The answer is "tariffs".
If we define tariff in simple words, then we can say that tariff is a tax and it adds to the cost of imported merchandise and is one of a few exchange arrangements that a nation can authorize.
Tariffs are regularly made to ensure newborn child ventures and creating economies but at the same time are utilized by further developed economies with created enterprises.
Answer:
B, penetration pricing
Explanation:
Penetration pricing is a pricing strategy in which a manufacturer sets the price of its product low for a start so as to have a wide reach and acceptability in the market.
This pricing strategy is meant to make customers ditch their usual product for the new product, thereby having the new product attracting customers to itself.
Ultimately, penetration pricing increases market share of the new product manufacturer as it gains a lot of customers within the shortest possible time.
Penetration helps to discourage new product entrance into the market thus giving the product a large/high stock turnover throughout the product's distribution channel.
In the above question, Frito lay introduced its chips at a low price of 69cents for a period of time (first few months, say 3 or 4 months for example) in order to gain market share quickly.
Cheers
Answer:
Explanation:
(1)
FV = PV x (1 + r)^N
FV = $75,000
PV = $35,000
r = 8%
75,000 = 35,000 x (1.08)^N
(1.08)N = 2.1429
N ln 1.08 = ln 2.1429
N = ln 2.1429 / ln 1.08 = 0.33 / 0.033 = 10 years
(2)
FV = Annual payment, A x PVA
FV = $43,700
n = 6 years
A = 8,000
43,700 = 8,000 x PVA
PVA = 5.4625
PVIFA (6 years, r%) = 5.4172
r=3%.
(3)
PV = Annual payment, A x PVIFA (r%, n years)
PV = $18,000
n = 6 years
r = 9%
$18,000 = A x PVIFA (9%, 6 years) = A x 4.4859 [From PVIFA table]
A = $18,000 / 4.4859 = $4,012.57
Answer:
Option B, Jamal is entitled to revoke acceptance because he took back the motorcycle after the seller's assurance that the nonconformity would be cured.
Explanation:
The primary purpose of purchasing goods is to obtain conforming goods of the desired quality. Occasionally, the seller delivers non-conforming goods, goods that fail to meet the contractual obligation (obligations include: seller's description, statements promises...). In situations like this the buyer may revoke his acceptance if already accepted or reject the delivery upon discovery.
If delivery is already accepted, acceptance may be revoked;
* On the reasonable grounds that its non-conformity would be cured and it has not be cured.
* Without discovery of such non-conformity if his acceptance was reasonably induced either by the difficulty of delivery before acceptance or by the seller's assurances.
Therefore, option B best suits the question. Under these circumstances, Jamal is entitled to revoke his acceptance because the he took back the motorcycle after the seller's assurance that the non-conformity would be cured which was not, even after several complaints.
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