Answer:
Lower overhead leads to lower prices and higher profit margins. However, fixed costs of acquiring the land are just one of the components of total overhead.
Explanation:
Overhead costs are costs that are not directly associated with running a business, like accounting or legal costs or in this case costs of acquiring land. Since these indirect costs vary and are not the same in every period, they are supposed to be measured monthly. However, small overhead definitely places a business in better position than the competition, as it can charge fewer price for its products and could lead to increase of profit margin. Bought land is just one of the factors that is included in these indirect costs, however if total overhead is really lower, than the firm's claims can be perceived as true.
We can offer you a quality men's suit for under $200, the salesman says. The actual price is $199.99. This is an example of: Odd-even pricing.
Psychological pricing method based on the credit that certain prices ranges are more attractive to buyers.
Answer:
Revenue
Explanation:
In finance, revenue recognition principle can be associated to acrrual accounting, it stated that recognition of revenue should only take place when revenue is earned or received, it shouldn't be when there is received cash. It helps to know periods that revenue is needed to be recognized.
It should be noted that Consistent with revenue recognition principle, companies record revenue at the time goods are provided to customers.
The answer is marginal costs in both places are the same. This
is because the farmers in both places are profit-maximizers, the value in each flat
is equal to MC or Marginal Cost and subsequently the market of corn is competitive,
the price of corn in both places is the same. Also, marginal costs are higher
in East Icicle than in Corncrib can also be a possible answer. For any given outflow
per acre Corncrib’s corn yield are far better than in East Icicle, at any level
of output, the marginal cost per acre in East Icicle must be higher in
Corncrib, which suggests that in equilibrium the output level of corn in East
Icicle is less than the output level of corn in Corncrib.
In an Italian leather goods company, all the top management positions in international operations are held by Italian nationals The staffing policy followed by this company is push strategy.
Italian leather-based is called the very excellent withinside the leather-based industry. This is the end result of its lineage and steady first-rate. In the style industry, luxurious manufacturers like Gucci and Louis Vuitton best use Italian leather-based due to the fact it's far recognizable as a mark of first-rate Cheaper leather-based objects are crafted from vera pelle or vero cuoio, frequently inclusive of layers of low first-rate leather-based glued collectively and dyed to resemble extra prized.
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