Answer: a non price position
Explanation: In simple words, it refers to a situation in which an organisation differentiates itself in the market on the basis of the quality of their product. The brand image of such organisations is so strong that customers do not care about the high prices they pay.
In the given case, Pool pak specializes their product by having best technologies and high quality.
Thus, we can conclude that the given case depicts non price posityion.
The idea that all successful entrepreneurs persevere through setbacks and failures is the key characteristic that fuels an entrepreneurial discoveries which is illustrated by the idea that many entrepreneurs consider that failure only occurs when one doesn’t try.
<h3>Who is an entrepreneur?</h3>
This means the person that creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship.
The characteristics of successful entrepreneurs are:
- passion for the business
- product/customer focus
- tenacity despite failure
- execution of idea.
Therefore, the idea that all successful entrepreneurs persevere through setbacks and failures is the key characteristic that fuels an entrepreneurial discoveries
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The year that the U.S. Poverty line calculation was developed and began to be used was <u>1964</u>.
<h3>What year was the U.S. poverty line calculation developed?</h3>
In the year 1964, the Council of Economic Advisers (CEA) came up with an amount of $3,000 for the poverty line.
The Council recommended to President Johnson that any family earning below this amount in a year should be considered poor.
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Within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account
Using this formula
Check amount=(Merchandise sold- Merchandise return)- [(Merchandise sold- Merchandise return)× Discount]
Where:
Merchandise sold=$4,000
Merchandise return=$500
Discount=2%
Let plug in the formula
Check amount=($4,000-$500)-[($4,000-$500)×2%]
Check amount=$3,500-($3,500×2%)
Check amount=$3,500-$70
Check amount=$3,430
Inconclusion within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account.
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