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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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J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two part

Elina [12.6K]

Answer:

cash 110,000 debit

land 100,000 credit

gain at disposal 10,000 credit

--to reocrd teh sale of land--

accounts payable 80,000 debit

cash 80,000 credit

--to record the payment of liabilities--

gain at disposal 10,000 debit

Morgan 7,500 credit

Halsted 2,500 credit

--to distribute the gain from sale--

Morgan 22,500

Haslted 7,500

Cash 30,000

--to liquidate the partnership--

Explanation:

ratio 3:1 (3+1=4)

Morgan 15000 share of 3/4 = 75%

Halsted 5000 share of 1/4 = 25%

there is gain of 10,000 in the sale distribute as follow

Morgan 10,000 x 75% = 7,500

Halsted 10,000 x 75% = 2,500

Now we close the account against cash

8 0

3 years ago

A manufacturing company is considering a capacity expansion investment at the cost of $258,388 with no salvage value. The expans

Jobisdone [24]

Answer:

33,610.42 units

Explanation:

For computing the minimum annual production rate first we have to determine the annual worth by using the PMT formula which is shown below:

Given that

Present value = $258,388

Interest rate = 10%

NPER = 7 years

Future value = $0

The formula is shown below:

= PMT(RATER;NPER;-PV;FV;type)

The present values comes in a negative

After solving this, the annual worth is $53,074.32

And, the annual operating maintenance cost is $28,599

So, the revenue should be

= $53,074.32 + $28,599

= $81,673.32

Now the minimum annual production rate is

= $81,673.32 ÷ $2.43

= 33,610.42 units

4 0

3 years ago

When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cos

Andrews [41]

The given statement " When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cost packaging. The company would most likely choose a minimal promotions strategy with few, if any, broad communications " is TRUE.

Explanation:

The marketing mix relates to the series of measures or strategies used by a corporation to sell a commodity or product on the marketplace.

The 4Ps represent a traditional marketing blend, including price ,product ,promotion and place.

Define the firm's Single Sales Proposal (USP).
Describe the brand target audience.
Define in depth the element.
Develop a product pricing plan.
Recognise the market location of the product. Specify the advertising techniques you are using for the product.

5 0

3 years ago

Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $

morpeh [17]

Answer:

$15,300

Explanation:

GDP = Consumption + Investment spending + Government Spending + Net Export

Net Export = export - import

=$9,000 + $3,000 + $3,500 + ($2500 - $2700) = $15,300

I hope my answer helps you

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3 years ago

Which type of investment income happens when an investor sells ownership in an equity investment that's gained value? (Select th

Westkost [7]

Answer:So, a capital gain is a profit that occurs when an investment is sold for a higher price than the original purchase price. Investors do not make capital ...

Explanation:

4 0

2 years ago

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