What is referred to as loss aversion?
What will be an ideal response?
Loss aversion is a psychological phenomenon characterized by customers reacting more strongly to unexpectedly poor service than to unexpectedly good service.
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Myanmar is considered as one of the emerging markets open for business. All of the following facts pertain to Myanmar except:
A) Myanmar is a low-income country in Southeast Asia. B) Myanmar has a population of 65 million people. C) Myanmar is one of the countries considered as "Stans." D) Myanmar's citizens elected a president. E) Only one quarter of Myanmar's population has access to electricity.
For each of the following separate cases, use the information provided to calculate the missing cash inflow or cash outflow using the direct method.(a)Accounts receivable balances:?? Beginning of year $ 60,000? End of year 57,000?Sales revenue (all on credit) 375,000?Cash received from customers $_______???(b)Accounts payable balances:?? Beginning of year $ 42,000? End of year45,000?Merchandise inventory balances:?? Beginning of year 50,000? End of year 47,500?Cost of goods sold250,000?Cash paid for merchandise inventory $_ _____???(c)Interest payable balances:?? Beginning of year $ 7,500? End of year9,200?Interest expense35,000?Cash paid for interest $__ ____
What will be an ideal response?
Briefly describe the various types of information about customers that could be found in the marketing situation section of a marketing plan
What will be an ideal response?
Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $300 and has a unit contribution margin of $105; the Adult model sells for $850 and has a unit contribution margin of $450; and the Recreational model sells for $1,000 and has a unit contribution margin of $500. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,500,000, calculate the firm's selling price per composite unit.
A. $15,150. B. $1,950. C. $7,575. D. $13,200. E. $1,255.