Answer: Reference pricing
Explanation: In simple words, reference pricing refers to a pricing strategy under which a supplier of a commodity charges the price lower than its competitors. That lower price works as a reference for the firm to attract customers from the competitors.
Sometimes the producers initially sets higher price of the commodity under reference pricing strategy and then offers heavy discounts on such high prices, a customer makes perception that the discount deal is a better deal than other producers.
Hence from the above we can conclude that the given case depicts reference pricing.
No, it is not considered the first page. The cover page is not really essential, but authors add it because of convention. All of the books ever written had a cover page. It is already a culture. However, the first page begins with the exact content of the topic of which a book is written about.
Answer:
The options are given below:
A. $10.
B. $4.
C. $6.
D. $11.
The correct options is D.
Explanation:
Landed cost refers to the total price of a product or shipment once it has arrived at a buyer's doorstep. It includes the original price of the product, the transportation fees (both inland and ocean), customs, duties, taxes, tariffs, insurance, currency conversion, crating, handling and payment fees.
Therefore, in calculating the landed cost of the question above, we sum all the costs incurred thus:
Purchase price = $4
Transportation cost = $6
Packing and loading cost = $1
Landing cost = $4 + $6 + $1 = $11.
Usually, a minimum wage that is set below a market's equilibrium wage will result in an excess demand for labor, which is, a shortage of workers.
<h3>What is a
market's equilibrium wage?</h3>
The equilibrium market wage refers to an intersection of the supply and demand for labor wage.
The minimum wage means the ceiling wage that must be paid to the labor.
Hence, when a minimum wage is set below a market's equilibrium wage, it will result in an excess demand for labor, which is, a shortage of workers.
Therefore, the Option B is correct
Read more about equilibrium wage
<em>brainly.com/question/6105258</em>
Natural monopolies <span>benefit from large economies of scale, in which the costs of goods decrease as output increases.
</span>A natural monopoly<span> is a distinct type of </span>monopoly<span> that may arise when there are extremely high fixed costs of distribution, such as exist when large-scale infrastructure is required to ensure supply.</span>
