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vredina [299]
3 years ago
11

What are price points”

Business
2 answers:
tatyana61 [14]3 years ago
5 0

Answer:

a point on a scale of possible prices at which something might be marketed

Explanation:

a point on a scale of possible prices at which something might be marketed

Tasya [4]3 years ago
3 0

Answer:

Your parents go crazy because they dont know what to do about your learning issues

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The following two graphs show the markets for smartphones in Sweden and Norway. Use the graphs to answer the questions that foll
zalisa [80]

Answer:

Assume there are no transportation costs. With trade, the price of $22.5 brings about balance in exports and imports. At this price, 600 smartphones are traded. With trade, Sweden produces 900 smartphones and consumes 300 smartphones, and Norway produces 300 smartphones and consumes 900 smartphones.

Now suppose the per-unit transportation cost from Sweden to Norway is $5. With trade, the transportation cost changes the price of smartphones in Sweden to $25 and in Norway to $25. Sweden will produce 800 smartphones and consume 400 smartphones, thus exporting 400 smartphones. Norway will produce 400 smartphones and consume 800 smartphones, thus importing 400 smartphones.

Explanation:

With no transportation costs, Sweden shall export smartphones and Norway shall import smartphones because the market price is lower in Sweden than in Norway.

The demand and supply functions for smartphones in Sweden, derived from the given values, are:

Q_{D} = 1200 - 40P\\

Q_{S} = 40P

The export supply (ES) equation is:

ES = Q_{S} - Q_{D}

ES = 40P - (1200 - 40P)

ES = 80P - 1200

The demand and supply functions for smartphones in Norway, derived from the given values, are:

Q_{D} = 1800 - 40P

Q_{S} = 40P - 600

The import demand (ID) equation is:

ID = Q_{D} - Q_{S}

ID = 1800 - 40P - (40P - 600)

ID = 2400 - 80P

The equilibrium price and quantity traded is determined where ES = ID.

80P - 1200 = 2400 - 80P

This simplifies to P = 22.5

Q = 2400 - 80(22.5) = 600

Next, a transaction cost of $5 per unit is imposed from Sweden to Norway. This changes the ES function as follows.

New ES = 80(P - 5) - 1200

New ES = 80P - 1600

The new equilibrium is where New ES = MD.

80P - 1600 = 2400 - 80P

This simplifies to P = 25

Q = 80(25) - 1600 = 400

7 0
3 years ago
A management concept based on an understanding of the changing wants and needs of customers, and which leads to flexible product
goldfiish [28.3K]

Answer:

customer orientation

Explanation:

customer orientation can be regarded as business approach where the company helps the customer to achieve their aim and goals.

4 0
2 years ago
Mountain High Ice Cream Company transferred $68,000 of accounts receivable to the Prudential Bank. The transfer was made with re
horrorfan [7]

Answer:

Entries are given below

Explanation:

Calculations

Cash = ($68,000 x 90%) - ($68,000 x 2%)

Cash = $61,200 - $1,360

Cash = $59,840

Loss on sale = ($68,000 + $3,800) - ($59,840 +$5,800)

Loss on sale =  $71,800 - $65,640

Loss on sale = $6,160

Entries

                                                   DEBIT      CREDIT

Cash                                           $59,840

Loss on sale                              $6,160

Receivable from factor            $5,800

Recourse liability                                        $3,800

Receivables                                                  $68,000

4 0
3 years ago
Worldwide Electronics is a global manufacturing firm that produces televisions, monitors, and other consumer electronic equipmen
Paha777 [63]

Answer:

Explanation:

1. JH Green, Corporate Personnel Officer   - Discretionary cost center

2. Kalya Borodina, Sales Manager, Peru     - Revenue center

3. Jay Smith, Chief Executive Office            -  Investment center

4. Andres Goya, Vice-President, South America  - Profit center

5. Irene Chan, Mexico City Plant Manager   - Cost center

6 0
2 years ago
What is a market economy regulated by?
miskamm [114]

Answer:

Producers and consumers :)

Explanation:

Market economies are run by buyers and sellers, there is no government involved.

6 0
3 years ago
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