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Anna11 [10]
2 years ago
10

When there is low competition, firms can use a price strategy to recover research and development costs and make as much profit

as possible.
Business
1 answer:
aliina [53]2 years ago
7 0

When a market is experiencing low competition, firms can recover research and development costs by using a skimming price strategy.

<h3>What is a skimming price strategy?</h3>

This refers to when companies sell goods at a high price because there isn't much competition.

As other suppliers enter the market and the competition increases, the companies will then reduce their prices.

Find out more on skimming prices at brainly.com/question/14228569

#SPJ1

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Jefferson Tech Corp., a technology firm, has an internal search engine that helps employees find answers to queries. The search
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Answer:

processing costs

Explanation:

Based on the information provided within the question it can be said that the cost incurred by Jefferson Tech Corp. is an example of processing costs. This term refers to the direct costs allocated to tools that allow the company to continue it's operations in an efficient manner. Therefore maintenance of the data management system (which is essential) are considered as processing costs.

7 0
3 years ago
Sales-Related Transactions, Including the Use of Credit Cards Journalize the entries for the following transactions: (If an amou
lakkis [162]

Answer:

Journal entries

Explanation:

a. Cash $25,000

            To Sales $25,000

(Being the sale is recorded)

Costs of Goods Sold $17,500

          To  Inventory $17,500

(Being the cost is recorded)

B.  Accounts Receivable $98,000

             To  Sales $98,000

(Being the sales is recorded)

Costs of Goods Sold $58,800

           To inventory $58,800

(Being the cost is recorded)

C.   Accounts Receivable $475,000

             To  Sales $475,000

(Being the sales is recorded)

Costs of Goods Sold $280,000

           To inventory $280,000

(Being the cost is recorded)

D.  Accounts Receivable $63,000

             To  Sales $63,000

(Being the sales is recorded)

Costs of Goods Sold $39,000

           To inventory $39,000

(Being the cost is recorded)

E.  Cash $524,550

    Credit card Expense $13,450

               To Accounts Receivable $538,000

(Being the cash is recorded)

 Sales $661,000

            To Income Summary $661,000

(Being the closing is recorded)

Income summary $408,750

         To Costs of Goods Sold $ 395,300

          To Credit Card Expense $ 13,450

(Being the credit card expense and the cost of goods sold closing is recorded)

Income Summary $252,250

   To  Retained Earnings $252,250                

(Being the transfer is recorded)

5 0
3 years ago
Which of the following is NOT correct about causal regression analysis of the form Y = f(X)? A. Selection of the appropriate cau
Law Incorporation [45]

Answer:

A. Selection of the appropriate causal variable Y is important

Explanation:

We have this function, Y = f(X).

From this function we can see that Y is dependent on X. That is, it is a function of X. Y is not a causal variable. A causal variable is a variable that is able to influence the variable of interest. From this question Y is the variable of interest. It is the dependent variable. The independent variable is X and it is the causal variable.

Therefore the incorrect one is Selection of the appropriate causal variable Y is important

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3 years ago
The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound for butter they su
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Answer:

1. Equilibrium price ,p = $1.20 per pound, equilibrium quantity = 95 million pounds.

2. Surplus = 0

Explanation:

1. From the question,

the equilibrium price = 1.20

The equilibrium quantity = 95 million per pounds.

Equilibrium is gotten when Quantity supplied = quantity demanded.

2. When price floor == $1.00

Quantity demanded = 101

Quantity supplied = 79

Monthly surplus = 79 - 101 = -22

Quantity demanded > quantity surplus.

This implies that there is no surplus.

Surplus = 0

3. If a decrease in cost of feeding cows shift supply by 40 million we will have new supply schedule =

New qs = Qs + 40

63+40 = 103

71+40= 111

79+40 = 119

87+40= 127

95 + 40 = 135

103 + 40 = 143

111+40 = 151

119 + 40 = 159

127 + 40 = 167

135 + 40 = 175

143 + 40 = 183

4 0
3 years ago
Which situation would MOST LIKELY result in an increase in quantity demanded?
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3 years ago
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