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Anna11 [10]
3 years ago
8

A hamburger stand near the local mall sells hamburgers for $3.99, drinks for $1.99, and fries for $1.49, while a gourmet restaur

ant nearby sells entrees for $20, $30, and $45. Both of these restaurants are using ________.
Business
2 answers:
saveliy_v [14]3 years ago
8 0

Answer:

Psychological pricing

Explanation:

Psychological pricing is the pricing method that is based on the belief that prices always have psychological effects. Pricing are purposely done in a way to appeal to customers emotion , To achieve this , a common pattern is always employed in the pricing system . It could either be the use of odd numbers for prices or a rhyme decimal figure.

Using two decimal figures and whole numbers by the two stores is an example of psychological pricing system

wel3 years ago
5 0

Answer:

Psychological pricing

Explanation:

Psychological pricing also known as price ending, charm pricing is a pricing and marketing strategy based on the theory that prices produces a psychological impact. This involves setting prices as odd prices being a little less than a whole number such as $9.99 or £2.99. It is believed that consumers think that this prices are lower than they actually are.

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Livesheer, a youth-focused clothing brand, signs a contract with the organizers of a music festival. Under the contract, the org
Bumek [7]

Answer:

The correct answer is a) Sponsorship.

Explanation:

When it comes to sponsorship between two companies, it refers to the agreement they make so that one of the companies helps the others to promote its brand or product, benefiting from an economic incentive or the same product.

For example, in the case of the Livesheer company, they help sponsor the music festival with the agreement that the organizers promote their clothing brand at the festival through advertisements, as well as let them deliver a sample of their product to potential customers. This strategy is achieved through the sponsorship that Livesheer will give to the event organizers.

<em>I hope this information can help you.</em>

7 0
3 years ago
In the short run, if P &gt; ATC, a perfectly competitive firm:A. produces output and incurs an economic loss.B. produces output
denpristay [2]

Answer:

D. produces output and earns an economic profit.

Explanation:

The firm will produce as making the product will pay the cost of the units produced with the current market price of the final good.

As the price is above the average total cost the firm will also earn an economic profit (that is after the accounting profit of explicit cost we subtract the opportunity cost with are implicit in any business and even there, the company manages to get a profit.

3 0
3 years ago
Kate's 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate's costs for servers, cooks, electricity, fo
REY [17]

Answer:

The correct answer is option c.

Explanation:

The price of Kate's breakfast special is $5.

The average variable cost is $3.95.

The average fixed cost is $1.25.

The average total cost

= $3.95 + $1.25

= $5.20

The price is not covering the average total cost but it is covering the average variable cost. The firm can continue operating in the short run but stop production in the long run.

6 0
3 years ago
Bauer Software's current balance sheet shows total common equity of $5,125,000. The company has 530,000 shares of stock outstand
Mumz [18]

Answer:

The difference is $9,450,000

Explanation:

Market Value of Share = $27.50 x 530,000

                                     =$14,575,000

Book Value  = $5,125,000.

Difference    = $14,575,000- $5,125,000.

                   =$9,450,000

The market value is greater than book value by $9,450,000

5 0
4 years ago
Which of the following is not a part of monitoring control plans? a. Ensuring appropriate communications b. Assessment by manage
fredd [130]

Answer:

d. Monitoring, and observing the work of others

Explanation:

  • A monitoring control plan is one where the controlling and the monitoring start as the project begins and the work process of the targeting and reviewing and regulating the process in order to meet the performance activities and it's the fourth process of the project management. This process oversees all the tracks and metrics that are needed for the authorized projects as to process with the minimum risks.
4 0
4 years ago
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