Bigtime products, inc. sets high prices for its products, and the company seeks profit margin, not volume. in the Market Skimming strategy is bigtime products engaged.
Market skimming is when a manufacturer sets a high introductory price to attract buyers with a strong desire for the product and the resources to buy it, and then gradually lowers the price to attract the next and subsequent layers of the market. pricing approach.
Price skimming helps build a quality image and product perception. Cost Recovery: Helps companies recover development costs quickly. High Profitability: Brings high-profit margins to the company.
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Answer:
promotes greater economy.
Explanation:
The standard cost is the predicted cost that is used for manufacturing the product. It involves direct material cost, direct labor cost, and manufacturing cost. Instead of using the actual cost of the above costing use the expected or standard cost so that the company could known about the variances that lies between the actual cost and the standard cost
Therefore by using the standard cost it promotes the greater economy
Hence, the last option is correct
C.the demand curve for butter shifts to the right
Answer:
£10,000
Explanation:
Simon is a shareholder in a private limited company. As a shareholder, he enjoys limited liabilities to the debts of the company. Limited liabilities means that his obligations to the debts of the business are limited to the amount of capital invested. Should the company fail in meeting its obligations, Simon's liabilities to the company will be a maximum of $10,000, which is the amount he invested.
The limited liabilities feature protects shareholders and investors in private limited companies and corporations from losing more than their contributed capital in case a business fails. Simon's personal assets of $100,000 will not feature in any way.
Answer:
A. True
Explanation:
The Operating Margin is the profit obtained for every dollar of sale and this is the sames as saying a certain amount of sales makes it to the net income line on the income statement.
