Is called collusion
It's actually price collusion to be precise ( not to be mistaken for the crime collusion)
Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.
In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
Answer:
a. $8 million
Explanation:
In the given situation, the $8 million is the best price to finalize your decision as $20 million costs is that cost which is paid last year and these costs are called sunk cost which is not recovered in the future, that means it is already incurred in the past.
Moreover, the sunk cost is not a part of the future decision as this cost is irrelevant now
So, $8 million is a relevant cost to make a better decision
<span>This is behavioral segmentation. The company is looking at how the consumers' behaviors are affected by the use of the products. They are also looking at what the customers are looking for in terms of results of the product and how it will benefit their lives.</span>
Nazerhy deposits $8,000 in a certificate of deposit. the annual interest rate is 6%, and the interest will be compounded quarterly. The certificate worth 10 years is $14,555.17.
<h3>What do you mean by deposit?</h3>
- A deposit is the act of giving money (or money equivalents) to an organization, most frequently a bank or other financial institution.
- The deposit is a credit for the party that made it (individually or as a group), and it can be refunded (withdrawn) in line with the conditions set forth at the time of deposit, transferred to another party, or applied to a future purchase.
- The primary source of funding for banks typically deposits.
<h3>What is the interest rate?</h3>
- The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum).
- The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
Learn more about interest rate here:
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Answer:$722,000
Explanation:
The over applied overhead of $8000 is deducted from cost of goods sold of $730,000.
