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Lena [83]
2 years ago
14

Earl was known for driving 30 miles just to save a dollar on the price of case of his favorite carbonated beverage. Earl perceiv

ed price as ________ for a good or service, while most consumers recognize price as the ________ made to acquire a good or service.
Business
1 answer:
Marianna [84]2 years ago
3 0

Answer:

Money Paid

Overall Sacrifice

Explanation:

The two major dimensions of pricing are Monetary and Non- Monetary pricing.

Monetary pricing is the liquid asset like cash that is spent to acquire goods and services while the non monetary are other costs apart from money like time , stress , distance that it costs to acquire an item .

The individual perception of pricing has a way of affecting its choice when it comes to purchasing.

Earl did not consider the cost of stress in travelling 30 miles in order to save a $1 in his purchase decision as his mindset is programmed to the price paid being the real price  while most other customers considers the sacrifice involved before making a purchase decision.

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Stephanie manages the accounting department at an advertising agency. She needs to conduct performance appraisals for the eight
wolverine [178]

Answer:

The correct answer is behaviorally anchored rating scale.

Explanation:

The behavior-based rating scale is a performance appraisal method that combines elements of the traditional rating scale and critical incident methods.  In this, various levels of performance are presented along with a scale that describes them regarding the specific work behavior of an employee.

4 0
2 years ago
Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is ____________ than the quantity supplied of good X,
il63 [147K]

The answer is (b) Greater,Rise ,toward

Explanation:

Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is  <u>Greater </u>than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon <u>Rise</u> .This would push the price <u>Toward</u> the equilibrium price

The law of Demand states that the price and the supply of the product are inversely related (i.e . ceteris Paribus).

Also an increase in the number of buyers  of a particular product leads to a shift in the demand curve towards the right side

4 0
2 years ago
A company manufactured 1,000 units of product during the year and sold 800 units. Costs incurred during the current year are as
Llana [10]

Answer:

$2,400

Explanation:

Total production Cost:

= Direct materials and direct labor + Indirect materials and indirect labor + Insurance on manufacturing equipment

= $7,000 + $2,000 + $3000

= $12,000

Amount should be reported as inventory in the company’s year-end balance sheet:

= (Total production Cost ÷ Units manufactured) × (Units manufactured - Units sold)

= ($12,000 ÷ 1,000) × (1,000 - 800)

= $12 × 200

= $2,400

5 0
2 years ago
On 4/1/Y9, Petal Corp. began offering a new product for sale under a 1-year warranty. Petal had 5,000 units in inventory on 4/1/
IrinaVladis [17]

Answer:

$17,000

Explanation:

Units sold = 3,000 units

Expected warranty = 3,000 * $8 = $24,000

Actual warranty costs = $7,000

Estimated warranty liability = $24,000 - $7,000 = $17,000

Therefore, Petal should report $17,000 as estimated warranty liability at June 30, Year 9.

6 0
2 years ago
A strategy to be a low-cost provider of branded footwear is unlikely to result in the company being one of the best-performers i
Bogdan [553]

Answer:

A strategy to be a low-cost provider of branded footwear is unlikely to result in the company being one of the best-performers in the industry if the company's management team fails to:_______.

5. establish production facilities in all 4 geographic regions, produce and market branded footwear with a 5-star or higher S/Q rating, and achieve global market share leadership in both private-label and branded footwear.

Explanation:

The U.S. market is an important market with global reach and image which a U.S. based company cannot neglect.  So, establishing production facilities in all 4 geographic regions will help the company to achieve higher U.S. market share and enhance its domestic and global image.  

Market branded footwear companies like Nike, Adidas, Jordan, Reebok, etc., are already competing with about 5 others in the global market for footwear.  For a company to belong to their class, it must achieve what they have already achieved, especially 5-star or higher S/Q rating.

The Business Strategy Gaming (BSG) is a rating consumer group that "rates the styling and quality of the footwear of all competitors and assigns a styling-quality or S/Q rating of 0 to 10 stars to each company's branded footwear offerings."  According to medium.com, to improve BSG rating, "it is important for each to aim for at least 20% market share in each and every segment. This is because when the business is evenly represented across the geographical regions, it will do well to the overall image of the company."

5 0
2 years ago
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