Six key principles of influence according to Dr. Robert Cialdini are<span> 1) reciprocity 2) commitment and consistency 3) social proof 4) authority 5) liking and 6) scarcity. He proposed a seventh principle he called </span>unity principle “the more we identify ourselves with others, the more we are influenced by these others.”
Of the above-mentioned principles, Sauteed uses the no. 1 – reciprocity. <span>Reciprocity is returning a favor or g</span>iving back to others the form of a behavior, gift, or service that they have received first. In our example, Sauteed restaurant offers event passes to frequent customers (billed $3,000 during the current month). Sauteed believe that in doing so, there will be surprising difference to their business– like clients may recommend them or visit their place more often or more tips.
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Answer:
$2.25 per unit
Explanation:
The computation of the cost per equivalent is shown below:
= Total conversion cost ÷ total units completed
where,
Total conversion cost is
= Beginning work in process conversion cost + cost of conversion added
= $20,250 + 271,125
= 291,375
And, the number of units is
= Units completed + work in process ending inventory units × completion percentage
= 115,700 units + 23,000 units × 60%
= 115,700 + 13,800
= 129,500 units
So, the cost per equivalent unit for conversion cost is
= $291,375 ÷ 129,500 units
= $2.25 per unit
A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.
Simple interest allows your money to earn money, so you have to save less.
<h3>What Is Simple Interest?</h3>
Simple interest is a quick and easy method of calculating the interest charge on a loan.
Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
<h3>Where is simple interest used in real life?</h3>
Application of Simple Interest:
In our daily lives, sometimes, we come across a situation where we need to borrow money from a bank, post office or a moneylender for a specified period.
At the end of this period, we must pay back the money we had borrowed plus some additional money for using the lender's money.
Learn more about simple interest here:
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