<u>A. By conducting a focus group before launching the product</u>
Pricing in the business world is very delicate. People will always tend to go for the cheapest product if they aren't loyal to a specific brand. So, when you are starting a business, it is extremely important to focus on pricing. Your prices have to be low enough for people to buy them, but high enough to break even and make a profit.
A focus group would have assisted Kalim in finding the best price for his product. By conducting this, the group would have told him exactly what they would pay for something like his product. However, the damage done is not permanent. He should now lower the prices or conduct a focus group to find out the best price for his food.
Answer:
$127,000
Explanation:
Suire Corporation Net operating income
Sales $ 600,000
Variable Costs $ 241,000
Contribution Margin $ 359,000
Fixed Expenses $232,000
Net Operating Income $127,000
Answer:the quantities of some factors of production are fixed; the quantities of all factors of production can be varied - D
Explanation:
In the short run, some factors of production are fixed, which is usually the capital. Therefore for a company to increase output, it would need employ more workers, but would not increase capital.
Therefore in the short run, we can get diminishing marginal returns, which may cause marginal costs to start increasing quickly.
Also, in the short run, prices and wages fall out of equilibrium because a sudden rise in demand may lead to higher prices, and companies may not have the the capacity to respond and increase supply.
Long run
In the long run, usually greater than 6 months, all main factors of production are variable. The company has time to build a bigger one making it respond to changes in demand which means that a sudden rise in demand, would have a complimentary increase in supply to meet the demands and prices can be adjusted.
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buyer most likely sue for specific performance if the seller defaulted on the contract before closing
A Sale and Purchase Agreement (SPA) is what, exactly?
A Sale and Purchase Agreement (SPA) is a contractual agreement describing the terms on which the buyer and seller of a property have come to an understanding (e.g., a corporation). In any sale transaction, it serves as the primary legal document. Essentially, it outlines the agreed-upon terms of the transaction, offers several significant safeguards to all parties involved, and establishes the legal framework needed to finalize the sale. Therefore, the SPA is extremely important to both sellers and buyers.
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Answer:
$500
Explanation:
The computation is shown below:
Data provided in the question
Sale value of five year old car to used car = $3,000
Now in the same year, the resales value to Ima Goner = $3,500
So, the contribution made in the GDP for the year 2005 is
= Resales value to Ima Goner - Sale value of five year old car to used car
= $3,500 - $3,000
= $500
