1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Charra [1.4K]
3 years ago
12

profit maximization pricing objective a. is a status quo oriented pricing objective. b. is a sales-oriented pricing objective. c

. is often stated as percentage of market share. d. can never be socially responsible. e. does not always lead to high prices.
Business
1 answer:
nika2105 [10]3 years ago
5 0

Answer:

e. does not always lead to high prices.

Explanation:

Profit-maximization pricing means fixing prices so that total revenue is more as compared to total costs. This pricing strategy is used by a monopolist.

It is the short run or long run process by which the price and output level is determined by the firm that can give the maximum profit.

The price per item has been set higher than its total cost of production make to sure that the company makes a profit on each sale. As a result, the company makes a profit on every sale and to reduce risk and uncertainty factors in business operations.

Profit maximization pricing objective <u>does not always lead to high prices</u>.

You might be interested in
Which of the following is not an advantage of the metal web floor truss?
Reil [10]
The answer is A, they are more widely used wood trusses.
5 0
3 years ago
These are selected 2022 transactions for Bramble Corporation:
astraxan [27]

Answer:

Dr amortization expense    $14,500

Cr Copyright asset                             $14,500

Dr amortization expense    $6,250

Cr Patent asset                                $6,250

Explanation:

First of all,a goodwill with an indefinite life is not depreciable,hence no adjusting journal entries would be prepared in respect of the goodwill.

However,the copyright would be amortized using the lower of useful life of 6 years and legal life of 30 years,the amortization expense for the year is shown below:

amortization charge=$87,000/6 years=$14,500

The patent is to amortized in the way as the as the copyright the lower of useful life and legal life.

amortization charge=$30,000/4 years*10/12=$6250

The patent was only used for 10 months in the year

8 0
3 years ago
The Burger Doodle restaurant chain purchases ingredients from four different food suppliers. The company wants to construct a ne
Fittoniya [83]

Given Information:

Site 1: x1 = 360 , y1 = 180

Site 2: x2 = 420 , y2 = 450

Site 3: x3 = 250 , y3 = 400

Solution:

Xa = 200, Ya = 200, Wa = 75

Xb = 100, Yb = 500, Wb = 105

Xc = 250, Yc = 600, Wc = 135

Xd = 500, Yd = 300, Wd = 60

If centre of gravity is (x,y)

then x = (200*75+100*105+250*135+500*60)/(75+105+135+60)

         x = 238

then y = (200*75+500*105+600*135+300*60)/(75+105+135+60)

         y = 444

Using centre-of-gravity method, location of distribution centre = (238,444)

Using rectilinear distance,

Load distance score of Site 1: 75*(abs(360-200)+abs(180-200))+105*(abs(360-100)+abs(180-500))+135*(abs(360-250)+abs(180-600))+60*(abs(360-500)+abs(180-300)) = 161550

Load distance score of Site 2: 75*(abs(420-200)+abs(450-200))+105*(abs(420-100)+abs(450-500))+135*(abs(420-250)+abs(450-600))+60*(abs(420-500)+abs(450-300)) = 131100

Load distance score of Site 3: 75*(abs(250-200)+abs(400-200))+105*(abs(250-100)+abs(400-500))+135*(abs(250-250)+abs(400-600))+60*(abs(250-500)+abs(400-300)) = 93000

Site 3 tends to be optimal as it offers a lower distance ranking.

8 0
4 years ago
Economics (9.7.iii): What is the change in consumer surplus due to opening up to trade? Input your answer in units of millions o
Aleksandr-060686 [28]

Answer:

This is -22

Explanation:

5 0
3 years ago
Swifty Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (
Vlad1618 [11]

Answer:

$352,000

Explanation:

The computation is shown below:

Product         Net realizable value          Cost               LCNRV

A                    $129,000                         $126,000         $126,000

B                   $80,000                           $72,000           $72,000

C                  $154,000                          $155,000         $154,000

Total value of the inventory                                          $352,000

This is the answer but the same is not provided in the given options

3 0
3 years ago
Other questions:
  • Advertising is an important aspect of monopolistic competition and oligopoly because brand distinction encourages consumer loyal
    5·1 answer
  • U.S. laws require equality in the workplace for all employees. U.S. citizens who take a job in Germany cannot sue their German e
    5·2 answers
  • Flynn Company's monthly bank statement showed the ending balance of cash of $22,750. The bank reconciliation for the period show
    10·1 answer
  • Randy Ice starts the month with a balance on his credit card of $1000. On the 10th day of the month, he purchases $200 in clothe
    11·1 answer
  • At an output level of 415,400 units, you have calculated that the degree of operating leverage is 2.00. The operating cash flow
    9·1 answer
  • I need help please ?? 20 points
    6·1 answer
  • Irish Corporation issued (sold) 10,000 shares of common stock for $70 per share. The bylaws established a stated value of $10 pe
    13·1 answer
  • Businesses that are owned and operated by people who live close to your community are know
    8·2 answers
  • cost of good s sold RS 80700 opening stock RS 5800 closing stock RS 6000.what is the amount of purchase ?​
    5·1 answer
  • Vista components has found it needs to reorganize including a significant trim of its middle management, the action will likely
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!