Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's (B) price is set too high in their minds.
- Consumers assume that a higher price denotes a higher quality, but they also assume that they will have to make a bigger financial investment to buy the product.
- As a result, perceived value is the result of the trade-off between perceived quality (i.e., gain) and perceived sacrifice (i.e., loss).
- Lower costs may help you win the sale if the customer feels like they are receiving a good deal.
- On the other side, cheap prices could imply that the item is of subpar quality.
<h3>What is consumer perception of price?</h3>
- Price perception is influenced by how well people comprehend and interpret price information.
- One of the customer evaluations used to compare the level of sacrifice required to receive items and services is price perception (Zeithaml,1988).
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Answer:
Anderson Cleaning Service's liabilities were $2,160
Explanation:
Basing on accounting equation:
Total asset = Liabilities + Owner's (or Stockholders') Equity
Liabilities = Total asset - Owner's (or Stockholders') Equity
At the end of a recent year, Anderson Cleaning Service had total assets of $5,810 and equity of $3,650
Anderson Cleaning Service's liabilities = Total asset - Equity = $5,810 - $3,650 = $2,160
The type of portfolio that the young investor who is not
afraid of risk choose is the portfolio with a high percentage of stocks. Stocks
are able to return higher compared to others and this makes it give a high risk
because of its performance of providing losses or either profit. The answer is
letter D.
<h3><u>Answer;</u></h3>
credit, debit, and debit, respectively
<h3><u>Explanation</u>;</h3>
Normal balance of sales; Credit
Normal balance of sales discount; Debit
Normal balance of sale returns and allowances; Debit
- A normal balance is the expectation that a particular type of account will have either a debit or a credit balance.
- The normal balance of sales is credit.
- The sales returns and allowances account is subtracted from sales because these accounts have the opposite effect on net income. Therefore, sales returns and allowances is considered a contra‐revenue account, which normally has a debit balance.
- The account Sales Discounts is referred to as a contra-revenue account. Therefore; its is debit balance.
Organizations with adhocracy cultures are described as
externally focused and valuing flexibility. Adhocracy is a corporate culture that shows
ability to adapt to change which shows how flexible an organization is. It is
also functions well in small group of organizations which focuses on innovations
of the company. Adhocracy shows the following characteristics of having low
procedure standards, work organization is only in specialized teams, and job
roles are not specified to make them flexible and work to any task that can be
assigned to them.
