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Sedbober [7]
2 years ago
10

The market for laundry detergents in a country has several​ players, each with a slightly differentiated product. Squeaky Clean​

Inc. produces and sells​ 20,000 tons of household laundry detergent in this market at a price of​ $4 per pack. Alex​ Dawson, the operations manager of the​ firm, thinks that a​ 50-cent increase in the price per pack of the laundry detergent will increase the​ firm's profits. The marketing​ manager, Rick​ Arnold, however, feels that an increase in price will adversely affect the demand for its product and profits will actually decline. Which of the​ following, if​ true, will strengthen​ Alex's argument?
a. Shares of Squeaky Clean are being actively traded in the stock market.
b. Squeaky Clean has recently launched a new range of car washes.
c. The current prices of most of Squeaky​ Clean's products are lower than the prices of competing brands.
d. The demand for industrial detergents is likely to increase in the near future.
e. A market survey shows that a close rival has now overtaken Squeaky Clean in quarterly sales.
Business
1 answer:
Sedbober [7]2 years ago
5 0

Answer:

c. The current prices of most of Squeaky​ Clean's products are lower than the prices of competing brands.

Explanation:

If this statement was given to be true, it would be evident that Squeaky Clean​ has a competitive advantage based on the lower price, meaning consumers are probably opting for this brand because of the competitive price.

So, if they increase the price for 50 cents, consumers wouldn't perceive it as a deal-breaker, as their median price will still remain lower than those of competitors'.

Therefore, this slight increase in the price of one product will be significant for overall profit.

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John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure.
-BARSIC- [3]

John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure. He should use transport layer security.

    A widely used security technology called Transport Layer Security, or TLS, enables privacy and data security for communications over the Internet. Encrypting communication between web applications and servers, such as when web browsers load a website, is one of the main applications of Transport Layer Security.

  The Transport Layer Security protocol achieves its goals primarily through the use of encryption, authentication, and integrity.

Data transfer is protected from third parties by encryption.

Authentication is the process of confirming the identity of the persons sharing information.

Integrity: demonstrates that the data hasn't been altered or falsified.

To learn more about Transport Layer Security click here:

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5 0
1 year ago
What does free contract mean?
lozanna [386]
In economics, free contract is the concept that people may decide what agreements they want to enter into. Acontract may be described as freewhen it is free from force or fraud.
7 0
2 years ago
Concord Company on July 15 sells merchandise on account to Pharoah Co. for $3800, terms 3/10, n/30. On July 20 Pharoah Co. retur
babunello [35]

Answer:

The amount of cash received from this sale on July 24 is $1940.

Explanation:

The sell of merchandise on July 15 will result in an increase in sales revenue of $3800 and accounts receivables of $3800. The entry would be,

July 15 Accounts receivable     $3800 Dr

                 Sales revenue              $3800 Cr

The sales return of $1800 will reduce the amount of accounts receivables. The amount of accounts receivables outstanding and eligible to receive payment from will be (3800 - 1800) = $2000

The accounts receivables are offered a 3% discount if they pay within the 10 days of sale. On July 24, the payment is received within discount period and the discount allowed will be,

Discount allowed = 2000 * 0.03 = $60

The cash received will be $2000 - $60 = $1940

6 0
2 years ago
SartainC orporation is planning its annual budget and has the following beginning and ending inventory levels planned for the ye
torisob [31]

Answer: c. 530,000 grams

Explanation:

Finished goods that should be produced in the year;

= Units to be sold + ending inventory - beginning inventory

= 170,000 + 32,000 - 22,000

= 180,000 units of finished goods.

Each unit of finished good requires 3 grams of raw material;

= 180,000 * 3

= 540,000 grams

Raw materials to be purchased;

= Raw materials needed + ending inventory - beginning inventory

= 540,000 + 42,000 - 52,000

= 530,000 grams

7 0
2 years ago
According to Lewin's Change Model, an organization must deliberately change old habits, learn new work methods, and accept the n
Tpy6a [65]

Answer:

True

Explanation:

To understand the new working environment, and the changes in the overall market structure; it is very important to learn new methods and change old habits that is exactly what Lewin change model explains. This model emphasises on the importance of a change as part of a job to cope with the new era of globalisation.

7 0
3 years ago
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