Based on the discount offered and the cost of advertising, your budget variance is <u>$500 </u>and it is a <u>surplus</u>.
<h3>How much do you spend on advertising?</h3>
You need to advertise for 6 months which means that you will pay for two three-month advertising seasons.
The first season will cost $2,000 because of the discount and the second season will cost $2,500. Total cost is:
= 2,000 + 2,500
= $4,500
<h3>What is the Budget surplus?</h3>
= Budget - Amount spent
= 5,000 - 4,500
= $500
Find out more on budget variance at brainly.com/question/25625268.
Answer:
Administrative
Explanation:
The theory of management that is being described is known as the Administrative management theory. This theory tries to come up with a rational way of designing an organization so that it works as a whole entity. Doing so allows for the organization to function at the highest efficiency and effectiveness levels, which overall brings lower costs and increased profits for the organization.
Answer:
symbolic/prestige pricing
Explanation:
Symbolic/prestige pricing occurs when consumers associate with goods based on how costly it is. If the princes of the goods are low it doesn't encourage buyers to make purchases as they seem to associate high prices with top quality.
This is why matrix charges high for its cologne. Therefore Symbolic/prestige pricing is the answer to the question.
Answer:
A) shut down; losses; $15,600
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. Firms earn zero economic profit in the long run.
If in the short run, price is less than average variable cost, the firm should shut down. In this question, price ($10) is less than average variable cost ($18). The firm should shut down in the short run.
Profit or loss = Total revenue - Total cost
($10-$23) x 1200 = -$15,600
The firm is earning a loss because average total cost in greater than price.
I hope my answer helps you
Answer:
On the market
Explanation:
On the market is the phrase that refers to items that have been offered to the market for sale. When an item has been labeled 'on the market,' it means the item is available for sale. Buyers are invited or welcomed to buy.
In the market is when a buyer is shopping for an item to buy. In the market for a car mean they are looking for a car to buy.
