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marysya [2.9K]
3 years ago
13

_______ is a tactic in which a firm deliberately prices a product above the prices set for competing products to capture those c

ustomers who always shop for the best, or for whom price does not matter. Multiple Choice A. Target return pricing B. Target profit pricing C. Status quo pricing D. Competitive parity E.Premium pricing
Business
1 answer:
Marizza181 [45]3 years ago
7 0

Answer:

Premium pricing

Explanation:

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C B D

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4 years ago
Sumner sold equipment that it uses in its business for $31,800. Sumner bought the equipment a few years ago for $79,100 and has
-Dominant- [34]

Answer:

Sumner's has a loss of $-7750 from the sale of the equipment

Explanation:

Solution

Given that:

We compute the amount  of profit and loss, few steps will be taken which is given below:

Step 1: we compute the book value of the equipment which is shown below:

Book value = purchase price - depreciation claimed

= $79,100 -$39,550

= $39550

Therefore then book value is $39,550

Step 2: we calculate the amount of Sumner's gain or loss which is shown below:

The gain (loss) is = the value (sale) - book value

= $31,800 - 39550

= -7750

Therefore the loss from the sale of the equipment is -$7750

Which implies that Sumner's has a loss of $-7750

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