Answer:
Pricing strategy to stay competitive
Explanation:
Pricing strategy is the process by which a company sets prices of goods and services offered to a consumer.
In setting up a price strategy the management.of a business need to put into consideration the competitive reaction, pricing position, pricing segment, and pricing capability.
The generic drugs companies in the US are selling fluconazole for a higher price than pharmaceutical company with headquarters in India in the international market.
In order for them to stay competitive they will need to review their price downward or customers will switch to the cheaper option
Answer:
If both companies have the sames sales volume, total costs and income from operations, the reason why Gouda has a lower break even point is that their variable costs are lower. We use the contribution margin per unit to calculate the break even point and the contribution margin per unit = sales price - variable costs. The question states that total costs are equal, but it doesn't say anything about variable or fixed costs.
Assuming that Gouda is above break even point, each sale will generate a higher operating profit since the contribution margin is higher.
Explanation:
The largest amount of money the government lays out is for the transfer program, Social Security. And its largest expenditure is for national defense. America is quite known for spending a lot of money on defending itself from any possible threat.
Answer:
B) the issuance of bonds.
Explanation:
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
As such, the sale of additional shares of stock, net income and declaration of dividend are typical reasons for changes in shareholder's equity however, the issuance of bonds is a liability (usually non-current).
An economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather than market-oriented production), and centralized decision making is called "command economy (socialism)."
<h3>
What is command economy (socialism)?</h3>
A form of command economy is socialism. The majority of the production factors, including land and capital goods, are owned and under the jurisdiction of the state.
Key features of command economy are-
- A populist economic and political structure, socialism is founded on the common, collective, or public ownership of the means of production.
- The equipment, resources, and manufacturing facilities utilized to create products that are intended to directly meet human needs are among those means of production.
- The state uses central planning.
- The state maintains centralized control over the production of products and services, as well as their prices and distribution.
- While free-market economies have historically been identified with capitalism and democratic countries, command economies have historically been connected with socialist and communist countries.
Socialism the best economic system because-
- Theoretically, socialism aims to create the greatest amount of common wealth through public benefits.
- Since the government oversees the majority of societal activities, it can utilize resources, labor, and lands more efficiently.
- Socialism lessens wealth disparity not only between different regions but also between all social classes and ranks.
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