Answer:
d. profit oriented, sales oriented, and status quo
Explanation:
Pricing objectives are the philosophies that guides a business in setting prices of products and services for its customers.
Pricing objective is affected by marketing strategy, financial, and product goals.
For easy classification pricing objectives can be classified into profit oriented, sales oriented, and status quo.
Profit oriented objective is driven by the need for the business to turnover a profit. Sales volume may not be a priority so far the price means profit is generated.
Sales oriented objective is concerned mainly with sales volume of the product.
While status quo reflects the normal pricing of the product in the given market.
Management control includes all of the following steps except A: revising budgets.
After strategies are set and plans are created, management’s basic task is to take steps to ensure that these created plans are carried out. This is the vital control function of management. And since management comprises directing the activities of others, a primary part of the control function is making sure other employees do what they are intended to do. Management control is implemented in order to <em>guard against undesirable actions and encourage desirable actions. </em>
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Complete question:
Management control includes all of the following steps except A: revising budgets.
a. Revising budgets.
b. Schedule staffing.
c. Delegate work.
d. Monitor progress.
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Answer:
b. increase; decrease
Explanation:
As the input prices increase, the firms average cost will increase as well, this will make the equilibrium point move as the supply curve will shift to the left.
This movement will met the demand curve at a higher price and therefore, a lower quantity as the consumer demands decreases when the price of a certain good increase and move a portion of his consumption to other goods whch now has a lower opportunity cost.
Answer:
TRUE
Explanation:
It is true that a customs union differs from a free trade area because it allows for removal of barriers to the trade of goods and services among member countries. adoption of a common external trade policy. mobility of factors of production among member countries. harmonization of tax rates of member countries. adoption of a common monetary and fiscal policy among member countries.
A customs union is an agreement between two or more neighboring countries <u>to remove trade barriers,</u> reduce or abolish customs duty.
A customs union comprises a group of countries that agree to:
Abolish tariffs and quotas between member nations <u>to encourage free movement of goods and services.
</u>
<em>In the case of Free Trade Area, what is most likely is a </em><em><u>reduction of tariffs</u></em><em> but in a Customs union, what is certain is a </em><em><u>removal of tariffs</u></em>
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Answer:
Credit
Explanation:
The Common Stock Account is a also known as the stockholder's equity account.
Equity accounts maintain Credit balances with the corresponding Debit entries going to the Cash Received Account when the payment is made for the issued shares.
In the case of Rush Inc's issue of 10 shares at the Market Price of $10, the first entry in the Common Stock account is a Credit entry. Once, the corresponding debit entry will go the Cash Account.