Companies must periodically audit their brands' strengths and weaknesses, which might turn up brands that need more support, brands that need to be dropped, or brands that must be rebranded or repositioned because of changing customer preferences or new competitors.
<span>Some pharmaceutical companies use the symbolic or prestige pricing strategy to price their OTC drugs. They do this because many consumers see a price and assume the potency of the drug on the dollar amount--something more expensive is assumed to be more potent. Symbolic/prestige pricing assumes high prices equal high quality in the minds of consumers.</span>
In some cases, it is safe to avoid insurance because it may not be needed.
<h3>What is insurance?</h3>
Insurance is when a third-party promises to indemnify the insured for losses they might suffer in the future in exchange for agreed upon payments.
For example, a person may take a catastrophic insurance. If an earthquake or a flood occurs, the insured would be paid.
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Answer & Explanation :
Indifference Curve is a graph showing product combinations, that give consumer the same level of satisfaction.
It is a downward sloping curve, as remaining at same level of satisfaction - if consumption of one good increase, consumption of other good decrease & vice versa.So, the two goods are inversely related and the curve downward sloping
The curve is also concave i.e inwards bowing towards origin. This is because of increasing Marginal Rate of Substitution. MRS is ratio of good sacrifised to gain an additional unit of other good, staying at same satisfaction level & same indifference curve. MRS is slope of IC ; it is decreasing because - as consumer gains more & more of a good, he/ she is willing to sacrifise lesser & lesser amount of the sacrifised good each successive time.
- A downward sloping concave inward bowing towards origin IC shows diminishing MRS
- Any point 'A' on PPC shows product combination that yields same level of satisfaction to consumer as all other points on PPC
- Line of slope ΔY/ΔX reflects good sacrifised, good gained ratio i.e MRS (At point A).
Answer:
$28,000
Explanation:
we need to calculate the loss on the sale of the building:
sales price - basis = $50,000 - $80,000 = ($30,000)
- Harry = ($30,000) x 40% = ($12,000)
- Landers = ($30,000) x 40% = ($12,000)
- Waters = ($30,000) x 20% = ($6,000)
- total loss = ($30,000)
the partners basis:
- Harry = $40,000 - $12,000 = $28,000
- Landers = $30,000 - $12,000 = $18,000
- Waters = $15,000 - $6,000 = $9,000
- total = $55,000
Since the partners' basis ($55,000) equal the total available cash ($5,000 cash and $50,000 proceeds from sale = $55,000), then each partner will receive an amount equal to their basis.
- Harry = $28,000
- Landers = $18,000
- Waters = $9,000
