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Answer:
D. store of value is the correct answer.
Explanation:
Answer:
$ 7.95
Explanation:
Calculation for what the contribution margin per unit sold is closest to:
Sales price$ 20.60
Less: VARIABLE COSTS
Direct material$ 6.35
Direct labor$ 3.75
Variable manufacturing overheads$ 1.50
Sales commission$ 0.50
Variable admin expenses$ 0.55
Total Variable costs$ 12.65
Contribution margin$ 7.95
($20.60-$12.65)
Therefore the the contribution margin per unit sold is closest to:$ 7.95
Answer:
D. More Units may be sold - but total revenue will be less than it would be at the higher price
Explanation:
Marginal Revenue (MR) represents the additional revenue that can be obtained if sales of a product are increased by one unit.
MR= is change in Total Revenue/Change in Total Output Quantity
In this situation as envisaged by the Marketing Manager, a price cut will lead to an increase in revenue based on more (marginal) units of the product sold at a lower price. The challenge, however, is that this increase in income will not be enough to offset the decrease in revenue that will result as a result of the price cut.
In other words, the organisation is better off selling fewer products or units at its current price than sell more (marginal units) at a reduced price.
Answer:
<h2>The correct answer in this case,would be the fourth option mentioned in the answer choices or create goodwill for the company. </h2>
Explanation:
- A specialty offered by any business basically implies creating a high and positive value for the customers on the basis of the customer needs and convenience.
- A specialty based business focuses on selling specific products and services instead of wholesale or bulk/large quantity selling and hence,it emphasizes more on product or service specialization.
- Royalty based businesses provide better and more convenient shopping or buying experience for the customers including personalized shopping,better customer service,specialized focus on individual customers,consistent and timely post consumption or purchase follow up,obtaining a more detailed and specific product or service related information by the customers and so on.
- Therefore,royalty based business can generate positive goodwill and market reputation through providence of a much more specialized and focused customer oriented service.
