Answer:
The net income is $59,000
Explanation:
Please refer to the attached file for calculation.
Answer: value-based pricing.
Explanation:
In its literal sense, value-based pricing means basing pricing on the advantages of the product perceived by the consumer rather than on the exact cost of product creation. A painting, for example, may be priced as much more than canvas and paint prices: in fact, the price depends a lot on who the painter is.
It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.
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What is marketing?</h3>
Marketing involves promoting a particular products. It involves setting an objective which when attainable will make the workers happy and willing to do more even when tedious.
Therefore, It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.
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Which of these investments is not a function of the production department: wage increases.
<h3>Does wage increase with productivity?</h3>
- They discover that for average remuneration, a one percentage point increase in productivity growth corresponds to a 0.74 percentage point rise in compensation growth. Similar to median compensation, their estimate deviates from one by a statistically significant amount but not from zero.
- Prices increase when salaries grow faster than labor productivity while prices decrease when wages grow slower than productivity.
- Inflation is brought on by wage increases since doing business becomes more expensive as wages rise. Companies must raise the prices for their products and services to offset the cost increase and keep their profitability at the same level.
- Five tons of labor are produced per hour. Physical productivity growth drives up the value of labor, which in turn drives up to pay.
Which of these investments is not a function of the production department: wage increases.
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Answer: <u><em>(A.)The employment contract specifies the level of work effort required from a worker.</em></u>
(<u><em>C.) The buyer in the labor market is a price setter.</em></u>
Explanation:
In a economy the employment contract specifies the level of work effort required from a worker. i.e. while hiring an employee for a position in a organisation, It is required to completely specify the level of work effort required from that worker.
Also, Firms interact with individuals, employing them, discharging them and promoting or cutting wages and hours. The relationship between the forces of supply and demand influences the hours the worker works and their compensation.
