Here, the company objective does best reflect the competitor-oriented type of pricing.
The process of fixing/determining a product price is very important in an organziation because it takes into consideration the cost incurred and profitability.
The competitor-oriented type of pricing is a pricing approach that considered its pricing based on other competitors price.
Therefore, the process of Fizzy Drinks Inc in deciding to be the lowest price competitor in the soft drink market is an example of competitor-oriented approach of pricing.
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Answer:
Jim will earn more money than Allison.
Explanation:
The average salary for someone with a 4 year college degree is $51,000 (2019), that doesn't mean that Jim will earn that money, he might earn more or less, but it is a useful parameter. The average salary of someone who just finished high school is $28,000 (2019).
If we compare both average national salaries, we can assume that Jim will earn much more than Allison.
Answer:
1. a) Dr Account receivable 16300
Cr Sales revenue 16300
b) Dr Cash 11200
Cr Account receivable 11200
2. Dr Inventory 4300
Cr Cash 1600
Cr Accounts payable 2700
3. Dr Wages expense 610
Cr Cash 610
4. Dr Cash 4200
Cr Advance from customer 4200
5. Dr utilities expense 270
Cr Utilities payable 270.
Changing the manufacturing process to a new type of technology is a management decision. For example, a drilling company bid on a contract at a mine I is worked at and obtained the specs that we needed to do the job successfully ie for the drill configuration. Consequently, their manager decided to remove the drill mast from the back of the drill truck and mount it on the side of the drill so the collar of the holes would not be too high for us to access and this was for horizontal drainhole drilling and it worked very well. This then represented a management decision. But it is well to remember that good suggestions for technical innovations often come from the hourly employees and when implemented can be very effective. Also, it is the hourly employees, in essence the workers that have to implement the management decisions and that takes much skill and hard work.
