Answer:
Predatory pricing.
Explanation:
When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at the lowest price in the market. This gradually forced many of its competitors out of business. Once its competitors were out of business, Lofonift Inc. raised its prices. In this scenario, Lofonift Inc. most likely indulged in predatory pricing.
Predatory pricing is a strategy used by some business owners to reduce the cost of a particular commodity or item to the lowest possible amount such that the available competitors will be driven out of business.
Rent control is an example of a "price ceiling", it sets the price of rent "below" the equilibrium price and results in a "shortage" of apartments.
Answer is "D".
Rent control is a type of value control that confines the sum a property proprietor can charge for leasing a home or other land. Rent control goes about as a price ceiling by keeping rents either from being charged over a specific level or from expanding at a rate higher than a predetermined percentage.
Answer: d) Analyze the bad news to see how it will affect his reader.
Explanation:
The first thing that Taylor should do is to analyze the bad news so that he can predict the likely effect on the client.
Once he predicts this, he can be able to deliver the bad news in such a way that the client would not be too annoyed by it. It would also allow him to offer alternatives that might be applicable and doable to the client.
Answer:
The right solution is "$ 2.50 per DLH".
Explanation:
The given values are:
Rent,
= $ 15,000
Factor equipment's depreciation,
= $ 8,000
Indirect labor,
= $ 12,000
Production supervisor's salary,
= $ 15,000
Estimated DLHs,
= 20,000
The total manufacturing overhead will be:
= 
On substituting the given values, we get
= 
= 
($)
Now,
The predetermined overhead rate will be:
= 
= 
($)
Answer:
Laffer curve is the curve built on graph which explains that tax revenue will be increased when tax rates are raised. It also indicates that the tax revenue will increase to a certain point on the R-max line after which the curve starts declining which means the tax revenue will decline.
Explanation:
Laffer curve is a theory by economists which indicates the relationship between tax rates and the tax revenue. If the tax rates are increased then the tax revenue will also rise. This is the theory which is believed by many economists and many businesses also follow such strategy to improve their business profits.
