Answer: point of purchase promotions
Explanation: In simple words, point of purchase promotion refers to a promotional technique in which the producer or supplier of a commodity tries to attract the customers by pacing the product ion the market or in the store in such a way that the customer feel strong urge to buy it.
For example- In most of retail stores newspapers and chewing gums like products are placed near the cash counter so that customer can choose to buy these petty products right after their purchase.
In the given case, the company provided its product at various retail stores, that is, the place where their target customers will be more. Hence we can conclude that the company is most likely using point of purchase promotions.
Answer:
(a) the error will not affect the equality of the trial balance.
(b) the income statement will show higher earnings.
the statement of owners equity will show higher balance.
the balance sheet will show higher balance of ending owners equity and the liability will show lower balance.
Explanation:
(a) both the credit and debit side of the trial balance is recorded, this will dont affect the equality
(b) since the fees earned will be more by $300,000, hence the income statement will have higher earnings.
the balance sheet would show a higher owners equity balance and show a lower liability balance.
the statement of owners equity will have been recorded a higher net income of $300,000.
Answer: Price discrimination.
Explanation:
Price discrimination occurs when a seller sales the same product for different prices to different buyers, in one case the price is less and in another case the price is higher when there is no need for a change in selling price. An example of price discrimination is when a car dealer sells a car at a cheaper price to his friend than he sold the same model of car to another buyer.
Answer: b. Jordan values option B more than options A and C.
Explanation:
All options cost the same explicitly which means that Jordan's choice was made based on implicit/ opportunity cost factors.
These undisclosed factors led to Jordan valuing option B more than the other options which is why it was picked even thought they all cost the same. Had any other option being more valuable than B, it would have been picked but since B was picked, B was the most valuable.
