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KiRa [710]
3 years ago
7

A manager at jcpenney discovers that dillard's has reduced the price of its children's levi's from $31.99 to $24.99, according t

o an advertisement in the sunday newspaper. she immediately phones her store and instructs the salesperson on duty to put a sign up next to their children's levi's that reads, "sale: $24.99." this is an example of what pricing strategy?
Business
1 answer:
Sonja [21]3 years ago
4 0

Price is the value that is put into a product or service As a result of lots of calculations, research, understanding, and risk-taking. A pricing strategy, on the other hand, is the smart way a company makes in order to target and attract customers. There are four pricing strategies:

<span>1.      </span>Premium pricing

<span>2.      </span>Penetration pricing

<span>3.      </span>Economy pricing and

<span>4.      </span>Skimming pricing

Premium pricing and skimming strategy both use a high price while penetration pricing and economy pricing use a low price. <span>

<span>When Dillard company reduced the price of children’s Levis from $31.99 to $24.99, the used the penetration pricing. And when the manager of Jenney instructed his staff to do the same, he used the penetration pricing strategy also to attract customers. </span></span>

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Answer:

The answer is b.Cash ,000 Notes Payable ,000

Explanation:

The exact entry Drake Builders Company has to record in its accounting book for the proceeds received from the issuance of the note is:

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Cr Note Payable          400,000

As at the time the note is issued, no interest expenses has been incurred, all the answer with Interest expenses can be eliminated.

In fact, interest expenses is only incurred and accrued during the lifetime of the note, based on the number of days the note is hold; that is, from the day the fund is lend out to Drake Builders Company; not on the day of issuance.

6 0
3 years ago
you sell 300 laptops per week at $690 per laptop. You sell 432 tablets per week at $590 per tablet. Which generates more dollars
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300 X $690 = $207,000

432 X $590 = $254,880

Hope this helps!
STSN
4 0
3 years ago
Read 2 more answers
True or False: The LIFO Conformity Rule states that if the LIFO method is used for income tax purposes, it can not be used for f
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Answer:

FALSE

Explanation:

The LIFO conformity rule requires taxpayers that elect to use LIFO for tax purposes to use <u>no method other than LIFO to ascertain the income, profit, or loss for the purpose of a report or statement to shareholders, partners, or other proprietors, or to beneficiaries, or for credit purposes</u>.

Hence the IRS requires that the same method for income tax purpose be used for financial statement purpose

6 0
3 years ago
When the "invisible hand" guides economic activity, prices of products reflect______________.
FinnZ [79.3K]

Answer:

b) both the values that society places on those products and the costs to society of producing those products 

Explanation:

When the "invisible hand" guides economic activity, prices are known as equilibrium prices.

Equilibrium price is found where the demand curve intersects with the supply curve .

Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.

I hope my answer helps you

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E and b not really sure but it’s my best guess
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