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2 years ago

If firms in the travel industry compete through nonprice competition, these statements are all true except which one?

1 answer:

3 0

The statements about nonprice competition that is false is a) Companies that use nonprice competition do not need to keep track of their competitor's prices.

<h3>What is nonprice competition?</h3>

It should be noted that the is not complete, this is just a related question, Non-price competition can be regarded as a marketing strategy whereby firm tries to distinguish the product or service of their company from competing products .

In this case, in Non-price competition, company must be able to distinguish its brand through some unique feature in order to successfully engage in nonprice competition.

Learn more about nonprice competition on:

brainly.com/question/1580879

#SPJ1

CHECK THE COMPLETE QUESTION;

Which of the following statements about nonprice competition is false?

a) Companies that use nonprice competition do not need to keep track of their competitor's prices.

b) A company must be able to distinguish its brand through some unique feature in order to successfully engage in nonprice competition.

c) A firm using nonprice competition can build loyalty to both its company and its products.

d) When using nonprice competition, a company should promote the distinguishing characteristics of its brand.

e) Buyers must view the distinguishing characteristics of a product offered through nonprice competition as being important.

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Bill Buckely has split-limit 50/100/20 automobile liability insurance on his 2012 Subaru. Driving home from work in a snowst

iren2701 [21]

Answer: The answer is given below

Explanation:

It should be noted that the split limits approach is used by several auto insurance policies and this simply combines per person and occurrence approach.

For every accident, three dollars amount are being applied. The first limit is simply a per person limit which is the maximum amount that one injured person will get. The second limit is simply the per occurrence limit which is the maximum amount that all the injured persons will get while the third limit applies during the claim of property damage as it is the maximum amount that will be paid for damages by an insurer to property that results from the accident.

since the split is 50/100/20, it implies that $50,000 medical coverage for every injured person, $100,000 injury coverage for all accident victims and then $20,000 for property damage.

1. Bill's insurance company will pay $20000.

2. Amount Bill will pay:

= $17,603 + $3,136 + $9,659 - $20,000

= $30,398 - $20,000

= $10,398

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3 years ago

A _______ is a piece of data that's sent to the browser along with an HTML page when someone visits a site. It allows the websit

Anna007 [38]

The answer would be widget

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3 years ago

Read 2 more answers

Kareem owns a pickup truck that he uses exclusively in his business. The adjusted basis is $22,000, and the fair market value is

Novosadov [1.4K]

Answer:

The "Kareem" realized loss on the exchange is $8000.

Explanation:

The adjusted basis is = $22000

"Fair market value" is = $14000

"Kareem" exchanges the truck for another truck = worth $14000

"Realized gain" or "Realized loss = basis in the truck - exchange value

Realized gain or loss = $22000 - $14000

Realized gain or loss = $8000

Kareem's loss on the exchange is $8000.

There is no "recognized gain" or "recognized loss" because the exchange is like a kind exchange which is not documented.

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4 years ago

Swifty snowboards converts regulat snowboards by adding outriggers and seats so that people who use wheel chairs can snowboard.

Sindrei [870]

Answer:

A. 563 snowboards

B. $120

C. Incremental Profit:$32,000

Explanation:

Volume to meet target profit = (Target Profit + Fixed Cost) / Contribution per unit

Calculation of Contribution per unit

Revenue $150,000

Less Variable Costs ;

Variable production costs ($60,000)

Variable selling and administration ($10,000)

Contribution $80,000

Contribution per unit = $80,000 / 500 snowboards

= $160

Volume to meet target profit = ($30,000 + $25,000 + $35,000) / $160

= 562.50 or 563 snowboards

For the Additional Snowboats,Snowbird's managers are willing to pay a price close to cost of making the regular snowboards internally.

Cost of Making :

Variable production costs ($60,000 / 500) = $120

Total Cost = $120

Therefore, Snowbird's managers are willing to pay $120

For Incremental Profit or Loss, prepare a differential analysis for the additional 200 snowboards.

Differential analysis for the additional 200 snowboards

Sales (200 snowboards × $300) $60,000

Less Incremental Production Costs ( 200 × $120) ($24,000)

Less Incremental selling and administration (200 × $20) ($4,000)

Incremental Profit $32,000

3 0

3 years ago

The _______ view primarily focuses on the ______ in a SWOT analysis. a. Resource-based, OT b. Industry-based, SW c. Industry-bas

Sati [7]

Answer:

c. Industry-based, OT

Explanation:

SWOT analysis is used by businesses to identify areas of weakness and look for ways to optimise them to meet business goals.

SWOT means

S- Strength

W- Weakness

O- Opportunity

T- Threat

So the industry-based view is more interested in Opportunities and Threats using the SWOT analysis.

8 0

4 years ago