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Pepsi [2]
2 years ago
6

When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at

the lowest price in the market. This gradually forced many of its competitors out of business. Once its competitors were out of business, Lofonift Inc. raised its prices. In this scenario, Lofonift Inc. most likely indulged in _____?
Business
1 answer:
mestny [16]2 years ago
8 0

Answer:

Predatory pricing.

Explanation:

When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at the lowest price in the market. This gradually forced many of its competitors out of business. Once its competitors were out of business, Lofonift Inc. raised its prices. In this scenario, Lofonift Inc. most likely indulged in predatory pricing.

Predatory pricing is a strategy used by some business owners to reduce the cost of a particular commodity or item to the lowest possible amount such that the available competitors will be driven out of business.

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A weekly time ticket for Joyce Caldwell follows: Direct Labor Time Ticket Dates: Monday 8/13 − Friday 8/17, 2018 Ticket Number:
dusya [7]

Answer:

Wages  for Job 271= 16* 31= $ 496

Wages  for Job 272= 8 *31= $ 248

Wages  for Job 273= 31*16= $ 496

Explanation:

Job 271, 8+8= 16 hours

Wages  for Job 271= 16* 31= $ 496

Job 272, 4+ 4= 8 hours

Wages  for Job 272= 8 *31= $ 248

Job 273 Weekly =40 - 16- 8= 16 hours

Wages  for Job 273= 31*16= $ 496

Working:

                                      Direct Labor Time Ticket

Dates:

Monday 8/13 −

Friday 8/17, 2018

Ticket Number: TT 338                                 Employee: Joyce Caldwell

                      Date           Time Started           Time Ended        Total Hours

Job Number  8/12/2018      7:00 AM               3:00 PM                   8 hours

Job 271        8/13/2018           7:00 AM             3:00 PM                8 hours

Job 271          8/14/2018        7:00 AM               3:00 PM                8 hours

Job 272            8/15/2018     7:00 AM               11:00 AM               4 hours

Job 272           8/15/2018        12:00 PM            4:00 PM            4 hours

Maintenance 8/16/2018         7:00 AM             3:00 PM            8 hours

Job 273

Weekly Totals 40 hours

Hourly Labor Rate × $31 Total Wages Earned $1,240

7 0
2 years ago
Which of the following are in accordance with IFRS? Cash basis accounting Both accrual basis and cash basis accounting Neither a
Anton [14]

Answer:

Accrual basis accounting

Explanation:

Under Accrual basis of accounting, income is recognized when it is earned and not when actual cash is paid or received.

Under cash basis of accounting, income is only recognized when actual cash is received.

Accrual basis of accounting ensures transactions pertaining to a period are recorded in that period and  it depicts more accurate financial picture unlike in cash accounting wherein income for a period might be overstated or understated.

Following cash basis of accounting is not in accord with both US GAAPs (generally accepted accounting principles) and IFRS.

7 0
3 years ago
The reason a user account was locked out will be investigated within _______ and the documentation of the reason will be kept fo
iren [92.7K]

Answer:

72 hours, 12months

Explanation:

When a user gets locked out of his/her account, it is usually investigated within 72 hours of the complaint being laid. that is 3days.

When the reason is found and and told to the user, the reason is documented and kept for 12 months within which time if there is any need for reference, the document can be easily retrieved and gone through.

Cheers.

5 0
3 years ago
In the language of macroeconomics, investment refers to Select one: a. saving. b. the purchase of new capital. c. the purchase o
N76 [4]

Answer:

The correct answer is letter "B": the purchase of new capital.

Explanation:

In macroeconomics, an investment is a capital that has been acquired with the intention that it will produce income or interest over time. Popular investments include <em>stocks, bonds, real estate, mutual funds </em>and<em>, </em>to a lesser degree<em>, commodities, annuities, and options. </em>

Many investments trade on the open market every day. Global events and company results will cause the price of the investment to rise or fall.

4 0
3 years ago
Chase lives in Oregon but works for a company that is located in Florida. What business trend is this an example of?
sveticcg [70]
Well, I am going to assume that the business trend this is an example of is A. remote workforce.
Given that this person lives in a different part of the country than his company is located in, he is working from a remote location. The other options don't make much sense here. Social responsibility means that you have to behave according to the society's rules. Digital marketing is a way of marketing online. Green business has to do with nature.
6 0
2 years ago
Read 2 more answers
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