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2 years ago

What pricing strategy could work well in any market, primarily by generating buyer interest?

1 answer:

3 0

Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.

How a change in price impacts consumer demand is assessed using the price elasticity of demand.

A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).

Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).

The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.

You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.

Learn more about price elasticity of demand here.

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3 years ago

Under FICA only, cash tips of more than $100 in a month are defined as taxable wages.

Kazeer [188]

Answer:

Option b: False

Explanation:

FICA is simply known as Federal Insurance Contributions Act. It is the act under which this tax is also deducted from the paycheck.The FICA tax rates and taxable wage bases are exactly the same for employees and employers.

Government uses FICA tax to provide

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3 years ago

Spencer Co. decides to establish a petty cash fund with a beginning balance of $200. The company decides that any purchase under

Dahasolnce [82]

Answer:

b. Debit Petty cash $200 and credit cash $200

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Based on the information given we were told that the Company decided to establish petty cash fund that has a beginning balance of the amount of $200 which means that journal entry to record establishing the account will be:

Dr Petty cash $200

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3 years ago

On December 31, Strike Company traded-in one of its batting cages for another one that has a cost of $500,000. Strike receives a

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Answer:

C. loss of 19,000

Explanation:

Old equipment cost = $215000 - $185000

= $30000

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4 years ago

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umka21 [38]

Answer:

B. Criminal gangs

Explanation:

Cloward and Ohlin are two criminologists who sought to explain the different kind of criminal cultures as it was in their time. The suggested three subcultures which are;

1. Criminal gangs

2. Conflict gangs

3. Retreatist gangs.

In this case, we are concerned with the criminal gangs. The criminal gangs involves organize crime, where youths are being cajoled by criminals into starting their own criminal careers promising wealth and material success. This group is made up of individuals looking for illegal means to make wealth like thieves, mafias and so on.

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3 years ago