Option 3. Fred has decided to implement a(n) <u>survival </u>pricing strategy where he will lower the cost of the menu items to the point where his revenue will just cover his costs, allowing him to survive until the economy picks back up again.
<h3>What is a survival pricing?</h3>
Survival—a strategy used when a company needs to set prices at a level that just makes it possible for it to stay in operation and pay for necessary expenses. For a brief period of time, survival takes precedence above making a profit. In order to be effective, survival pricing must only be employed occasionally or temporarily.
Depending on the sector and type of business, value-based, competition-based, cost-plus, and dynamic pricing are all regularly employed approaches.
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Answer: $820.63
Explanation:
First find the gross pay of the employee.
Hourly rate of $22. Hours worked = 45 hours. Overtime rates apply for anything over 40 hours so overtime hours are 5 hours.
Normal pay = 22 * 40 = $880
Overtime = 22 * 5 hours overtime * 1.5 time normal pay = $165
Total:
= 880 + 165
= $1,045
Net pay to employee:
= Gross pay - Federal income tax - Social security tax - Medicare tax
= 1,045 - 146 - (6% * 1,045) - (1.5% * 1,045)
= $820.63
Answer:
Daniel debería revisar los pros y los contras de las diferentes computadoras disponibles. De esa manera, si los contras pesan más que los pros, no desperdiciaría su dinero.
Explanation:
Answer: Option B
Explanation: In simple words, convenience goods refers to the commodities that are widely available in the market and can be purchased frequently with minimal efforts. Newspapers and candy bars are some of the many examples of convenience goods.
These goods are consumed or loose their values after one or few uses.
A substitute is a good that is seen as relatively equal to another good in consumption. Rice is a staple grain for many people and viewed as an alternative to past. When the price of rice increases, more people will want to buy spaghetti as it is a cheaper alternative, all else being equal;. which will shift the demand curve to the right.
A complement is a good that is often consumed with another good. Spaghetti and meatballs is a common dish, the two goods are often served together. A decrease in the price of meatballs would likely increase the demand for meatballs and the demand for spaghetti. This will also shift the demand curve to the right.
The supply curve for spaghetti is unaffected as this news does not impact the process of production or the price of its inputs.