Answer:
Rise
Rise
Explanation:
Pepsi and Coca cola are considered substitutes. If the price of Pepsi increases, consumers would begin to consume more coca cola and the demand for coca cola would increase. This would lead to an excess of demand for coca cola over supply and prices would rise.
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Answer:
Explanation:
In business, there are a multitude of transactions which takes place day-in-day-out. It is upon the company’s accountant to know whether a transaction is an expense or a revenue. Both advertisement and accrued wages are expenses. Accountants are required record every transaction accurately on the journal to avoid miss leading the company. Therefore, advertisements will go in the advertisement expense account, and accrued wages for the month will be recorded as accrued expenses.
That is an example of overtreatment.
Overtreatment is the term that is used to describe medical professionals who give unecessary health care in order to obtan higher profit compared to the necessary treatment. According to surveys, around 40% of doctors conducted this practice every year.
Under a <u>premium-price emphasis</u>, a business designs products that possess unique attributes or characteristics for which customers are willing to pay more.
When businesses wish to charge more for their products than their rivals do, they employ a premium pricing approach. The intention is to make consumers believe that because the products are more expensive, they must be of superior quality than similar things. The business is staking on the assumption that the customer won't do any research to determine whether the product is really of superior quality. Marketers hope that consumers will take the brand name as a guarantee that their product is superior to that of the competition. Higher profit margins, more difficult entry barriers for rivals, and an increase in brand value across the board are all benefits of a premium pricing strategy.
To learn more about premium pricing strategy from the given link.
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The indemnity principle means that the policy payout should restore the insured to the same financial position in which he was before the loss happened. Since the value of human life cannot be ascertained, the principle of indemnity does not apply as it is not possible to quantify the loss. WRITE IN YOUR OWN WORDS