Answer:
B. brand equity
Explanation:
Brand equity is the value of a brand as a result of having recognition. If a company has a positive brand equity, consumers are willing to pay more its product than what they are willing to pay to the competition. According to this, Secret deodorants have more brand equity than comparable store brand deodorants as consumers are willing to pay $2.99 for Secret and $1.99 for a functionally similar store brand.
Answer:
$12,000
Explanation:
According to the given situation,the computation of the outside basis is shown below:-
Total Outside basis = Adjusted basis - Non-recourse mortgage + G's share of mortgage
= $18,500 - $9,750 + ($9,750 × 3)
= $18,500 - $9,750 + $3,250
= $12,000
Therefore for computing the total outside basis we simply applied the abovbe formula.
Answer:
Nonprofit Organization.
Explanation:
The application of marketing strategies and practices not for profit but rather to change or create behaviors that have a beneficial impact on targeted individuals or society as a whole is known as Nonprofit Organization which is a business that has been allowed tax-exempt situation by the Internal Revenue Service (IRS) as it promotes a social belief and provides a public support. A nonprofit necessarily assist the public in any way, whether by offering goods, services, or a combination of both.
Answer:
A. penetration pricing
Explanation:
Penetration pricing strategy is an approach where a business seeks to gain a sizeable market share by offering a product at a reduced price. The penetration strategy is mostly used when introducing a new product in a competitive market. Marketers use reduces prices to entice customers to buy the and new product.
Penetration pricing strategy aims at changing customer preferences by introducing a new, low-priced product. There is always a risk that customers will perceive this new and low-priced product to be of inferior quality. Middle and high-end customers are more likely to view a low-cost product item as not of their desired standard
Economic profit is calculated as:
Economic profit = Total Revenues – Total Cost
Total cost both includes explicit and implicit cost. In
this case, the explicit cost is $8,000 while the implicit cost is $64,000.
Explicit cost is a direct payment made to run the business while implicit cost
is the opportunity as accountant that is lost. Therefore,
Economic profit = $150,000 – ($8,000 + $64,000)
<span>Economic profit = $78,000</span>
