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All business strategies seek to gain competitive advantage. a. True b. False

insens350 [35]

True.............: :3

7 0

2 years ago

Group price discrimination has ________ consumer surplus than under ________.

makvit [3.9K]

Answer:

The correct answer is letter "B": less; perfect competition.

Explanation:

Typically, more output is produced in perfect competition markets than in markets ruled by price discrimination. Consumer surplus is greater at the same time. Group price discrimination transfers the company some of the competitive consumer surpluses as an additional profit and causes the loss of deadweight due to reduced production.

5 0

3 years ago

suggest promotional tools which the company can use to help it develop a completely new image for its product

vivado [14]

Answer:

The 4 Ps of marketing are product, price, place and promotion. All four of these elements combine to make a successful marketing strategy. Promotion looks to communicate the company’s message across to the consumer. The four main tools of promotion are advertising, sales promotion, public relation and direct marketing.

Thank you hope it is helpful if it is helpful plz mark me as brainlist

3 0

2 years ago

When Russell turned 21-years-old, his father gave him a management position at the family's hardware store. He explained to Russ

kompoz [17]

Answer: This business is a Private Corporation.

Explanation: As the name implies, a private corporation is an organization that is privately owned. Private corporations are capable of issuing stock and having shareholders, but their shares do not trade on public exchanges.

We can see that the company that is described in the scenario above possesses the attributes mentions in the definition.

The company is private because it has been in the family for five generations, also, the managers in the business are hired from within the family.

5 0

2 years ago

Imperial Jewelers manufactures and sells a gold bracelet for $403.00. The company’s accounting system says that the unit product

AysviL [449]

Answer:

a) Financial advantage  $2,208 

b) The company should accept the special order, as it will increase its profit by $2,208

Explanation:

The relevant costs for decision to accept the special order are

I Incremental Revenue from the special order

2. incremental variable cost

3. The cost of the special tool

Unit variable cost = 143 + 90 + 8 + 7 = $240

Note that that the increase in material cost of $8 and the variable manufacturing overhead of $7 are relevant to the special order decision. Hence they are added.

And the balance of manufacturing overhead would be incurred either way. Therefore , they are not relevant for the decision

$

Sales revenue from special order

(22× $361.00) 7942

Variable cost of special order

(22× $240 ) (5280 )

Cost of special tool (454)

Financial advantage  2,208 

The company should accept the special order, as it will increase its profit by $2,208

3 0

2 years ago