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3 years ago

Common approaches to pricing are oriented around which four elements?

1 answer:

7 0

Profit, Competition, Cost and Demand are the element which the approaches for pricing fixing are oriented around.

Pricing refers to the process of determining the value that a producer will receive in the exchange of services and goods produced with final consumers or middle men.

The aim of generating profit is one of the element considered for price fixing.

Competition levels with other companies in the industry will influence price fixing because consumers pocket have to be considered.

Level of Cost incurred during production of the goods and services also play a great role in price fixing.

Demand from the market also influence price setting on a product.

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3 years ago

Uncle Tupelo's Gifts signs a three-month note payable to help finance increases in inventory for the Christmas shopping season.

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Answer:

Interest expense --------$1,500

Interest payable-------------- $1,500

Explanation:

Given the following ;

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2 years ago

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3 years ago

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