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notsponge [240]
3 years ago
14

Horses and Harnesses wanted to increase its price for hand-made saddles, but it knew its customers were very price sensitive, so

it only raised prices by $2. None of the customers reacted to the new price. This minimal price change is known as ________.
Business
1 answer:
Reika [66]3 years ago
5 0

Answer:

The just noticeable difference.

Explanation:

Sensitivity to differences in intensity levels not constant or the smallest difference in the amount of simulation that a specific sense can detect.

It is clearly stated here that intensity level of the stimulus can also play a role in how much people notice changes. If a light is very, very dim, people might be more likely to notice smaller changes in intensity than they would if those same changes were made to brighter light.

You might be interested in
The Turtle Society, a nongovernmental not-for-profit entity (NFP), receives numerous contributed hours from volunteers during it
tia_tia [17]

Answer:

B) $0

Explanation:

The IRS doesn't allow not-for-profit organizations to record any revenue from volunteer service, the same happens with individuals, since it doesn't allow them to deduct monetary value for their volunteer service.

The organizations can record certain expenses related to the volunteer work, e.g. travel expenses, food, etc.

6 0
3 years ago
A cash register tape shows cash sales of $3180 and sales taxes of $210. The journal entry to record this information is
Igoryamba

Answer:

Debit cash $3,390

Credit sales revenue $210

Cales tax payable $3,180

Explanation:

Preparation of the journal entry to record the information given.

Journal entry

Debit cash $3,390

($3,180+$210)

Credit sales revenue $210

Cales tax payable $3,180

3 0
3 years ago
Miller’s Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number
IrinaK [193]

Answer:

The correct answer is option b.

Explanation:

A dairy is producing 960 gallons of milk per day.

Each milker works 8 hours and produces the same amount of milk.

For per hour of labor the diary produces 12 gallons of milk.

Quantity of milk produced by a labor in 8 hours

= Production\ in\ one\ hour\times No.\ of\ hours

= 12\times 8

= 96 gallons

The number of workers required to produce 960 gallons per day

= \frac{Total\ daily\ Production}{Daily\ production\ by\ each\ labor}

= \frac{960}{96}

= 10 workers

6 0
3 years ago
Xytex Products just paid a dividend of $2.27 per share, and the stock currently sells for $32. If the discount rate is 15 percen
Minchanka [31]

Answer:

g = 0.0738255 or 7.38255% rounded off to 7.38%

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,

  • D0 * (1+g) is dividend expected for the next period /year
  • g is the growth rate
  • r is the required rate of return or cost of equity

Plugging in the values of P0, D0 and r in the formula, we can calculate the value of g to be,

32 = 2.27 * (1+g) / (0.15 - g)

32 * (0.15 - g) = 2.27 + 2.27g

4.8 - 32g = 2.27 + 2.27g

4.8 - 2.27 = 2.27g + 32g

2.53 = 34.27g

g = 2.53 / 34.27

g = 0.0738255 or 7.38255% rounded off to 7.38%

6 0
3 years ago
Because the company was angered by the actions of its resellers. Acme Manufacturing decided to slow down deliveries and postpone
Natasha_Volkova [10]

Answer:

B) coercive power.

Explanation:

There are two ways of influencing others to follow the instruction or to get the process in the right order.Those two ways are: Reward power and coercive power.

Coercive power: It is the ability of the authority to use power or force against people or subordinates to follow the instruction or to get them disciplined. It is an act of punishment for committing errors so that it does not get repeated.

In the given case, the manufacturer decided to punish resellers for their action. As Manufacturing decided to slow down deliveries and postpone product availability to these resellers.

8 0
3 years ago
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