Which are examples of marketing businesses? (Check all that may apply)

What is the penalty for a taxpayer who fraudulently claims the EIC

melamori03 [73]

A ban for the next ten years and you must pay back the amount of EITC, plus interest.

4 0

3 years ago

In terms of revenue growth, LEGO experienced a competitive advantage over both Hasbro and Mattel since 2007 becuase it grew much

Ilya [14]

Answer:

Unique product.

Explanation:

The main driver of the LEGO's strategy is their unique product. Despite it is easily fakeble, LEGO has reach a level where the product is inseparable of the experience that offers the toy. Unlike, Hasbro or Mattel, unable yet, of produce a unique toy and an unique experience.

Some would say that is the marketing strategy the actual competitive advantage, but is important to remember that there is no good marketing strategy without a good product.

7 0

3 years ago

When the price of a brand new Blu-ray player was $300 each, only 100 people in the small town bought one. When the price dropped

amm1812

Answer:

Elastic demand.

Explanation:

The term elastic demand describes a situation where a small change in price causes a considerable change in demand. In other words, the change in demand is not proportionate to the change in price.

As per the law of demand, an increase in price decreases the quantity demanded. The term elastic in this context means stretching or moving. A good has elastic demand if its demand is highly responsive to changes in price.

In the case of the Blu-ray player, the price changed from $300 to $50. A drop of $250. As a percentage, the price dropped by (250/300 x 100) = 83.3%. The demand increased from 100 to 1000. An increase of 900 units. The percentage increase =(900/100 x 100)=900%.

The demand for Blu-ray is elastic. A price decline of 83% causes the demand to rise by 900%.

6 0

3 years ago

The price of tickets for a Rolling Stones concert is $50. At that price, tickets sell out almost immediately. After tickets sell

lozanna [386]

Answer:

c. the market equilibrium price of tickets to the concert exceeds $50

Explanation:

Markets are at equilibrium when Market Demand = Market Supply and downward sloping demand curve, upward sloping supply curves intersect.

As mentioned : At Price = $50, demand of the product still exists after market clearing. This implies there is case of Excess Demand at prevalent price. This case happens when actual price < equilibrium price , because demand is more & supply less at lower prices

So: Actual price $50 is less than the market equilibrium price (which should be rather higher), equalising market demand & market supply - which should be rather higher.

8 0

4 years ago

Mary's Music Store reported net income of $135,000. Beginning balances in Accounts Receivable and Accounts Payable were $29,000

Alekssandra [29.7K]

Answer:

$132,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

Increase in accounts receivable = $30,000 - $29,000

= $1,000

Decrease in Accounts payable = $24,000 - $26,000

= ($2,000)

Hence net cash flows from operating activities

= $135,000 - $1,000 - $2,000

= $132,000

6 0

3 years ago

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