Rolls Royce, Louis Vuitton handbag, and a Rolex watch are all examples of prestige products.
Things are believed to be of very high quality because of the benefits that the consumer would supposedly enjoy, and as a result, such products are expensive.
Watches, fragrances, and high-end vehicles are a few industries that use prestige products.
When a business offers a product at a high price to give customers the idea that it is of great value, the practice is known as prestige pricing, premium pricing, or image pricing. Most of the time, companies do this to appeal to customers who are interested in presenting a distinguished or higher position.
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Answer:
Modular Organization
Explanation:
One main characteristics of Modular Organization is that the organization is divided into several smaller groups. These smaller groups will be assigned with their own purpose/objectives and collectively the result of their works will be combined to achieve the goal of the organizations.
Example of this would be when car manufacturer divided its workers into several groups that focus on producing one specific part of the car (the wheel groups, the painting groups, the seat groups, the machine groups, etc)
So, when an entity consist of several teams, divisions, groups, branches, etc , we can say that the business adopt modular organization characteristics.
Answer:
Operating Activity
Explanation:
Multiple options <em>" Investing activities, Noncash activities, This is not reported in the statement of cash flows, Operating activities, Financing activities."</em>
Cash Flows Collected From the Credit Sales are Reported as an operating activity on the Cash flow Statement. Cash flows Statement Reports the Cash inflows and Cash outflows resulted from the operating, Financing and Investing Activities. Cash flow from operating activities are cash flow from the normal business activity of buying and selling goods and services.
Answer: Mary Beth's reliance on the estimate flexibility of auditors to make a biased decision is an ethical dilemma.
Explanation: An ethical dilemma is also called an ethical paradox. It is a situation whereby two possible unacceptable moral issues are weighed in making a decision.
Ethics is an important consideration in business which guides one in knowing what is right and wrong and doing it.
Mary Beth's ethical dilemma is bothered on the objective of the decision she made which was to reduce profit. Making changes to estimates would not be a problem but when you know that that estimate is not preferable but the best in a biased atmosphere is an ethical paradox.
Answer:
The answer is talking to a local environmental group for solutions.
Explanation:
This option is the best one for Juanita and Sam to take since they both need someone who have more expertise in this field to help them determine the best solution to the problem that they encounter, which is sea trash. The other options are unsuitable because they do not provide direct impact (such as picketing the guilty factory), unrealistic (lobbying their elected representatives), or have been done (identifying the changes and problem).