Answer: A. identifying pricing objectives and constraints
Explanation:
It is in the above mentioned stage of the Price Setting Process that the sales growth rate and business stages are accounted for as constraints or objectives to be met.
In identifying the pricing objectives and constraints, the expected growth rate should be factored in to find out what price the goods can be sold at to ensure that sales grow at the required rate for example.
Answer:
True
Explanation:
In Microeconomics, there is a correlation between offer and demand. If the market demand stays the same, in a competitive industry expanding its demand other suppliers will come into the game.
So, in the long run. Prices will end up to fall as a result, until it stabilizes on average.
Answer:
$1
Explanation:
We can use the simple consumer surplus formula:
Consumer surplus = Maximum Price Willing to Pay - Actual Price
For Bob
Consumer Surplus = $10 - $8
= $2
For Lisa
Consumer Surplus = $7-8
= $-1
So, the total consumer surplus is $1
Answer:
A. Guidance from the franchisor
Explanation:
Under franchising , the franchisor grants license and transfer its business expertise, unique successful processes and ideas to another business (franchisee) , usually located in another country to, carry out franchisor's business in return for a fee.
Examples of Franchising being, KFC, McDonalds and chain of other fast food restaurants operating across the globe.
The franchisee i.e the one who avails the license to operate the business of franchisor, gets the benefit of using the already successful expertise and business guidance from the franchisor which otherwise would've required years of operations to develop.
Also the franchisee benefits from operating under established and renowned brand name of the franchisor.
So, in the given case, Brian would benefit in the form of, availing regular guidance and instructions from the franchisor.
Answer: 3 Variable Rate Loan.
The variable rate loan best describes the loan agreement because the rate can vary and become a different percent over the course of the loan agreement. When you agree to loan terms with variable interest rates it is important to remember when they will change and check the interest rate amounts at any given time over the course of the loan, sometimes the loan terms jump drastically if not paid by the initial given rate.