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3 years ago

Often consumers base their perception of price on what they perceive to be the customary or ________.

Business

2 answers:

lawyer [7]3 years ago

8 0

Often consumers base their perception of price on what they perceive to be the customary or <em>fair price. </em>

ycow [4]3 years ago

3 0

Based on other stores, and what their prices are too

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Mike's is a highway construction company. Mike's is laying a highway through the mountains in West Virginia. At one spot they ha

dexar [7]

Answer:

win based on strict liability

Explanation:

Strict liability is a liability that is imposed on party by the claimant that proves that an action occurred and the defendant is responsible for it.

This provision does not require the claimant to prove a fault by the defendant. It is mostly used when an action is considered dangerous.

In this scenario Mike was blasting some holes in rocks. This is a dangerous activity that can cause harm.

Myra who broke her legs in the explosion only needs to prove Mike was responsible for the explosion that occurred for her to win based on strict liability provision.

8 0

3 years ago

Grayson owns a local smoothie store. His business started small, but over the years, word of mouth has spread, bringing more peo

irina1246 [14]

Growth requires developing a formal structure to function efficiently.

<u>Explanation</u>:

Growing a business from lower level to higher level requires lot of efforts and talents. If the business is developed and moving to the next level, it is necessary for the entrepreneur to follow certain formal structure.

The formal structure helps the owner of the company to maintain his standard in specific hierarchy. This formality may keep the employees or workers organized. The work will be allotted clearly to each and every one and each of them will have their own responsibilities.

3 0

3 years ago

Crane Company is evaluating its Piquette division, an investment center. The division has a $66000 controllable margin and $4800

liberstina [14]

Answer:

$600,000

Explanation:

Data provided in the question:

Controllable margin = $66,000

Sales = $480,000

Return on investment = 10%

Now,

Return on investment = Controllable Margin ÷ Average Operating Assets

10% = $60,000 ÷ Average Operating Assets

Average Operating Assets = 60000 ÷ 10%

Average Operating Assets = 60000 ÷ 0.01

Average Operating Assets = $600,000

8 0

3 years ago

Which of the following is true if the volume of sales increases (within a relevant range)? A. total fixed cost increases B. to

Firdavs [7]

Answer:

C. total variable cost increases

Explanation:

Fixed cost, as the name states, do not change with a variation on production output, therefore an increase in the sales volume does not change the fixed cost. Meanwhile, variable cost is the cost associated with the production of each unit, and thus depends on the sales volume. An increase in the volume of sales leads to an increase in total variable cost.

Therefore, the answer is C.

4 0

3 years ago

quipment purchased in 2006 for $30 comma 000 must be replaced in late 2017. What is the estimated cost of the replacement equip

DiKsa [7]

Answer:

$53,355.7047

Explanation:

The computation of the estimated cost of the replacement cost is shown below:

Estimated cost = (old cost i.e purchased cost of an equipment ÷ Cost index of that year i.e 2006) × estimated cost index for 2017

= ($30,000 ÷ 149) × 265

= $53,355.7047

We simply applied the above formula so that the estimated cost could come

6 0

3 years ago