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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Holding all other factors constant and using the midpoint method, if a candy manufacturer increases production by 20 percent when the market price of candy increases from $0.50 to $0.60, then supply is
The supply is elastic in nature.
Price elasticity expresses the percentage change in quantity required caused by a one percent increase in price while maintaining all other variables constant. If the elasticity is 2, a 1% increase in price results in a 2% decrease in amount demanded.
Price elasticity is computed with the help of formula given below:
Price elasticity of supply = % increase in quantity supplied / % increase in price
Price elasticity of supply = 20%/((.6-.5)/(.6+.5)/2)
Price elasticity of supply = 4.4
It is elastic in nature, because value of elasticity of supply is more than 1.
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What is the present value of an annual payment of $80,000 that is received in perpetuity if the discount rate is 9%
$888,888.88 is the present value of an annual payment that is received in perpetuity after the discount rate of 9%
Procedure:
PV of Perpetuity = ICF / r
Here, the identical cash flows are regarded as the ICF.
The interest rate or the discounting rate is expressed as r.
PV = ICF / r
PV = 80,000 / 9%
PV = $888,888.88
Hence, the present value in perpetuity is $888,888.88.
About Present Value of Perpetuity:
Perpetuity is the revenue stream that a person receives for an indefinite amount of time, and its present value is determined by discounting identical future cash-flows using a certain discounting rate. Although the cash flows in this case are endless, their present value is only of limited worth.
A revenue stream that has an unlimited life is called perpetuality, and it rises at a proportionate pace. The cash flows ought to be the same. The dividend growth model is basically where the formula comes from. The terminal value of the identical cash-flows is calculated using the formula.
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_____ change occurs occasionally, with periods of relative stability, and managers can respond with technical, product, or structural innovations as needed.
Episodic change change occurs occasionally, with periods of relative stability, and managers can respond with technical, product, or structural innovations as needed.
Episodic changeOrganizational changes that tend to be uncommon, discontinuous, and planned are referred to as "episodic change" in this context. The assumption is that episodic change happens when organizations diverge from their equilibrium circumstances, or during times of divergence.
What kind of change occurs episodically?A abrupt change, like a market crash, is known as an episodic change.
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Acme enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this merchandise for $5,000 on account. Two weeks later, acme paid its suppliers $1,000 and bought another $4,000 of merchandise on account. Acme now has an accounts payable balance of ______.
Answer:
$8500
Explanation:
Beg AP bal = 3000
Sold 1/2 of merch on acct = add 2500
Paid suppliers = subtract 1000
Bought more merch on acct = add 4000
3000 + 2500 - 1000 + 4000 = 8500
Ending AP bal = 8500
Charlie manages a Holiday Inn. He knows from experience that last-minute customers will call after 9 p.m. each evening looking for a room and asking the price. Charlie has empowered his staff to offer discounts when the hotel is largely vacant, and to quote the standard price when the hotel is close to full. Charlie knows his service is ________, meaning that if no one stays in the room, it generates no revenue that evening.
Charlie knows his service is perishable, meaning that if no one stays in the room, it generates no revenue that evening.
Perishable services are what?While not imperishable, services can be thought of as perishable. A perishable service is simply one that is transient. Such a service is best used right away when it is created. The service, unlike products, cannot be saved for later use.
Transportation by planes, auto maintenance, entertainment at theatres, and manicures are examples of perishable services. If a person buys a plane ticket for a certain day, but then gets sick and can't fly, the ticket expires. It is challenging to maintain a balance between supply and demand when a service is perishable.
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Whose duty is it to ensure that policies are created to guide employees of an alcohol establishment in the service of alcoholic beverages?.
It is the duty of the ABC license to ensure that policies are created to guide employees of an alcohol establishment in the service of alcoholic beverages.
What is the mission of the ABC?The full form of ABC is Alcoholic Beverage Control which is an agency to regulate the alcohol Beverages. The main aim of the agency is to provide license for public safety.
The duty of the ABC license is to guide the employees by making policies and rules regarding the regulation of Alcoholic Beverage.
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What negative external costs may exist when air pollution and water pollution are introduced into the environment
Negative external costs like Economic loss and decline of production may exist when air pollution and water pollution are introduced into the environment.
Externalities of Air and Water PollutionThey cover a wide range of externalities, such as crop and human production losses, infrastructure, superstructure, and property damage. Acid rains (and depositions), smog, and ozone pollution alter the period of time needed for infrastructure investments to pay for themselves through maintenance and replacement.Nearly all air contaminants have some physiological effects on people, primarily but not exclusively on the respiratory and cardiovascular systems.Some effects, like those of carbon monoxide, are obvious and immediate, but those of lead and HC/VOCs are far more pernicious and subtle.If possible, it is hardest to evaluate environmental costs in a thorough manner. It might be a reference to biological diversity and sustainability, two factors that pollution is very capable of influencing.To learn more about Externalities due to pollution refer to:
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The iPad disrupted consumer equilibrium because consumers concluded en masse that iPads had a marginal-utility-to-price ratio (MU/P) that was ______ the ratios for other products.
The iPad disrupted consumer equilibrium because consumers concluded en masse that iPads had a marginal-utility-to-price ratio (MU/P) that was higher than the ratios for other products.
Consumer equilibrium refers to the situation in which a consumer has no intention of changing it and depends on a given price and his given income for maximum satisfaction.
Explains the concept of consumer balance using appropriate charts and graphs. Consumers are said to be balanced when they feel that they cannot change their condition by earning more, spending more, or changing the amount of what they buy.
When purchasing a unit of a product, the consumer compares the price of a particular product to its utility. If the marginal utility (in terms of money) is equal to the price paid for the goods, for example, an "X", that is, MUx = PX, the consumer is in equilibrium.
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Calculate the price of a two-year bond with a face value of $100, a coupon rate of 5%, and a yield-to-maturity of 5%.
The price of the bond is $100.
The bond's price is the present value of the face value plus the present value of the interest accrued throughout the bond's term.
The coupon interest rate is 5% of 100, that is $5 per year. The yield to maturity is also 5%. Because the coupon rate is equal to the yield, the bond's present value will only be its face value.
Present value = 5(P/A, 5%, 2) + 100(P/F, 5%, 2)
= 5×1.85941+ 100×0.90703
= 100
Therefore, the price of the bond is $100.
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Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be
Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived.
What is data?It should be noted that data simply means the facts and statistics that are used to analysis.
In this case, data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived
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The double-declining-balance and straight-line depreciation methods: multiple choice are the only acceptable methods of depreciation for financial reporting. produce the same amount of annual depreciation expense. result in the same book value at the end of each year. produce the same amount of total depreciation over an asset's useful life.
The double-declining-balance and straight-line depreciation methods Produce the same total depreciation over an asset's useful life.
Two of the four depreciation methods permitted by US generally accepted accounting standards are the straight-line and double-declining-balance depreciation procedures (GAAP). The sum of the years' digit and units of production are the other two techniques. By deducting the salvage value from the asset's purchase price and either dividing the depreciable amount by the number of years or applying a preset rate to the depreciable amount, the straight-line method is derived. The depreciation rate is calculated using the double-declining-balance technique by dividing 100 percent by the asset's useful life in years, then multiplying the result by two. The diminishing amount is then used to calculate depreciation expenditure until only the salvage value is left. They therefore result in the same depreciation over the course of the asset's useful life.Is double declining balance a method of straight-line depreciation?The straight-line depreciation technique, another and arguably even more frequent type of depreciation, depreciates an asset's value at a rate that is half that of the DDB depreciation method.What is double declining balance depreciation method?A type of accelerated depreciation method called the double-declining balance method doubles the rate at which an asset's value depreciates compared to the straight-line approach.Accelerated depreciation refers to the process of depreciation that occurs twice as quickly as the straight-line method.Learn more about double-declining-balance here:
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The entry to record the write-off of a specific customer's account requires a ______. (Select all that apply.) Multiple select question. debit to Bad Debt Expense credit to Accounts Receivable credit to Allowance for Doubtful Accounts credit to Bad Debt Expense debit to Allowance for Doubtful Accounts
The entry to record the write-off of a specific customer's account requires a:
Debit to Allowance for Doubtful Accounts
Credit to Account Receivable
What is bad debt?These are debts owned to a business, which are irrecoverable. The debts here cannot be recovered hence are considered bad and are written off.
Bad debt are also referred to as Contra-assets because it reduces the value of company's asset.
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_______________________ : overhaul of communications law that opened door to far more competition by permitting companies to own outlets in multiple media markets and remove or reduce limits on how many outlets one company can own
Answer: The major congressional
Explanation:
Market values: Group of answer choices reflect expected selling prices given the current economic situation. are affected by the accounting methods selected. are equal to the initial cost minus the depreciation to date. either remain constant or increase over time. are equal to the greater of the initial cost or the current expected sales value.
Market values: reflect expected selling prices given the current economic situation.
What is market value?
Market value is the price buyers are willing to pay for an asset in the marketplace. In the case of publicly-traded assets or entities, it is also known as market capitalization and is calculated by multiplying the current price by the number of outstanding units.
There are a few components that go into calculating the market value of some assets such as businesses and with real estate, it involves a lot more than knowing about share prices. The business market value determination can also take components such as the value of intangibles and the future value of related assets into consideration.
Market value is more than a price but denotes the true underlying and not only the perceived value.
Thus , the correct answer is that Market values is reflect expected selling prices given the current economic situation.
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Ambrose is a scientist working for a pharmaceutical company. His company was acquired by a rival pharmaceutical company, and now it is involved in downsizing and downscoping. Ambrose is concerned about his job security, since he is actively involved in amateur sports in his community and does not wish to disrupt his current lifestyle. Ambrose's job will MOST likely be secure if:
Ambrose's job will most likely be secure if Ambrose is a key employee in the firm's primary business.
Downsizing or down-scoping refers to lowering the level or shifting it to a lower level from the current level, and in this case it refers to lowering the pharmaceutical company's market level.
In this case, the company is acquired by a competitor, and as a result, the management is altered. Although the personnel are not changed in these circumstances because the management is changed, the operation of the company and its goal to conduct core business remain unchanged.
As a result, if Ambrose is a vital employee who understands how the organization works, he will not be fired and will keep his position. The organization cannot lose important people even if it downsizes or down-scopes.
What is Downsizing?Downsizing is the process of permanently reducing a company's labor force by dismissing ineffective employees or divisions.While it is typically utilized in times of stress and revenue reduction, downsizing can also be used to produce leaner and more efficient businesses.Downsizing isn't always a good thing, and it can have a negative long-term influence on a company's financial line.learn more about Downsizing at:
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A monopolist has market power because it Group of answer choices none of the Answers are Correct. Faces a downward-sloping demand curve for its own output. Is a price taker. Is regulated by the government. Can raise price as much as it wishes and not lose any customers.
A monopolist has market power because it faces a downward-sloping demand curve for its own output.
A monopolist has market power because he is a price maker and not a price taker.
A monopolist undergoes a downward-sloping demand curve for its own output. When a firm, primarily in a monopoly, increases its market price by decreasing its output, it exerts its price-making abilities. As a price maker, a monopoly will always face a downward-sloping demand curve. A downward-sloping demand curve indicates that a greater quantity of a commodity would be demanded when the price is lower. A monopolist has more leeway in determining the output and prices.Since, a monopolist has market power, they determine the price of the commodity, facing a downward-sloping demand curve at all times.Therefore, a monopolist has market power because it faces a downward-sloping demand curve for its own output.
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A firm has an independent, permanent work group that develops and revises codes of ethics, suggests ways the organization can contribute toward the environment, and regularly reviews other specific issues and concerns within the organization. This is an example of a
A firm has an independent, permanent work group that develops and revises codes of ethics, suggests ways the organization can contribute to the environment, and regularly reviews other specific issues and concerns within the organization. This is an example of a committee.
A committee within a firm is an independent, permanent work group that develops and revises codes of ethics, and suggests ways the organization can contribute to the environment.
A committee assumes important functions regarding the enforcement and maintenance of firm protocols and order. The many functions afforded to the committee attest to its overriding capacities and authority. Committees in a firm also work as grievance redressal mechanisms. A committee would regularly review specific issues and concerns within the organization. A system of checks and balances is maintained through the supervisory powers of a committee within a firm. Since, a committee is an independent, permanent work group it is legitimate, accountable, responsible, and transparent about its operations.Therefore, a firm has an independent, permanent work group that develops and revises codes of ethics. This is an example of a committee.
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For a name to be trademarked, __________. Multiple Choice it must be listed without restrictions and the trademark owner must notify the Patent and Trademark Office (PTO) every year that the trademark is still in use it must be listed on the principal register for one year and on the secondary register for five years it must be listed on the Principal Register for five years without being challenged it must be listed on the Supplemental Register for five years and have acquired a secondary meaning the owner must renew the trademark registration every ten years
For a name to be trademarked, it must be listed on the Supplemental Register for five years and have acquired a secondary meaning.
What is Trademarks ?
A trademark is a source identifier for goods and services. A trademark is a word, phrase, symbol, or design or a combination thereof, that identifies and distinguishes the source of the goods of one party from those of others.
Trademarks, unlike patents, can be renewed forever as long as they are being used in business. If a trademark goes unused, it can eventually be lost and re-enter the public domain for other parties to use.
What is Supplemental Register ?A secondary list maintained by the USPTO where companies and individuals can register their marks that are not eligible for the principal register. Generic terms still can't be registered, but other marks that might be refused (like surnames or descriptive marks, and geographical indicators that haven't achieved that status) can go here.
Thus, we can conclude that the correct option is :For a name to be trademarked, it must be listed on the Supplemental Register for five years and have acquired a secondary meaning.
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Antonio tries to limit his risk of overexposure to debt by using a ________________ to store a certain amount of value that he then uses to make purchases.
The item that Antonio uses to store a certain amount of value to limit his risk of overexposure is a Smart card.
What is a smart card?A smart card allows for people to be able to store a certain amount of the debt that they incur to make purchases.
By uisng only the amount in the card, the person's spending will be limited, which would reduce their risk over overexposure.
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A ______________ is characterized by a series of constant or level (annuity) payments over the life of the loan. A portion of each payment goes toward paying down the loan balance, while the other portion represents a payment of interest at the contract rate on the outstanding loan balance.
A "Fully Amortizing Loan" is characterized by a series of constant or level (annuity) payments over the life of the loan.
What is Fully Amortizing Loan?If you make every payment as specified in your term loan's original schedule, you will have fully amortized the debt by the time the term is over.The amount of principal and interest paid each month over the duration of your loan term is simply referred to as amortization.
The characteristic of fully amortization loan are-
A sort of periodic debt payments known as a fully amortizing payment. The debt is entirely repaid at the end of the loan's predetermined period if the borrower makes payments in accordance with the amortization plan. If the loan has a set interest rate, every completely amortizing payment is the same amount of money.Each fully amortizing payment is the same amount of money if the loan has a fixed rate. On the other hand, a partially amortizing loan is another payment schedule based on amortization, but only some of the payment is amortized.To know more about requirements of an amortized loan, here
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BPMN Blank______ is anything that happens during the course of a business process, including customer requests, time requests, and the end of the process. Multiple choice question. event flows activity gateway
The answer is Event.
A process-related event is described in a BPMN event, which is represented by a circle.
Start events, middle events, and end events are the three primary events in business process modeling.
These three categories are also described as throwing events or catching events (which respond to a trigger) (which the process triggers).
BPMN activity is a task in a business process.
In BPMN activity all work that is ongoing in a process is depicted by a rectangle with rounded corners in a business model.
It is used to verify availability, pick up clients, and booking confirmation.
BPMN gateway is used to control the flow of a process.
As represented by a diamond shape in a business process model, BPMN Gateway is used to manage the forking, merging, and joining of pathways inside a process.
Hence, a BPMN event is anything that happens during the course of a business process, including customer requests, time requests, and the end of the process.
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Education and healthcare are two examples of _________ in international business.
The U.S. has been importing baby toys from China, but this year kids are getting sick from these toys. After testing the toys high dosages of lead are found in the paint used on these toys. The U.S. government now bans the import of these baby toys from China until they are deemed safe again. This is an example of a ________.
The U.S. has been importing baby toys from China, but this year kids are getting sick from these toys. After testing the toys high dosages of lead are found in the paint used on these toys. The U.S. government now bans the import of these baby toys from China until they are deemed safe again. This is an example of a Nontariff Barrier.
What is Nontariff Trade Barrier ?It refers to the practice of government , where the government has the capability to restrict any trade between two countries , is referred to as nontariff trade barrier . Certain barrier are placed to stop the trade , which are called the trade barrier .The method is used for any economic or political factors .
Nontariff barriers are trade barriers that are used whereby the import and export of goods and services are restricted. It should be noted that the restriction is not by tariffs but can include embargoed, quotas, sanctions, and levies.
Therefore, we can conclude that this is an example of a Nontariff Barrier.
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Oral evidence in contract disputes is prohibited by:Multiple Choicea parol contract.an executory contract.an inferred contract.an unspecified contract.the parol evidence rule.
The parol evidence rule will not permit evidence of an oral agreement that is inconsistent with a written term, for as to that term the contract is integrated.
"Parol evidence” is generally oral evidence. It is beneficial and may be admitted under certain circumstances after the parties agree to a final written agreement. For example, if the parties to the contract made a mistake, such as omitting or mistakenly listing a term, parol evidence may be considered.
The parol evidence rule is an evidentiary rule in contract disputes which generally makes evidence of agreements outside the parties' written contract inadmissible. That is, under the parol evidence rule any agreement that is not contained within the written contract is inadmissible in court.
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Misappropriation of a trade secret occurs when __________. Multiple Choice a person uses another's trade secret and confidential information with authorization a person improperly acquires secret information through burglary, espionage, or computer hacking a person recreates a product after looking at it and figuring out how it works or is formulated a person uses his or her own knowledge and understanding to recreate what is another's trade secret a person is able to recreate the same information that the other considers to be a trade secret
Misappropriation of a trade secret occurs when A person improperly acquires secret information through burglary, espionage, or computer hacking .
What is Misappropriation of a Trade Secret?
Trade secret infringement is called “misappropriation.” It occurs when someone improperly acquires a trade secret or improperly discloses or uses a trade secret without consent or with having reason to know that knowledge of the trade secret was acquired through a mistake or accident.
How do you prove Misappropriation of Trade Secret?The plaintiff in a trade-secret case lawsuit must prove three facts:
(1) it has some valuable business information that it has kept secret.
(2) the information is not generally known.
(3) the defendant has used that secret.
Thus, we can conclude that the correct option is B. A person improperly acquires secret information through burglary, espionage, or computer hacking when Misappropriation of a trade secret occurs .
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Proteus Sportz is popular for its athletic shoes. It has shoes for soccer, basketball, golf, running, and football. Proteus also carries athletic apparel like caps, shirts, jerseys, shorts, and socks. The shoes and apparel can be best described as examples of product ________, which make up the Proteus product ________.
The shoes and apparel can be best described as examples of product Lines, which make up the Proteus product Mix.
What is Sports Marketing?The use of sporting and sports-related events to advertise a company, brand, or product is known as sports marketing. Using this strategy, marketers can use sports' appeal and popularity to draw attention to their company or product. The marketing and promotion of live sporting events is also included in the category of sports and entertainment marketing. Our daily exposure to marketing during athletic events includes the Super Bowl commercials, stadium advertisements, and athlete endorsements. Sports marketing contributes to the development of a brand image for a successful, successful lifestyle that many people aspire to. Your brand gains credibility and becomes more likable in the eyes of the consumer with this kind of image.Know more about Sports Marketing with the help of the given Link:
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The variable overhead ______ variance measures the difference between the actual variable overhead cost and the projected budget for variable overhead cost.
Variable overhead rate variance.
What is variable overhead rate variance?The difference between the actual variable manufacturing overhead and the variable overhead that was anticipated given the number of hours worked is the variable overhead rate variance, sometimes referred to as the spending variation.What is an actual variable overhead cost?Spending on Variable Overhead Variance is the difference between the actual cost of variable production overheads and the expected cost given the amount of activity over a certain time period. Typically, the standard variable overhead rate is represented in terms of labor or machine hours.What is budgeted variable overhead?It is the relationship between the budgeted expenses as determined by a company's cost accountants and the actual costs. Variable overheads are the names given to the budgeted costs. Basically, variable overhead spending variation is the portion of a company's operating expenses that varies in response to changes in operational activity.Therefore, the correct answer is variable overhead rate variance.
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Market segment profiles are used to describe _____________ members of a market segment, and to explain ______________members in separate market segments.
Market segment profiles are used to describe the similarities among potential members of a market segment, and explain the differences among members in different market segments.
What is Market segment profiles?The process of segmenting a market of potential customers into smaller, more focused groups based on shared traits like demographics, interests, needs, or location.
There are four primary categories of market segmentation-
demographic.Psychographic.Geographic. Behavioral.What are the levels of market segmentation?There are four levels of market segmentation-
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A designer finds a job that she is interested in, but needs to create a resume quickly before the upcoming job application deadline. What tool can she use to create a solid resume with all the necessary elements
The tool the designer can use to create a solid resume with all the necessary elements is D. A template from a word processing program.
What is a Resume?This refers to the document or file that contains the relevant information about the professional experience of a person.
Hence, we can see that based on the fact that she needs to make the design quickly before the deadline passes, she would have to use a template from a word processing program.
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Cash receipts that have been recorded in the company's accounting records but are not yet recorded by the bank are
Deposits outstanding refer to cash receipts that have been documented in the accounting records of the business but have not yet been recorded by the bank.
What is an Outstanding Deposit?A monetary sum that has been recorded by the receiving business but hasn't been recorded by its bank is known as an outstanding deposit. On the recurring bank reconciliation created by the receiving company, all unpaid deposits are reported as reconciling items. The receiving entity's book balance is reduced from these deposits to determine the bank balance.
When a bank reconciliation is conducted, there are often few of these deposits indicated as reconciling items because they are typically just outstanding for one business day.
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