Vertical price fixing occurs when members of the marketing channel work together to influence the costs passed on to customers.
<h3>What are vertical and horizontal price fixing?</h3>
Vertical price fixing refers to price fixing along the supply chain, while horizontal price fixing refers to price fixing between competitors in the marketplace.
<h3>Predatory pricing: What is it?</h3>
In a predatory pricing system, prices are artificially depressed in an effort to eliminate rivals and establish a monopoly. Short-term price reductions may be advantageous to consumers, but if the plan is successful in reducing competition, prices will rise and the number of options will decrease.
<h3>Vertical pricing control: what is it?</h3>
Agreements by manufacturers to set a minimum or maximum resale price are examples of vertical price-fixing arrangements.
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Answer:
A. need payoff
Explanation:
Based on the information provided within the question it seems that the salesperson's SPIN technique is an example of a need payoff. This term refers to asking an individual/customer about the value or importance that something can provide them. Which is exactly what the salesperson is stating by asking "how much money (value) can this save you?"
Answer:
1. 4,200
2. $12,810
3. -$3,090 Unfavorable
4. a. $265 Favorable
b. -$3,355 Unfavorable
Explanation:
The computation of given question is shown below:-
1. Standard labor-hours
Standard labor-hours = Shipped items × Direct labor-hours
= 140,000 × 0.03
= 4,200
2. Standard variable overhead cost allowed
Standard variable overhead cost allowed = Standard variable Overhead rate per hour × Standard labor-hours
= $3.05 × 4,200
= $12,810
3. Variable overhead spending variance
Variable overhead spending variance = Standard variable overhead for actual output - Actual variable Overhead
= $12,810 - $15,900
= -$3,090 Unfavorable
4. a. Variable overhead rate variance
Variable overhead rate variance = (Actual hours × Standard rate per hour) - Actual variable Overhead
= (5,300 × $3.05) - $15,900
= $16,165 - $15,900
= $265 Favorable
b. Variable overhead efficiency variance
Variable overhead efficiency variance = Standard rate per hour × (Standard hours - Actual hours)
= $3.05 × ( 4,200 - 5,300)
= $3.05 × -$1,100
= -$3,355 Unfavorable
Answer:
See explanation section
Explanation:
We have to adjust the rent through the journal so that we can understand the rent expenses used during the year.
a) <em>On February 1, 2018, paid $18,000 cash to rent office space for the coming year.</em>
Debit - Prepaid Rent $18,000
Credit - Cash $18,000
Paid rent for 1 year starting from February 2018 to January 31, 2019.
Since rent had been paid on February, 2018 to January 31, 2019, this year's adjustment was for 11 months. Each month's rent was = $18,000 ×
Each month's rent = $1,500
Therefore, 11 months rent = $18,000 × = $16,500
It means the company used 11 months rent during the year, and the expense was = $16,500
Answer:
The difference between command economy's and market economy's is that a command economy the government controls what is produced and how it will be shared. and in a market economy people have more freedom and can make their own decisions.
Explanation: