A retrenchment strategy <span>is another term for a defensive strategy.
</span>Companies use the retrenchment strategy with the goal to reduce the diversity or the overall size of the operations of the company and by doing so to cut expenses and reach to a more stable financial position.
<span>This strategy will revitalize the organizational resources.</span>
Answer: c. Bait and switch
Explanation:
The illegal pricing practiced in the above scenario is referred to as bait and switch. Bait and switch is a sales tactic whereby businesses or companies claims they've certain products which are usually of low prices or quality in order to lure customers to them and when the customers arrive, they usually tell the customers that the goods are not available and tell them to buy an identical good which is costlier.
This is the method used by the hardware store that advertises a 3/8" Black and Decker Power Drill for $29.95 and when the customer gets to the store, it was unavailable and the customer was told to buy Model 3309, which sells for $49.99.
Answer:
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
Explanation:
The equation is:
Qd = 30 - 3p
Qs = 10 + 5p
At equilibrium, Quantity demanded equals quantity supplied
Equate Qd = Qs to find equilibrium price
30 - 3p = 10 + 5p
30 - 10 = 5p + 3p
20 = 8p
p = 20/8
P = 2.5
Substitute equilibrium price into Qd and Qs equation to find equilibrium Quantity
Qd = 30 - 3p
= 30 - 3(2.5)
= 30 - 7.5
= 22.5
Qs = 10 + 5p
= 10 + 5(2.5)
= 10 + 12.5
= 22.5
Therefore,
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
Answer:
$ 491.1
Explanation:
Net pay is the take home pay salary. it is calculated by subtracting all deduction from the gross pay
Total deductions =$55.90 +$85 + $20.44 + $0, +$47.59
Total deductions = 208.84
Net pay = Total sales - taxes
=$700 - $208.84
=$ 491.36
<u>Answer:</u>
<em>Break even point is calculated by dividing Fixed cost by ( Price per unit- variable cost).</em>
<u>Explanation:</u>
The <em>break even point</em> is equivalent to the all out fixed costs partitioned by the contrast between the unit cost and variable expenses. The denominator of the condition, value short factor costs, is known as the <em>commitment edge</em>.
After <em>unit variable</em> expenses are deducted from the value, anything that remains—??? the commitment edge—? is accessible to pay the <em>organization's fixed expenses.</em>
