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3 years ago

Pricing your product below competitors can be effective strategy when

Business

1 answer:

jarptica [38.1K]3 years ago

8 0

If the market is price sensitive, this means consumers react to small variations in price. In this case, if you were to lower your price to below your competitors, and the market was price sensitive, you would expect to gain more customers. Consumers are wanting to maximize their utility (get the most for the smallest amount of money). If they are price sensitive, they will look for the lowest price that still has an acceptable quality.

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A binding price ceiling on apartments (effective rent control) will:

My name is Ann [436]

Answer:

D) cause the quantity demanded to exceed the quantity supplied of rental housing.

Explanation:

A price ceiling is a binding government regulation in which it puts a cap on the price landlords can charge tenants to rent their properties. If this happens, there could be a rapid significant increase in the demand of apartments. This would lead to excess demand that the existing supply cannot meet , creating a shortage. The property owners may also choose to not rent their apartment at that lower price driving the supply even lower.

4 0

3 years ago

The accounting and tax departments are the responsibility of the _____. a. inventory manager b. controller c. vice president

wel

Answer: Controller

Explanation: Controller refer to the accounting officer of the company whose job is to analyze and interpret the transactions related to accounting and fiance.

The duties of controller include conducting internal audit, updating financial statements, filing tax applications on time etc.

Thus, from the above we can conclude that the correct option is B.

4 0

3 years ago

Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to retained earn

blondinia [14]

Answer:

Cost of Goods Sold is = $697213.44

Explanation:

given data

depreciation expenses = $28,900

sales = $755,000

retained earnings = $10,200

paid interest = $6,200

dividends = $5,000

tax rate = 33 percent

solution

first we get here EBIT that is express as here

EBIT = Earnings for equity holders + Tax + Interest ...............1

Earnings for equity holders = Dividend Paid + retained earnings

Earnings for equity holders = $5,000 + $10,200 = $15200

here Tax is = $\frac{15200}{67}$ × 33 = 7486.56

so here EBIT = $15200 + $7486.56 + $6,200

EBIT = $28886.56

so Cost of Goods Sold is = sales - depreciation - EBIT ..................2

Cost of Goods Sold is = $755,000 - $28,900 - $28886.56

Cost of Goods Sold is = $697213.44

3 0

3 years ago

Intel attends recruiting events such as a Hispanic chamber of commerce convention in order to attract diverse applicants. At the

garik1379 [7]

Answer:

resource acquisition

Explanation:

Based on the scenario being described it can be said that the argument for diversity best demonstrated by intel's actions would be resource acquisition. This is when a company focuses on obtaining the right resources needed to accomplish the goals and needs of a project. Which in this case are talented individuals who happen to be minority workers.

5 0

3 years ago

A young couple has $300,000 that they have used to aggressively trade growth stocks. They place their account with a Registered

EastWind [94]

Answer:

the investment advisor should do nothing

Explanation:

In the scenario that is being described, the investment advisor should do nothing. This is because the investment advisor did nothing wrong or illegal, he simply followed the instructions that were strictly provided by the clients, therefore acting in accordance with the customers' wishes. Meaning that he has nothing to fear from the client's being accept because they have no standing to take legal action against the advisor.

7 0

3 years ago

Pricing your product below competitors can be effective strategy when​

Pricing your product below competitors can be effective strategy when