Given that there is a serious disadvantage to cost-based pricing, how would you account for its widespread use in retailing and other businesses?

Answers

Answer 1

Cost-based pricing is sometimes justified by arguing that it ensures that a company receives a good profit on the products that it sells.

What is cost based pricing?

It should be noted that cost based pricing simply means a pricing method based on cost of production and distribution of a product.

In this case, cost-based pricing is sometimes justified by arguing that it ensures that a company receives a good profit on the products that it sells.

Learn more about cost based pricing on:

https://brainly.com/question/18489977


Related Questions

4. A stage in the policy process which requires building support to make sure the policy is
made acceptable to both the legislatures and the public may be described as
b. Institutionalization
6. Formulation
d. Implementation
e. None of the above

Answers

Answer:

d. Implementation

Explanation:

Hope it help correct me if I am wrong

What should be included in a financial plan to protect assets?
a. how much money you will make
3 b. how much money you will have in savings
C.
how much money you will invest
d. how much insurance you will carry
Please select the best answer from the choices provided
OA
OB
O C
OD

Answers

Answer:

I think it's D

Explanation:

how much insurance you carry. hope this helps!

Discusses a company's four Ps: product, price, place, and promotion in-depth. Which is the correct answer?

Question 24 options:

The marketing mix


Strategies and tactics


Budget


Offer or message

Answers

The marketing mix is the four P's of the company, which include product, place, price, and promotion. The four P's are the strategies developed by the company prior to the release of its products into the market.

What is marketing mix?

The four factors of the marketing mix are the main components that define the success or failure of any good or service.

It is decided by keeping in mind the internal and external factors of the business, like the competitors, resources, targeted customers, and substitute goods.

Thus, option A, marketing mix is the correct option.

For more details about the marketing mix, click here:

https://brainly.com/question/13074110

The financial statements of Burnaby Mountain Trading Company are shown below.
Income Statement 2017
Sales $ 7,000,000 Cost of Goods Sold 5,000,000 Gross Profit $ 2,000,000 Selling and Administrative Expenses 1,700,000 EBIT $ 300,000 Interest Expense 50,000 Income before Tax $ 250,000 Taxes 100,000 Net Income $ 150,000 Burnaby Mountain Trading Company
Comparative Balance Sheets
2017 2016
Cash $ 90,000 $ 80,000 Accounts Receivable 810,000 800,000 Inventory 800,000 720,000 Total Current Assets 1,700,000 1,600,000 Fixed Assets 2,600,000 2,400,000 Total Assets $ 4,300,000 4,000,000 Accounts Payable $500,000 400,000 Bank Loans 100,000 100,000 Total Current Liabilities 600,000 500,000 Long-term Bonds 400,000 300,000 Total Liabilities $ 1,000,000 $800,000 Common Stock (200,000 shares) 500,000 500,000 Retainded Earnings 2,800,000 2,700,000 Total Equity $ 3,300,000 3,200,000 Total Liabilities and Equity 4,300,000 4,000,000 Note: The common shares are trading in the stock market for $27 each.
Refer to the financial statements of Burnaby Mountain Trading Company. The firm's P/E ratio for 2017 is _________.

Answers

Based on the financial information of Burnaby Mountain Trading Company, the P/E ratio for 2017 is $36.

What is the P/E Ratio for Burnaby in 2017?

First find the earnings per share:

= Net income / Number of shares at end of 2017

= 150,000 / 200,000

= $0.75

Then find the P/E ratio:

= Market value per share / Earnings per share

= 27 / 0.75

= $36

Find out more on the P/E ratio at https://brainly.com/question/25772598.

When evaluating your professional interests, what question should you ask yourself?

How important are working environments, colleagues, and job stimulation to me?
How well do I know the required software packages?
Should I apply online or in person?

Answers

When evaluating ones proffessional interest the question to ask should related to profession growth. the answer is B. How well do I know the required software packages?

What is Professional Interests?

A professional interest is a statement that clearly descibes what skills and tools are needed to foster career growth.

In summary, it also include a statement of one ones future objectives.

Learn more about Professional Interests here:

https://brainly.com/question/12474722

The price elasticity of demand measure is generally stated as an absolute value.

Answers

what is the question?

What will help a person with power of attorney make good decisions?
A.Knowing why they were chosen to have power of attorney
B.Knowing how to set up a trust
C.Understanding the health care process
D.Understanding how to care for your family

Answers

An understanding of how to take care of his/ her family members will enable a person to make good decisions on his /her power of attorney.

Option D is the correct answer.

What is a power of attorney?

The power of attorney is a kind of legal document where an individual handover his/her decision-making power to another trusted person.  It is also known as will.

In the power of attorney or will, the senior-most member of the family will designate all his powers relating to decision-making to his son or daughter or guardian, if he doesn't have his own child. It also involves taking care of all assets or properties of him at the time of his death or when he is not physically able to handle all of their routine matters.

Therefore, the power of attorney helps an individual to take care of his/her family by making good decisions.

Learn more about power of attorney here:

https://brainly.com/question/11376545

#SPJ1

1. What are interest groups, and what roles (good and bad ) do they play in the political process?

Answers

Answer:

Interest groups are formed to promote the interests or concerns of their members. They are primarily concerned with influencing public policy. Because a key function is to exert pressure on political decision-makers, interest groups are sometimes referred to as 'pressure' or 'lobby' groups.

(50 POINTS!) There is a country that naturally grows the most bananas, but it can't efficiently produce and distribute those bananas throughout the global market. However, a country that not only can grow bananas, but also has the infrastructure to process and distribute them, has the _______________. Why?


A. absolute advantage. This is because it has a lower opportunity cost to begin exporting bananas.

B. comparative advantage. This is because it has a lower opportunity cost to begin exporting bananas.

C. comparative advantage. This is because the nation imports less than the other.

D. ability to export. This is because the nation imports less than the other.

Answers

the answer to this question is b

What does this picture reminds you of a nightmare of give 2-4 sentences

Answers

This picture reminds me of a nightmare regarding the red stuff coming out of its eyes. Another reason this image I consider a nightmare is because the face of the image is scary looking in some way.

This picture reminds you of a nightmare as it looks scary and threatening and seems like blood coming from eyes indicated through red color.

What is a nightmare?

Nightmares are a condition that is closely linked to tension, stress, and trauma. Physiological well-being is regarded as a problem in this condition, and it is frequently a symptom of the fundamental and curable disorder.

As well as emerging in combination with horrific memories and other psychiatric conditions like depression, cognitive deficits, and bipolar disorder, nightmares are more common during stressful times.

In the given case, the picture is shown as a nightmare as it is scary developing fear in an individual with its effects like red color liquid coming from the eyes which can be denoted as blood.

Learn more about the nightmare, here:

https://brainly.com/question/16818497

#SPJ7

Tim bought 3 shirts. Each cost $12 originally, but they were on sale for 20% off.
The sales tax rate where he lives is 5%. How much did he spend altogether

Answers

.................................

Explanation:

30.24

The amount spent by Tim on shirts is $30.24.

What is the sales tax rate?

A sales tax is a fee that is paid to the government when specified products and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase. Use taxes are often used to describe taxes on goods and services that consumers pay directly to a governing authority.

According to the question, the Cost of each shirt is $12, and 20% off on the sale of the shirt.

The amount spent on the shirt is computed as,

The discount amount for the shirt = 36 - 36 × 20÷100

                                                       = 36 - 7.2

                                                       = $28.8

Amount to be spent = 28.8 + 5 ÷100×28.8

                                  = 28.8+1.44

                                  = 30.24

Therefore, it can be concluded that the amount spent by Tim on shirts is $30.24.

Learn more about sales tax here:

https://brainly.com/question/29442509

#SPJ2

Tinsley Plastics manufactures plastic bottles used for beverages and household cleaners. The average net book value (NBV) of assets during the quarter is estimated as $510,000. If the required rate of return is 12% on average assets and the firm wants to have residual income (RI) of $101,000 for this quarter, what must its profits be?

Answers

The profits of the Tinsley Plastics to manufactures plastic bottles is $162,000.

What is profit?

A profit is defined as the monetary profit. It is particularly the difference between the amount earned, and the amount spent on purchasing, operating, or creating anything.


The formula of profit is:

[tex]\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}[/tex]

Computation of profit:

According to the given information,

Net Book Value (NBV) =  $510,000,

Rate of Return = 12%

Residual Income (RI) = $101,000

Now, apply the given values in the formal of profit,

[tex]\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}\\\\\text{Profits} = \$510,000 \times 12\% + \$101,000\\\\\text{Profits} =\$162,000[/tex]

Therefore, the firm's profits must be $162,000.

Learn more about the profits, refer to:

https://brainly.com/question/15036999

#SPJ1

Which legal system relies upon principles or rules of law that were
developed from court decisions?

Answers

Answer:

Common Law

Explanation;

Common Law relies upon judicial principles of law of former court decisions.

1. Legal Reasoning Fact Scenario V:
Rapunzel, who lives in Massachusetts, works in research and development for Tower Corporation at one of the company's facilities in Massachusetts. Tower Corporation is a hair products company whose headquarters is in Connecticut and whose primary state of incorporation is Delaware. Recently, she applied for a promotion, but the position was awarded to Rumpelstiltskin, a man from another department with much less experience and fewer qualifications. Rapunzel is very disappointed and is upset because she has noticed a pattern and practice of discrimination on the basis of gender at Tower and she decides to sue Tower Corporation based on Title VII of the Civil Rights Act of 1964 (a Federal statute) and Mass. Gen. Laws Ann. ch. 151B, §1 et al. (a Massachusetts statute.) After exhausting her administrative remedies, as is required by the statutes, she decides to proceed in court.
Fact Scenario V: Question V1:
This case involves
a. only a state discrimination claim.
b. only a federal discrimination claim.
c. both a state and a federal discrimination claim.
d. neither a state nor a federal discrimination claim.
2. Refer to Legal Reasoning Fact Scenario V: Question V2:
Which of the following must be considered in order to determine in which court Rapunzel can file her claim?
Whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.
Whether the case can be tried in federal court, only.
Which courts have personal jurisdiction, only.
A substantive analysis of gender discrimination laws at both the state and federal level.

Answers

The given case involves c. both a state and a federal discrimination claim.

What is a Discrimination Claim?

This refers to the allegations that are leveled by an employee against his employer about job discrimination based on factors such as immigration status, national origin, etc.

Hence, we can see that in a discrimination claim, if the laws are the same, then a judge can make a decision and apply it to both federal and state claims.

With this in mind, we can see that because Rapunzel who lives in Massachusetts files a discrimination claim against her employer, this is both a federal and state claim because it happened in Massachusetts and she had exhausted her administrative remedies.

This leads to the consideration of the courts to file her claim as this can be arrived at based on the question of A. whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.

Read more about discrimination claims here:

https://brainly.com/question/5987026

After confirming that Mr. Boria's son is a new patient and that he is covered by Blue Cross/Blue Shield, what should you ask the patient?

A. Which Blue Cross Blue Shield plan is your son covered by, Mr. Boria?
B. When would you like to come in, Mr. Boria?
C. Has your son been seen in this office before, Mr. Boria?

Answers

Answer:

Option A

Explanation:

See

Mrborias son is convered already by blue cross or blue shield,we know that

So

we should ask what blue shield his son has been convered rather than when they come to achieve.

Option A is correct

Having the skill to coordinate different people and different tasks to work towards one goal is necessary for one of the following positions.

A: Secretary
B: Engineer
C: Manager

Answers

Answer:

C. Manager

Explanation:

Makes the most sense to me. You have to know how to deal with people and assign tasks to get the job done. Sounds like every manager i know.

What is a “naming rights” sponsorship?

Answers

Answer:

Naming rights are like a long-term advertisement.You sell a sponsor the right to their name being put on a building, often a sports arena. Then your sponsor's name could become the next Gillette Stadium or Wells Fargo Center.

Product A - proposed lavender ice cream
Product B - competitor ice cream
Survey Results
Question Results Scale
How much did you like Product A? 3.2 1-5
How much did you like Product B? 3.9 1-5
Did you prefer Product A? 40% Out of 100%
Did you prefer Product B? 60% Out of 100%
How would you rate the taste of Product A? 5.1 1-7
How would you rate the design of Product A? 2.9 1-7
How would you rate the boldness of Product A? 4.2 1-7
How would you rate the smell of Product A? 6.0 1-7
Would you buy Product A if it was available in the store? Yes = 25% Yes / No
How often would you buy Product A if it was available in the store? Every 2 weeks Daily, Weekly, Quarterly, Annually
Answer the following questions:
Which of the two products did the participants prefer based on the indicators above?

Answers

Based on the indicators above, especially the preference of products by consumers, participants preferred Product B (60%) to Product A (40%).

What is a brand preference?

Brand preference refers to the choice of a specific company's brand (product or service) when compared with other, equally priced, and available brand (product or service) options.

Typically, brand preference reflects:

Customer loyaltySuccessful marketing tacticsBrand strengths.

Data and Calculations:

Question                                                              Results     Scale

How much did you like Product A?                        3.2         1-5

How much did you like Product B?                        3.9         1-5

Did you prefer Product A?                                     40%       100%

Did you prefer Product B?                                     60%       100%

How would you rate the taste of Product A?         5.1         1-7

How would you rate the design of Product A?     2.9         1-7

How would you rate the boldness of Product A? 4.2         1-7

How would you rate the smell of Product A?       6.0         1-7

Would you buy Product A if it was

available in the store? Yes =                               25%       Yes / No

Thus, based on the indicators above, especially the preference of products by consumers, the survey participants preferred Product B (60%).

Learn more about brand preferences at https://brainly.com/question/14286452

what does journalism have you do

Answers

Answer:

yas

Explanation:

The foundation for all of the functions of management is

Answers

Answer:Planning is the foundation on which all other managerial functions rest.

Explanation:

As secretaries are often the first point of contact that people meet in a business, what type of skills do they need to develop in order to make a good first impression?

A: People skills
B: Shared skills
C: Technical skills

Answers

I believe it’s A: People skills.

ecord the transactions in the accounting equation for Year 2. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table.

As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders’ equity and present this information in the form of an accounting equation.

What is the amount of total assets, liabilities, and stockholders’ equity as of January 1, Year 3?

Answers

Answer:

BETTER CORP.

Event        Assets   =    Liabilities    +   Stockholders’ Equity   Accounting Titles

                                                                                              for Retained

                                                                                                Earnings

                 Cash   +   Land   =   Notes    +  Common   + Retained

                                             Payable      Stock          Earnings

Balance

1/1/Yr 1      20,000     30,000     13,000       8,000      29,000

1.              (10,000)    10,000

2.             35,000                                   35,000

3.             74,000                                                      74,000 Service Revenue

4.            (41,000)                                                     (41,000) Operating exp.

5.            20,000                    20,000

6.            (10,000)                                                     (10,000)

7.                             N/A                                              N/A       N/A

b. Balance 31/12

Yr 2     88,000 +  40,000 = 33,000  + 43,000 +  52,000

c. The amount of total assets as of January 1, Year 3 = $128,000; liabilities = $33,000; and stockholders' equity = $95,000.

Explanation:

The accounting equation states that total assets are equal to total liabilities and stockholders' equity.  This equation gives accounting two sides to every transaction.  This is known as the double-entry system of accounting.  And the two sides are always in agreement before and after each transaction.  The equation also implies that an entity's assets are funded by the creditors and the owners (stockholders).

Taxes that include Social Security and Medicare withholdings.

Answers

FICA tax includes a 6.2% of social security and 1.45% Medicare tax on earnings.

Discuss the resources you would need to start your business as entrepreneurs.

Answers

Answer:

The resources you need to start a business can be broken into five broad categories: financial, human, educational, emotional and physical resources.

Financial Resources:

Human Resources:

Educational Resources:

Physical Resources:

Answer:

1 The availability of items

What are the six categories of business products?

Answers

Answer:

raw materials, process materials, component parts, major equipment, office equipment and supplies, and business services.

Explanation:

your welcome

Project: Look Up a Treaty
As the chief author of this project, you get to decide what kind of treaty you would like to investigate and describe.

First, look up a treaty via the Internet or a book, cite your source, and answer the following quesions in a report of at least 750 words:

Define a treaty.
Is the treaty you have chosen bilateral or multilateral? Which countries are parties to this treaty?
When was the treaty "done" and when did it "enter into force"?
What is the purpose of the treaty?
Why did you select this particular treaty?
What did you learn from this treaty?
Did you acquire any new terms from the language of the treaty?

Answers

A treaty is an agreement between two or more groups in which the conditions for reaching an agreement on an issue are discussed.

What is a treaty?

An international treaty is a set of international norms and laws, which bind and oblige the States that sign it.

An example of a treaty is the free trade treaty between the United States and Colombia.

What characteristics does this treaty have?

It is a multilateral treaty because both parties (government of Colombia and government of the United States) negotiated the terms and conditions of the treaty.

This treaty was approved on October 12, 2011 by the United States Congress and entered into force on May 15, 2012.

The main objective of this treaty is to establish the legal framework for free trade between these two countries.

Learn more about treaty in: https://brainly.com/question/907952

#SPJ1

Which of the following best practices should you employ when bagging?
(select all that apply)
Do not start bagging before sizing up the order
Do not force items down the side of the bag
Do not double-bag unless requested by the customer
Do not overload the bag with heavy items
Do not place chemicals and food in the same bag
Do not place like products together

Answers

Do not place chemicals and food in the same bag

The  best practices should you employ when bag packaging are

Do not overload the bag with heavy items.Do not force items down the side of the bagDo not place chemicals and food in the same bag.What is bag packaging?

Bag packaging is referred to as packaging something in bags. The person who puts groceries or purchased materials into a bag on the demand of the buyer is called a bag packer.

When bag packaging the material into the bag it is the responsibility of the bagger who packs the groceries that differentiates products like food-based and chemical based in order to protect them from spoiling.

The bag packer should not overload the bag as it creates the fear of tearing which may destroy the items purchased by the buyer and can face a huge loss and also can not forcefully put the items in the bag downside.

Food can be harmed by a number of causes, and chemical principles can be used in various ways to change the taste and look.

Learn more about packing instructions, here:

https://brainly.com/question/1353495

#SPJ2

QUESTION 70 at does this symbol stand for, and where are some likely places that will you find it​

Answers

Answer:

cant see it im a little concerned

Question 3

Total expenditure equals price times elasticity?
True or False

Answers

True but I am not sure

In which type of bailment does the bailee have the highest
standard of care?
A. Bailment for benefit of consideration
B. Bailments for the benefit of bailor and bailee
O C. Bailment for the sole benefit of the bailor
O D. Bailments for the sole benefit of the bailee

Answers

Answer:

D. Bailments for the sole benefit of the bailee.

Explanation:

i got it right:)

Other Questions
What is most likely the author's intent by including the extended quote in Paragraphs 5 and 6 of Frank McCourt, Whose Irish Childhood Illuminated his Prose, is Dead at 78?A. He is connecting with his readers over the shared misery that is the Irish experience.B. He is including a sample from Angela's Ashes since he knows that not many peoplewill have read it before. C. He is including it because Angela's Ashes is his favorite book.D. He wants to sample some of McCourt's best-known work while also giving a portraitof his younger years. What is deforestation?What is defenstration? How do illegal immigrants help America? The Cajun holy trinity includes all of the following EXCEPTO A.onion.B.celery. c.jalapeno. D.green bell pepper. PLEASE HELP QUICKLY The graph shows the relationship between the number of female eastern bluebirds observed by a biologist and the total number of eggs laid. Complete the given equation to show the relationship between b, the number of female eastern bluebirds observed, and t, the total number of eggs laid NEED HELP WITH WHATS IN PICTURE! Describe Earths Natural Processes. Whats the answer?????#2 Question 10Graph g(x) =Y10+987-6S432211 2 3 4 5 6 7 8 9 10 Tell how to get from your house to the supermarket. Choose the factor pairs of 25.1 and 25, 3 and 10, 5 and 61 and 25, 3 and 91 and 25, 2 and 111 and 25, 5 and 5 The product of the ages of a man and his son is 160. In four years time, the man will be four times as old as his son. Find their ages. Identify key ideas or principles of Voltaire The tax rate is 6.8% what is the tax on $9.95 24 There are 4 students running for president in the school election. The likelihood ofeach student winning has been estimated by surveying a random sample ofstudents. The results of the survey are shown below.Jocelyn15Melvin 1596Sharon310Jayden 0.35Which student is most likely to win?A JocelynB MelvinC SharonD Jayden As large animals became extinct, how did huntersadapt to this change in theirenvironment? Complete the tableOriginal Price: [ ? ]Percent of Discount: 25%Sale Price: $40What is the original price? give it a line segment containing the points AB and C in order if AB is four and BC is 16 then what is the length of AC Information used to support a claim is calledevidence.reasons.arguments.viewpoints. 7 copper spheres with radii of 4inches are melted and formed into acube. How tall is the cube?