Answer:
The market price is determined by the combined actions of both the buyers and sellers
Explanation:
In other words, the market price is determined by the <em>clash of supply and demand</em>, which are the two basic economic determinants. Although Ulla is affected by a drought, she knows she cannot raise the sugar beet price, as her competitors would beat her. On the other hand, they could increase the price if all of the beet sellers throughout the US were affected by a drought.
Answer:
<u>Locking in customer</u>
Explanation:
Power Cruise , a holiday cruise firm, recently offered its existence customers, who had registered for a two-year membership , an extension of six-months to their membership without any additional charges. By doing this, Power Cruise implement the<em> locking in customer</em> strategy.
Locking in customer strategy is basically used by the to hold on the customer with them. This strategy is used by the company , so that they do not loss their existing customer and also get more customers.
They improve their image among their customer by offering such facilities. They use such strategy because they don't want their customer to go to their competitor. Company give people reason to stay with them . They know that in today's market the customer is the king so they give them priority. They try to provide them best good and services.
Answer:
$93,840
Explanation:
Calculation to determine how much is the total budgeted variable selling and administrative expenses for October
October Total budgeted variable selling and administrative expenses=
(0.6 + 1.2 + 0.3 + 0.35) x 7200 +6000 + 39,000 + 7,200 + 24,000
October Total budgeted variable selling and administrative expenses=2.45x 7200 +6000 + 39,000 + 7,200 + 24,000
October Total budgeted variable selling and administrative expenses=$17,640+6000 + 39,000 + 7,200 + 24,000
October Total budgeted variable selling and administrative expenses=$93,840
Therefore the total budgeted variable selling and administrative expenses for October is $93,840
