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3 years ago

The determination of an exchange price acceptable to both the buyer and the seller of a product is called

Business

1 answer:

antoniya [11.8K]3 years ago

6 0

Answer: pricing

Explanation:

Pricing is the determination of an exchange price acceptable to both the buyer and the seller of a product.

When a seller is determining the price of a product, she considers cost of production, projected revenue, price of competitors, market condition and regulation.

A buyer would consider the quality of the product ,economic conditions and utility when deciding on the price to acquire a product.

The different types of pricing strategies are -

1. Penetration pricing - when prices are set very low to attract customers and to gain access into a market.

2. Premium pricing- when prices are set very high so that the product would appeal to certain consumers.

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Calculate the dollar rates of return on the following assets: A painting whose price rises from $200,000 to $250,000 in a year.

Gennadij [26K]

Answer

A. 25%

B.8%

C. 1.2%

Explanation:

($250,000 − $200,000)/$200,000 = 0.25 or 25%

($275 − $255)/$255 = 0.08 or 8%

Their was No exchange rate movements involved assets & returns all in U.S. dollars

Step 1: £10,000 * $1.50/£ = $15,000 initial $ investment

Step 2: £10,000 * (1.10) = £11,000 at end of year

Step 3: £11,000 * $1.38/£ = $15,180 at end of year

Step 4: ($15,180 - $15,000)/$15,000 =

0.012, or 1.2%

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3 years ago

Over the last 50 years, family income has become __________ in explaining the educational achievement gap

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3 years ago

The team created to document procedures throughout the organization had several _________________________, or expectations of be

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Answer:

a. team norms

Explanation:

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2 years ago

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Management wants to build a culture where employees keep security in mind. Employees should be able to access information freely

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Answer: Posters promoting good security behavior and designated mailing list.

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3 years ago

An auditor has determined a $10 million materiality level for a client's balance sheet and a $3 million materiality level for th

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Answer:

D. $ 3 million or more

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Therefore, whether it is on individually or collectively identified that there is misstatement of at least $3 Million the auditor will consider it material.

They will notify appropriate authorities regarding the misstatement.

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