Answer:
Sales-Oriented Pricing objective
Explanation:
Sales-oriented pricing objective focuses on increasing sales and gaining a greater market share.
This strategy prioritizes increasing sales over increasing profits, and it can be achieved by cutting costs and reducing prices to attract more customers.
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Answer:
The Producer surplus = 19.6.
consumer surplus = 12.25.
Aggregate supply = 31.85.
Explanation:
Normally, the demand equilibrium function equals to supply equilibrium function will get us the price which is $3 that is Qd = Qs. Hence, if we equate both function together like;
15 - 2P = 5P - 6.
15 +6 = 5P + 2P.
21 = 7P.
P = $3.
Thus, Qd = 15 - 2P= 15 - 2(3) = 15 - 6 = 9 units.
Qs = 5P - 6 = 5(3) - 6 = 15 - 6 = 9.
Therefore, if the price is going to be Increased by $4, we will have that;
Qd = 15 - 2P= 15 - 2(4) = 15 - 8 = 7 units.
=> The Producer surplus = 1/2 × 14 (4 - 1.2) = 19.6.
=> consumer surplus = 1/2 × 7 (7.5 - 4) = 12.25.
Aggregate supply = Producer surplus + consumer surplus = 19.6 + 12.25 = 31.85.
Answer:
B) Inventory turnover ratios
Explanation:
Inventory turnover measures how many times a business sells and replaces its merchandise or materials inventory during an accounting period, usually a year.
One of the basic goals of JIT is to lower the total inventories in a company, therefore increasing the inventory turnover ratio. This reduces the company's operating costs.
Answer:
The minimum would be the present value of the bonus, which is 5,075.72 dollars
Explanation:
we have to discount the 7,200 dollar bonus at 6% discount rate for 6 years to get the present value of the bonus:
Maturity 7,200
time 6 years
rate 6% = 6/100 = 0.06
PV $ 5,075.7159
