Price is the value that is put into a product or service As a result of lots of calculations, research, understanding, and risk-taking. A pricing strategy, on the other hand, is the smart way a company makes in order to target and attract customers. There are four pricing strategies:
<span>1. </span>Premium pricing
<span>2. </span>Penetration pricing
<span>3. </span>Economy pricing and
<span>4. </span>Skimming pricing
Premium pricing and skimming strategy both use a high price while penetration pricing and economy pricing use a low price. <span>
<span>When Dillard company reduced the price of children’s Levis from $31.99 to $24.99, the used the penetration pricing. And when the manager of Jenney instructed his staff to do the same, he used the penetration pricing strategy also to attract customers. </span></span>
Answer: A. True
Explanation:
Clive Thompson on Why the Next Civil Rights Battle Will Be Over the Mind shared the above.
According to C. Thompson he said "That means we need to stop seeing this stuff as science fiction and start thinking about how we'll react to it. Otherwise, we could all lose our minds."
The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.
Answer:
$113.86 billion
Explanation:
Real GDP = nominal GDP/ price index
Real GDP = $14460 billion / 127 = $113.86 billion
I hope my answer helps you
Answer:
Jordan Enterprises
1) The impairment loss = $110,000.
2) Journal Entry to record the impairment loss:
Debit Broadcast License Impairment Loss $110,000
Credit Accumulated Impairment Loss $110,000
Explanation:
a) Data and Calculations:
Broadcast license original cost (book value) = $786,000
Market value of similar broadcast license = 676,000
Impairment loss = $110,000
b) US GAAP defines impairment loss as the decrease in an asset's net carrying value. This means that impairment loss arises when the book or net carrying value is greater than the future estimated cash flows or the market value of the asset.