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3 years ago

Tying sales is a market practice designed to increase sales volume. A "tying sales" situation is said to occur when what happens

Business

1 answer:

vfiekz [6]3 years ago

7 0

Answer: customer is required to buy one product only if the customer also buys a second product

Explanation:

Tying sales is a market practice designed to increase sales volume. A "tying sales" situation is said to occur when a customer is required to buy one product only if the customer also buys a second product.

Tying sales is simply defined as a scenario whereby the purchase of a good or service is compulsory when one buys a different good or service. This meane the individual helps us buying two products.

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In microeconomics, a demand curve in the coordinate system relates the quantity purchased of a certain good, x, to the price of

Oksi-84 [34.3K]

Answer:

The change in the revenue is $100,000

Explanation:

The quantity when the price is $1.50 is 60,000(1.50)-10,000=80,000. The revenue when the price for the price of $1.50 is 1.50*80,000 = 120,0000.

Now for the new price of $2.00, the quantity is 60,000(2)-10,000=110,000, and the revenue is 2*110,000=220.000.

With the revenues from when the price is $1.50 and $2.00, the change is the diference $220,000-$120,000=$100,000.

When the price increases from $1.50 to $2.00 the revenue increases $100.000

6 0

3 years ago

On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.

salantis [7]

Answer:

Gross Profit ⇒ $296,500

Operating expenses ⇒ $153,500

Explanation:

Gross Profit;

= Net sales - Cost of Goods sold

Net sales = Sales revenue - sales discounts - sales returns and allowances

= 807,000 - 6,000 - 10,900

= $790,100

Cost of Goods sold

= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance

= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500

= $493,600

Gross Profit = 790,100 - 493,600

= $296,500

Operating Expense

Net Income = Gross profit - operating expenses

143,000 = 296,500 - operating expenses

Operating expenses = 296,500 - 143,000

= $153,500

6 0

3 years ago

Non price competition price leadership and cartels are models in the ____ market structure(s)

Degger [83]

<span>These are monopoly market structures. This is where the person or company selling items does not face competition and is the only person or company selling the items with no competitor that has a close substitute. This is an imperfect kind of competition.</span>

5 0

3 years ago

Which of the following is true? A. The elasticity of demand is constant along most demand curves. B. The elasticity of demand v

Mekhanik [1.2K]

Answer:C

Explanation:

The elasticity of demand varies among most demand curves due to price change

4 0

3 years ago

Read 2 more answers

Tom, the borrower, gave Joe, the lender, his mortgage as security for his loan. Under the terms of the mortgage, Tom is identifi

Serhud [2]

Answer:

Mortgagor

Explanation:

A mortgagor is a person that borrows money from a lender usually called a mortgagee for a real estate purposes.

In a mortgage transaction, the borrower is the the mortgagor while the lender is the mortgagee.

In the case of the above question, Tom is a mortgagor because he is borrowing money from Joe who is a lender and even providing a security for the loan.

Cheers

4 0

4 years ago