Penetration evaluation could be a strategy utilized by businesses to draw in customers to a brand-new product or service by giving a cheaper price ab initio.
The cheaper price helps a brand-new product or service penetrate the market and attract customers far from competitors.
EDLP is related to Walmart because the company has used it systematically in its selling. As an evaluation strategy, Walmart founder SAM Walton used EDLP once gap his initial stores.
In a predatory evaluation theme, area unit costs are set low to drive out competitors and build a monopoly. Shoppers could enjoy lower costs in the short term. However, they suffer if the theme succeeds in eliminating competition, as this could trigger an increase in costs and a decline in selection.
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Encouraging private ownership, protecting and encouraging competition, enforcing contracts, and keeping business cost low.
Answer:
D) Debit income summary 187000, credit revenues 187000
Explanation:
When dividend is declared, following journal entry is passed
Retained Earnings Dr.
To Dividend Payable
(Being declared dividend recorded)
When dividends are actually paid, the journal entry is
Dividend Payable A/C Dr.
To Cash A/C
(Being dividend paid recorded)
Income summary account is prepared as a temporary account while income statement represents permanent account.
Income summary shows net income balance i.e Revenue less expenses.
As per the given information in the question, debiting income summary account with total revenues of $187000 would be wrong.
Applied overhead goes on the credit side of the Manufacturing overhead of $120,700 was applied to production using the company's predetermined overhead rate
When determining the number of channel members to use at each level, three strategies are available: intensive, exclusive, and exclusive
<h3>What are the 3 distribution intensity levels?</h3>
- A distributor is referred to as someone who buys goods, warehouses them, and then distributes them to customers.
- They function as a middleman between producers and retailers or customers, rather than acting in their own best interests.
- In most cases, distributors work together with customers and producers.
- These Three Distribution Methods
- Broad Distribution: a maximum number of outlets. To reach as many people as you can in the market, extensive distribution aims to reach.
- Selective Distribution: The use of particular outlets in particular places.
- Specialized Distribution: Fewer outlets
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