Answer:
The correct answer to this question is D
Explanation:
Offering the same value for less than what other sellers are willing to take is a strategy called below the market pricing.
According to the principles of Economics, lower prices often stimulate demand especially with commodities or goods that are categorised as price-sensitive or perfectly elastic. With goods that are perfectly elastic, small price changes lead to a great change in demand.
Traditionally, there are 4 Ps of marketing:
- Product
- Promotion
- Place and
- Price
What Cutter Ford Aiea has done with their positioning is to play around the price component of marketing by reducing the profit accruable so that they are able to win more market share at the cost of lower profit/sale but with higher profits as the turnover increases due to increased demand.
So everyone likes a good deal especially when the value proposition with competing offers remain the same.
Cheers!
Answer:
Instructios are below.
Explanation:
Giving the following information:
Purchases:
190 units at $5
300 units at $7
395 units at $9
Assuming there are 250 units on hand
1) FIFO (first-in, first out). Under the FIFO method, the ending inventory cost is calculated using the cost of the last units incorporated.
Ending inventory= 250*9= $2,250
2) LIFO (last-in, first-out). Under LIFO method, the ending inventory cost is calculated using the cost of the firsts units incorporated.
Ending inventory= 190*5 + 60*7= $1,370
Answer:
$1,610.51
Explanation:
The complete question is
Bruce takes out a personal loan of $1,000 to go on a trip to Florida. His loan has an annual compound interest rate of 10%. The loan compounds once each year. When you calculate Bruce's debt, be sure to use the formula for annual compound interest.
Bruce borrowed $1,000 for his trip.
If Bruce waits for five years to begin paying back his loan, how much will he owe?
we know that
The compound interest formula is equal to
where
A is the Final amount owed
P is the amount of money borrowed
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
C)They remain the same until the credit is paid off.
Explanation:
In a closed-end credit, borrower and lender agree on principal amount, interest rate and monthly payments. These features stay the same over time.
The most common types of closed-end credit are mortgages and car loans.
For example, if a person wants to buy a car on credit, they agree to pay a monthly amount, that includes both interest and principal payments, until the full amount is paid off in a specified date in the future. After the last payment, the right to ownership of the car is transferred from the borrower to the lender, closing the credit.
