The newest version of a product like Crutchfield headphones is likely to use price skimming, while the new version of Monster Energy is likely to use penetration pricing
<h3>What is
price skimming?</h3>
Price skimming is a pricing strategy that a company can use when launching a new product or service.
Electronic products, such as the Apple iPhone, frequently use a price-cutting strategy during the initial launch period. Then, after competitors launch competing products, such as the Samsung Galaxy, the price of the product drops to maintain the product's competitive advantage.
The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. Skimming is commonly used when a product is new to the market (in its introduction or growth phase) and has few competitors.
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Answer:
None of these answers is correct.
Explanation:
A static budget is also referred to as a fixed budget. A static budget remains constant throughout a period regardless of changes in inputs. A static budget is prepared at the beginning of a period. It is an informed forecast of incomes and production in the coming year.
A flexible budget adjusts to changes in volumes or activity. A flexible budget is prepared using the actual activity level and incomes at the end of a period. A comparison is then made with the actual expenses to evaluate the performance for the year.
The answer should be Perception-Checking
Perception checking is where you check someone's behavior, which is how John found out Ted was having a bad day. (based on Teds behavior)
Answer:
a body of laws and legal principles (kinda like ethics) within a governing body (federal and state agencies). Congress delegates these agencies to make sure they are doing what they are suppose to do, it can create new laws as long as these new laws protects the public interest.
Some of these agencies consist of Federal Trade Commission , Securities and Exchange Commissions, and Environmental Protection Agencies (independent but in direct control of the President).
The Administrative Procedure Act provides the rules and powers these agencies are allowed to act upon.
***hopefully that helps***
Explanation:
Answer:
(a) Taci Company lent the money on September 1:
Debit Notes receivable $88,000
Credit Cash $88,000
<em>(To recognize notes receivable)</em>
(b) On December 1:
Debit Cash $88,880
Credit Notes receivable $88,000
Credit Interest receivable $880
<em>(Collection of notes principal and interest at maturity)</em>
Explanation:
Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.
Interest revenue on the notes is calculated as: Principal x Interest Rate x Time
In this case, the total interest revenue is $88,000 x 4%/12 x 3 months = $880.
Monthly interest revenue is therefore $880 / 3 months = $293.33.