Answer:
Insurable interest
Explanation:
The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable, and protected against any harmful acts done intentionally
Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest
Hence, the first option is correct
Supply and demand. Its not in a state of equilibrium. The price should go down, therefore more consumers will buy. But since there’s so many different shirts and prices, they aren’t willing to pay
Answer:
See explanation section.
Explanation:
Income summary Debit = $49,800
Expenses Credit = $49,800
To record the closing entry for expenses. We have to close expenses because it is a temporary account. So when we close any debit entries such as expense accounts, we have to credit those expense accounts so that the accounts have zero(0) balance.
Answer:
The firm will not sell any bundle, the amount of bundle to be sold will be zero.
Explanation
Solution
Since firm sells at $25 each for coats and pants, then If consumer wants to purchase both Pant and Coat, the customer will have to pay 25 + 25 = $50.
Also, If consumer purchase Pant and Coat as a Bundle then, he will pay 150. From the question stated we can conclude that their is a form of interest to pay for Pant and Coat for Both consumers are higher than 25.
However, they will have to pay an amount less for 1 coat and 1 pant if they buy this in a separate way instead of a Bundle.
We can say, that type of consumers (both) will not buy the pants and coat as a bundle, but will want to buy them separately.
Therefore, any bundle will not be sold by firm. the amount of Bundle sold will be known as a zero Bundle
Answer:
Coordinators point towards fruitful execution of occasions and capacities. Theie objective is to amplify consumer loyalty while limiting mistakes and wastages.
The best answer for them would have a mistake free or a risk free execution of venture. Or if nothing else have the option to alleviate dangers and plausible dangers to the execution of the occasion.
The arrangement would fit the Business Product-Service Classification based on substantial quality as far as improved benefit and increment in deals.