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trasher [3.6K]
3 years ago
7

Imagine you having your own business, what would be your pricing strategy and why?

Business
1 answer:
andreev551 [17]3 years ago
7 0
A good pricing strategy is difficult and it depends on what your doing/selling. You need to be reasonable with your prices or no one will buy them so you need to be extra careful when it come to pricing. For example DO NOT sell a tiny little sticker that’s barely the size of your hand for $10. That just would not be reasonable and no one will want to buy it so instead you should put the price at 1-3 dollars depending on the size and quality of the sticker.
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If Mikael decides to go out with his friends instead of study for his biology test, what is the opportunity cost?
denis-greek [22]

Answer:

Studying his biology test

Explanation:

opportunity cost refers to the cost of the forgone alternative inorder to enjoy another service

7 0
3 years ago
Standard Quantities Allowed of Labor and MaterialsMiel Company produces ready-to-cook oatmeal. Each carton of oatmeal requires 1
jok3333 [9.3K]

Answer:

Part I :

1) Total amount of oats allowed = 960000*16 = 15360000 ounce

2) Total amount of labor hours allowed = 960000*.04 = 38400 Hours

<u>Part II : </u>

1) Total amount of oats allowed = 750000*17 = 12750000 ounce

2) Total amount of labor hours allowed = 750000*.04 = 30000 Hours

4 0
3 years ago
For each of the following:
Mama L [17]

Answer and Explanation:

As we know that

The assets, expenses contains debit balance while the liabilities, revenues and stockholder equity contains credit balance

So based on this, the classifications are as follows

Particulars    Type of account    Normal balance    Debit or credit     Reason

a. Land            Asset                      debit                       debit            resources on the owners hand        

b. Cash            Asset                      debit                       debit            resources on the owners hand

c. Legal Expense  = expense        debit                        debit         consumption of cost

d. Accounts Receivable      Asset                      debit                       debit      resources on the owners hand

e. Dividends    =     Equity                debit                          debit   distribution made to owners

g. Notes Payable =   Liability            credit                          credit    obligation made to creditors

h. Common Stock = Equity               credit                         credit    investment done by the owners

8 0
3 years ago
n January​ 1, 2018, Waller Sales issued $ 20 comma 000 in bonds for $ 18 comma 300. These are eightminusyear bonds with a stated
spayn [35]

Answer:

$18,106.25

Explanation:

For computing the carrying value of the bonds , first we have to determine the discount amortization for 8 years which are shown below:

= (Issued amount - proceeds from the bonds) ÷ time period

= ($20,000 - $18,300) ÷ 8 years × 2 years

= $106.25

Now the carrying value would be

= Proceeds from the bonds + discount amortization for 8 years  

= $18,000 + $106.25

= $18,106.25

Since the time period is 8 which are paid in semi-annual so we double the time period

8 0
3 years ago
What is the difference between entrepreneurial and bureaucratic organizations?
Airida [17]
Entrepreneurs work by themselves and bureau is working with an organization
5 0
3 years ago
Read 2 more answers
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