Solution:
The home sells for = $120000
The commission that is paid by the seller is 3 percent
Therefore, commission = 3% of $120000 = $3600
The sales-person is on a 65 percent commission schedule with her broker which means that the saleperson gets the 65 percent amount of the commission.
Thus, the amount which is received by the salesperson from the given transaction is = 65% of $3600 = $2340
Therefore, the salesperson receives $2340 amount from the said transaction.
According to liquidity preference theory, a drop-off in money demand for some ground other than a change in the price degree causes The interest rate to go down, so the aggregate demand shifts.
<h3>What is aggregate demand?</h3>
The total amount of goods and services produced in an economy is the measurement of the aggregate demand.
The aggregate demand is shown as the total amount of money is exchanged at the particular price level and point in time.
Thus, The interest rate to go down,
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The trust trick for making sales using terms like "limited edition" or putting countdowns of time and remaining items for an offer is called the scarcity technique.
Scarcity marketing can be understood as a way to activate psychological triggers to generate purchase desire in consumers through product shortages, as people tend to perceive limited quantities as more valuable.
This strategy to drive sales will be effective if it meets three criteria:
- It is useful
- It is transferable between people
- It has the potential to be possessed
Therefore, companies can gain significant advantages by implementing the scarcity technique, increasing sales and generating greater value for the consumer.
This strategy needs to be used sparingly so as not to create too much pressure on the consumer to make a purchase and not to generate an image of poor inventory management.
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Answer:
$ 13.21
Explanation:
Data provided:
Selling cost of cheese slicer = $ 19
Cost of the prototype = $ 29
Expected return = 41%
i.e 41% of the selling cost = 0.41 × $ 19 = $ 7.79
Now,
the target cost is calculated as :
Target cost = Selling Price - Expected Return from the Stock
on substituting the values, we get
Target cost = $ 21 - $ 7.79 = $ 13.21
