In marketing, place refers to where a product is being sold. When it says "in these select stores," that's the place.
Answer:
$10.97
Explanation:
Calculation for what is the company's expected value of each warranty sold
First step is to calculate the outcome
Outcome=$150-$12
Outcome=138
Second step is to calculate the outcome probability
Outcome probability=1-0.007
Outcome probability=0.993 and 0.007 respectively
Now let calculate the company's expected value of each warranty sold
Expected value of each warranty sold=$12*0.993+(-$138)*0.007
Expected value of each warranty sold=$10.97
Therefore Expected value of each warranty sold is $10.97
The tea act is an indirect tax
Tea act put an amount of tax for every goods and products that being sold by the American colonist, which displayed every characteristic of an indirect tax.
If the tax is categorized as a direct tax, the tax is based on percentage of profit, not the product itself.
