Answer:
The budgeted gross profit for July is $ 11,000.
Explanation:
total cost of goods sold per july = $8,800
total units sales = $ 550
cost of goods sold for unit = $16
budgeted sale per unit is = $36
budgeted gross profit for unit = selling price - cost of goods sold
= $36 - $16
= $20
total budgeted gross profit for july
= total units sales in july *gross profit per unit
= 550*$20
= $ 11,000
Therefore, The budgeted gross profit for July is $ 11,000.
Answer:
Penetration pricing
Explanation:
Penetration pricing is a marketing strategy that is used to draw customers to a particular good or service by lowering its price. The reasons why companies use penetration pricing is to introduce a new product into the market by creating awareness and also to draw customers away from competitors that have their prices on the high side.
So, if we observe a decrease in price of a good & an increase in the amount of the good bought & sold this could be explained by <u>penetration pricing</u>.
The goal of this is to draw attraction from customers to the product and also keep them once the prices have been returned to their normal levels.
Answer:
Monopolistically competitive firms are regulated by the government to keep long-run economic profits equal to zero.
Explanation:
Monopolistic competition is a type of imperfect competition with many sellers selling similar, but not identical products and there are not perfect substitutes.
In the short run, a monopolistically competitive firm will select the rate of output where marginal revenue equals marginal cost. In the long-run monopolistically competitive firms are regulated by the government to keep long-run economic profits equal to zero.
Answer: (D) Recent college graduates
Explanation:
According to the given scenario, the digital analytics is basically considering the various types of corporate impacts and this approach is basically used to attract the employees potential for the recent graduates fro the college.
There are basically various types of factors that helps in making various types of decisions in an organization for the purpose of higher stake and it also acts in the form of interest of the groups.
It also helps in managing all the activities in a organization and the recent graduates have more enthusiasms and passion. Therefore, Option (D) is correct answer.
