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atroni [7]
3 years ago
12

A company introduces a new product in the market. The company decides that the only way it could attract customers is to keep th

e price of the product lower than what its competitors charge. What advantage would the company enjoy because of the strategy it proposes to follow?
Business
2 answers:
8_murik_8 [283]3 years ago
7 0

Answer:

Company would make more money than other companies.

Explanation:

Because customers would buy more.

topjm [15]3 years ago
4 0
Lowering prices leads to higher sale volumes , making up for the lower profit margin .
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Consumers and business in the market economy seek to earn money so they can buy products so that they don't go out of business.

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Which of the following helps economists judge the overall condition of a
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Measuring economic indicators helps economist judge the overall conditions of a country's economy.

Explanation:

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An electrician charges $50 to make a house call and $40 for each hour worked. if you have $200, can you afford a repair that tak
Neporo4naja [7]
No, it would cost $210. 
Each hour charges $40. 4 hours alone is $160.
On top of that, calling the electrician is a flat rate of $50. In total, it would cost $210. 

More mathematically, you could set up an equation. 

(Price) = $50 + $40 * (hours) 

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4 0
3 years ago
From the following list, identify those that are likely to serve as source documents.
Flura [38]

Answer:

Telephone bill

Sales ticket

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Bank statement

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Explanation:

Source documents in accounting are defined as the original record of a transaction that contains transaction details and provides evidence that a transaction occurred.

It is source of information entered into the accounting system. They can be printed on paper or electronic in nature.

From the given list the following are source documents: Telephone bill, Sales ticket, Invoice from supplier, Bank statement, Prepaid insurance.

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6 0
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