Describe the three major pricing methods that firms employ.
What will be an ideal response?
Cost-based pricing is the simplest method of pricing. The seller determines the total cost of producing, or purchasing, one unit and then adds an amount to cover additional costs and profit. Demand-based pricing is based on the level of demand of the product and results in a high price when product demand is strong and a low price when demand is weak. Competition-based pricing is when a company considers costs and revenue secondary to competitors' prices.
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The last step in the questionnaire design process is to reproduce the questionnaire
Indicate whether the statement is true or false
On May 7, Carpet Barn Company offered to pay $95,000 for land that had a selling price of $110,000. On May 15, Carpet Barn accepted a counteroffer of $103,000. On June 5, the land was assessed at a value of $120,000 for property tax purposes. On
December 10, Carpet Barn Company was offered $145,000 for the land by another company. At what value should the land be recorded in Carpet Barn Company's records?
Differentiate between in personam jurisdiction and in rem jurisdiction
What will be an ideal response?
By what methods can a person gain admittance to a partnership?
What will be an ideal response?