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sertanlavr [38]
3 years ago
13

Why is cost price important in price determination?​

Business
2 answers:
wlad13 [49]3 years ago
6 0

Answer:

The cost price is the price you buy a product for. You need to compare the cost price to the selling price to know whether you got a profit or loss (did you make money or did you not).

If you don't know the cost price, you don't know whether you have a profit or loss. Of course everyone wants a profit (make money) so to determine a selling price the cost price is important.

wolverine [178]3 years ago
3 0

answer

The most important factor affecting the price of a product is its cost. ADVERTISEMENTS: Product cost refers to the total of fixed costs, variable costs and semi variable costs incurred during the production, distribution and selling of the product. ... The price for a commodity is determined on the basis of the total cost.

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5 0
4 years ago
What are some of the benefits of regional integration?
Fiesta28 [93]

Answer:

1. Benefits Of Regional Economic Integration

2. Enhanced political cooperation. Several nations usually have a much larger political influence as compared to the influence that each individual country would have.

3. Creates trade. Member countries in a regional economic integration agreement have a wider choice of services and goods that were previously unavailable.

<em>4. Employment prospects. </em>

Explanation:

The benefits of regional integration can easily identify. There are economic benefits such as additional trade, improved quality, increased imports and exports, high-quality international relations and an integrated market. Regional integration can enhance the general quality of life for the citizens of those states.

3 0
3 years ago
Cujo invested $2,500 in an account earning 3.4% annual interest that is compounded semi-annually. How long will it take the inve
just olya [345]

Answer:

10 years and 10 months.

Explanation:

Provided information we have,

Amount invested = $2,500

Earning interest rate = 3.4% annually

Compounded semiannually

Thus, period to be considered = 2 in a year

Interest rate = 3.4 \times \frac{6}{12} = 1.7

Thus, effective interest rate = 1.7%

Now, according to future value of compounded rate @ 1.7% at a period 65 factor = 2.9913

Thus value will be $2,500 \times 2.9913 = 7,478.25

That is approximate triple in value.

Thus, total period in number of years = 65/6 months = 10.833 years.

0.833 \times 12 months = 10 months

That exactly means 10 years and 10 months.

5 0
3 years ago
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5 0
4 years ago
"Active investment management may at times generate additional returns of about .1%. However, the standard deviation of the typi
s344n2d4d5 [400]

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magnitude

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3 years ago
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