In this situation, the manager has set a price that is higher than the target market is willing to pay. The customer looks at this situation as a bad deal and, unless the company has a monopoly or some other kind of market power, does not buy
Identify the situation.
A) perceived value > price > cost
B) price > cost > perceived value
C) price > perceived value > cost
D) perceived value > cost > price
C
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The Alchemy Chemical Company issues management team is certain that the population will continue to age but doesn’t think that this trend will impact the firm’s sales. For Alchemy population aging has ______.
A. high magnitude and low probability B. high magnitude and high probability C. low magnitude and high probability D. low magnitude and low probability
Another oil refiner is offering to trade you 10,150 bbl of Alaska North Slope (ANS) crude oil for 10,000 bbl of West Texas Intermediate (WTI) crude oil
Alaska North Slope Crude Oil (ANS) $71.75/bbl West Texas Intermediate Crude Oil (WTI) $73.06/bbl As an oil refiner, you are able to produce $77 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $78 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude. Assuming you currently have 10,000 bbl of WTI crude, the added benefit (cost) to you if you take the trade is closest to ________. A) ($1550) B) $1550 C) ($3475) D) $3475
How does industry structure affect intensity of competition?
What will be an ideal response?
On September 1, Ziegler Corporation had 50,000 shares of $5 par value common stock, and $1,500,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is:
A. Debit Retained Earnings $250,000; credit Common Stock $250,000. B. Debit Retained Earnings $750,000; credit Common Stock $750,000. C. Debit Retained Earnings $750,000; credit Common Stock Split Distributable $750,000. D. Debit Retained Earnings $250,000; credit Stock Split Payable $250,000. E. No entry is made for this transaction.