Prestige pricing is a unique pricing method involving products which would actually generate less overall profit at lower prices than higher prices. As long as the product is views by the public as being "prestigious," it will be in greater demand at the higher price. If the price were lowered, the public opinion of the product would be lower and the product would be seen as less desirable. This results in the product selling less at the lower price than at the higher price.
1. Add vibrant colours on key points to help them stand out.
2. Do not have too much text on your powerpoint slides; try to memorize your lines.
3. Use bullet points to clearly explain your aim.
Just some ideas :)
Answer:
$245
Explanation:
Surrender Charge is a fee on the withdrawal of fund invested in an annuity contract or mutual fund. This charge is placed to restrict or discourage the investor from withdrawing money from the fund.
In this question Sophia paid $25,000 for annuity contract and there are surrender charges as below:
First year surrender charges = 7%
Declines by 1% each year
Withdrawal limit without charge = 10% of Investment = 10% x $25,000 = $2,500
Withdrawal Amount = $6,000
Withdrawal over 10% = Withdrawal Amount - Withdrawal limit without charge
Withdrawal over 10% = $6,000 - $2,500
Withdrawal over 10% = $3,500
Surrender charges = Withdrawal over 10% x First year surrender charges
Surrender charges = 3,500 x 7%
Surrender charges = $245
Answer:A
Explanation:
Since express warranty is an agreement by seller to provide repairs or replacement for a faulty product,component or services within a specified period of time.
Answer:
The correct answer is letter "C": continuing to employ workers during a recession to ensure they will be available in the recovery.
Explanation:
A recession is the stage of the economic cycle in which the growth downturns. This causes investments to drop and, as a result, the unemployment rate increases. However, some entities decide to keep their labor force intact during recessions even if it implies reducing employees' productivity since there is not much to do. This practice is called labor hoarding.
Labor hoarding allows companies to have the necessary level of the workforce for the time the economy recovers. Firms engaging in this practice are already planning their future operations instead of focusing only on the current financial hardship.
