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Amiraneli [1.4K]
3 years ago
11

George is ready to launch a designer tie collection under his own brand name. He now has to decide the right market price for hi

s product. What would be the most important factor for George to consider while deciding on the right market price?
Business
1 answer:
nevsk [136]3 years ago
7 0

Answer:

Cost would be most vital factor to be considered while deciding the market price of the product.

Explanation:

Cost is the factor which the business or the firm could not ignore or avoid, as the cost of the production or purchasing the product when it comes to setting or mounting the selling price.

And the business will fail, if it sells for less than the cost or if the profit margin is too low in order to cover the fixed costs associated with the business.

Therefore, the George need to consider the cost of making the tie, then in accordance with decide the market price of his product.

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A buyer and seller have entered into a contract for sale of a duplex. the buter defaults on the contract and the seller claims t
Lerok [7]

Answer:

The answer is: Earnest money deposit (EMD)

Explanation:

An EMD or a good faith deposit is done in a real estate operation. Usually when the buyer doesn´t have all the money to buy the property they make a EMD when signing a sales contract. The EMD gives the buyer some time to get a loan, conduct the title search, a property appraisal and all the inspections necessary before closing the deal. The buyer gets his money back in case something goes wrong with the sell that isn´t his responsibility, i.e. the house has severe damage that was unnoticed until a further inspection was made. But when the sell isn´t carried out due to issues with the buyer, i.e. he couldn´t get his loan approved in time, then the buyer gets to keep the EMD. The contingencies must be stipulated in the contract, ether in favor of the buyer or the seller to establish in which cases a party can claim the EMD.

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Allan is a salesman at a local electronics store and works on commission. when customers come in he does not leave their side un
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Answer:

Assertive.

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One hospital CEO insists on including performance data in the hospital’s annual report. "We do very well on most measures, exc
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Read 2 more answers
Which of the following is included in GDP? a) Cash gifts from relatives during the holidays b) Welfare payments received by some
krok68 [10]

Answer:

D)the cost of a dinner at a restaurant

Explanation:

GDP which means Gross domestic product can be regarded as the monetary value of finished goods as well as services that is been produced within the country at a particular period of time. The 3 types of GDP are

✓Real Gross Domestic Product.[ occur after inflation has been considered)

✓Nominal Gross Domestic Product.(with normal price)

✓Gross National Product (GNP)

Therefore, Out of the given options, the only one that is included in GDP is "the cost of a dinner at a restaurant".

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2 years ago
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