Answer:
low ball
Explanation:
From the question, we are informed about A dealer who persuades a customer to buy a new car by reducing the price to well below that of his competitors. Once the customer has agreed to buy the car, the terms of the sale are shifted by lowering the value of the trade-in and requiring the purchase of expensive extra equipment. Now the car costs well above the current market rate. In this case, This is an example of the low ball procedure. The low-balling procedure can be regarded as lpersuasion tactic whereby the seller offer will give an initial offer of goods/ service at a lower price than the expected price, so that the buyer can commit, after the commitment from buyer, the price will be suddenly increased. This technique is famous among salesmen as well as advertisers.
Answer:
Deluxe
Explanation:
The computation is shown below:
= Sales Value after further processing - further processing cost - sales value
For Premier
= $2,700 - $900 -$1,350
= $450
For Deluxe
= $630 - $225 - $430
= -$25
For Super
= $1,800 - $450 - $900
= $450
For Basic
= $180 - $45 - $90
= $45
As we see that out of four different products, the deluxe contains negative value which reflect that this product should not processed further that means other three products should processed further
The correct options are as follows:
1. <span>In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors.
The scenario given above does not describe a competitive market. This is because, the product that is concerned is not a standardized product. For a market to be competitive, the product been sold must be identical and homogeneous.
2. T</span><span>wo taxi companies serve most of the market in a big city. consumers don't care which taxi company they take, if they decide it's worth taking a taxi, they flag down the nearest one.
</span>The scenario above does not describe a competitive market. This is because, the market is not made up of many sellers. For a market to be competitive, there must be many sellers.
3. The government has granted the U.S. postal service the exclusive right to deliver mail.
The scenario above does not describe a competitive market. This is because, the entry to the market had been restricted by the US government. For a market to be considered competitive, there must be free entry into the market, no barrier must be in place to prevent those who want to enter the market.
4. T<span>here are hundreds of high school students in need of algebra tutoring services in Philadelphia. dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same.
The scenario above describe a competitive market. This is because, it meets all the criteria for a competitive market. There are many producers, many consumers and a homogeneous product.</span>
Answer:
Recourse debt.
Explanation:
Cancelled recourse debt are included as income and are taxable. Taxpayer get the benefit for using the money but does not have burden to repay the amount. These are mainly, prizes, awards on winning any contest etc. Debt which are forgiven or cancelled by lender are considered as Income and taxable. The law say that income from discharge of indebtness are included as income.