Answer:
skimming prices
Explanation:
Based on the scenario being described it can be said that it can be concluded that Timber Guitars has adopted the strategy of skimming prices. This is a a pricing strategy in which a company or marketer sets a relatively high starting price for their products in the beginning of introducing it into the market, then only after some time has passed do they begin to lower prices slowly. Which is what Timber Guitars has done by placing the guitar at a very high price and only lowering it after a good quantity were sold.
Answer:
Vertical acquisition
Explanation:
According to my research on information technology businesses, I can say that based on the information provided within the question this is an example of a Vertical acquisition. This is the process of buying a firm that is in the same industry in which the acquired firm and the acquiring firm represent different steps in the production process.
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Answer:
Depreciation for 2017
Account - Dr - Cr
Depreciation expense $4900
Accumulated Depreciation $4900
Depreciation for 2018
Account - Dr - Cr
Depreciation expense $4900
Accumulated Depreciation $4900
Sale of Truck:
Account - Dr - Cr
Cash $5300
Equipment $22,000
Accumulated Depreciation $9800
(4900*2)
Loss on Sale $6,900
Explanation:
- Depreciation = (Cost + Sales tax - Salvage value) / useful life
=(20515+1485-2400)/4
=$4900
- Book value = Cost + Sales tax - Annual depreciation computed in (a) * 2 years
=20,515+1,485-4900*2
=$12,200
Gain (loss) = Proceeds - Book value
=5,300 -12,200
=$6,900
Answer: brand extension
Explanation: Brand extension refers to a marketing strategy which involves a well-known, developed and popular brand who has enjoyed continuous success in a particular market aims to delve into another area of the market or totally different product category using the same brand name.
In the scenario above, Colgate, a household name in toothpaste manufacturing decided to launch the Colgate kitchen entree which an entirely different market domain. The innovation strategy wasn't successful as it got consumers confused who saw them as developers iating from their original domain. Even though Colgate's intention was to use their existing popularity to extend their brand.
Master plan is usually devised for long term goals.
Long term goals need a better master plan to be able to be achieved.
Master plan already have plans on how to face risks or threat that will be a challenge along the way. That's why the answer is B