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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

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B. National Operations Center

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3 years ago
The primary intent of antitrust legislation is to a. ensure that product safety standards are met. b. eliminate positive economi
Ede4ka [16]

Answer:

Control monopoly power preserve and promote competition.

Explanation:

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4 0
3 years ago
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An organization whose purpose is to receive and investigate customer complaints of dishonest business practices and provide comp
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Answer:

Better Business Bureau

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3 years ago
Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. Santa Fe paid $300,000 for extrac
melomori [17]

Answer:

The cost of depletion in the current year is $90,000

Explanation:

Santa Fe's current year cost of depletion=cost of rights*Turquoise extracted in the current year/total estimated turquoise to be extracted

cost of rights is $300,000

turquoise extracted in the current year is 1,500 pounds

total estimated turquoise to be extracted over a five-year period is 5000 pounds

cost of depletion in the current year=$300,000*1500/5000

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By extension profit for the year assuming no other costs were incurred is :

$200,000-$90,000=$110,000

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3 years ago
In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in
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In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in <span>government spending or an increase in taxes.</span>
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