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Evgen [1.6K]
4 years ago
12

A local restaurant has prepared a new recipe for it's lunch menu which form of nonprice competition is this?

Business
2 answers:
s344n2d4d5 [400]4 years ago
7 0
Non price competition is competing against others when price isn't the driving force of differentiation. If a local restaurant repairs a new recipe for it's lunch menu it is using the physical characteristic form of non price competition. The restaurant is hoping to differentiate based on the quality and taste of their new lunch item compared with another restaurants. 
BartSMP [9]4 years ago
3 0

Physical Characteristics

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mr_godi [17]

Answer:

Ending inventory is $58,800

Explanation:

The formula for the gross profit ratio is as under:

Gross profit ratio = Gross Profit / Sales

And here Sales is $302,000 and Gross profit ratio is 30%.

By putting values we have:

30% = Gross profit / $302,000

Gross Profit = 30% * $302,000 = $90,600

We also know that:

Gross Profit = Sales - Cost of sales

By putting values we have:

$90,600 = $302,000 - Cost of sales

Cost of Sales = $302,000 - 90,600

Cost of Sales = $211,400

The difference between the cost of goods available for sale and cost of goods sold is ending inventory.

Ending Inventory = $270,200 - $211,400 =  $58,800

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Ksivusya [100]

Answer:

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If businesses are producing at capacity, and the nation is experiencing almost full employment (a very low rate of unemployment
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