As per the given case, the amount that is added to GDP is $350.
<h3>What do you mean by GDP?</h3>
GDP refers to the measure of all final goods and services that have been bought by the final user produced in the country.
As per the given case, Farmer smith bought seed and fertilizer for $100. He grew wheat that he sold to the wander bread company. Consumers bought the bread from the grocery for $350. Therefore, it was added to the GDP.
So, $350 was added to the GDP.
Learn more about GDP here:
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Answer:
2. Potential employees
Answer:
The Boston-Amsterdam round-trip travelers are more likely to be on business, whereas the multi-city travelers going to Greece are likely to be on vacation, and therefore more price-sensitive.
Explanation:
The customers with more price- sensitivity are charge less than the customers with less price-sensitivity. multi-city travelers are more likely to be on a tour of cities and the Boston-Amsterdam travelers are likely to be on business.
Answer:
Reverse the related expense.
Explanation:
In this scenario Muller has already realised the compensation expense for achievement of the particular target. In accrual accounting only the expenses that we have already incurred or are certainly going to incur will be recognised and recorded.
Muller has concluded that the executive will not meet the target and therefore will not the eligible for the compensation. Muller should reverse the related expense as it is unlikely it will incur it.
Answer:
DivetheBlue has earned a reputation for selling high-quality products. This exemplifies a non price position.
Explanation:
A non price positioning is a marketing strategy in which a company prices its position which is not compatible with the market based on the kind of quality, design or workmanship they are providing to the customer.
DivetheBlue also focuses on the quality of their products and price accordingly, higher than the rest of the market. They have non price positioning which has specific loyal customer base.
