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4 years ago

Which demand situation occurs when a competitor offers a similar product or service at a lower price?

Business

1 answer:

Naya [18.7K]4 years ago

3 0

Answer:

Falling demand

Explanation:

Falling demand refers to a situation where the sales volume of a good or service is on a continuous decline compared to the previous seasons. Consumers are no longer finding that particular product or service appealing to buy. Falling or declining is also referred to as faltering demand.

The introduction of a similar product by competitors at a lower price may lead to a decline in demand for the existing goods. Customers will prefer the new cheaper product. As a result, the more expensive and old product will experience falling demand.

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A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its int

mrs_skeptik [129]

Answer:

Value Analysis

Explanation:

A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its intended function at the lowest total cost is value analysis.

Value analysis or Value re-engineering can be defined as the systematic and critical assessment by an organization of every feature of a product to ensure that its cost is no greater than is necessary to carry out its functions.

Furthermore, value analysis is intended to improve the "value" of goods or products and services by evaluating function in relation to cost.

8 0

3 years ago

Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. A. Hudson's signature toy, the Witty Para

mr Goodwill [35]

Answer:

trade secret

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region.

The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of a(n) ________.

Trade secret can be regarded as one of the intellectual property which is a process/ practice such as design, patterns or instrument that is generally not revealed outside the company. It gives a company an edge over her compititors

8 0

3 years ago

At friendly financial consulting, wayne thurston is allowed to choose what time he starts his workday, and can come to work any

9966 [12]

The correct answer is flex time.

Wayne is working under a system of flex time. Flex time is a system of working a set number of hours with the starting and finishing times chosen within agreed limits by the employee.

4 0

3 years ago

Coffman Company sold bonds with a face value of $1,000,000 for $940,000. The bonds have a coupon rate of 10 percent, mature in 1

melomori [17]

Answer:

Journal Entry

January 1

Dr. Cash $940,000

Dr. Discount on Account Receivable $60,000

Cr. Bond Payable Account $1,000,000

Explanation:

The difference between the face value of the bond and the sale value of the bond is known as premium or the discount on the bond. If the face value is higher from the sale value the bond is issued on the discount and if the sale value of the bond is higher than the face value the bond is issued on the premium.

Discount on the Bond = Face value - Sale value = $100,000 - $940,000 = $60,000

The discount amount will be recorded in Discount on Bond Payable Account and will be amortized over the 10 years until the maturity of the bond.

7 0

4 years ago

Usings to - Do List effectively is likely to help students with which of the following?

astra-53 [7]

Listening,answers,Focus in class I think. I hope this help!

7 0

3 years ago