Answer:
competition based pricing
Explanation:
When a company engages in a competition based pricing strategy, they will set the price of their products or services taking based on the price of their main or direct competitor. The product or service provided by the competitor is used to benchmark both the price and quality of the goods and services offered by the company.
For example, Coca Cola products are used as a price reference for all the soda products sold by other companies.
Answer:
Explanation:
The journal entry is shown below:
Equipment A/c Dr $78,800
To Gain on exchange A/c $5,900
To Land A/c $64,000
To Cash A/c $8,900
(Being the exchange is recorded and the remaining balance is credited to the gain on exchange account)
The equipment value is computed below:
= Fair value + exchange value
= $69,900 + $8,900
= $78,800
The Competition Act of 1998 has reduced the formation of monopolies in South Africa by achieving the following objectives.
<h3>What is the role of the South African Competition Act?</h3>
The South African Competition Act aims to:
- Promote and maintain competition in South Africa.
- Promote the efficiency, adaptability, and development of the economy.
- Provide consumers with competitive prices, higher quality goods and services, product and service varieties, and increased innovation.
Thus, the Competition Act of 1998 has reduced the formation of monopolies in South Africa by achieving the following objectives.
Learn more about monopolies at brainly.com/question/13113415
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The answer is 63922.75 dollars... i think :)
