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4 years ago

The strategy of convincing a customer to buy a higher-priced item than he or she had originally intended is called

1 answer:

5 0

It's called an upselling

It's a common technique that a salesman/ marketing team use to increase profit with promise that the customer will get a better product or service

The example of an upselling is when you want to buy a cheap house, but the salesman manage to convinced you that buying another expensive house is good for your investment, and you buy the expensive one instead.

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4. what is the fallacy of the "product cost concept"? what did alex do to obtain more orders?

Tanzania [10]

<span>What is the fallacy of the "product cost concept"? The fallacy of the "product cost </span>concept" refers to the excess capacity and in this situation the only cost that matters is the material cost. Product costs refers to the costs of making the product, materials to make the product are important and the main part of product cost.

3 0

3 years ago

A production-possibilities curve indicates the: a. Combinations of goods and services an economy is actually producing. b. Maxim

zepelin [54]

Answer:

B - Maximum combinations of goods and services an economy can produce given its available resources and technology

Explanation:

The production possibilities curve shows all possible combinations of goods and services an economy can produce given its available resources and technology.

The production possibilities curve shows the economy's potential. Any point outside the PPC represents an unattainable combination as that level of production is not possible in the economy with the current technology and a point inside the PPC represents inefficient utilization of resources.

4 0

3 years ago

Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue Sea Company for the most recent year using the amounts de

ehidna [41]

Answer:

Calculate the cost of goods manufactured.

$243,800

Explanation:

manufacturing overhead = indirect labor ($46,000) + insurance of plant ($8,000) + depreciation of machines and equipment ($12,700) + repairs and maintenance ($4,100) = $70,800

Beginning raw materials = $27,000

+ Purchases of raw materials = $79,000

- Ending raw materials inventory = -$31,000

= Direct materials used in production = $75,000

+ Direct labor = $83,000

+ Manufacturing overhead = $70,800

= Total manufacturing costs = $228,800

+ Beginning work in process = $43,000

- Ending work in process = -$28,000

= Cost of goods manufactured = $243,800

5 0

4 years ago

Paul's Landscaping purchased $500 of office supplies on credit. The company's policy is to initially record prepaid and unearned

lbvjy [14]

Answer:

C) Debit Office supplies, $500; credit Accounts payable, $500

Explanation:

The journal entry is as follows:

Office supplies A/c Dr $500

To Account payable A/c $500

(Being the office supplies are purchase on credit is recorded)

Since the office supplies are purchased so we debited the office supplies that increase the assets and credited the account payable as it purchase on credit basis plus the liabilities are also increased

3 0

4 years ago

Martha's current marginal utility from consuming orange juice is 75 utils per ounce and her marginal utility from consuming coff

vekshin1

Answer:

The two are not equal and not maximizing her utility.
Martha should more on orange juice and less on coffee

Explanation:

Martha's currently receiving 75 utils per ounce

orange juice costs 25 cents per ounce = $0.25 per ounce

then 75 utils per ounce/ $0.25 per ounce = $300 utils from her last dollar spending on the orange juice though only 50 utils per ounce /$0.20 per ounce = $ 250 utils per dollar from her last dollar exhausted on coffee

The two are not equal and not maximizing her utility.
Martha should more on orange juice and less on coffee.

7 0

3 years ago

Read 2 more answers