Answer:
Debit to sales discounts for $100
Explanation:
Please see journal entry to record the sales below;
a. Dr accounts receivable $5,00
To sales revenue account $5,000
(Being merchandise that is sold on credit basis)
Suppose payment is made within 10 days, the journal entry will be;
Dr Cash account $4,900
Sales discount account $100
(5,000 × 2%)
To accounts receivable $5,000
(Being cash that is received)
Answer:
The correct answer is A
Explanation:
Market research is the research which is a scientific study and it is performed in order to collect the important market information, enable the business to make the right decisions.
The collection of the data in the marketing research is defined as the detailed as well as informative procedure, in which the planned search for the all the relevant data that is made by the researcher.
So, the categories which are used for the data that marketing researchers usually collect are behavior, attitudes and intentions.
Answer:
different or superior
Explanation:
Product, service or brand differentiation includes the change of the named offerings to become different to those of competitors. This is done to tackle the customer need for a diverse offering in the market, as creating the same product or services does not improve the market holistically. Differentiated service/products do not necessarily have to be higher quality or superior to the existing products made by competitors.
Value Pricing policy is honda using.
This is an example of " Value Pricing" since value pricing is based on the "Value" that the product creates in the minds of the customer.
Explanation of why others are not selected.
1. CUmulative quantity discount is offered for customers who purchase several items at once which is not the case
2. Bundle pricing is offred for the customer who purchases all the goods at once which is not the case.
3. Introductory pricing involves pricing low at the time of introducing a new model to gain market penetration which is also not the case
Value pricing is customer-oriented pricing. H. Companies set prices based on how much customers believe in the value of their products. Value-based pricing differs from "cost plus" pricing, which includes production costs in the price calculation.
Learn more about Value Pricing here: brainly.com/question/7459025
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Answer:
<h2>Request for Proposals(RFPs)</h2>
a) Reasons for government agencies and other firms to use request for proposal:
1. The proposal involves a complex project.
2. The project requires detailed technical information.
3. Hard data is required for analysis and comparison.
4. There is need for objective comparison of vendors' responses.
5. To outline a project's requirements to suppliers so that they can provide detailed solutions.
6. To establish joint understanding of the requirements with the suppliers.
7. To form the project's baseline and point for contract negotiation.
b) An example of a project that might require an RFP is a project to construct a stadium on an Island. In such a case, the prospects of the project have to be explored at the formation stage, with the costs and effectiveness of the solutions to be provided by various suppliers carefully studied for possible integration. A project may be cancelled after the submission of an RFP because it is understood that the project may not be feasible in terms of economy, efficiency, and effectiveness.
Explanation:
RFP is different from a request for quotation (RFQ). For RFQ, the need or problem is specific with specific solution, and there is no need for detailed technical information. An RFP requires a general problem that requires possible solutions to be offered. The acceptance of RFP or RFQ establishes the contract between the firm or governmental agency and the supplier.