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4 years ago

Which factor sets the floor on setting a product's price?

1 answer:

4 0

The customer's value perceptions sets the floor on setting a product's price.

If a customer perceives something to have a lot of value (be considered an 'expensive' item) then it typically will hold more value to them. When looking at a customer's perceived value, marketers are looking at what a customer thinks the benefits/values of that product is in comparison with another.

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if the marginal tax rate is equal to the average tax rate as taxable incomme increases, the tax structure is

gregori [183]

Answer:

B) proportional

Explanation:

In the case of the proportional tax structure the marginal tax rate should be equivalent to the average tax rate without considering the high level of taxable income or low level of taxable income

Therefore in the given case, the tax structure should be proportional

hence, the correct option is B

And, the same is to be considered

5 0

3 years ago

Recently, a Domino's pizza franchise in southwest Ohio made the strategic decision to stay open for 24 hours a day. The manager,

melamori03 [73]

Answer:

Strength:

Further strengthening the brand name and will be able to capture the market share by staying open for 24 hours.

Increasing the efficiency of the franchise by selling additional products. (Sales to capital employed ratio)

Excellent location will add up value to the franchise which makes it more prior to the other pizza offering franchises.

Weakness

Staffing and inventory management would be required for the additional working hours and at night shifts the employees demand more for the services they offer.

Opportunity

There is additional demand for the products of the Domino's to sell the customers at night. Usually in the weekends, Americans go to bed late night.

Threats

We are promoting late night eating which is not good for health so this is threat to our brand image.

Their is the threat that the existing competitors must react to our offerings by lowering their cost or by increasing the quality of their offerings.

8 0

3 years ago

A variable that likely is incorporated in the error term is: A. The fixed cost of production B. the variable cost of production

Serga [27]

Answer: Variable cost of production

Explanation:

Variable costs increase or decrease depending on a company's production volume; they rise as production increases and fall as production decreases. Examples of variable costs include the costs of raw materials and packaging.

Variable cost is the cost that covers through the production phase and changes as production is being finalized. This cost changes price variables depending on how much the company produces. The rise and fall of production determines their final position in pricing. Packaging and the various material cost are examples of variable cost.

4 0

4 years ago

Following are selected transactions for Vitalo Company. Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from Kelly W

umka21 [38]

Answer:

As at April 30

Dr. Account Receivable (120 days / 180 days x 6000 x 0.08) ..$320

Cr. Interest Income......................................................................................$320

Being accrued interest Income for current year to date on note receivable

Dr. Bank..............................................................................................$6,483

Cr. Accounts Receivable ($6000 note receivable + $163 + $320)...$6,483

Being settlement of note receivable with total accrued interest Income

Explanation:

Following are selected transactions for Vitalo Company.

Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable.

As at November 1

Account receivable = $6,000 and Note Receivable = $6000

Dec. 31 Adjusted the year-end accounts for the accrued interest earned on the White note.

As at December 31

Dr. Account Receivable (61 days /180 days x 6000 x 0.08) ..$163

Cr. Interest Income......................................................................................$163

Apr. 30 White honored her note when presented for payment; February has 28 days for the current year.

As at April 30

Dr. Account Receivable (120 days / 180 days x 6000 x 0.08) ..$320

Cr. Interest Income......................................................................................$320

Being accrued interest Income for current year to date on note receivable

Dr. Bank..............................................................................................$6,483

Cr. Accounts Receivable ($6000 note receivable + $163 + $320)...$6,483

Being settlement of note receivable with total accrued interest Income

4 0

3 years ago

Read 2 more answers

WoodCore Inc. produces an entire line of office furniture at its manufacturing facility in the United States and then ships its

dsp73

Answer:

The answer is exporting.

Explanation:

Businesses that sell their goods and services to customers in other countries are exporting them – they are producing them in one country and shipping them to another.

Similarly, in this question, WoodCore Inc produces an entire line of office furniture in its home country and selling it to the companies in Europe, this indicates that WoodCore Inc. is involved in exporting.

However, if WoodCore Inc used to buy its materials from European Countries to manufacture and sell the furniture in its home country US, then it would have been involved in importing.

6 0

4 years ago

Which factor sets the floor on setting a​ product's price?

Which factor sets the floor on setting a product's price?