What legal considerations would you need to take when pricing these items? When pricing these items, you need to think whether or not you will make any profit of it and if the profit is too high, will anyone buy your product. Make sure you know how much other stores are pricing their items and look at the stock/market value. Make sure you know you customers. Why? So you don't lose money and close down.
What about any ethical consideration in regard to pricing these items? Pricing a product ethically is a major decision for any business. Businesses who use ethical pricing strategies to sell their products and earn a profit are far more respected than those that hurt and defraud competitors or even consumers. To practice ethical pricing, you need to be able to spot the ethical issues that hinder fair pricing. One main issues that usually businesses do not work out is that they either favor or anti-favor a product.
Explain the role of business ethics and legal considerations in pricing, as well as the importance of a reputation for honesty in communication and for quality products. Finally, evaluate the impact of legal considerations in pricing. Ethics and Legal Considerations in pricing is mainly on the customers. Think of yourself walking into a store buying a product, would you buy it if it was more expensive then the business next door? Depending on the products, I would say. Sell everyday items that people need and would buy if they was there for something else anyways. If your shop was focused on clothes. Think about how much time and money you put into making these items. Say if the dress you made costed around $30 but took you hours to make it for designs or fitted. Then up the price up on the dress, depending how it is. Make the dress $45 so you can make a profit while the customer gets a good deal. If the dress, top, shoes, pants are plain, make it around $10-$20 so people will buy the product. If it has designs and jewels and stuff. Bump the price range to $25-$50. If shoes, do slides around $25-$60 and sneakers and stuff around that range too. Don't do too expensive depending on the item. But price it around the range that would be able to make you a profit and people buying your items at the same time. Now, if you are focused on clothes. Make sure your shop has accessories. Because i know that when i shop as a customer, I always try to find accessories/purses that will match the outfit im buying. If you can, put makeup in your shop. Lipgloss or palates. Now, I know all the things may be expensive. But, if you do what you love, the money will follow.
Off topic, but may i ask if you are starting a business?
Bateman Gray Motors sells the cars it produces using dedicated dealers who only sell Bateman Gray's products at their outlets. What kind of marketing strategy has Bateman Gray adopted with its car dealers?
The kind of marketing strategy that Bateman Gray adopted with its car dealers is exclusive dealing.
Exclusive dealing marketing strategy occur when a dealer only sell the items or goods made by a specific or particular supplier or manufacturer.
This means that customers can not find another brand of products produce by another manufacturer in the dealer outlet because the dealer has stick to that particular products from the designated supplier.
Based on the information given the car dealer is engaging in what is called Exclusive dealing because the dealer is only selling a particular brand products from a particular company.
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winn co. signs a 60 day note payable for a $15,000 copy machine with an interest rate of 8%. winn will record total interest expense of
Answer:
200
Explanation:
Based on the information given Winn will record total interest expense of $200.
Using this formula
Total interest expense=Principal amount× Interest rate ×Time
Where:
Principal amount=$15,000
Interest rate=8%
Time=60 days/360
Let plug in the formula
Total interest expense=$15,000 x .08 x (60/360) = $200.
Total interest expense=$200
Inconclusion Winn will record total interest expense of $200.
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Three years ago shawheen deposited 5,000 in a savings account
what's the question???????
Product ABC has a contribution margin per unit of $10.00. Each unit of ABC requires 5 minutes of machine time and 10 minutes of labor time. Product XYZ has a contribution margin per unit of $15.00 and each unit requires 10 minutes of machine time and 5 minutes of labor time. If the company's constraint is labor hours, the contribution margin per unit of constraint for Product XYZ is $____________ per minute.
Answer:
three (3)
Explanation:
Assuming the company's constraint is labor hours, the contribution margin per unit of constraint for Product XYZ is $1.50 per minutes.
Contribution margin per unitUsing this formula
Contribution margin=Product XYZ contribution margin per units/Machine time
Where:
Product XYZ contribution margin per units=$15
Machine time=10 minutes
Let plug in the formula
Contribution margin=$15/10 minutes
Contribution margin=$1.50 per minutes
Inconclusion the contribution margin per unit of constraint for Product XYZ is $1.50 per minutes.
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Which vendor offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system
There are different kinds of vendors who offers various kinds of services. The vendor that offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system are SAP....Oracle, JDA software, and Ariba.
JDA Software is known to be a software and consultancy company. They are known to specializes in selling supply chain management products and services to businesses. Their goal is to help its customers optimize costs, achieve revenue growth etc.
Oracle is known as a company that is best known for its Oracle database software. It is a relational database management system, and also use for computer systems and software, such as Solaris and Java. It was said to be acquired in its purchase of Sun Microsystems in 2010.
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Identify a true statement about the follow-up that salespeople should perform after a sale. Multiple Choice Salespeople should avoid regular follow-up with their accounts to identify any changing needs as it will tarnish goodwill between the seller and the buyer. Salespeople should make a call to say thank you and to check to see that the product is working appropriately. Salespeople should ideally follow the three-by-three strategy to make all their follow-up calls. Personal follow-up visits should be avoided because they are expensive and tend to accomplish little. Salespeople should follow up with only those members of the buying center who are directly involved in the use of the product.
After the sale, salespeople should only follow up with the buying center members who are directly involved in the use of the product.
The members of the buying center will be responsible for making decisions regarding variables that allow the monitoring of factors such as:
Direct buybackNew taskModified buybackProduct typeThis monitoring will help to understand consumption and satisfaction trends so that the purchase and sales strategy is carried out more effectively and aligned.
Therefore, salespeople should follow up after the sale only with buying center members, who will provide them with guidance to make more sales of certain most consumed products.
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Smedley, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are normal goods. Right after he achieves the utility-maximizing level of consumption of the two goods, the price of ice cream increases. To adjust to this event, he consumes _____ peanut butter and _____ ice cream.
Considering the situation described above, to adjust to this event, he consumes more peanut butter and less ice cream.
This is because the price of the ice cream has increases, thereby following the law of demand and supply, which means the higher the price, the lower the demand.
Similarly, since the price of peanut butter remains the same, it is expected that Smedley would consume more of it.
Hence, in this case, it is concluded that the correct answer is more and less, respectively.
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food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the _______ element of the marketing mix to meet customer needs.
Answer:
product
Explanation:
Food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the product element of the marketing mix to meet customer needs.
The features of a product includes quality level, brand name, styling, and packaging. They always influence sales of produce.
Products of companies often contains components which the consumer uses when evaluating alternatives.
Conclusively, The components are the market, the problem, the solution, and the product itself
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natural unemployment equals _____ unemployment plus _____ unemployment.
AramMark, Inc. is a company that provides cafeteria service workers to a client company. This is an example of the use of which type of employees
Answer:
im sure you already got the answer lol its been 5 days
Explanation:
Explain the importance of teams in a business:
Answer:
Businesses thrive when they have a diverse team of people who can contribute individual ideas. Teamwork helps solve problems.
Explanation:
An investor anticipating a rise in interest rates would likely purchase A) callable bonds. B) corporate bonds. C) bonds issued by the U.S. Treasury. D) variable-rate demand obligations or reset bonds.
Answer:
B. corporate bonds
Explanation:
have a great day peeps :)
Due to discrimination, labor supply will be artificially ______ in higher-pay occupations populated by preferred workers, ______ their wage rates and income.
A lot of sectors of the economy experience different kinds of discrimination. Due to discrimination, labor supply will be artificially reduced in higher-pay occupations populated by preferred workers, raising their wage rates and income.
Discrimination exist in a labor market if workers with the same economic characteristics, such as education, experience, and skill, are paid different amounts due to their race, gender, religion, age etc.
Discrimination often have an effect on demand and supply
Looking at demand, negative discrimination will result to employers reducing the expected value of employment of a specific group.
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Julio is writing a business proposal on the advantages of an open work environment. He has done a lot of research on the topic from professionals and is trying to convince his manager that it would benefit their team. The best way for Julio to avoid plagiarism on a documentwide level is by: ___________
a. changing the words from the sources to alter the meaning.
b. using direct quotations or verbatim restatements from his sources.
c. significantly altering the original words and sentence structure of his sources.
d. supplying his own original ideas, conclusions, and recommendations.
e. combining information from two sources.
The best way for Julio to avoid plagiarism on a document wide level is by: d. supplying his own original ideas, conclusions, and recommendations.
Plagiarism means copying or using another person ideas as yours without the owner permission.
Julio should create enough time for himself when writing the business proposal so as to supply his own original idea to his managers as this will enable him to avoid plagiarism.
He should endeavor to create his own conclusion as well as recommendation when writing the business proposal rather than using another person ideas or work.
Inconclusion the best way for Julio to avoid plagiarism on a document wide level is by: d. supplying his own original ideas, conclusions, and recommendations.
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Estimated Tax Payments
As an employee, some of your taxes are paid with
each paycheck throughout the year. But as a self-
employed business owner, you need to estimate what
you will need to pay in the upcoming year and make
payments four times a year, or quarterly.
If Chinwe owes $2,164.00, what would her
quarterly payments be?
Type in payment amounts in each open field.
Payment of
April 15
Payment of
June 15
Payment of
September 15
Payment of
January
Answer:
The right answer is 541
Chinwe's Quarterly Payment of her upcoming year's tax liability will be as follows:
Payment Date Payment Tax Liability
April 15 $541 $1,623 ($2,164 - $541)
June 15 $541 $1,082 ($1,623 - $541)
September 15 $541 $541 ($1,082 - $541)
January 15 $541 $0 ($541 - $541)
Data and Calculations:
Estimated liability for upcoming year = $2,164
Payment period = Quarterly or 4 times a year
Quarterly payments = $541 ($2,164/4)
Thus, Chinwe's quarterly payment is $541.
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Retained Earnings of $100,000 represent a corporation's cumulative earnings ______ and is shown on the ______. Multiple choice question. declared; statement of retained earnings kept; balance sheet and statement of retained earnings in cash; balance sheet
Retained Earnings of $100,000 represent a corporation's cumulative earnings kept and is shown on the balance sheet.
The retained earnings simply mean the proportion of the cumulative profit of a company that is held or retained for the future.
Retained earnings are typically used to meet the future needs of the company. Therefore, the retained earnings of $100,000 represent a corporation's cumulative earnings kept and is shown on the balance sheet.
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Research conducted by Nicholas Epley and his colleagues at Harvard showed that people will spend a _________________ percentage of money given to them if it is ________________ rather than a. greater; termed a rebate; a bonus. b. greater; termed a bonus; a rebate. c. smaller; cash; a rebate check. d. smaller; a rebate check; cash.
if the market interest rate is greater than the contractual interest rate, bonds will sell
Answer:
When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at a discount.
thank you mark me as the brainlist i need you help to complete my this rank
During the year, Lox, Stock and Bagel Inc.'s net income was $60,000. Its average stockholders' equity was $240,000, and it had 120,000 shares outstanding the entire year. Its stock was selling for $10 per share. Its P/E ratio equals ______. The company has no preferred stock. Multiple choice question. 20.00 0.50 40.00 0.25
Based on the information given its P/E ratio equals: 20.00.
Using this formula
P/E ratio =Selling price per share/(Net income/Number of shares outstanding)
Where:
Selling price per share=$10
Net income=$60,000
Number of shares outstanding=120,000 shares
Let plug in the formula
P/E ratio =$10/($60,000/120,000)
P/E ratio =$10/0.5
P/E ratio =20.00
Inconclusion its P/E ratio equals: 20.00.
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a standardized language used to manipulate data is
Answer:
It's Data Manipulation Language (DML) !!
Hope It Helps.
The RJN Corporation has issued warrants where each warrant offers the holder the right to purchase one share of RJN's common stock for $20 per share. The warrants are exercisable anytime within the next five years. Chelsea purchases 80 warrants for $2 each. Three years after the purchase, the market price of RJN common stock has risen to $25 per share. Chelsea exercises the warrants and immediately sells the RJN stock at the market price. The result of these transactions is that Chelsea has realized
A) a net short-term capital gain of $400.
B) a net long-term capital gain of $400.
C) a net long-term capital gain of $240.
D) a net short-term capital gain of $240.
The result of these transactions is that Chelsea has realized net long-term capital gain of $240.
Capital gain is the increase in the value of an asset after the asset has been bought. It was the price at the time the asset was bought is lower than the value of the asset at the time it is sold. Capital gain is determined by subtracting the purchase price of the asset from the selling price of the asset.
Types of capital gain
Short-term capital gain: it is the gain realised on an asset that is held for less than a yearLong-term capital gain: it is the gain realised on an asset that is held for more than a year.Chelsea's net long-term capital gain: 80 x {$25 - ($20 + $2)] = $240.
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A generation ago, workers tended to work for three to four employer(s) during their working years. Group of answer choices True False
celebrity endorsements of produces utilize the ________ to persuasion.
Answer:
peripheral route :)
Celebrity endorsements of produces utilize the peripheral route to persuasion.
What is peripheral route?peripheral route involve a indirect approach to approving a products.
It does not use the fact or findings about a product but rather uses association or relationship with the owner to judge a product.
Therefore, celebrity endorsements of produces utilize the peripheral route to persuasion.
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A _____________ is a written federal court order signed by a bankruptcy judge stating that the debtor is immune from creditor actions to collect debts.
1) The heart beats approximately ________ times each day. A) 1,000 B) 10,000 C) 100,000 D) 1,000,000 E) 10,000,000
Norris has a deductible of $1,000. He damages his car in an accident and it will cost $3,300 to repair. How much does his insurance pay
Based on the information given the amount that the insurance pay is $2,300.
Using this formula
Insurance coverage=Cost of repair- Deductible
Where:
Cost of repair=$3,300
Deductible=$1,000
Let plug in the formula
Insurance coverage=$3,300-$1,000
Insurance coverage=$2,300
Inconclusion the amount that the insurance pay is $2,300.
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An online auction is based on the _____, which brings buyers and sellers together in a virtual marketplace.
An online auction is based on the Brokerage model , which brings buyers and sellers together in a virtual marketplace.
An online auction is an internet based system that unifies sellers and buyers on auctions for various products on the website, Here, the highest bidder buys the item.A brokerage model is a type of business model adopted by online auction in which a broker acting as a middleman creates a platform such that buyers and sellers of different product and services can come together for business transactions.For example, when a trader auctions its product and the auction is executed, The trader/ investor will pay a transaction fee to the brokerage company for its effort in providing a platform which made such transaction possible.
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Stockholders are eligible for a dividend if they own the stock on the date of A. declaration. B. record. C. payment. D. issuance.
In a deciding set, what should be recorded on both the left and right sides of the sheet before the court switch for the team that starts on the left
In a deciding set, the triangle denoting the position where the Libero serves and all player substitutions should be recorded on both the left and right sides of the sheet, before a court switch is made by the team that is expected to start on the left.
Volleyball can be defined as a team sport comprising two (2) teams of six players, each on both sides of the court.
Generally, these two (2) teams are separated by a horizontal net and are required by rules to bat the ball by using their bare hands, without letting it hit (touch) the floor.
In indoor volleyball, a libero is a back-row defensive specialist who is saddled with the responsibility of covering and sweeping across the spaces behind other defenders.
In a deciding set, the triangle denoting the position where the Libero serves and all player substitutions should be recorded on both the left and right sides of the sheet, before a court switch is made by the team that is starting on the left.
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The ratio that is calculated by dividing net income by average total assets is referred to as: Multiple choice question. asset turnover return on assets asset utilization
Answer: Return on assets
Explanation:
Return on assets is the ratio that is computed by subtracting net income from the average total assets. As a result, choice (B) is the best one..
What is Return on assets?A company's ability to generate a profit from its assets is gauged by its return on assets, or profitability ratio. Return on assets (ROA) gauges a company's management's success in turning a profit from the assets or financial resources that appear on its balance sheet, or to put it another way, a company's ability to manage.
A greater ROA demonstrates improved balance sheet management by a company's management team, which leads to more profitability.
The return on assets (ROA) indicator gauges how well a company manages to generate profits from all of the assets listed on its balance sheet.
A greater ROA demonstrates improved balance sheet management by a company's management team, which leads to more profitability.
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