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Kitty [74]
3 years ago
7

Matt's retail store offers all products at $2 less than its competitors. The store never runs promotional campaigns or offers sp

ecial discounts. Matt's retail store is following a(n) ________ pricing policy.
1. auction-type
2. going-rate
3. high-low
4. target-plus
5. everyday low
Business
1 answer:
olya-2409 [2.1K]3 years ago
8 0

Answer:

5) everyday low

Explanation:

An everyday low pricing policy (or strategy) refers to simply selling your products at a cheaper price than your competitors.

For example, bargain stores usually sell their products at a lower cost than the competition, Walmart, Target and Kmart are supposed to be bargain or discount stores. Another common type of retail store that uses this pricing strategy are outlet stores, specially clothing outlet stores.

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Assume that an individual puts $10,000 into a savings account that pays 3% interest, with interest being compounded monthly. The
Lemur [1.5K]

Answer: $11,620

Explanation:

A=P(1+r/n)^nt

A=$10,000(1+0.03/12)^12×5

A=$10,000(1+0.0025)^60

A=$10,000(1.0025)^60

A=$10,000(1.162)

A=$11,620

Note: A= Future value

P= principal

r=Interest rate

n= no.of time Interest is compounded

t= time money is invested.

6 0
3 years ago
Two lines intersect and form adjacent right angles what is the realationship between the two lines
frez [133]

An angle is formed when two lines or rays or line segments meet or intersect. ... A linear pair is a pair of adjacent angles whose non-common sides are opposite rays. • When two lines intersect, the vertically opposite angles so formed are equal.

6 0
3 years ago
What is the market value of a stock that paid a dividend of $3.80 last year if the dividend is increasing at 10% annually and th
Papessa [141]

Answer:

The market value of the stock is $41.8

Explanation:

Div 1 = Div 0 (1+r)

=3.80 (1+0.10)

=3.80(1.10)

=4.18

Market value of the stock= Dividend 1 / (r-g)

= 4.18 / 0.2 - 0.1

= 4.18 / 0.1

= $41.8

The market value of the stock is $41.8

7 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and Year 1 has been selected as the base year. In
kolbaska11 [484]

Answer:

110

Explanation:

The consumer price index is an index that measures the inflation rate in a country. It tracks changes in prices for a basket of products and services in a country over time. CPI is calculated with a base year as the reference period.

The formula for calculating CPI with a base year is as below.

consumer price index=cost of the market basket in a given year   x100

                                     cost of a market basket at the base

In this case,

CPI  =  $ 55   x 100

            $ 50

CPI = 1. 1 x 100

CPI =110

7 0
3 years ago
Beef and leather belts are complements in production. If concern about health and diet shifts the demand curve for beef leftward
padilas [110]

Answer:

Decrease in Supply ; Increase in Price

Explanation:

Complements in Production are goods which are produced jointly using a given resource. Eg : Beef , leather belts & wheat , straw.

Law of Supply states that Price of a good & its supply are directly related. Price & supply of complements in production are also directly related.

If price of a good rises, supply of the good & its complement(s) in production rise. If price of a good falls, supply of the good & its complement(s) in production fall.

So: Leftwards shift in demand curve of beef, i.e decrease in demand of beef- will create excess supply of beef. Excess supply will create competition among sellers & reduce its price.

As beef & leather belt are complements in production : Decrease in price of beef will reduce the supply of leather belts. This decreased supply (leftwards shift) will create excess demand in leather belt markets & competition among buyers increase their price.

3 0
3 years ago
Read 2 more answers
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