Answer:
b. an indicator of quality.
Explanation:
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as an indicator of quality.
Value-based pricing is a strategy of setting prices primarily <u>based on a consumer's perceived value of a product or service. </u>
<u>Price is an Indicator of Value From a consumer's standpoint because it is often used to indicate value when it is compared with perceived benefits such as the quality .</u>
Answer:
Explanations below
Explanation:A) Sole proprietorship: sole decision making by the proprietor
B) General partnership: there is a profit sharing ratio as agreed by partners
C) Public corporation: it is independent of government.
D) Government corporation: Government has 100% ownership or partly owned with over 50% shares.
Answer:
GBI
a. Journal Entries
Feb. 2
Debit Supplies Expense $800
Credit Payables-Misc. account $800
To record the purchase of supplies on account.
Feb. 4
Debit Accounts Payable $800
Credit CAsh $800
To record the payment on account.
b. The resulting document numbers are:
FI document number 1: __________ 100001
FI document number 2: __________ 100002
Explanation:
The journal entries are made to initially record the transactions in the books of GBI. Journal entries identify the accounts involved in every transaction. They add some brief narrations of the transaction.
Answer:
Geo-demographic technique
Explanation:
This is a technique that simply combine data on consumer expenditures and socioeconomic variables with geographical information in order to identity commonalities in consumption patterns of households in various regions.
