Price is the value that is put into a product or service As a result of lots of calculations, research, understanding, and risk-taking. A pricing strategy, on the other hand, is the smart way a company makes in order to target and attract customers. There are four pricing strategies:
<span>1. </span>Premium pricing
<span>2. </span>Penetration pricing
<span>3. </span>Economy pricing and
<span>4. </span>Skimming pricing
Premium pricing and skimming strategy both use a high price while penetration pricing and economy pricing use a low price. <span>
<span>When Dillard company reduced the price of children’s Levis from $31.99 to $24.99, the used the penetration pricing. And when the manager of Jenney instructed his staff to do the same, he used the penetration pricing strategy also to attract customers. </span></span>
Answer:
Option b. Differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
Explanation:
Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.
A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.
<span>The nominal group technique which is a group process involving problem identification, solution generation, and decision making. Its uses are in groups of many sizes, who want to make their decision quickly, as by a vote, but want everyone's opinions taken into account</span>
