Answer:
No effect
Explanation:
As with opening of petty cash fund, there is an exchange in the form of asset.
The free cash is now divided in two parts, cash and petty cash.
Both are assets and the closing balance of cash in balance sheet is aggregate of free cash and petty cash.
Therefore, there is no impact in the total assets as now free cash is petty cash which is later added to free cash.
All of them. You want people to be kind, focused, work together, and be smart.
Answer:
B. It is a part of the marketing mix.
Explanation:
Price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price is important to a company because it is a part of the marketing mix.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Price is generally considered to be a variable in the marketing mix that is most flexible because unlike other elements of production, it can be easily changed. An organization can decide to either raise or lower it's price depending on the nature of the market.
Answer:
gives buyers an incentive to buy less of the good than they otherwise would buy
Explanation:
The tax on the product means that it provided the inventive to the buyer in the case when the buyer purchase less of the product as compared when they purchase in other way
So according to the given situation, the tax on a good fits to the first option only
Therefore only first option is correct
Hence, the other options seems incorrect
