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zaharov [31]
3 years ago
14

Which is a TRUE statement about price premiums for differentiated products? Consumers are relatively insensitive to premium pric

es. Consumers are highly sensitive to price premiums. Consumers are ambivalent to price premiums. None of these
Business
1 answer:
Eduardwww [97]3 years ago
8 0

<u>Answer:</u>Consumers are relatively insensitive to premium prices.

<u>Explanation:</u>

Premium pricing is generally done by the firms to prove that their products are competitive enough in the market. Also premium pricing denotes that the product has high value in the market. Companies fixing the prices know that the consumers will not investigate if it truly valuable.

The organisations also establish a brand name to prove that they are luxury brand. So the customers are also insensitive to the prices of those products. For example Apple phones, Rolex watches etc.

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Answer:

Explanation:

When demand is inelastic, a decrease in price will cause.

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2 years ago
Sales revenue is​ $725,700; allocated manufacturing overhead is​ $95,100; actual manufacturing overhead is​ $120,500; and cost o
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Answer:

$320,000

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if allocated overhead was $95,100 and actual overhead was $120,500, then overhead costs were under allocated by $25,400 (= $120,500 - $95,100) and that must be added to cost of goods sold in order to determine the actual gross profit.

total sales revenue = $725,700

<u>total COGS = $380,300 + $25,400 = ($405,700)</u>

gross profit = $320,000

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4 years ago
The Industrial Revolution changed the way people worked by
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3 years ago
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A mortgage company makes a number of loans to be assembled into one package and sold to permanent investors. This process is an
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