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3 years ago

How will consumers react to the incentive of a higher price on a good or service?

Business

2 answers:

Hitman42 [59]3 years ago

8 0

The negative incentive will cause consumers to purchase less of the good or service IF IT IS LOWER QUALITY

boyakko [2]3 years ago

4 0

The negative incentive will cause consumers to purchase less of the good or service

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Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for th

Volgvan

Answer: $8600

Explanation:

Joint cost allocation:

Product :

Loin chops

Pounds - 3000

Price per pound - $5

ground

Pounds - 10,000

Price per pound - 2.00

ribs

Pounds - 4,000

Price per pound - 4.75

bacon

Pounds - 6,000

Price per pound - 3.50

total joint cost - $43000

Sales cost per product :

Loin chops - 3000 × 5 = $15,000

Ground = 10000 × $2 = $20,000

Ribs - 4000 × $4.75 = $19,000

Bacon - 6000 × $3.50 = $21,000

Loin cost allocation is given by :

Total joint cost × (sales value of Loin chops ÷ Total sales value of all products)

$43,000 × ($15,000 ÷ $(15,000 + 20,000 + 19,000 + 21,000))

$43,000 × ( $15000 ÷ $75000)

$43,000 × 0.2 = $8600

3 0

4 years ago

The management at ABC Computers believes that high sales will result in high profits. Together with the company sales force, man

meriva

Answer:

sales orientation

Explanation:

Sales Orientation -

It is the business method to make profit just by selling the products to the customer rather than considering the needs of the customer , is known as sales orientation .

This method is adapted by to increase the profit margin.

Hence , from the question , the company is using , sales orientation .

4 0

3 years ago

An investor is deciding between two projects, both of which have an initial cost of £5,000. One project will return £10,000 in t

snow_lady [41]

Answer:

The answer is: The net present value of the investments

Explanation:

The net present value calculates the current monetary value of a project's future cash flows, using a discount rate. You must remember that $1 today is worth more $1 in the future.

When deciding what projects should be financed, an investor will always look for projects with a NPV ≥ 0, and if he has to decide between two projects, the he will probably choose the project with the highest NPV.

The easiest way to calculate the net present value is to use an excel spreadsheet and the NPV function:

=NPV(rate,value 1, value 2,... value n)

5 0

3 years ago

The ways in which the world's economies are linked

skelet666 [1.2K]

The internet links the Earth's economies.

5 0

3 years ago

Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $3,000. For each of the next 5 y

patriot [66]

Answer:

Mark Johnson

At the end of six years, Mark will have:

= $26,945.

Explanation:

a) Data and Calculations:

Savings for the first year = $3,000

Annual rate of salary and savings increase = 4%

Interest rate = 9%

Savings for Year 2 = $3,120 ($3,000 * 1.04)

Savings for Year 3 = $3,245 ($3,120 * 1.04)

Savings for Year 4 = $3,375 ($3,245 * 1.04)

Savings for Year 5 = $3,510 ($3,375 * 1.04)

Savings for Year 6 = $3,650 ($3,510 * 1.04)

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Savings $3,000 $3,120 $3,245 $3,375 $3,510 $3,650

FV factor 1.677 1.539 1.412 1.295 1.188 1.090

FV = $5,031 $4,802 $4,592 $4,371 $4,170 $3,979

Total FV = $26,945

Total principal contribution = $19,900

Total interest = $7,045

7 0

3 years ago