Name two things other than the 5 c’s that can affect pricing?
<span>One-in-four southerners were directly involved with slavery, whether by being slaveholders themselves or by being in the market for the goods produced by the slaves on the plantations. This made it economically in the south's interest to want to hold on to slaves and their labor.</span>
Answer:
True
Explanation:
That is true for any product but luxury products.
Answer:
And we can use the following z score formula:
And replacing we got:
And we want thi probability:
Explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution
to the problem
Let X the random variable that represent the expenditures of a population, and for this case we know the distribution for X is given by:
Where and
We are interested on this probability
And we can use the following z score formula:
And replacing we got:
And we want thi probability:
Answer:
<em>Gross Profit= Sales - Cost of Goods Sold</em>
Cost of Goods sold of 1 unit = $ 450,000/50,000
= $ 9
Cost of Goods Sold of 45,000 units = 45,000 * $ 9
= $ 405,000
<em>Gross Profit of 45,000 units = Sales revenue of 45,000 units - Cost of Goods sold of 45,000 units</em>
= 45,000 * $ 15 (Per Unit rate) - $ 405,000
= $ 675,000 - $ 405,000
= <em>$ 270,000 i.e. option b</em>
Explanation:
Refer to the answer.