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REY [17]
3 years ago
5

An article in the New York Times about J.C.​ Penney's pricing strategy under former CEO Ron Johnson​ observes: ​"Penney had pull

ed up the​ anchor, only to see many of its customers sail​ away." ​Source: Stephanie Clifford and Katherine​ Rampell, "Sometimes We Want Prices to Fool​ Us," New York Times​, April​ 13, 2013. In behavioral​ economics, an​ "anchor" is A. linking the price of one product to another product. B. relating an unknown value or price to another similar known value or price. C. setting the highest possible price for a product. D. setting the lowest possible price for a product.
Business
1 answer:
kap26 [50]3 years ago
5 0

Answer:

B. relating an unknown value or price to another similar known value or price.

Explanation:

Anchoring is the term used to describe a phenomenon where individuals after being exposed to a particular figure (in this case a price) tend to subsequently use that figure as a reference point.

Thereby fixing of future prices will be biased towards this figure.

In this instance an anchor was in place and kept the customers loyal. But when Penney pulled up the​ anchor, many of the ccustomerswent away.

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Which one of the following is the price a dealer will pay to purchase a bond? a. bid-ask spread b. par value c. call price d. bi
svp [43]

The bid price is the price a dealer will pay to purchase a bond.

A bid price is an amount that someone is willing to pay for a security, asset, commodity, service, or contract, among other things. In a lot of markets and places, it is referred to as a "bid."

A bid typically represents a reduction from the "ask" price, which is the price at which sellers are willing to accept an offer. The spread between the two prices is known as the bid-ask spread.

Market makers place ongoing bids for securities and may also do so when a seller asks for a price at which they can sell. Unsolicited bids are those that a buyer submits while a seller isn't actively looking to sell, which happens occasionally.

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6 0
2 years ago
Angela is part of the senior management of Fifian Inc., an event management company. She along with other members of the senior
VladimirAG [237]

<u>Full question:</u>

Angela is part of the senior management of Fifian Inc., an event management company. She along with other members of the senior management plans the annual budget of the company. Angela, however, is not required to take inputs from or involve the middle and supervisory managers of the company in this planning process. In the given scenario, Fifian Inc. most likely uses _____.

A. top-down budgeting

B. incremental budgeting

C. bottom-up budgeting

D. zero-based budgeting

<u>Answer:</u>

In the given scenario, Fifian Inc. most likely uses top-down budgeting

<u>Explanation:</u>

Top-down budgeting relates to a budgeting system where senior management equips a high-level estimate for the company. Through top-down budgeting, the company’s administration views prior practices and contemporary market circumstances.

Customarily, department directors and lower-level staff do not partake in the meetings but may put forward proposals for consideration. Such a kind of budget concentrates on the overall germination of the organization. Since managers are not a member of the budget-making method, they may not perceive much urge to assure their success.

3 0
4 years ago
For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the ______ Accumulated
ddd [48]

 For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the debit. Accumulated Depreciation on the credit.

Therefore, the entry that was made by the accountant, assets and stockholders' equity will be decreased.

  • Depreciation simple defined as the allocation of the cost of a long-lived, tangible asset over its useful life making an expense on the income statement that is matched against the revenue gotten by the use the asset.

The effect of recording depreciation expense on the accounting equation is that Total assets decrease and Total stockholders' equity decreases

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8 0
3 years ago
Read 2 more answers
Peter and Ana Teraglia are wealthy entrepreneurs who are very interested in helping children who have been abused. Their goal is
abruzzese [7]

Answer:

The correct answer is letter "B": philanthropy.

Explanation:

Philanthropy is described as the set of uninterested actions people take to help others. Those others are usually individuals in need who are not receiving any help from governmental institutions. Even if philanthropy is related to the act of providing money, it is not that simple. People dedicating their time volunteering to help others without receiving nothing in return are also philanthropists.

3 0
3 years ago
Oshua usually ignores the little voice that says he should spend more time with his sick grandfather. He is​
emmainna [20.7K]
Joshua usually ignores the little voice that says he should spend more time with his sick grandfather. He is​ not living consciously.<span>Every human being should </span>live<span> his or her life as </span>consciously as possible. <span>The state of living conscious means that you are now the one who makes his very own choices that come from deep within yourself.</span>
8 0
4 years ago
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