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3 years ago

Nonprice competition refers to:

Business

1 answer:

umka21 [38]3 years ago

6 0

Answer: Option C

Explanation: Non price competition can be defined as the business strategy under which one entity tries to distinguish its commodity offered from another entity in the market with the help of advertising and promotion etc.

Non price competition is generally seen in the oligopoly market structure. The difference between two products in an oligopoly having non price competition is based on the design or workmanship of the manufacturer.

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Which is “harder” on a car, highway miles or city miles? Why?

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City miles because it makes the car have to drive at different speeds, and be stopped in traffic with several small stops and turns, whereas a highway mile is just a straight path driving at a constant speed.

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2 years ago

Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 20,000, Selling price per unit $30

Firdavs [7]

Answer and Explanation:

1. Income Statement as on (-----)

Particular Amount

Sales(20000 x $30) $600,000

Less: COGS $160,000

inventory = $24,000

Less :End inventory = $44,000

Add :purchases $180,000

Gross Profit $440,000

Less: Fixed expenses $70,000

($40,000+$30,000)

$370,000

Less variable Expenses $120,000

(20,000 x $4) = $80,000

(20,000 x $2) = $40,000

Net Profit $250,000

2. Contribution Format Income Statement

Particular Amount

Sales(20000 x $30) $600,000

Less : Variable Expenses

COGS(24000+180000-44000) $160,000

Selling Expenses(20000x$4) $80,000

Administrative exp (20000x$2) $40,000

Contribution $320,000

Less: Fixed Expenses

Selling exp $40,000

Administrative exp $30000

Net Profit $250,000

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2 years ago

Which characteristics describe customers who are more likely to have high assets and medium-low debt?

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Customers with credit cards with no balance are more likely to have high assets and medium-low debt.

<h3>What do you mean by Credit card?</h3>

A credit card is a small rectangular or metal piece of paper issued by a bank or financial services company, which allows cardholders to borrow money to pay for goods and services from merchants who accept cards to pay.

Customers who are more likely to have medium and low credit often use credit cards, but do not leave a balance. They also have a savings account and a retirement account.

Thus, Customers with have credit cards with no balance are more likely to have high assets and medium-low debt.

To learn more about credit card refer:

brainly.com/question/11199005

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2 years ago

Albee Township’s fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, year 1, an approved $1,000 purchase

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Answer:

Encumbrances $1000

Reserved for encumbraces $1000

Explanation:

Encumbrance is in the debit because is the money that we have destined for the purchase and since we have to get the money from our funds Reserved for encumbrances is in the credit.

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2 years ago

After the delivery of the condominium documents in the TREC Residential Condominium Contract the buyer may terminate the contrac

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Answer:

The buyer would have a 12-day option to terminate the contract. Otherwise, he or she might not have any other option than to stick to the contract. (That is, the buyer will not have the unrestricted right to terminate the contract again.)

Explanation:

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2 years ago