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BigorU [14]
3 years ago
5

Biff has just seen an ad in the paper for a new Nissan pickup truck for $15,000. He hurries to his local dealership but is disap

pointed to learn that the truck is already beensold. "Don't worry," the salesman tells him, "I can make you a terrific deal on a different truck for only a few dollars more per month." Which of the following tactics is the salesman using?A. Door in the faceB. Bait and switchC. LowballD. Disrupt then reframe
Business
1 answer:
Sliva [168]3 years ago
7 0

Answer: B. Bait and switch.

Explanation: Bait and switch is a fraudulent sale tactics aim at deceiving customers by placing advertisements for a low price of a product "bait", but when the customer gets there to buy the product it become unavailable then another product with higher price is introduced to the customer " switch".

In this case Biff was made to believe he can get a Nissan for $15,000 but on arrival the salesman claims product sold out and then introduced him to a different truck with higher price which was the salesman plan initially.

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A. State and describe the concept that leads to "conflict of goals between a firm's managers and its shareholders. Give a modern
qaws [65]

Answer: See explanation

Explanation:

a. State and describe the concept that leads to "conflict of goals between a firm's managers and its shareholders. Give a modern day example of this concept, and discuss some potential solutions.

This is referred to as the agency problem. This brings about conflict of goals between the manager and the shareholders. An example is when the managers use the resources of the company for their own personal benefits or in a scenario whereby the managers fake the earnings so that the stock prices will rise temporarily.

b. State and describe the concept that states, "factors of production are somewhat immobile." Give an example with detail.

This is referred to as imperfect market theory. When transferring labor, capital or other resources, there are costs attached to the transfer and restrictions as well. .

4 0
2 years ago
Tevebaugh Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied over
amm1812

Answer:

c

Explanation:

8 0
3 years ago
An MRP system that is updated periodically to account for all changes which have occurred within a given time interval is called
Rudik [331]

Answer:

B) regenerative

Explanation:

A material requirements planning (MRP) system is used to merge several production activities into one single system that controls production and inventory. It's similar to ERP systems but it only focuses on the production area of a company. Using MRP systems enables production planning, scheduling, and control of production inputs (e.g. materials).

All MRP systems should be regularly updated in order to be efficient.

8 0
3 years ago
Suppose that the price of a good decreased. The substitution effect shows the change in consumption for all goods in reaction to
Lapatulllka [165]

Answer:

The correct answer is "relative prices; utility". A further explanation is provided below.

Explanation:

  • The conditions of a connection or bond between variables customer demand or perhaps the proportion of such a given cost of production to the normal distribution of so many other products available throughout the marketplace.
  • Individual's pleasure is usually measured by the consumption of that same goods and services.

Thus the above is the correct answer.

4 0
3 years ago
You have a portfolio that is invested 11 percent in Stock R, 56 percent in Stock S, and the remainder in Stock T. The beta of St
Kruka [31]

Answer:

The beta of stock T is 1.82

Explanation:

The portfolio beta is made up of the weighted average of the individual stock betas in the portfolio.

The formula for portfolio beta is,

Portfolio beta = wA * beta of A + wB * beta of B + ... + wX * beta of X

The weight of stock T in the portfolio is = 1 - (0.11 + 0.56)   = 0.33 or 33%

Let beta of Stock T be x. The beta of Stock T is:

1.47 = 0.11 * 0.84  +  0.56 * 1.39  +  0.33 * x

1.47 = 0.0924 + 0.7784 + 0.33x

1.47 - 0.0924 - 0.7784 = 0.33x

0.5992 / 0.33 = x

x = 1.815 rounded off to 1.82

3 0
3 years ago
Read 2 more answers
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