Answer:
b. assure current users they made the correct choice in choosing the product.
Explanation:
- The advertising that assured the purchasing party to be reassured and tells them they have done have the right thing by buying the brand or product and also explains how to get the best results from that product along with the most satisfaction. Its purpose is to maintain a market share.
- An example of this could be the automobile industry that provides the information regarding the warranty, and uniqueness and brand value. <u>Just to have a positive reinforcement and develop a conditioning towards that product or brand.</u>
There are different aspects of demand curves. The answers is below;
- A cure for lung cancer is found: The demand curve, in this scenario, will shift to the right along as the cure for lung cancer is found which will also increase or move right.
- The price of cigars will also increases and the demand increases while the curve moves to the right
- Wages will also increase in states that grow tobacco, while the supply will decreases and the curve will moves left.
- A fertilizer that increases the yield per acre of tobacco is discovered, this will make supply increases and the curve moves to the right.
- There is a sharp increase in price of matches, lighters, and lighter fluid, This will make the demand decreases and the curve to go left.
- More states pass laws restricting smoking in restaurants and public places, this will make demand decreases and the curve to go left.
<h3 /><h3>Demand curve
</h3>
The demand curve is known as a curve that helps to give all the possible combinations of the price and quantity demanded of a product or service at a given time and in a graphically manner.
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Answer:
In the following situation:
Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000.
The Jacob's contribution per unit is:
e) 80
Explanation:
To understand this answer we need to explain a few things. First of all, te contribution unit concept is used to express, identify, or define the net profit after one unit has been sold and all the expenses have been subtracted from it. The formula to obtain it is: (Total revenues- Total Variable costs) divided by total units. Following this information we have.
Total revenue is: 100 USD per night
Total variable costs are: 20 USD per night
Total units are only one.
Therefore 80 USD is our contribution per unit.
Answer:
b. One advantage to forming a corporation is that the owners of the firm have limited liability.
Explanation:
Every equity shareholder has this advantage that he cannot be called off, in case of any liability in the company, as the company stands liable and not the shareholder, whereas in partnership or proprietorship even all the partners can be called off to meet the liability personally, in case of any failure from the firm.
Though firms have tax advantage, but this is the disadvantage to the firm that the liabilities are unlimited.
<span>In an effort to determine that demand for sunglasses we undertook an exhaustive study of two hundred people along with the types of glasses and the most preferable price points that each group, and subgroup were looking for. Out of 200 people we came up with 14 different price points, ranging from 9.95 all the way up to two 249.00 dollars. We also took into consideration the time of year, it was spring. Also we developed a demand curve based on the time of year and a any new styles that might become popular and developed a formula for refining any demand considerations.</span>