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Nutka1998 [239]
3 years ago
5

If Macy's department store managers looked at Dillard's department store prices for identical national brands and, based on that

information, decided to advertise a sale on those products, they would be exercising which pricing method?
Business
1 answer:
Masteriza [31]3 years ago
5 0

Answer:

Competition-based.

Explanation:

Competition-based pricing is a strategy of adopting similar pricing to companies in the same industry. It is a method based on competitive price observation and publicly disclosed information.

This method is not fully effective, although the added benefits of simple implementation, low risk and accuracy, there may be several missed opportunities when adopting the competition-based pricing method. Copying competitors' prices may not be a good solution to maximize profits, it is a short-term solution that may not be aligned with business strategy and the value and perception of consumers about your products and services.

So there are several other variables that influence profitability, and often following a criterion of copying prices is not enough, the ideal is for each company just to orientate itself to the other and establish a pricing that justifies its strategy.

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The table below shows the average income of the U.S. total population over age 25, based on level of education. Drag the differe
abruzzese [7]

The differences in average income are $6,080, $6169, $18,219, and $19,151.

The table below organizes income from the one with the lowest education level to the highest one. Moreover, there is a general trend in which income increases with education.

Now, to find the difference in average income based on education it is necessary to subtract the income of a lower level to the income of the next educational level.

Less than Highschool vs. High school graduate:

  • $31,956 - $25,876 = $6,080

High school graduate vs. some college or Associate's degree:

  • $38,125 - 31,956 = $6169

Some college or Associate's degree vs. Bachelor's degree:

  • $56,344 - $38,125 = $18,219

Bachelor's degree vs Profession or Doctorate degree:

  • $75,495 - $56,344 = $19,151

Learn more about mathematics in: brainly.com/question/12083755

4 0
2 years ago
The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used $45,000 Direct lab
Nadusha1986 [10]

Answer:

Tthe cost of goods manufactured is c. $122,000

Explanation:

The cost of goods manufactured = The beginning of work in process + Cost of materials used + Direct labor costs + Factory overhead - The ending of work in process.

Gunner Manufacturing has the financial records: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000.

Therefore,

The cost of goods manufactured = $18,000 + $45,000 + $48,000 + $39,000 - $28,000 = $122,000

8 0
3 years ago
Mark each statement if it correctly describes facts about China during the Sui dynasty.
Gemiola [76]
The correct answer for the question that is being presented above is this one: E. One reason that Chinese peasants were ready to rebel is that the emperor had used them as forced labor to achieve his goals. <span>B. The Sui dynasty reunited China in the sixth and seventh centuries by combining existing laws into a single legal code. </span>
7 0
4 years ago
The more information an entrepreneur acquires during the process of _____, the higher the chance that his or her predictions wil
Mashutka [201]

The more information an entrepreneur acquires during the process of feasibility analysis, the higher the chance that his or her predictions will be close to the mark, risk will be reduced, and uncertainty managed.

<h3><u>Explanation:</u></h3>

The study or examination about the extent to which the proposed idea will be practical and can be achieved at an economic manner refers to the feasibility study. In business it is very essential to decide whether to take up a project or not. It also helps in narrowing the project and plan accordingly.

It also helps in making predictions about whether the expected results can be attained from a particular idea or a project. Thus during the feasibility study the entrepreneur must obtain as much information as possible as it helps him in the evaluation of risks, uncertainties and other related things.

7 0
3 years ago
During the month of March, Munster Company’s employees earned wages of $64,000. Withholdings related to these wages were $4,896
Brrunno [24]

Answer:

A. Debit to salaries and wages expense for 64,000

Credit to FICA taxes payable for 4,896

Credit to Federal Income Tax Payable for 7,500

Credit to State Income Tax Payable for 3,100

Credit to Union Dues Payable for 400

Credit to Salaries and Wages Payable for 48,104

B. Debit to payroll tax expense for 5,596

Credit to FICA tax payable for 4,896

Credit to State Unemployment for 700

6 0
3 years ago
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