$127.27
Price index is (new year/old year)*100
If 2005 is the base/old year, then:
$700/550 = 1.27273 * 100 = $127.27
Price index is used to show inflation from year to year by the change in price for the same goods in a base year to current year. Price index for the base year compared to the base year will always be 100, so anything above that shows inflation.
Answer:
Pricing
Explanation:
4 ingredients of marketing mix are Pricing, Product, Place and Promotion(the 4Ps).
Pricing- is for determining the value that is put on a product including rebates. Deciding the correct intrinsic value of a product puts a lot of factors into consideration like the target market, the consumer willingness to pay, whether it is sufficient enough for the company to make a profit out of it.
Product - answers the <em>what</em>; the actually good or service being offered for sale.
Place- answers the <em>where; </em>the location of product so customers can buy it.
Promotion- any activities to inform the target market that the product exist, how to use it etc. this includes advertisement, word of mouth among others.
Answer:
80 dollars.
Explanation:
Opportunity cost is the cost of the next best option that was forgone when one alternative is chosen.
Lisa next best option is going out with a friend, which she values at 80 dollars.
I hope my answer helps you
