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White raven [17]
3 years ago
9

Elmo Inc., a global conglomerate, designed the ElBrush, an electric toothbrush. Sensing market demand for the electric toothbrus

h, Elmo started with an ideal selling price of $13 based on customer value considerations and then targeted costs to ensure that the price was met. This exemplifies ________.high-low pricingeveryday low pricingcost-plus pricingtarget costingcompetition-based pricing
Business
1 answer:
Alborosie3 years ago
3 0

Answer:

Target costing

Explanation:

-High-low pricing is when companies initially establish a high price for a product and then, they decrease it when people are less willing to buy it.

-Everyday low pricing is when companies offer low prices on their products all the time.

-Cost-plus pricing is when companies determine the cost of the product and add the profit margin they need to establish the price of the product.

-Target costing is when companies establish a target cost for the product by taking the price and subtracting the margin they expect from it.

-Competition-based pricing is when companies use the price the competitors have for the same product to establish the price.

According to this, the answer is that the situation exemplifies target costing.

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If a costumer has a coupon for 30% off any skateboard and then another coupon for an extra 5% off a total purchase, you can simp
omeli [17]

Answer:

TRUE

Explanation:

It is true that if a costumer has a coupon for 30% off any skateboard and then another coupon for an extra 5% off a total purchase, you can simply add the coupons together to determine the discount as long as they are only buying one skateboard .

The above assertion is correct because the amount of the skateboard will be the same as the amount for the sale, hence both percentages making up 35% can be applied to the skateboard amount.

<u>However if they buying more items than just a skateboard, the total amounts of the different items of purchase has to be added before applying the discount percentage.</u>

<u />

3 0
4 years ago
Read 2 more answers
For each macroeconomic viewpoint, identify whether it is a position held by classical economists, Keynesian economists, or monet
labwork [276]

Answer:

a. Classical theory

b. Monetarist school.

Explanation:

Classical theory assumes that the fall in aggregate demand will create temporary affect on employment and ;later in the long run economy will adjust itself and will be at full employment automatically. Keynesian theory believes that demand is the factor which drives the economy. If the economy is at recession then efforts should be made to increase demand which will turn the economy growth upright.

8 0
3 years ago
Deferral adjustments are needed when the business:
prisoha [69]

Answer:

The correct answers are the options B and D: Pays cash before the expense has been incurred. And receives cash before the revenue has been generated.

Explanation:

To begin with, in the accounting field the term of "Deferral Adjustments" refers to those that the accountant does when they postpone the report of it in the income statement until a later period, so that means that when an event happens they might decide to postpone the report of that particular transaction doing what it is called "defer". Moreover, the two most common cases when the accountants use this technique are the ones choosen from the options, the cases B and D.

6 0
3 years ago
What was this product's net operating income (loss) last year? last year minden company introduced a new product and sold 15,000
mafiozo [28]

Answer:

1. What was the product's operating income(loss) last year = $90,000 loss

2. What is the product's Break even point in unit sales and dollars

• Break even sales in units 18,000

• Break even i n sale dollars $1,260,000

3. Maximum annual profit given an increment of 5,000 units and reduction of sales price per unit by $2.

• Net profit of $20,000

4. What would be the break even point in unit sales and dollars using the selling price that you determined in requirement 3.

• Break even sales units 19,285.7

• Break even in sales dollars $1,311,427.6

Explanation:

Please see attached detailed solution to the above questions and answers.

3 0
3 years ago
Celebrities and famous individuals often make __________, or positive statements, about a product based on their personal experi
Alenkasestr [34]

Answer:

It might be endorsement.  

Explanation:<u><em>To think about:</em></u> What must a celebrity endorsement always reflect? Honest opinion of the endorser. According to the Federal Trade Commission (FTC), endorsements must always reflect the honest opinions, findings, beliefs, or experience of the endorser. ... Endorsements are a form of advertising.

8 0
3 years ago
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