2 years ago
A pencil manufacturer is in a perfectly competitive market. The firm can sell as much as it wants at a price of $1.50 per pencil
Ierofanga [76]

Answer:

d. Continue production in the short run, but exit the business in the long run unless prices are expected to rise or costs to fall..

Explanation:

Currently, their sales revenue less variable cost is positive as it can sale at $1.50 dollars and the variables cost are less than that. Therefore, there are fixed cost thefirm can pay because it produce.

Now, in the long-run when the firm can exit the market it should consider to do so if it continues to get an average cost above the selling price.

3 0
2 years ago
How many references does an employer usually want?
creativ13 [48]
I think at least 3-4





Dudhdhdhdhxhxjc
6 0
3 years ago
Due to an upwelling of public fear, cities across the country pass laws imposing taxes on and implementing inspections of any bu
Alina [70]

Two options are applicable for the given statement

  • Political-legal
  • General environment

Option A and C

Explanation:

Legal restrictions on a business, as well as public activism for those restrictions, are part of the political-legal dimension of a company’s general environment. These laws are part of the general environment in which Camp Bow Wow operates because these laws affect all businesses which could allow one of these dogs to live on their property (e.g. a dog's outdoor seating restaurant), not just Camp Bow Wow.

Heidi notes that Camp Bow Wow wants "a very strong culture," which consists of various elements, both visible and invisible. It is important to consider all aspects of the community when assessing the match between the culture of an entity and the environment.

4 0
3 years ago
Who developed a three-step model for change that included unfreezing, movement, and refreezing?A) John KotterB) David McClelland
ohaa [14]

Answer:

The correct answer is letter "E": Kurt Lewin.

Explanation:

German psychologist and philosopher Kurt Lewin (1890-1947) developed a Change Model involving three steps: <em>Unfreezing, Changing</em>, and <em>Refreezing</em>. It represents a very simple model to understand the change process compared to the psychical matter state of the ice. The model starts by creating the idea in the organization that something must not continue to be the same (<em>unfreezing</em>), then moving towards the new desired behavior (<em>changing</em>) and, finally, solidifying that new behavior as the norm (<em>refreezing</em>).

8 0
3 years ago
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