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dangina [55]
3 years ago
7

When a ________ is offered on lower-priced items as a sales promotion, the time and trouble of mailing in a proof of purchase to

get the rebate check often means that many buyers never take advantage of it.
Business
1 answer:
sergejj [24]3 years ago
6 0

Answer:

Rebate

Explanation:

rebate in marketing can be regarded as a promotion techniques in sales it is a form of discount when buying product, it can be explained as as cash refund , it is when some of the paid cash by buyer is been returned to him/her.

.It should be noted that When a rebate is offered on lower-priced items as a sales promotion, the time and trouble of mailing in a proof of purchase to get the rebate check often means that many buyers never take advantage of it.

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15. Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an as
igomit [66]
I think answer is (b) number because she loves to ride and spend every spare minute helping her uncle with his three horses.
5 0
3 years ago
Assume a purely competitive firm is selling 200 units of output at $3 each. At this output, its total fixed cost is $100 and its
raketka [301]

The correct option is:<u> maximizing its </u><u>profit</u><u>, but not necessarily the </u><u>maximum profit</u><u>.</u>

<h3>What is Profit Maximization in a Perfectly Competitive Market ?</h3>

The perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price.

When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.

A perfectly competitive firm has only one major decision to make—namely, what quantity to produce. To understand why this is so, consider the basic definition of profit:

Profit=Total revenue−Total cost

(Price) (Quantity produced)−(Average cost) (Quantity produced)

According the question scenario,

<u>Given:</u>

Firm is selling  = 200 units

output = $3 each

fixed cost = $100

variable cost = $350

<u>solution:</u>

Total average cost = variable cost + fixed cost .........(1)

Total average cost  = 350 + 100

Total average cost  = $450

Cost per unit = average cost ÷ no of unit ...................(2)

Cost per unit = 450  ÷  200

Cost per unit = $2.25

So here firm is incurring per units is $2.25 but here earning per unit is $3.

So that here firm is earning economic profit as here market price is greater than earning maximum profit.

Therefore, we can conclude that the correct option is : <u>maximizing its profit, but not necessarily the </u><u>maximum profit. </u>

Learn more about Profit Maximization on:

brainly.com/question/13464288

#SPJ4

8 0
2 years ago
Which of the following is a false statement?
astraxan [27]

D) All states have a flat state tax.

8 0
3 years ago
Construct a data table in excel that will show lindsay the balance of her retirement account for various levels of annual invest
Maslowich
Given:
Principal = 11,000
return rate = 6%
term = 20 years

Without additional information, I can treat this problem as a simple interest problem.

Simple Interest = Principal * rate * term
Simple Interest = 11,000 * 0.06 * 20 years
Simple Interest = 13,200

11,000 + 13,200 = 24,200 total balance after 20 years.

Assuming that the interest is compounded once a year.

A = P (1 + i/n)^t*n
A = 11,000 (1 + 0.06/1)^20*1
A = 11,000 (1.06)^20
A = 11,000 * 3.207
A = 35,278.49 total amount after 20 years.

The amount involving compounding interest is greater than simple interest because in compounding interest, the interests earned in the previous years also earn its own interest. Whereas, in simple interest only the principal earns an interest. 


7 0
4 years ago
What are the typical fees banks charge?
baherus [9]
What are the typical fees banks charge?
7 0
3 years ago
Read 2 more answers
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