Answer:
a. market share
Explanation:
Based on the information provided within the question it can be said that the Anthony's firm has adopted a market share pricing objective. This pricing objective focuses on reaching or maintaining the target market share for a company's product using any necessary tactics. Which is what Anthony is doing, he is undercutting the competitions prices in order to reach the top competitors market share for their competing product.
Answer:
violates ethical, but not legal, standards.
Explanation:
Sherman act was created to prohibit restrains on trade of any collusion by different parties to form a monopoly or control price.
The act does not however prohibit all restraints of trade, bit rather those that are very unreasonable and harmful to competition.
In the given scenario the three companies only agreed to bid lowest for the 3 project under consideration.
Their action does not give them unfair advantage over other firms and may even lead to a loss on their part.
They do not have a strategy that will guarantee an edge over other firms.
So this is an ethical violation but not a legal one.
Answer:
c. It depends on the appraisal problem. The appraiser should apply all appropriate units of comparison, explain differences in wide variation in the results, and choose the most reliable unit.
Explanation:
The three (3) main methods used for the valuation or appraisal of real-estate properties are;
I. Income approach.
II. Cost approach.
III. Sales comparison approach.
A sales comparison approach can be defined as a real-estate appraisal technique that is typically based on comparing a property to other recently sold real-estate properties with similar characteristics. Thus, this appraisal method or technique requires that the real-estate property being appraised should be in current use and fall within the same area or locality as the other recently sold real-estate properties.
In the sales comparison approach, the appraised property should mimic the market behavior of other real-estate properties sold recently.
<span>Julio is using the foot-in-the-door technique. He is asking his professor for a smaller extension on the paper to which his professor agreed. He has gotten his "foot in the door", after which he decided to ask an even bigger request since the professor already agreed the first time figuring that it may work.</span>
