Setting some very low prices to attract customers, but trying to sell more expensive models or brands to the customer in the store is called Bait pricing.
Bait pricing is a marketing technique that involves tricking customers into believing they will have to pay less for a more expensive product. The phrase "bait-and-switch pricing" is shortened to this. This strategy promotes prices that are frequently unexpectedly cheap, or at least significantly lower than those that are typically offered in the market. Many times, a company would promote a product at an extremely low price just to later admit that the original item displayed is not actually available. It could be replaced by a more costly alternative.
Other industries may also use bait-and-switch pricing strategies. For instance, businesses might apply similar techniques to lead potential customers to believe that a company is providing better working benefits.
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which type of sales forecasting is based on the analysis of hard facts or numerical data?
A sort of sales forecasting called quantitative sales forecasting is completely objective and concentrates on actual, measurable sales data that has been gathered over the previous months or even years. Future sales, revenue, and expenses are calculated using this data.
How does sales forecasting work?The predicted revenue from sales is expressed in a sales forecast. What your business expects to sell during a specific time period is estimated by a sales forecast (like quarter or year). The most accurate sales projections do this.
The benefit of quantitative sales forecasting is which of the following?Displays Patterns The spending, sales, and scheduling trends within the company can be easily seen in numerical statistics. The trends throughout a given time period are clearly displayed in this sort of forecasting, along with whether or not the patterns are constant from year to year.
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Self-assessments must always be formalized instruments of
measurement.
O True
O False
Answer:
true I believe I'm not completely sure though
Explanation:
The Black Limo Company (BLC) purchased a limo on January 1 of Year 1. The limo cost $48,000. It had an expected useful life of 4 years and a $8,000 salvage value. Assuming BLC uses straight-line depreciation, depreciation expense for Year 1 is $_____.
Assuming BLC uses straight-line depreciation, depreciation expense for Year 1 is $ 10000.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation.
Annual depreciation price as in keeping with immediately line method=100/4
=25%/year
Hence depreciation as in keeping with double decline=2*Annual depreciation price as in keeping with immediately line method*Beginning cost of every period
Year Beginning value Depreciation Ending value
1 48000 (2*25%*48000)=24000 (4800024000)=24000
2 24000 (2*25%*24000)=12000
Total accumulated depreciation = $36000
It enables businesses to purchase assets over a predetermined length of time and generate income from those assets. Depreciation is a phrase used in accounting to describe two different elements of the same idea: first, the real decline in fair value of an item. Depreciation rate (SLM) is calculated using the following formula: (100 -% of purchase price at sale)/Useful life in years. Depreciation is calculated as (Purchase Price - Salvage Value)/Useful Life or as Purchase Price * Depreciation Rate.
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why do organizations now pay a growing share of compensation in the form of benefits? (select all that apply)
Organisations now pay a growing share of compensation in the form of benefits as employers are required by law to pay certain benefits, Employers can often get a better deal on programs than the individual employee.
An organization or organization is an entity such as a company, an organization or an association that brings together one or more people and has a particular purpose. The word is derived from the Greek word organon, which means instrument or instrument, musical instrument and organ.
There are many types of legal organizations including corporations, governments, NGOs, political organizations, international organizations, armed forces, charities, nonprofit corporations, partnerships, cooperatives and educational institutions, etc. organization is an agency operating in both the public and private sectors, performing public functions and developing commercial market activities.
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on january 1, 2024, a company began construction of an automated cattle feeder system. the system was finished and ready for use on september 30, 2025. expenditures on the project were as follows: january 1, 2024 $ 205,000 september 1, 2024 $ 306,000 december 31, 2024 $ 306,000 march 31, 2025 $ 306,000 september 30, 2025 $ 205,000 the company borrowed $752,000 on a construction loan at 7% interest on january 1, 2024. this loan was outstanding throughout the construction period. the company had $4,510,000 in 7% bonds payable outstanding in 2024 and 2025. average accumulated expenditures for 2024 was:
The average accumulated expenditures for 2024 would be $272,333.33 per month.
To calculate the average accumulated expenditures for 2024, you will need to add up all of the expenditures that occurred in that year and divide the total by the number of months in which those expenditures occurred. The expenditures that occurred in 2024 were $205,000 on January 1, $306,000 on September 1, and $306,000 on December 31, for a total of $817,000. There were 12 months in 2024, but expenditures only occurred in 3 of those months,
so the average accumulated expenditures for 2024 would be:
$817,000 / 3 months = $272,333.33 per month.
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When does a decrease in supply raise the price more: When demand is elastic or when demand is inelastic? When
OPEC decreases the supply of oil, the price of gasoline skyrockets. Hence is the demand for gasoline elastic or inelastic?
In general, the regulation of deliver and call for states that the charge of any item will increase if call for for it increases or the deliver for it decreases.
The required details for law of supply and demand in given paragraph
The regulation of deliver and call for combines essential monetary ideas describing how adjustments within side the charge of a useful resource, commodity, or product have an effect on its deliver and call for. As the charge increases, deliver rises even as call for declines. Conversely, because the charge drops deliver constricts even as call for grows. Levels of deliver and call for for various expenses may be plotted on a graph as curves. The intersection of those curves marks the equilibrium, or market-clearing charge at which call for equals deliver, and represents the procedure of charge discovery within side the marketplace. The regulation of call for holds that the call for stage for a product or a useful resource will decline as its charge rises, and upward thrust because the charge drops. Conversely, the regulation of deliver says better expenses enhance deliver of an monetary excellent even as decrease ones have a tendency to decrease it. A market-clearing charge balances deliver and call for, and may be graphically represented because the intersection of the deliver and call for curves.
The diploma to which adjustments in charge translate into adjustments in call for and deliver is referred to as the product's charge elasticity. Demand for simple requirements is distinctly inelastic, which means it's far much less conscious of adjustments of their charge.
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a farm has separate quality assurance employees that check the quality of the food product before distribution. this is an example of what type of control?
A farm has separate quality assurance employees that check the quality of the food product before distribution. This is an example of Quality Control.
Quality Control is the process of verifying that a product or service meets certain predetermined standards of quality. It is a system of activities and techniques used to ensure that the outputs of a process meet the required quality standards. Quality Control is essential for any product or service to be successful in the market.
Quality Control involves the use of various tools and techniques to measure, inspect and test the product or service for any defects, inconsistencies, or non-conformance to the required standards. Quality control activities include inspection, testing, measurement, documentation, validation, and verification. Quality Control is an integral part of the production process and it is important to ensure that all the products and services meet the highest quality standards.
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the rent for 2-bedroom apartments in las vegas rose from an average of $954 in june 2017 to $1,038 in june 2018. demand for 2-bedroom apartments in las vegas was rising during this period as well. this is hard to explain because the law of demand says that higher prices should lead to lower demand. do you agree or disagree? explain your answer.
Disagree, the law of demand states that there is an inverse relationship between the price and the quantity demanded and not the demand. The quantity demanded and the demand are two different things, the quantity demanded only changes with the changes in the price and the demand changes due to the non-price factors such as income, tastes and preferences, price of the other commodities etc. It is to be noted that, other things holding constant an increase in the demand can increase both the price and the quantity demanded of 2 bed room apartments . Here the demand has changed and that caused the price to increase.
Demand is the consumer's desire to purchase a specific good or provider. market demand is the demand for a specific good in the market. aggregate call for is the full call for for goods and offerings within the economy. demand and deliver suit determines the fee of the good or service.
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If a business decides to act outside of the prevailing ethical norms of that community.
Normative ethics is the domain of ethics that Ingrid's views represent. if a company decides to act unethically in the eyes of the general public.
What is Normative ethics?Normative ethics is a branch of moral philosophy that is concerned with defining what is ethically right and wrong. It entails the creation of moral guidelines that have a direct bearing on how people should behave in their personal lives, communities, and institutional settings. It is commonly contrasted with theoretical ethics, or the fundamental level, which is focused in the nature rather than the content of ethical theories & moral judgments, as well as applied ethics, or the application of ethical theory to practical situations.
The branch of philosophical ethics known as normative ethics examines questions about moral behavior. It is the study of moral conduct.
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when a firm has fixed operating costs, operating leverage is present. in that case, an increase in sales results in a more-than-proportional increase in ebit, and a decrease in sales results in a more-than-proportional decrease in ebit. t or f
The answer is false. Rent and lease costs, salaries, utility bills, insurance, and loan repayments are all examples of fixed costs. Some taxes, such as business licences, are also fixed costs.
Because you must pay fixed costs regardless of how much you sell, you should exercise caution when adding fixed costs to your small business. Overhead insurance to indirect or fixed costs and is commonly referred to as operating expenses. They are referred to as indirect because they are not directly related to the production or sale of goods and services. Because operating costs are fixed, they do not vary with sales volume.
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a bond that guarantees that all labor and materials, for the project will be paid by the contractor upon completion of the work is called a
A bond that guarantees that all labor and materials, for the project will be paid by the contractor upon completion of the work is called a payment bond.
What do you understand by payment bond?
A certain sort of surety bond called a "payment bond" is given to contractors as an assurance that all parties associated with the project will receive payment. A payment surety bond is a specific kind of bond that ensures certain employees, suppliers, and subcontractors are safeguarded against non-payment. These are also referred to by the common labels "construction" and "labour and material". These bonds are occasionally referred to as "Miller Act Bonds" in government contracting.
Either conditional or unconditional private construction bonds are available. A property owner is completely shielded from having a lien put on their property under an unconditional payment guarantee. Due to the possibility of a construction lien being put on the owner's property, conditional sureties (also known as "pay when paid" provisions) offer the owner very minimal security.
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What is the reported annual value of nike’s deal to sponsor the french football federation?.
Answer: 42.6 million per year.
Explanation: Hope This Helps, Have A Nice Day. <3
which type of security guarantees preferred stockholders payment of missed dividends before any dividends are paid to common stockholders?
A type of preferred stock known as a "guaranteed stock" is issued by a company whose dividends are guaranteed by one or more other businesses or banks.
The guarantors are obligated to distribute dividends to stockholders if the issuer of guaranteed stock defaults.
What exactly are assured dividends?
A dividend that a company is required to pay out on its preferred stock is known as a "guaranteed dividend." Since guaranteed dividends are typically cumulative, a company cannot pay dividends on common stock until preferred stockholders are satisfied in full if it misses a payment.
How can I acquire 1,000 dividends per month?
You would need to make an initial investment of $600,000 in a market with a yield of 2% to consistently receive dividend payments of $12,000 per year (or $1,000 per month).
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what dimension of the business use of cloud systems focus on the benefits of rapid deployment, on-demand provisioning, and disaster recovery?
cloud offerings are analyzed by distinctive factors referred to as dimensions and five dimensions are proposed (i.e., Contractual, Financial, Compliance, Operation, and Technical).
How cloud computing is used in business?Cloud-based structures allow giant organization corporations to build, test and install applications, and store, lower back up, and recover data. Types of cloud-based structures include: Public cloud: Third-party carriers that deliver computing assets over the web for a couple of businesses.
What are two advantages of a cloud based totally system?Speed to market: Developing in the cloud permits customers to get their applications to market quickly. Data security: Hardware failures do no longer result in information loss because of networked backups. Savings on equipment: Cloud computing uses faraway resources, saving groups the cost of servers and different equipment.
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Example of diligence:
Example of the opposite of diligence:
Why does your employer want you to demonstrate diligence?
Answer:
Explanation:
An example of diligence would be taking your time, putting in effort on a work presentation you have to present during a meeting.
An example of the opposite of diligence would be sloppily running through your presentation, not caring what it looks like, and not checking grammar or punctuation.
So that when you are given an assignment or a task you can complete it without your boss worrying that it's not gonna be up to standards.
it is beneficial for the marketing manager and the market researcher to have some sort of model in mind when designing a research plan. true false
Imitation is the act of replicating behavior that has been observed and learned.
It is not beneficial to have an effective purpose when setting goals?True imitation happens when an animal copies a behavior of imitate it has never before engaged in and when it does so in a way that is exceptional for its species. When they do this, students evaluate if the circumstance is imitate appropriate for reproducing the action and whether they are likely to succeed in carrying it out. Humans pick up habits from other individuals and copy them. Models are the persons being studied, and imitate modeling is the term used to describe the learning process. This activity would likely not have been picked up by the animal without witnessing another animal engaging in it.In economics, the price system of a competitive market is capable of supplying all the goods and services of an economy. However, there are some situations where this is not possible, these are known as market failures.For example, street light and a city's sewer are market failures. It is not profitable for a company to dedicate itself to lighting in the street, because it would invest a lot of money but nothing would come in and in the end it would fail. Therefore, the government is responsible for performing these tasks, covering market failures.To learn more about imitate refer to:
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if sales are $420,000, variable costs are 60% of sales, and operating income is $64,000, what is the contribution margin ratio?
The contribution margin ratio is 40%.100% of the sales. Therefore, a 60% reduction in variable expenses results in a 40% contribution margin.
What is contribution margin ratio?⇒ The incremental profit made on each sold unit of a product is represented by the contribution margin, which is the revenue from a product less direct variable costs.
The contribution margin is the amount of income that is still available after deducting the associated variable costs in order to cover fixed costs and other non-operating expenses.
Margin of Contribution = (Sales Income - Total Variable Costs)
A business's contribution margin ratio is calculated by dividing its total revenue by its variable costs.
Sales Income - All Variable Costs = Contribution Margin Ratio / Sales Revenue
The marginal gain from manufacturing one extra unit is indicated by the contribution margin ratio.
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taxpayers should not be expected to prop up any theatres or museums that cannot survive on a commercial basis. t or f
The correct answer is true. The taxpayers should not be expected to prop up any theatres or museums that cannot survive on a commercial basis.
Who is a taxpayer?A taxpayer is anyone who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation.
Governments primarily obtain their funding through taxes, which are levied on both citizens and companies.
Federal and state tax returns must typically be filed and paid by individual taxpayers each year.
Businesses must also submit yearly returns, although they typically budget and make regular anticipated tax payments all year long.
The federal, state, and municipal governments all play a role in enacting and enforcing the U.S. tax system.
The major regulatory body in charge of enforcing the actual income tax laws for both people and businesses is the Internal Revenue Service.
Localized taxes must be implemented and enforced by state and local revenue agencies. People and companies alike need to be mindful of their tax obligations
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the periodic interest rate for a loan with an annual interest rate of 15.98% compounded weekly is 0.3073%, rounded to four decimal places.
The given statement ''the periodic interest rate for a loan with an annual interest rate of 15.98% compounded weekly is 0.3073%, rounded to four decimal places'' is true.
How do you calculate periodic interest rate?The annual interest rate divided by the number of times interest accumulates annually gives us the periodic interest rate. In many bank accounts, for instance, interest is compounded either monthly or even daily.A periodic interest rate is one that can be applied to a loan or earned on an investment over a given time frame. Although interest rates are usually compounded more frequently than once a year, lenders normally quote them on an annual basis.In order to determine a daily periodic rate, divide the annual percentage rate (APR) by 365 days (or 360 days for some businesses), a monthly periodic rate by 12 months, and a quarterly periodic rate by 4.
Given data :
periodic interest rate is annual interest rate divided by the number of times per year interest compounds so,
we have;
Annual interest rate = 15.98%
no.of week in a year= 52
so ;
periodic interest rate=15.98%/52
=0.3073%,
so the given statement is true.
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an is auditor is conducting a compliance test to determine whether controls support management policies and procedures. the test will assist an is auditor in:
To find out if controls upstanders policies and processes, an IS auditor is performing a compliance test. The test will help the auditor: verify that the rule is functioning as intended.
What does an auditor do?The auditor's or reviewer's responsibility is to provide a professional opinion on these financial information. An organisation's financial report can be reviewed or audited to improve member accountability and guarantee that all money received by the group have been properly accounted for.
Is an auditor also a CPA?An auditor is a specialist type of accountant who examines financial statements and confirms the accuracy of other accountants' work. Auditors primarily operate in two contexts:
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a set of standards that companies develop to help provide their employees with guidance about what is appropriate to wear to work is called
A set of standards that companies develop to help provide their employees with guidance about what is appropriate to wear to work is called dress code.
What are Dress Codes?A collection of regulations for the apparel that specific groups of people must wear, typically in writing, is known as a dress code. The appropriate attire depends on the situation, the event, and the aim and is dictated by social expectations and standards.
Last but not least, employees should constantly present themselves neatly and professionally. Everyone is expected to keep themselves tidy and dress in clothing that doesn't have any rips, tears, or other signs of wear. It is against the law to wear garments with inappropriate or offensive patterns or markings. Explicit apparel should be avoided.
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increasing open space on a project helps which of the following green building goals? question 87 options: a) reducing the heat island effect b) reducing the storm water quality c) increasing native plantings d) increasing the building's water efficiency
Reducing the quality of storm water is one of following green construction objectives, according to the question.
Why is it crucial for a firm to save costs?The amount of money the firm has accessible grows when expenditures are decreased. Increased earnings and dividend payments to shareholders can result directly from this, or capital investment may be freed up to support business development or growth.
What do you mean by reducing?Any operation (such as the incorporation of hydrogen or the removal of oxygen) that adds electrons to with an atom or an ion is always followed by the oxidizing of the reduced substance. substitute: decrease. chemical, or reactional, in nature.
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topik is a product that is sprayed on thinning hair and makes the hair appear thicker. the manufacturer considers its potential market to be blue-collar workers who earn less than $30,000 per year, are divorced, and who like to think of themselves as weekend athletes. the manufacturer of topik considers this group to be its:
who like to think of themselves as weekend athletes. the manufacturer of topik considers this group to be its Target Market
What is Target Market?The final customer that a corporation seeks to sell its finished goods to is known as the target market. Target marketing entails segmenting the market into different groups and developing marketing plans for each group in order to increase market share.Try estimating the worth of your goods or services as you get to comprehend your target market. You can contemplate why your ideal customers would find them more enjoyable or practical than rival products.Strategies for Target Markets Multi-segment marketing is one. Targeting more than one market sector is known as multi segment marketing. 2. Targeted marketing. The term "concentrated marketing" describes the practie of focusing all marketing efforts on a specific target area. Three MicrotargetingTo learn more about Target Market refer to:
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if a transaction has been improperly journalized and posted to the ledger, the incorrect journal entry should be corrected with this type of additional journal entry.
If a transaction has been improperly journalized and posted to the ledger, the incorrect journal entry should be corrected with an additional journal entry, called a correcting entry.
What is transaction?⇒An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction. The phrase is also frequently used in business accounting. This straightforward definition might be challenging in corporate bookkeeping. Depending on whether a corporation utilizes accrual accounting or cash accounting, it may record a transaction sooner or later. A transaction entails the exchange of money for a good or service. In terms of corporate accounting, transactions can provide a little bit more of a challenge. Regardless of when payment is received or paid, accrual accounting records a transaction as soon as it is complete.
Smaller businesses tend to employ cash accounting, which only records transactions when cash is received or dispersed.
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offices set up at multiple locations where salespeople can access a wide range of selling technologies are called:
Offices set up at multiple locations where salespeople can access a wide range of selling technologies are called high-tech sales support offices.
Explain sales.A sale is an exchange of goods or services for a predetermined amount of money. A sale is any action that involves giving the buyer possession of a good or service in exchange for cash, to put it another way.
What are sales and marketing?The departments of sales and marketing are essential to every company. They are linked together and act as a trigger to attract funding (profit). While marketing seeks to raise consumer awareness of a business or brand, sales converts that viewing into money by attracting actual customers.
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an office building earns $850,000 per year, and expenses are 35% of that amount. if the property is capitalized at 12%, what is its approximate value
If an office building earns $850,000 per year, and expenses are 35% of that amount and if the property is capitalized at 12%, then the approximate value of that office is $4,604,167.
To solve the above question, we have to first find out the amount spent on expenses which is $850,000 x .35 = $297,500, and then subtract that amount that is the amount spent on expenses from the total amount the office earns which will be, $850,000 - $297,500 = $552,500. Since the property is capitalized at 12% then in order to reach the final answer, take 12% of $552,500, which will be $552,500/12% = $4,604,167 (the approximate value).
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john and andrew plan to participate in the market for many months and decide to collude in order to maximize joint profits. what will be the outcome?
The result will be maximum profit if John and Andrew decide to cooperate in order to maximize their combined gains over the course of many months of market participation.
What will occur if the businesses decide to conspire?If the companies decide to work together, they will opt to establish a monopoly production, Qc, and set a price, Pc, based on the market's demand curve. They will produce where MR = MC and so increase industry profits, just like a true monopoly would.
What occurs when oligopolies collaborate?A market's pricing or output level may be fixed by enterprises in an oligopoly in an effort to increase industry profits. In the worst case scenario, the conspiring businesses could monopoly authority Self-interested oligopolists would generate greater output than monopolists and charge less for it.
What results from collusion?Collusion is a non-competitive, secret, and occasionally illegal agreement between rivals with the intention of upsetting the market's equilibrium. When parties that would typically compete with one another choose to work together instead in order to gain an unfair competitive advantage, this is called collusion.
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Malcolm said that he has no choice but to go ahead with the website changes. This suggests his power is lessened due to a low level of
Multiple Choice
A. discretion.
B. substitutability.
C. visibility.
D. centrality.
E. reference.
Malcolm claimed he was forced to move forward with the website revisions. This means his strength is limited owing to a low degree visibility. The correct option is (c). visibility.
Why is visibility important?The distance at which an item or light may be clearly observed is known as visibility. It does not alter independent of ambient light or the time of day since it depends on how clear the air is around it. It facilitates your introduction to a larger audience. Increase brand recognition to let people know who your are and how you can help them. Establish your authority and knowledge.
Visibility at ranges where objects & lights are plainly visible is greatly reduced (from the driver's seat). Tall structures, big vehicles on the road, trees, bends, and other roadside items that block the driver's view can all contribute to poor sight.
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You own a men's clothing store. A sign in your store advertises three shirts for $30.39. Not counting sales tax on clothing, how much would you charge a customer who needs only two shirts.
This is a question in one of my intro to buisness and marketing assignments i am working on so please help me ASAP.
Thanks!
20.26 dollars charge a customer who needs only two shirts.
What is marketing?Marketing, to put it simply, is the process of luring new customers and clients to a business's goods or services. an item or service. In a word, it is an endeavor designed to promote a business's goods.
Price of three shirts = 30.39 dollars
Price of shirt = (price of 3 shirts) / 3 Price of shirt
= (30.39 dollars / 3 Price of shirt
= 10.13 dollars
Price of two shirts = (price of 1 shirt) x (number of shirts) Price of two shirts
= 10.13 dollars x 2 price of 2 shirts
= 20.26 dollars
The customer should be charged $20.26 even if they only want to purchase two shirts.
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which would be an example of an organizational occupational crime? question 13 options: the police chief allows an illegal business to continue for a portion of the profit. the manager of a high-end clothing store tries on an outfit while at work and wears it home. a tobacco company knows that its cigarettes are addictive but nevertheless, advertises them as safe. the regional manager of a janitorial supply company slyly bills his customers $10 more per visit, boosting his branch's profit.
An example of an organizational occupational crime is when the police chief allows an illegal business to continue for a portion of the profit. The Option A is correct.
What is an Occupational Crime?In law, occupational crime means any criminal activity that an individual commits in the course of their legal occupation. An occupational crimes also mean crimes committed by an individual while they are working or at their workplace.
In most cases, these crime is committed by abusing existing system structures in the workplace and may be committed by one or more than one person, depending on the crime.
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Explanation: Gradpoint