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r-ruslan [8.4K]
3 years ago
12

Lowe’s advertised a barbeque grill for $99 in its newspaper ad. When the Smith’s arrived at Lowe’s to buy the barbecue, a Lowe’s

salesman said, "Oh, we don’t have any in stock. But, what you need is this model for $149." Lowe’s had no $99 barbecues in stock, even before the ad was placed.
a. Lowe’s has engaged in bait and switch.
b. Lowe’s has breached an express warranty.
c. Lowe’s has violated the implied warranty of merchantability.
d. none of the above"
Business
1 answer:
Debora [2.8K]3 years ago
5 0

Answer:

A) Lowe’s has engaged in bait and switch.

Explanation:

Bait and switch retail sales practices are considered fraud and the store can be sued for it. When a store advertises a product with a very tempting low price in order for customers to go ask for them, but doesn't even have them in stock is considered false advertisement. Everyone loves a good offer but it is illegal to attract customers using a false promotion and then switching that product for a more expensive one.

If Lowe had some of the grills in stock and still tried to convince its customers to buy a more expensive one, then that is not illegal. But the question states that Lowe didn't have any cheap grill in stock.

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Which strategy is an example of how companies may upgrade themselves to meet changing customer preferences?
never [62]

The best example of how companies are upgrading themselves to meet changing customer preferences is personified in option (C) making online shopping services available.

Since customers nowadays prefer to shop online more often than not, many companies are now providing online marketplaces in combination with their traditional brick and mortar stores. Some companies do not even have a pop up store – they purely do their transactions online.

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3 years ago
The amount of income earned per share of a company's outstanding common stock is known as:____.
finlep [7]

The amount of income earned per share of a company's outstanding common stock is known as <u>Earnings per share</u><u> or </u><u>EPS</u>.

EPS indicates the corporation's profitability by displaying how plenty cash a commercial enterprise makes for each percentage of its inventory. The EPS parent is decided with the aid of dividing the employer's internet profit via its fantastic shares of common inventory. But, it's miles taken into consideration the higher the EPS range, the greater profitability of the organization.

Income in line with percentage is calculated by dividing the business enterprise's total income via the full range of shares top-notch. The system is straightforward: EPS = overall earnings / remarkable stocks. General income is the same as internet earnings on the profits statement. it's also referred to as profit.

Profits according to share is the economic price of income in step with a super share of common stock for an employer. It is a key measure of corporate profitability and is generally used to fee shares.

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5 0
2 years ago
FREEEEEEEEEEEEEE brainliest!!
Ksju [112]

Answer:

how does brainliest work?

4 0
3 years ago
Assume you have noted the following prices for books and the number of pages that each book contains.Book Pages (x) Price (y)A 5
tigry1 [53]

a) $y=0.00991 x+1.042$b) $r^2=0.7503^2=0.563$\\C) $r=\frac{7(30095)-(4210)(49)}{\sqrt{\left[7(2595100)-(4210)^2\right]\left[7(354)-(49)^2\right]}}=0.7503$

x: 500, 700, 750, 590 , 540, 650, 480

y: 7.00, 7.50 , 9.00, 6.5, 7.50 , 7.0, 4.50

We want to create a linear model like this :

$$y=m x+b$$

Where

$$m=\frac{S_{x y}}{S_{x x}}$$

And:  

$$\begin{aligned}& S_{x y}=\sum_{i=1}^n x_i y_i-\frac{\left(\sum_{i=1}^n x_i\right)\left(\sum_{i=1}^n y_i\right)}{n} \\& S_{x x}=\sum_{i=1}^n x_i^2-\frac{\left(\sum_{i=1}^n x_i\right)^2}{n}\end{aligned}$$

With these we can find the sums:  

$$\begin{aligned}& S_{x x}=\sum_{i=1}^n x_i^2-\frac{\left(\sum_{i=1}^n x_i\right)^2}{n}=2595100-\frac{4210^2}{7}=63085.714 \\& S_{x y}=\sum_{i=1}^n x_i y_i-\frac{\left(\sum_{i=1}^n x_i\right)\left(\sum_{i=1}^n y_i\right) n}{=} 30095-\frac{4210 * 49}{7}=625\end{aligned}$$

And the slope would be:  

m=\frac{625}{63085.714}=0.00991

Now we can find the means for x and y like this:

$$\begin{aligned}& \bar{x}=\frac{\sum x_i}{n}=\frac{4210}{7}=601.429 \\& \bar{y}=\frac{\sum y_i}{n}=\frac{49}{7}=7\end{aligned}$$

And we can find the intercept using this:

$$b=\bar{y}-m \bar{x}=7-(0.00991 * 601.429)=1.042$$

And the line would be:

$$y=0.00991 x+1.042$$

Part b

The correlation coefficient is given by:

r=\frac{n\left(\sum x y\right)-\left(\sum x\right)\left(\sum y\right)}{\sqrt{\left[n \sum x^2-\left(\sum x\right)^2\right]\left[n \sum y^2-\left(\sum y\right)^2\right]}}

For our case we have this:

$$\begin{aligned}& \mathrm{n}=7 \sum x=4210, \sum y=49, \sum x y=30095, \sum x^2=2595100, \sum y^2=354 \\& r=\frac{7(30095)-(4210)(49)}{\sqrt{\left[7(2595100)-(4210)^2\right]\left[7(354)-(49)^2\right]}}=0.7503\end{aligned}$$

The determination coefficient is given by:

$$r^2=0.7503^2=0.563$$

Part c

r=\frac{7(30095)-(4210)(49)}{\sqrt{\left[7(2595100)-(4210)^2\right]\left[7(354)-(49)^2\right]}}=0.7503

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brainly.com/question/7656407

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4 0
1 year ago
Jamie is a manager in an industry that has a few large players and that has remained relativelystable over the past few years. H
QveST [7]

Answer: (A) Many new competitors

Explanation:

The many new competitors is the basically refers to the rival in the business or the same type of industry that selling the similar types of products and the services in the market.

Due to the new competitors in the market the level of the competition become increase as they sell the similar goods and the services at low price.

According to the given question, Jamie is the company manager and he investigate that the legislator propose the various types of new laws for deregulate the marketing industry.

Therefore, based on the given scenario, Jamie is facing the many new competitors in the market.    

6 0
4 years ago
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