Answer:
The correct option is C
Explanation:
Agency is a relationship between two parties whereby one party (agent) agrees to act on behalf of the other party (principal) with respect to third parties. A contract is not required but frequently present. The law of agency is concerned with the rights, duties and liabilities of the parties in an agency relationship.
Differential pricing means charging different prices to different buyers for the same quality and quantity of product. For example, many movie theaters offer discounted tickets for seniors
<h3>What is
pricing?</h3>
Pricing is the process by which a company determines the price at which it will sell its products and services, and it may be part of the company's marketing strategy.
Pricing criteria represent customer or deal characteristics. Price administrators define the pricing criteria that will be used to determine their company's pricing strategy. When you define the pricing segments and pricing strategies, you use the values for the pricing criteria.
It is possible to barter. Buyers must decide whether the utility gained from the exchange is worth the loss of purchasing power. In an open market economy, price represents the value of a good/service among potential purchasers and ensures competition among sellers.
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Answer:
B, High performance work practices
Explanation:
High performance work practices cab be defined as those practices that improve a firm's ability to attract, select, develop, hire as well as retain high performing personnel.
Simply put, high performances work practices can be defined as the ability of a company to attract high performing personnel to itself through selection, hiring, development, etc.
In the case of the question, Steve is doing his best to increase the effieciency of the employees by trainng, hiring, etc to ensure that the employees are high performance; which means the firm productivity will increase.
Cheers
Answer:
The firm collects on its sales in an average of 10 days
Explanation:
if the receivables turnover is 36.5 it means it colect his accounts 36.5 times per year
we can convert this into a days metric:
<em>the days account is outstanding:</em>
365 days per year / we collect 36.5 per year = 10 days to collect an account on average
The acounts are collected every ten days on average.
Answer: $17,000
Explanation:
Labour efficiency variance = Standard rate * (Standard hours - Actual hours )
Standard hours:
= Standard labor-hours allowed per unit * Number of units produced in period
= 3 * 15,000
= 45,000 hours
Labor efficiency variance = 17 * (45,000 - 44,000)
= $17,000 Favorable
<em>Favorable because the standard amount is higher than the actual amount. </em>
