An unfavorable variance is produced
Price is the element of the marketing mix that corresponds to what the buyer gives up in the marketing exchange.
<h3 /><h3>What is the marketing mix?</h3>
They are the set of activities performed by marketing to promote a product or service and increase the profitability of a company. The four Ps of marketing are:
- Product
- Price
- Place
- Promotion
Therefore, the objective of the marketing mix is to increase the value of the brand and its positioning through the creation of value for the consumer.
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Answer:
B. People do not like to act predictably, even with perfect information.
Explanation:
Rational choice theory states that people tend to make logical calculations when they are trying to make choices. This is aimed at making sure that choices made are in line with their objectives.
The expectation is to provide the individual with greatest satisfaction.
Therefore people choose the optimal solution and not just the acceptable one.
The individual's ability to conduct analysis can limit their rationality.
However the statement that people do not act rationally even with perfect information is in conflict with the rational choice theory
Answer: The correct answer is "C) a cost that cannot be avoided because it has already been incurred.".
Explanation: Sunk costs are those costs that have already been incurred and cannot be recovered in the future.
Example: Suppose a company wants to launch a new product for which it has commissioned a market study whose cost is $ 5000.
Once the market study is obtained, the company is not convinced that the product will be successful. When analyzing the decision The first thing to recognize that the expenses incurred ($ 5000) are sunk costs, will not be recovered and therefore should not influence the decision about the product.
Answer:
$21,950
Explanation:
Based on the information given Assuming both of them do not live in a community property state Eugene's taxable income will be calculated as:
Income Earned (Velma) $30,000
Less Eugene's itemized deductions ($4,000)
Less Standard deduction ($4,050)
Eugene's taxable income$21,950
Therefore Eugene's taxable income will be $21,950
