The FDIC in the United States insures some financial accounts up to what amount?

Explain about New product pricing strategy

Vanyuwa [196]

The first new product pricing strategies is called price-skimming. It is also referred to as market-skimming pricing. Price-skimming (or market-skimming) calls for setting a high price for a new product to skim maximum revenues layer by layer from those segments willing to pay the high price.

CORRECT ME IF IM WRONG

HOPE IT HELPS:)

7 0

2 years ago

When the Wright brothers designed their aircraft, they built a wind tunnel to model the aerodynamics of different wing designs.

kodGreya [7K]

Answer:

Endogenous factors (variables that can be controlled when performing a model test):

aircraft speed
wing angle

The Wright brothers used the wind tunnel to improve the design of their aircraft's wings.

Exogenous factors (variables that cannot be controlled when performing a model test):

wind and rain
air pressure

No one can control the climate.

8 0

3 years ago

Types of imperfect competition

hoa [83]

Monopolistic competition: A situation in which many firms with slightly different products compete. Production costs are above what may be achieved by perfectly competitive firms, but society benefits from the product differentiation.

Monopoly: A firm with no competitors in its industry. A monopoly firm produces less output, has higher costs, and sells its output for a higher price than it would if constrained by competition. These negative outcomes usually generate government regulation.

Oligopoly: An industry with only a few firms. If they collude, they form a cartel to reduce output and drive up profits the way a monopoly does.

Duopoly: A special form of Oligopoly, with only two firms in an industry.

Monopsony: A market with a single buyer and many sellers.

Oligopsony: A market with a few buyers and many sellers.

3 0

3 years ago

Eva, the owner of eva's second time around wedding dresses, currently has five dresses to be altered, shown in the order in whic

AlladinOne [14]

The correct answer is 2.2 hours.

If Eva uses the earliest due date priority rule, the order of the dresses will be as follows: W (1 hour processing time, 1 hour due); Y (2 hrs processing time, 3 hrs due); V (3 hrs processing time, 5 hrs due); Z (5 hrs processing time, 7 hrs due); X (4 hrs processing time, 9 hrs due).

It's easier to do the next step using real numbers. For example, if it's 11am now and W is due in 1 hour, then W is due at noon. If Y is due in 3 hours, then Y is due at 2pm, etc. Then, you need to use the processing time to see how long it will take to make the dresses. For example, since W takes one hour to process, it will be done by noon, its due date.

This means that W and Y will be altered on time, V will be 1 hour late, Z will be 4 hours late, and X will be 6 hours late. To find the average tardiness, add these extra hours (1+4+6) = 11, and divide by the total number of dresses (even the ones that weren't late) 5: 11/5 = 2.2 hours.

8 0

3 years ago

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of

melamori03 [73]

Questions

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:

November 1 November 30

(Actual) (Desired)

Raw materials (pounds) 91,400 86,400

Finished goods 8,500 9,600

(a.) Calculate the number of units of product to be produced during November.

(b.) Calculate the number of pounds of raw materials to be purchased during November

Answer:

Number of units to be produced= 76,100 units

Raw materials to be purchased= 527,700 pounds

Explanation:

Units to be produced

Number of units to be produced = sales budget + closing inventory - opening inventory

= 75,000 + 9,600 - 8,500 = 76,100 units

Number of units to be produced= 76,100 units

Raw materials purchase budget

Raw materials to be purchased = Raw materials to be used + closing inventory of raw materials - opening inventory of raw materials

Raw material usage = production units × standard pounds per unit

= 76,100× 7 =532700 pounds

Raw materials to be purchased = 532,700 +86,400 - 91,400=527700

Raw materials to be purchased= 527,700 pounds

4 0

3 years ago