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3 years ago

What involves the agreement on the part of multiple corporations to charge a particular price for a good or service?

Business

2 answers:

SashulF [63]3 years ago

8 0

Price fixing. Hope this helps :)

loris [4]3 years ago

3 0

The correct answer is C. Price-fixing

Explanation:

In the economy, price-fixing occurs as different corporations, businesses or manufacturers agree on the price of one specific good or service. This implies the price is somehow fixed as none of the corporations participating can sell the product or service at a higher or lower price. This is common in the case corporations want to sell a product or service at a higher price, which represents a benefit for them; however, in most countries, this is against the law because each corporation needs to set a price based on their product, features, and economic forces. According to this, it is price-fixing the process that involves the agreement on the part of multiple corporations to charge a particular price.

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MG Lighting had sales of 500 units at $100 per unit last year. The marketing manager projects a 15 percent decrease in unit volu

kakasveta [241]

Answer:

The answer is: Projected net sales for this year are $45,254

Explanation:

The current total sales for MG Lighting are $50,000 (= 500 units x $100 per unit).

Next year their products will have a $10 increase (10%), so the unit price will be $110.

Due to the price increase, the number of units sold will decrease by 15%, to a total of 425 units.

MG Lighting total sales will be $46,750. Approximately 3.2% of the total sales will be returned (equivalent to $1,496).

MG Lighting net sales for this year should be $45,254 (= 46,750 - $1,496)

6 0

4 years ago

SHAPE magazine is targeted at young women seeking healthier lifestyles. At a price of $3 per copy, 1.25 million copies are sold.

Lerok [7]

Answer:

A. $ 3,750,000

Explanation:

Given that

At lower price

A copy is $3

Copies sold = 1.25 million

Recall that

Total revenue = Price of good × quantity of goods sold.

That is, the total amount of money a seller obtains by selling goods or/and services to a buyer(s)

Thus

Total revenue at low cost

= 3 × 1.25 million

= 3.75 million

= $3,750,000

3 0

3 years ago

Which of the following statements would need to be documented in a report? a. Damaging winds, common in strong tornadoes, caused

trasher [3.6K]

Answer:

The answer is letter C.

Explanation:

The statement that would need to be documented in a report is The Fujita-Pearson tornado scale rates tornadoes with wind speeds of 261 to 318 miles per hour as F5 storms.

3 0

3 years ago

Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerab

Mekhanik [1.2K]

Answer:

Industrial Analysis.

Explanation:

Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerable time doing research on the profit potential of the industry. The research that Terry was doing is called Industrial analysis.

Industrial Analysis: It is an analysis or function conducted by the owner of business to understand the dynamics and workflow of any specific industry. It help to know the industrial environment to gain the competitve advantage and potential of the business in the industry. Later on the basis of Industrial analysis, SWOT analysis is conducted to know Strength, weakness, opportunity and threats of a company.

5 0

3 years ago

You are considering investing in a security that will pay you $80 in interest at the end of each of the next 10 years. If this s

elena55 [62]

Answer:

the internal rate of return is 6%

Explanation:

The computation of the irr is shown below

Given that

Initial investment = $588.81

And yearly cash flows for the next 10 years is $80

Now for determining the internal rate of return we have to apply the formula

= IRR()

After applying the internal rate of return formula, the internal rate of return is 6%

Hence, the internal rate of return is 6%

7 0

3 years ago