Answer:
Predatory pricing.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
Predatory pricing is a marketing or pricing strategy that involves lowering the cost of goods and services for a short-term, in order to lure competing firms to lower their price, thus causing them to go bankrupt and exiting from the market.
Thus, the practice by the firms in this scenario is known as predatory pricing.
Answer:
Beliefs
Explanation:
Belief define how a consumer perceives performance of a product or a brand. It plays a vital role since it can either be either positive or negative. towards an object. The strength of the belief is weighted by the evaluation of the perceived attributes of the product. This influences whether consumers will choose to buy the goods and services or not. It is therefore important for marketers to understand this and come up with strategies to make sure their brand or products fully meet customers' expectations and needs.
Answer:
b. performance.
Explanation:
Discharge of contract by performance is when the both the parties agreeing to a contract performs their respective promises.
Discharge of contract by performance is a normal and natural mode of completing a contract.
Once the performance i.e the agreeing statements are proper and complete by the both the parties, they are free from the further liabilities.
Answer:
The depreciation schedule for six years is attached below.
Explanation:
Answer:
Operating income will be $6,000
Explanation:
The computation of the operating income is shown below:
= Total cost - outsourcing cost
where,
Total cost = Variable cost + fixed cost
Variable cost = Number of microwaves × variable cost per unit
= 500 × $26
= $13,000
And, the fixed cost is $7,000
Now put these values to the above formula
So, the value would equal to
= $13,000 + $7,000
= $20,000
And, the outsourcing cost equal to
= Number of microwaves × outsourcing cost per unit
= 500 × $28
= $14,000
So, the net income would be
= $20,000 - $14,000
= $6,000
