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
sdas [7]
3 years ago
11

Jaime needs milk from the grocery store. The milk is on sale for $1.50, significantly less than its customary price. Jaime also

purchases fresh cut flowers and gourmet pasta sauce. The milk pricing is an example of
Business
2 answers:
creativ13 [48]3 years ago
7 0

Answer: Loss leader pricing

Explanation:

Loss leader pricing is a pricing strategy that involves fixing the price of a product well below its cost or market price to attract a new set of customers. In most cases, the "loss" in such products is shifted to another product to cushion its effect. The grocery store is selling milk at $1.50 lower than its market cost by employing loss leader pricing strategy to its business model.

irina1246 [14]3 years ago
5 0

Answer:

Loss-leader pricing

Explanation:

Loss leader pricing can be defined as a way companies or business owners sell their good at low cost or price in other to attract customers.

LOSS LEADER PRICING can also be seen as a pricing strategy in which goods are selected and low price is tag on them rather than the usual price in order to draw the attention of the customers to the goods. This strategy often lead to increase in sales which in turn leads to high profits making by the company's or business owners and this can also happen when a company is trying to make up for the losses on the selected products with additional purchases of profitable goods.

Therefore LOSS LEADER PRICING can be seen as a pricing strategy method which companies can use by selecting one or more retail products which are to be sold below cost in order to attract customers.

Thus: according to the information given the mik pricing is an examples of LOSS- LEADER PRICING

You might be interested in
What is 2divided by 100
aleksley [76]

Answer:

0.02

Explanation:

4 0
2 years ago
Read 2 more answers
"Consumer sovereignty" means that Group of answer choices1. buyers can dictate the prices at which goods and services will be of
nalin [4]

Answer:

2. advertising is ineffective because consumers already know what they want.

Explanation:

Consumer sovereignty is the idea that it is consumers who influence production decisions because they decide what to buy by checking to see that their expectations are meet. Production of goods is designed towards meeting the needs of the consumers. The consumers select what they want to buy by the checking if the good fulfills their needs and wants.

6 0
3 years ago
Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her cond
kumpel [21]

Answer and Explanation:

Natalie's Gross Income = $10,000

75 + 35 = 110 days

Expenses:

Insurance Expense (75/110) x 1000                 682

Advertising Expense                                        500

Mortgage Interest (75/110) x 3500                  2386

Property Taxes (75/110) x 900                         614

Repairs and Maintenance (75/110) x 650        443

Utilities    (75/110) x 950                                   648

Depreciation (75/110) x 8500                          5795

Until the depreciation expenses the total expenses accumulate to  5273. If we deduct that with the gross income total we get 4727. We can only deduct 4727 from the total portion of 5795 depreciation expense.

Therefore, for AGI deductions we take total of (5273 + 4727) = $10,000

For Natalie's personal deduction of AGI

Mortgage interest (35/110) x 3500                    1114

Property taxes (35/110) x 900                            286

Total personal deduction for AGI                    $1400

4 0
3 years ago
E-Tech Initiatives Limited plans to issue $500,000, 10-year, 4 percent bonds. Interest is payable annually on December 31. All o
Blababa [14]

Answer:

E-Tech Initiatives Limited

Partial balance sheet

as on January 2, 2019

Liabilities

Long term Liabilities

Bond Payable ________________ $500,000

Add: Premium on Bond _________ <u>$10,000   </u>

_____________________________________ $510,000

Explanation:

First Calculate the issuance value

Issuance value = $500,000 x 102% = $510,000

The bond is issued on Premium, Now calculate the premium on bond value

Premium on bond = Issuance value - Premium on Bond

Premium on bond = $510,000 - $500,000

Premium on bond = $10,000

The bond payable value of $500,000 and Premium on the bond aer reported in the long term liability section of balance sheet.

7 0
2 years ago
The balance sheet identifies the productive resources (assets) that a firm uses to generate income, as well as the sources of fu
docker41 [41]

Answer:

A) True

Explanation:

The Balance Sheet is a snapshot of the financial situation of a company at the end of the accountable period. It shows which productive resources (assets) the company has for the development of its activities and how they are financed. Assets can be financed by external (Obligation with creditors – Liabilities) or internal sources (Issuing equity shares - Shareholders' equity). As every Asset must be financed either or both with Liabilities or Shareholders' equity, in the Balance Sheet, the accountable equation is represented.

5 0
2 years ago
Other questions:
  • Ruth Hu recently inherited $200,000. She has invested the inherited money in real estate and government securities. Hu is using
    8·1 answer
  • Taylor Inc. has some material that originally cost $65,500. The material has a scrap value of $56,300 as is, but if reworked at
    7·1 answer
  • The economy is in long-run equilibrium: Select one:
    5·1 answer
  • An _____________ is a probable economic benefit obtained or controlled by a particular entity as a result of past transactions o
    10·1 answer
  • Rachel must store a few pieces of her furniture for six months. A storage unit costs $55 for the first month and $47.50 for the
    13·1 answer
  • A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $12 per hour and capi
    15·1 answer
  • 1
    6·1 answer
  • Tyler Weinrich, a single investor in the 15% federal tax bracket, owns 150 shares of Newmont Exploration. The stock has risen fr
    9·1 answer
  • When Coca Cola decided to change their brand name from Coca cola to Coke; this was mainly a:
    13·1 answer
  • Starbucks is a global company that provides high-quality coffee products. Assume that as part of its expansion strategy, Starbuc
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!