Price and quality exist positively correlated. A drastic fall in the price of a necklace shows a drastic fall in its quality.
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What is price?</h3>
A price exists as the quantity of payment or compensation provided by one group to another in return for goods or services. In some situations, the price of production has various names. If the product exists as a "good" in the commercial exchange, the payment for this product will likely be named its "price".
A positive correlation exists as a connection between two variables that move in tandem—that is, in the same direction. A positive correlation exists when one variable decreases as the other variable declines or one variable increases while the other increases. A positive correlation indicates that both variables change in the same direction. A negative correlation indicates that the variables change in opposite directions. A zero correlation signifies there's no association between the variables.
Price and quality exist positively correlated. The price of a product stands as a good indicator of its quality. You always have to spend a bit more for the best. The marketing literature has managed the usage of price as a surrogate for quality as a decision-making heuristic. That exists; the higher the price, the higher the quality.
Therefore, a drastic fall in the price of a necklace shows a drastic fall in its quality.
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Outstanding shares will be 12,000 shares.
These are calculated as follows:
Here the number of shares are as follows;
Authorized shares are 20,000, Issued shares are 15,000, Treasury shares are 3,000
Therefore, the number of outstanding shares can be calculated as follows
Number of outstanding shares = Issued stock- Treasury stock
= 15,000-3,000
= 12,000
Hence the number of outstanding shares is 12,000
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Answer:
The Total Cost of Inventory is $4,024,000
Explanation:
The computation of the total cost is shown below:
= Purchase cost + ordering cost + carrying cost
where,
Purchase cost = Annual consumption × Cost per unit\
= 80,000 × $50
= $4,000,000
Ordering cost = (Annual demand ÷ EOQ) × Cost to place one order
= (80,000 ÷ 8,000) × $1,200
= $12,000
Carrying cost = (EOQ ÷ 2) × carrying cost percentage × Cost per unit
= (8,000 ÷ 2) × 6% × $50
= $12,000
Now put these values to the above formula
So, the value would equal to
= $4,000,000 + $12,000 + $12,000
= $4,024,000
Staff, worker, hired help
Answer:
delight
Explanation:
Consumer satisfaction refers to the level of happiness that a customer derives from the consumption or use of any product or service. The information related to the customer satisfaction is derived from the surveys and ratings. These information helps in the betterment and improvement of the product and services.
Delighting the customer is a very important part of marketing. This helps in maintaining the customer relation.
