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3 years ago

In general, prices should not be based on costs because

Business

1 answer:

SOVA2 [1]3 years ago

5 0

Answer:

C. consumers make their purchase decisions based on perceived value.

Explanation:

Consumer perceived value is the benefit of a product that the consumer receives by buying any specific goods or services. Perceived value is the satisfaction level of consumer that customer look in the product, rather than just paying for the product, therefore, the company need to work and develop their brand and value in the market. Cost does not define the value of the product, rather it is a satisfactory level of consumer that defines the value and price of product. Example; Customer does not pay for the software, however, they pay for the solution.

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Robinson Crusoe was trying to decide if they should continue making coin purses or outsource to a supplier. Their fixed costs to

tester [92]

Answer:

852 units

Explanation:

The break-even point is number of unit produced whereas the cost of in house produced equal to selling price of similar products

Selling price of similar products = fixed cost per unit + variable cost per unit

$5.75 = $3,750/ number of unit produced + $1.35

number of unit produced = $3,750/($5.75-$1.35) = 852 units

5 0

2 years ago

Place and convenience are connected by a core linkage. While GoPro was able to get the product into locations where customers co

Serggg [28]

Question Completion with Options:

a. ignore convenience stores in its distribution network.

b. deliver fewer cameras than were needed during a holiday season.

c. miss the customer connection by emphasizing place over convenience.

d. exert too much power in the distribution network.

Answer:

GoPro

production problems forced it to

b. deliver fewer cameras than were needed during a holiday season.

Explanation:

Shortages are avoided by producers as much as possible in order not to cause disequilibrium in the market. Shortages are not the same as scarcity. They are temporary setbacks when the quantity demanded outstrips the quantity supplied at the equilibrium market price. The backlashes result in lost sales and revenue for suppliers. Shortages may clear ways for competitors to enter the market to meet the unsatisfied demand.

5 0

3 years ago

On January 1, 2018, Jolley Corp. paid $250,000 for 25% of the voting common stock of Tige Co. On that date, the book value of Ti

shusha [124]

Answer:

Dr. Investments in Associates 250,000

Cr. Cash 500,000

Dr. Cash 10,000

Cr. Investments in Associates 10,000

Dr. Investments in Associates 50,000

Cr. Investment revenue 50,000

Explanation:

The equity method is a type of accounting used to incorporate investments. It is used when the investor holds significant influence over the investee but does not exercise full control over it.

An investor is deemed to have significant influence over an investee if it owns between 20% to 50% of the investee’s shares or voting rights.

- Jolley receives dividends of $10,000, which is 25% of $40,000, and records a reduction in their investment account. The reason for this is that they have received money from their investee.

- Jolley records the net income from Tige Co. as an increase to its Investment account.

4 0

3 years ago

Which of the following is true of options? a. More than one of these. b. The writer pays the buyer the option premium. c. The

babymother [125]

Answer:

Explanation:

3 0

2 years ago

Eastwood Post Pavillion received a $650 check from a customer for the balance due. The transaction was erroneously recorded as a

s344n2d4d5 [400]

Explanation:

The correct journal entry is as follows:

Cash Dr $90

Service revenue Dr $560

To Account receivable $650

(Being the cash received is recorded)

Basically we debited the cash for $90 and service revenue for $560 and credited the account receivable for $650 so that the correct posting could be done

The cash difference is

= $650 - $560

= $90

3 0

3 years ago