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4 years ago

Which factor sets the ceiling on setting a product's price?

1 answer:

7 0

Customer's perceptions set the price ceiling - if they see the price as too high they won't buy it, demand will fall, and so will the equilibrium price. Their perception on the fairness of the price will affect how high the price can go before losing sales.

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Amanda, a single parent, is looking for a new job. Considering that she has two school-aged children, she is particularly keen o

Sloan [31]

Decision Criteria are defined as prerequisites, guiding concepts, and standards applied by companies for selecting their candidates who is the best fit for their company.

<h3><u>What are decision criteria?</u></h3>

Principles, requirements, or standards are referred to as decision criteria. This may include particular requirements and rating schemes like a decision matrix. As an alternative, a decision criterion could be a flexible guideline.

<h3><u>What are the types of decision criteria?</u></h3>

Generally speaking, there are three basic sorts of decision criteria:

Technological - Does your solution fit the criteria in terms of its technical viability for the given requirements?
Economic - Concerns relating to the financial, risk, and efficiency viability of your solution.
Relationship: To what extent do the goals and ideals of the two organizations coincide?

You can learn more about decision criteria using the following link:

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7 0

2 years ago

John is planning to take out a personal loan for $4,500 to buy a car. He would like to keep his monthly payments at or below $15

klemol [59]

The greatest interest rate that John can accept and meet the criteria is 12.25% compounded monthly

The monthly payment formula for a loan:

$p= (\frac{pv \times r}{1-(1+r} )^{nt}$

Where PV is the principal value of the loan,

r is the rate per month,

n is the number of months,

Here, PV = $ 4,500, n = 36,

Let r be the annual rate of interest,

P ≤ 150

$p= (\frac{4500 \times \frac{r}{12} }{1-(1+\frac{r}{12}} )^{36}\leq 150$

$375\times r \leq 150-150\times (1+\frac{r}{12})^{36}$

$r\leq 0.1225$

Thus, the greatest annual interest rate = 0.1225 = 12.25 %

Therefore, Option C is correct.

To know more about the monthly payments and interest rate, refer to the link below:

brainly.com/question/2557439

3 0

2 years ago

Read 2 more answers

Bev owns 500 acres of timberland. She grants a nonexclusive easement in gross to Kelly. Kelly later apportions the easement by s

Andre45 [30]

Answer:

B) Bev could intervene and disallow the apportionment since only exclusive easements in gross can be apportioned.

Explanation:

There are two types of easements:

easements in gross (exclusive easements) give legal right to use another person's land as long as the holder the easement lives or the title of the land is passed to another owner. This type of easement can be partially transferred.
appurtenant easements (non-exclusive easements) gives legal right to use adjourning property, this right is transferred when the land is sold. This type of easement cannot be divided or partially transferred.

8 0

3 years ago

Anybody wanna zoom ?

Ne4ueva [31]

Answer:

sorry i have school but others day maybe tomorrow

5 0

3 years ago

Data concerning Wang Corporation's single product appear below: (Do not round your intermediate calculations.)

Kipish [7]

Answer:

The break-even in monthly dollar sales is closest to $215,000

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = $144,050/($230.00 - $75.90) = 935 units

The break-even in monthly dollar sales = 935 x $230.00 = $215,000

5 0

4 years ago

Which factor sets the ceiling on setting a​ product's price?

Which factor sets the ceiling on setting a product's price?