The right answer for the question that is being asked and shown above is that: "• market development." Market development comes in when taking existing products or services and selling them in new markets.
Existing product = running shoe designed in 1993.
New Market = present year.
Answer:
Both choose a low price strategy
Explanation:
In simple words a low price strategy can be defined as a pricing policy where a firm pays a comparatively cheap price to fuel competition and win share of the market.
This is part of three standardized marketing techniques (differentiation approach and concentration approachre the other two ) that can be implemented by any organization and used where the commodity has little to no competitive edge or where productivity gains and higher manufacturing volume are feasible.
Answer:
The $30,000 will be posted to the debit side of the Cash account
The $30,000 will be posted to the credit side of the Common Stock account
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
To Common stock A/c $30,000
(Being the cash is invested)
We simply debited the cash account and credited the capital account for $30,000 so that the correct posting can be done. So while preparing the ledger accounts we post the amount to the debit side of the cash account and credit side of the common stock account
Answer:
Relevant costs:
Selling price= 6.50
Delivery= $125
Explanation:
Giving the following information:
The special project would require all 360 kilograms of the raw material that are in stock and that originally cost the company $2,520 in total.
If the company were to buy new supplies of this raw material on the open market, it would cost $7.25 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6.50 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $125 for all 360 kilograms.
The relevant costs are those that affect the decision moving forward. Costs that occurred in the past musn't be taken into account.
Relevant costs:
Selling price= 6.50
Delivery= $125
