Maria recently put her house on the market at an asking price of $260,000. She realizes, however, that in order to sell the house, she may have to use price skimming
<h3>What is
price skimming?</h3>
Price skimming is a pricing strategy that a company can use when launching a new product or service.
Price skimming is commonly used for new technologies. DVD players are an excellent example of this. When DVD players first became available in the late 1990s, they could cost up to $1,000. If you do a quick search on Amazon, you'll find that a new DVD player costs only $33.
The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. When a product is new to the market, skimming is commonly used (in its introduction or growth phase)
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Cross sectional analysis involves the comparison of different firms' financial ratios at the same point in time.
Explanation:
Cross sectional analysis is that analysis where the comparison is done between different firms' financial ratios. Cross analysis is important in business because it does various research so that data can be collected based on many variables at a particular point of time.
Cross sectional analysis is mainly preformed in industries as well as performed during marketing research to verify the truth or false related to various assumptions. Cross sectional analysis is mainly quantitative or it can be mixed method.
Each firm in the monopolistic competitive industry produces a slightly differentiated product.
The monopolistic competition occurs where competitive firms produces or manufactures products or services that are similar and close substitutes to one another.
The characteristics of the monopolistically competitive market includes:
- presence of many sellers in the market
- easy entrance and exit of consumers in the market
- differentiated products in the market.
Therefore, the Option D is correct because each firm in the monopolistic competitive industry produces a slightly differentiated product.
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Answer:
Hi, the question you have provided is <em>missing data</em> on the Purchases and Available Inventory for Sale on the Company :
Here are the important principles to consider when calculating the value of Cost of Goods Sold using LIFO periodic Inventory Costing System.
LIFO stands for Last - In - First - Out. This method assumes that the last goods purchased are the first ones to be issued to the final customer or requisition department.
This means the valuation of inventory will be at the value of the <em>earliest </em>goods purchased and that the cost of goods sold will be at the <em>latest </em>prices.
<u>Units Sold Calculation</u>
In this question we are provided with Ending Inventory Balance of 26 units. Since its Periodic system, calculation of sales units will simply be Total Balance Available for Sale (Opening Balance plus Purchases) less Ending Balance of Inventory units.
<u>Cost of Sales Calculation</u>
Now with the units sold having been calculated, we have to use the principles of LIFO to make sure that of those units sold, last goods purchased are the first ones to be issued to the final customer.
emission of greenhouse gases
Greenhouse gases are naturally present in the atmosphere in order to keep the earth warmer by trapping some of the sun's rays on earth. Greenhouse gases include water vapor, carbon dioxide, methane, nitrous oxide, ozone, chlorofluorocarbons, and hydrofluorocarbons.
Human activities contribute to the emission of greenhouse gases in the atmosphere through fossil fuel use, industrial processes, and intensive livestock farming, among others. Emission of large amounts of greenhouse gases can increase their natural levels in the atmosphere, possibly resulting to global warming.
