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Sindrei [870]
3 years ago
5

Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others a

re called
Business
1 answer:
Tomtit [17]3 years ago
7 0

Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.

Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.

Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.

Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

Learn more about prestige products here: brainly.com/question/6374886

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Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the e
lawyer [7]

Answer:

Return on company's stock = 15.6%

Explanation:

<u><em>The capital asset pricing model (CAPM)</em></u><em> relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c</em>

Using the CAPM , the expected return on a asset is given as follows:

E(r)= Rf +β(Rm-Rf)

E(r) =? , Rf- 6%, Rm- 14%, β- 1.2

E(r)  = 6% + 1.2× (14- 6)%

        = 6%  + 9.6%

         = 15.6%

Return on company's stock = 15.6%

7 0
3 years ago
Suring its first month of operations, Mathis Spa purchased supplies for $4,500 and debited the supplies account for that amount.
zavuch27 [327]

Answer:

The journal entry which is to be made for the June is shown below:

Explanation:

The journal entry which is to be made for the June is as:

Supplies expense A/c..................................Dr  $3,500

             Supplies A/c..........................................Cr  $3,500

Being record the supplies which were used by the business during operations

The supplies expense is debited against the supplies accounts which were used by the business during June.

Working Note:

Amount = Purchased amount supplies - Inventory of supplies on hand

where

Purchased amount supplies is $4,500

Inventory of supplies on hand is $1,000

So,

Amount = $4,500 - $1,000

= $3,500

6 0
4 years ago
Progressive women reformers worked to: (a) reduce wages (b) limit the worday (c) overturn the nineteenth amendment (d) establish
Nikitich [7]

whole quiz

1. Limit the workday.

2. Ida B, Wells.

3. prohibition.

Your welcome :)


3 0
3 years ago
Read 2 more answers
Which of the following is not a classification of peripheral device?
PSYCHO15rus [73]
D. webcam is going to be your answer. 

Hope this helps :)
7 0
3 years ago
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Which of the following is a difference between the marketing concept and the selling concept?
Vinvika [58]

Answer: d. The marketing concept focuses on customer needs, whereas the selling concept focuses on existing products.

Explanation:

A difference between the marketing concept and the selling concept is that the marketing concept focuses on customer needs, whereas the selling concept focuses on existing products.

A selling concept believes there must be adequate promotion and large scale selling for consumers to purchase a firm's products while according to Marketing concept,the need of the consumers has to be known and identified by the firms.

3 0
3 years ago
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