A trade secret consists of a novel and confidential formula, device, idea, process, pattern, or compilation of information that gives the owner a competitive advantage in the marketplace.
What is a trade secret?Trade secrets might include things like product designs, manufacturing processes, fresh marketing tactics, and more. Legally speaking, these secrets are regarded as a type of intellectual property, much like patents, trademarks, and copyrights. Knowing what constitutes a trade secret will help to better defend the company.
Trade secrets can take on many different shapes, such as a proprietary technique, tool, pattern, design, formula, recipe, method, or approach that is not obvious to others and is used to provide an organization an edge over rivals or add value to clients.
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Suppose that you purchased a machine several years ago for your company. You recently sold the machine for more than you paid. This is an example of a Question 24 options: capital carry-forward. non-taxable gain. capital gain. windfall. None of these.
Answer:
I believe its Capital carry-forward
Explanation:
The other options don't make sense
The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits it can provide.
Answer:
The lower of cost and NRV method of valuing inventory was developed to avoid reporting inventory at an amount that is greater than the benefits it can provide.
An unfavorable labor rate variance is created when: Select one: a. actual labor hours worked exceed standard hours allowed. b. actual hours worked are less than standard hours allowed. c. actual wages paid are less than amounts that should have been paid. d. actual wages paid exceed amounts that should have been paid for the number of hours worked. e. actual units produced exceed budgeted production levels.
A) Actual labor hours worked exceed standard hours allowed.
What does a negative labor rate variance mean?An unfavorable variance indicates that the cost of labour was higher than expected, whereas a positive variance shows that the cost of labour was lower than anticipated. The budgets for upcoming periods can be developed using this information, and it can also be used to provide feedback to the staff members in charge of the direct labour component of a company. For instance, the variance can be used to assess how well a firm's negotiators performed while determining the hourly rates to be agreed upon with the company union for the upcoming contract period.
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Personal _______ involves deciding what makes you unique and desirable in the job market and preparing a tagline and employer-focused elevator speech.
The answer is Branding.
Branding refers to a marketing strategy that aims to promote and manage a company's, product, or brand's image.
When we add personal to branding it means that it is a practice that consists of an individual promoting their own image and skills through marketing and advertising techniques usually used to promote a brand.
In this approach, the individual aims to become a "recognized brand" himself.
The personal branding process can be undertaken as part of a professional activity or on a more personal basis.
Hence, Personal Branding involves deciding what makes you unique and desirable in the job market and preparing a tagline and employer-focused elevator speech.
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The UCC rule that says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or, if no time is stated, for a reasonable time is referred to as the ______
The UCC rule says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or if no time is stated, for a reasonable time is referred to as the Firm Offer Rule.
A Firm Offer: What Is It?When goods are sold, a firm offer is deemed to have been made when a guarantee to keep the offer open has been signed and the selling merchant meets the requirements for a merchant under the Uniform Commercial Code. Customers frequently ask for a definite offer so they can be certain of their cost over a predetermined period of time. A lot of retailers also request definite offers from their suppliers. Firm offers have a number of benefits, but there is a chance that things could change and the original offer would no longer be appropriate.
For instance, you might not be able to maintain the price you initially proposed due to rising raw material costs or running out of stock.
Only the time period specified in the offer is valid for firm offers. If the offer does not include a deadline, it will be valid for a maximum of three months.
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Question 2(Multiple Choice Worth 5 points)
(01.07 MC)
Suppose you live in a country with a proportional tax system. You make $20,000 a year and pay $5,000 in taxes. Your
friend makes twice as much money as you. What amount can your friend expect to pay in taxes this year?
A. $2,500
B. $5,000
C. $10,000
D.$20,000
Answer: C. $10,000
Explanation:
Proportional tax system means you pay a certain percent of what you earn, in this case it is 25%. Therefore your friend making twice as much as you will be taxed twice as much as you, making the answer C. $10,000.
Question Content AreaDecisions to install new equipment, replace old equipment, and purchase or construct a new building are examples of a.absorption cost analysis b.capital investment analysis c.sales mix analysis d.variable cost analysis
Decisions to install new equipment, replace old equipment, and purchase or construct a new building are examples of capital investment analysis.
What do you mean by capital investment analysis?
Companies and governments can anticipate the return on a long-term investment using the budgeting tool known as capital investment analysis. Long-term investments, including fixed assets like machinery, equipment, or real estate, are evaluated using capital investment analysis.
Capital investment analysis includes project appraisal that contains choices about how a corporation can manage its fixed assets. It entails making choices on the installation of new equipment vs the replacement of outdated equipment, the purchase or construction of a new building, the acceptance or rejection of a project, etc. To be approved and funded, these long-term investments must generate a return that exceeds the cost of raising capital.
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Which of the following is NOT a problem caused by monopolies?
Select one:
Low quality
Fewer new products
Poor customer service
More competition
Answer:
Poor customer service
Explanation:
Poor customer service
A problem that is not caused by monopolies is More competition.Thus the correct answer is D.
What is a monopoly?A monopoly refers to a situation when the market of particular goods and services is captured by a single entity or owner and restricts entry by controlling the activities.
They aim at limiting the amount produced for the market, which leads to charging more. This results in cutting back on economic welfare and consumer surplus.
As they are the single seller in the market which shows that there is no competition in the market, who challenges them. The problem of more competition is not caused by monopoly.
Therefore, Option D is appropriate.
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Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's _______. a. demand and supply attain the state of price equilibrium b. price is set too high in their minds c. demand is inelastic d. manufacturer gains very little profit from the product
Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's (B) price is set too high in their minds.
Consumers assume that a higher price denotes a higher quality, but they also assume that they will have to make a bigger financial investment to buy the product. As a result, perceived value is the result of the trade-off between perceived quality (i.e., gain) and perceived sacrifice (i.e., loss).Lower costs may help you win the sale if the customer feels like they are receiving a good deal. On the other side, cheap prices could imply that the item is of subpar quality.What is consumer perception of price?Price perception is influenced by how well people comprehend and interpret price information.One of the customer evaluations used to compare the level of sacrifice required to receive items and services is price perception (Zeithaml,1988).Learn more about consumer perception of price brainly.com/question/7127830
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Which of the following statements is false? Group of answer choices The optimal level of debt D*, balances the costs and benefits of leverage. As the debt level increases, the firm benefits from the interest tax shield (PV of interest tax shield isTc xD). (Tc= marginal corporate tax rate) If the debt level is too large firm value is reduced due to the loss of tax benefits (when interest exceeds EBIT), financial distress costs, and the agency costs of leverage. As the debt level increases, the firm faces worse incentives for management, which increase wasteful investment and perks
The correct answer should be: As the debt level increases, the firm faces worse incentives for management, which increase wasteful investment and perks, it is not always true. since increased debt provides interest obligations and place limit on managers.
Because all other statements are true. As optimal level of debt optimizes costs and benefits.
If debt becomes too large, firm value is reduced due to the mentioned reasons.
And if debt level increases, the firm benefit is T*D.
What is the Optimal Capital Structure?
An optimal capital structure is the best mix of debt and equity financing that maximizes a company's market value while minimizing its cost of capital.
Thus , we can say that all other statements are true, and the false statement is As the debt level increases, the firm faces worse incentives for management, which increase wasteful investment and perks.
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Net sales revenue is $720,000. Beginning and ending net accounts receivable are $62,000 and $58,000, respectively. Calculate the receivables turnover ratio.
Based on the sales revenue and the net accounts receivable, the receivables turnover ratio is 12 times .
What is the receivables turnover ratio?This can be found as:
= Net sales revenue / Average accounts receivable
Solving give:
= 720,000 / (62,000 + 58,000) / 2
= 720,000 / 60,000
= 12 times
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Answer:12 times
Explanation:
If a sales rep earns $12 per hour plus $15 per unit sold, how much will he have earned after 20 hours and 15 units sold?.
The total amount earned by the sales rep is $465.
What is the total amount earned?The total amount earned is a function of the total hours worked and the total units sold.
Total amount earned = (pay per hour x number of hours worked) + (pay per item sold x total items sold)
($12 x 20) + ($15 x 15)
$240 + $225 = $465
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The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more. B) is perfectly elastic.
The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more.
The demand curve of a firm that is perfectly competitive is horizontal at the market price. As a result, every unit sold will result in it receiving the same price. The difference in total revenue from selling one more unit at the constant market price is the marginal revenue that the company receives.A monopolistically competitive firm's perceived demand curve slopes downward, indicating that it sets prices and selects a mix of quantity and price.
Why is the demand curve in monopolistic competition more elastic than a monopoly?
Firm's demand curve under monopolistic competition is more elastic than under monopoly because of availability of close substitutes under monopolistic competition.
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Miss Jones purchased a 7% J&J 15 municipal bond on Tuesday, March 18th in a regular way trade. How much accrued interest will she pay?
Miss Jones purchased a 7% J&J 15 municipal bond on Tuesday, March 18th in a regular way trade. The accrued interest she will pay is $12.64.
This is further explained below.
What is accrued interest?Generally, It is the interest that has accrued on a loan or other financial commitment but has not yet been paid.
In conclusion, On Tuesday, March 18, Miss Jones bought a J&J 15 municipal bond with a 7% interest rate in normal trade. She will be required to pay $12.64 in interest.
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_____ provides new employees with information about company policies, salary and benefits, and parking. It also includes work rules and performance expectations. Group of answer choices Job guidance An employment lecture Employee instruction Orientation Simulation
The answer is employee orientation.
Employee orientation is the process of acquainting newly hired staff with their new environment. It offers employees with the fundamental organizational knowledge they need to feel prepared for their new team, department, and job within the firm. Employee orientation that is effective informs workers of corporate standards and expectations, handles any paperwork, and addresses any questions or concerns they may have before starting their new jobs.
Both new workers and their new bosses and colleagues benefit from a smooth transition into a new job. A new employee can begin being productive soon if expectations and obligations are properly communicated to them. A thorough and engaging orientation, as part of an efficient onboarding process, may also assist decrease new employee attrition owing to misinterpreted or unmet expectations. A clear employee orientation policy will also guarantee that all new team members receive the same training and information.
Therefore, the correct option is employee orientation.
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Please help!! This is for economics
Which type of market is the one in which a fast-food company buys the eggs to make a person's favorite breakfast sandwich?
Product market
Factor market
Financial market
Closed market
The market in which the business buys eggs to make the final product that is a sandwich is called as factor market. Thus, Option B is the correct choice.
What is a Factor market?A factor market is a marketplace wherein elements of manufacturing are bought and sold. Factor markets allocate elements of manufacturing, along with land, labor, and capital, and distribute profits to the proprietors of efficient resources, inclusive of wages, and many more.
Therefore, The market in which the business buys eggs to make the final product that is a sandwich is called factor market. Thus, Option B is the correct choice.
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Farmer Jones is producing wheat and must accept the market price of $6.00 per bushel. At this time, her average total costs and her marginal costs both equal $5.00 per bushel. Her minimum average variable costs are $3.50 per bushel. In order to maximize profits or minimize losses in the short run, farmer Jones should Multiple Choice
Jones should: d. Continue producing, but reduce output.
reduce output but should continue production.
Total costs and marginal costsThe market price per bushel is higher than average variable cost which means that Jones should continue the production.
Since market price and the and marginal costs per bushels is not the same or equal she should reduce her output because profit maximization requires that marginal revenue and marginal cost to be equal.
Therefore the correct option is D.
The complete question is:
Farmer Jones is producing wheat and must accept the market price of $6.00 per bushel. At this time, her average total costs and her marginal costs both equal $8.00 per bushel. Her average variable costs are $5 per bushel. In order to maximize profits or minimize losses in the short run, farmer Jones should Multiple Choice.
a. increase output
b. increase selling price.
c. produce zero output and close down
d. continue producing, but reduce output.
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Unlike a sole proprietorship or a partnership, a limited liability company cannot be held liable for a loss caused by the wrongful acts of its members. Group of answer choices False True
True, the liability of participants is restricted to the quantity of their investment. LLC may be held liable for accidents or losses resulting from wrongful acts, participants are not in my opinion accountable.
Restricted companions, LLC individuals can absolutely participate in ordinary commercial enterprise operations at the same time as still taking part in limited legal responsibility. Many organizations are dependent on LLCs. for instance, Anheuser-Busch, Blockbuster, and Westinghouse are all prepared as restrained legal responsibility businesses.
The primary difference between an LLC and an employer is that an LLC is owned by one or extra individuals, and an enterprise is owned by means of its shareholders. No matter which entity you pick out, each entity provides large benefits for your commercial enterprise.
The cause of an LLC, or a confined legal responsibility organization, is to guard the business proprietor from non-public legal responsibility for the enterprise's debts. Maximum states allow citizens, people who stay outside the nation or united states of America, different LLCs, groups, pension plans, and trusts to serve as LLC owners.
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An earthquake destroys a good portion of the capital stock but does not affect the production function. Capital per worker will _______ in the short run and _______ in the long run. A. decrease, decrease B. decrease, stay the same C. stay the same, decrease D. stay the same, stay the same
The correct option is, (B) decrease, stay the same.
An earthquake destroys a good portion of the capital stock but does not affect the production function. Capital per worker will decrease in the short run and stay the same in the long run.What is earthquake explain?When two chunks of the ground abruptly slide past one another, an earthquake results. The fault or fault plane is the area where they slide.What is earthquake and causes?Sudden movement along Earth's fault lines causes earthquakes.The motion releases "elastic strain" energy that has been accumulated in the form of seismic waves, which travel through the Earth and cause the earth to tremble.What is earthquake and its types?Tectonic, volcanic, collapse, and explosion earthquakes are among the four types of earthquakes. A tectonic earthquake is one that happens when the earth's crust ruptures as a result of geological forces acting on nearby plates and rocks, which change their physical and chemical composition.Learn more about earthquake here:
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23. In the emergency planning process outlined in CPG 101, generating, comparing, and selecting possible courses of action to achieve desired outcomes is part of:
In the emergency planning process outlined in CPG 101, generating, comparing, and selecting possible courses of action to achieve desired outcomes is part of Develop the Plan.
What is the CPG 101?Federal Emergency Management Agency (FEMA) guidance on the principles of planning and creating emergency operations plans can be found in Comprehensive Preparedness Guide (CPG) 101. (EOP). EOPs are linked to planning initiatives in the fields of prevention, protection, response, recovery, and mitigation, as demonstrated by CPG 101.What does an emergency operations plan include?What the institution or organization will do in the event of a disaster is specified in the emergency operations plan (EOP) (incident command implementation, command center location and activities, specific plans by department, etc.).What is emergency action plan?Faculty, staff, and students are informed about emergency protocols and policies through the EAP. Employees, their designated representatives, and any OSHA officials who desire to see it have access to this documented plan upon request.Learn more about CPG 101 here:
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A machine costing $30,000 and on which $25,000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a
On July 1, 2014, Dillman Kennels sells equipment for $66,000. The equipment originally cost $180,000 and had an estimated 5-year life and an expected salvage value of $30,000. The Accumulated Depreciation account had a balance of $105,000 on January 1, 2014, using the straight-line method. The gain or loss on disposal.
Accumulated depreciation is not recorded separately on the balance sheet. Instead, it's recorded in a contra asset account as a credit, reducing the value of fixed assets.
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Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, the percentage decrease in quantity demanded will be
Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, the percentage decrease in quantity demanded will be 25%.
What is the elasticity of demand?The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however certain goods experience this decrease more than others. When a price increases by 1% while all other factors remain constant, the price elasticity provides the percentage change in the quantity required. If the elasticity is 2, a 1% increase in price results in a 2% decrease in the amount demanded. Other elasticities gauge how changes in other factors affect the quantity needed For example - the income elasticity of demand for consumer income changes.Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, the percentage decrease in quantity demanded will also be 25%.
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Keynes disagreed with the classical perspective and argued that changing _______ would cause a decline in investment when consumer sales decrease.
Keynes disagreed with the classical perspective and argued that changing expectations would cause a decline in investment when consumer sales decrease.
What is the expectation?An expectation is emotional anticipation or conviction about a future event that might occur. We anticipate this potential type of fake reality coming to pass in our life.Expectations might come from other people, things, or anything else that is a factor external to our true selves.What are investments?Investment is the commitment of a resource to a long-term increase in value. Investment necessitates the loss of a current resource, such as time, money, or effort. In the world of finance, investing is done in order to profit from the asset being put to use.Therefore, Keynes disagreed with the classical perspective and argued that changing expectations would cause a decline in investment when consumer sales decrease.
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Which of the following groups of accounts have a normal debit balance? a.Liabilities and capital b.Capital and assets c.Assets and expenses d.Revenues, liabilities, and capital
Assets and expenses generally have the normal debit balance.
A debit balance is an account balance with a positive amount on the account's left side. Assets, costs, and losses are examples of accounts that often contain a debit balance.
Natural debit balances exist for assets and expenses. This implies that positive asset and cost values are debited and negative balances are credited. For example, if $2,000 cash is received, a journal entry will include a $2,000 debit to the cash account on the balance sheet, because cash is growing.
Therefore, the answer is c. Asset and expenses.
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A young couple has a minimal down payment. They anticipate periodic salary increases in the future. Which type of loan would be most appropriate for them to use when buying a home
The type of loan would be most appropriate for them to use when buying a home is a mortgage loan.
How to depict the information?From the information given, the young couple has a minimal down payment and they anticipate periodic salary increases in the future.
Therefore, the type of loan would be most appropriate for them to use when buying a home is a mortgage loan.
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At a university faculty meeting, a proposal was made to increase the housing benefits for new faculty to keep pace with the high cost of housing. True or False: In the long run, this increase in housing benefits will make faculty positions more attractive than other jobs. (Hint: Consider how the indifference principle applies to this occupation in the long run.) True False
FALSE
The indifference principle states that, in the long run, if an asset is mobile, then it will be indifferent about where it is used. That is, the asset will earn the same profit no matter where it goes.
How does the indifference principle apply to this occupation in the long run?The indifference principles suggest that wages will adapt to return the labor market to equilibrium. In this instance, a rise in some non-salary advantages (such as housing benefits or health care benefits) elevates the teaching post above other professions in terms of attractiveness. On the other hand, as more people aspire to work as professors, the labor supply in this industry will grow in the long run, lowering wages. As people in those businesses (or people who would have entered them) seek employment as faculty members, the supply of labor in other industries will also decline at the same time. As a result, wages in other sectors increase.
New faculty members' salaries will keep declining until they are competitive with other occupations. The labor supply for professor posts will eventually run out because there is no longer any incentive for people to pursue careers as college teachers. Because the labor supply is no longer growing, wages are no longer falling. Despite the rise in perks, wages have moved lower at this new equilibrium, making faculty jobs just as desirable as other jobs.
At the same time, the labor pool in those other industries will shrink as workers in other enterprises (or people who would have entered them) look for jobs as professors. As a result, wages in other industries rise.
The pay of new faculty members will continue to decrease until they are comparable to those of other professions. Since there is no longer any motivation for people to pursue careers as college teachers, the labor supply for professor positions will soon run out. Wages are no longer declining since the labor supply is no longer increasing. Faculty employment are just as desirable as other jobs due to the decline in pay in this new equilibrium, despite the growth in benefits.
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On November 2, 2020, Bramble Company has cash sales of $6120 from merchandise having a cost of $3540. The entries to record the day's cash sales using a perpetual inventory system will include:
Cash will be debited and sales will be credited by $6,120 and cost of good sold with be debited and inventory will be credited by $3,540.
A journal entry is the act of maintaining or producing records of any economic or the non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry may have many records, each of which is either a debit or a credit.
The journal entry to record days cash sales would be as given below:
Cash (Dr) $6,120
To sales $6120
(Being cash sales of $6,120)
Cost of good sold (Dr) $3,540
To inventory $3,540.
(Being cost of cost of good sold)
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As a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of:.
As a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.
What is utility?It should be noted that utility simply means the satisfaction that's derived from using a good or service.
In this case, as a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.
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The next dividend (Div1) is $1.80, the growth rate (g) is 6%, and the required rate of return (r) is 12%. What is the stock price, according to the constant growth dividend model
The stock price is $30.
What is the stock price?The constant growth dividend model postulates that the price of a stock is a function of the next year's dividend, rate of return and growth rate.
The constant growth dividend model = dividend next year / (required return - growth rate)
$1.80 / (12% - 6%)
$1.80 / 6% = $30
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During the off season, the Rues Hotel offers a 25% discount on its rooms to attract guests. The Rues Hotel is demonstrating the _______. a. power of yield management systems b. relationship between price and quality c. use of price as a promotional tool d. advantage of markup pricing
During the off season, the Rues Hotel offers a 25% discount on its rooms to attract guests. The Rues Hotel is demonstrating the c. use of price as a promotional tool .
A sales tactic known as promotional pricing involves brands temporarily lowering the price of a good or service in order to draw potential clients and buyers. A brand can artificially raise the value of a good or service by temporarily decreasing the price and fostering a sense of scarcity.Buy one, get one free, seasonal sales promotions, discounts, and flash sales are some of the most popular promotional pricing models. You may also want to take into account multi-buys, loyalty programs, conditional offers, free delivery, or gifts depending on your individual price targets and business strategy.What is the purpose of promotional pricing?Promotional pricing is a technique for increasing consumer interest in particular goods or services that people or companies offer to the general public. This is accomplished by using a promotional price tag, which entitles a customer to full access to a good or service for less money than it would normally cost.
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