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tiny-mole [99]
3 years ago
15

A 16-ounce bottle of Prairie Herb vinegar sells for $4.95, and a 16-ounce bottle of Heinz vinegar costs $1.05. Prairie Herb vine

gar is new to the market, perceived to be of higher quality, and provides a unique flavor to foods even though it is used in the same way as Heinz vinegar. Prairie Herb vinegar is most likely using a _____ policy.
Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer:

Price Skimming

Explanation:

Price skimming: It is a pricing strategy of a firm that allow firm to use higher price of a product initially, however, firm reduce the price over the period of time to gain more marketshare by penetrating the product into different segment, which are price sensetive segment. Higher price at the beginning help the firm to gain more profit to cover most of the cost as demand is high at the beginning due to brand value and buzz created by the firm before launching the product in the market.

In the given case, Prairie herb vinegar have sold the 16-ounce bottle at higher price than Heinz Vinegar, however, they are used in the same way, as Prairie Herb vinegar is new to the market, perceived to be of higher quality, and provides a unique flavor to foods, which is a example of price skimming.

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Allison Corp. has just issued preferred stock with an annual dividend of​ $0.85. The preferred stock is currently selling for​ $
SCORPION-xisa [38]

Answer:

The return or yield on this preferred stock is 4.53%.

Explanation:

The yield is the effective rate of interest/dividend you receive on a preferred stock based on the current price at which the stock is trading at. Thus the formula for yield on a preferred stock can be written as:

Yield or return on preferred stock = Dividend / Current share price

Yield = 0.85 / 18.75  =  0.0453 or 4.53%

6 0
3 years ago
The _________ is the content or general message of a conversation or what the conversation is about.
denis23 [38]
The MAIN IDEA is the content or general message of a conversation or what the conversation is about.

Any other ideas brought about in the conversation is usually discussed in relation or in support to the main idea.
7 0
3 years ago
Read 2 more answers
Which of the following is considered to be an accrued expense?
scoundrel [369]

Answer:

B. a computer technician has installed the latest software updates, but you have not received an invoice or made payment

Explanation:

An accrued expense arises when a service has been rendered to an individual or organisation but to which the recipient of the service has not made payment for the service. The expense will be recognized in the period in which the service is rendered. In this scenario, the technician has rendered a service by installing software updates but the organisation has not made payment for the service provided. This represents an accrued expense.

8 0
4 years ago
For product costs associated with a particular product to be reported on the income statement:
RUDIKE [14]

Answer:

a. The product must be sold

Explanation:

Total revenue and total expenses are recorded in the income statement.  

If the total income exceeds than the total expenditure then the company earns net income And if the total income is less than the total expenditure then the company has a net loss.

The product includes direct material cost, direct labor cost ,and the manufacturing overhead cost. If the product cost is not sold then it is shown in the asset side of the balance sheet as an inventory

And, if the product is sold, the same is subtracted from the cost of goods sold and shown in the income statement

6 0
3 years ago
Which of the following statements is false? A) Price determination is the key element in any market system. B) Input prices infl
anastassius [24]

Answer:

option D) While managers must understand how output prices are determined, determination of input prices is irrelevant because it is beyond the manager's control.

Explanation:

A price system is simply defined as a part of any economic system. It uses prices usually expressed in monetary form for goods and services valuation and distribution and also the factors of production.

A Pricing Manager helps to determine pricing schemes for firms products and services. The scope of work entailss co-ordination with production departments on cost of making and working with staff in marketing especially on appropriate campaigns and promotions and also they assist with pricing bargaining of customers intent.

Price Determination is getting or deriving the cost of goods sold and services offered/ rendered in the free market. The forces of demand and supply always determine the prices of goods and services in the market system.

8 0
3 years ago
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