Answer:
A business cycle is the periodic growth and decline of a nation's economy, measured mainly by its GDP. Governments try to manage business cycles by spending, raising or lowering taxes, and adjusting interest rates. Business cycles can affect individuals in a number of ways, from job-hunting to investing.
• at less than the price of the competition.
• higher than the price of the competition.
• at the price consumers are willing to pay.
• at the price that will allow retailers to offer a discount.
Answer:
At the price consumers are willing to pay
Explanation:
For an organization that is just launching a new product, value based pricing which is a strategy that sets price for a product based on what customers think the product or service is worth, rather than actual costs and allows for the consumer to buy the products at the price they are willing to pay. This is determined through market testing and a price is set based on this value. For example, sometimes consumers will pay more for a product if it saves them a lot of time. Value based pricing which allows for the consumer (to buy based on their percieved value for the product and how much they are willing to pay) is a fundamental business activity of developing product strategies and pricing them properly to establish the product within the market.
This concept of pricing is key for a relatively new product within the market, because without the correct price, there would be no sale as setting a price for an average product would be negative on the business as consumer would not buy and setting a low price on a luxury product would likewise have an negative effect as in the long run, the organization may run at loss and business would not be profitable.
The four stages of an economic cycle—also known as a business cycle—are expansion, peak, contraction, and trough. Since 1950, the length of an economic cycle in the United States has generally ranged between five and a half years.
Businesses typically experience a risein sales or demand for their products as the economy grows. To fulfill this rise in demand, they will manufacture more goods and services. Businesses must increase production of goods and services, which necessitates hiring additional personnel.
Understanding business cycles is crucial for success while running a business. A business cycle is the measured expansion and contraction of economic growth over a given time period. It is also referred to as a trade or economic cycle. Business owners can make wise judgments if they have a thorough understanding of business cycles.
To learn more about Business cycle from given link
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b) The interest rate will stay fixed for a period of time, then adjust either up or down based on an index
c) The interest rate can only change twice during the course of the loan
d) An adjustable rate mortgage always includes a balloon payment at the end of the 7th year
Answer:
b
Explanation:
b. $6,500
c. $6,900
d. $0
e. $80,000
Answer:
D) $0
Explanation:
The insurance company paid $250,000 to Grant to cover the loss of his house and that amount was 100% of the fair market value of the house. To calculate any casualty gain or casualty loss the money received form the insurance company should have been either larger or smaller than the fair market value of the house.
Answer: A) Net profit
Explanation:
Corporate sponsorship is a promotional tool in marketing.
The correct answer is option C.
The correct answer is option C. corporate sponsorship. Corporate sponsorship is a marketing approach that involves a company providing financial support to an event or organization in exchange for promotional benefits. It is a form of promotion where the company's name and logo are associated with the event or organization, helping to raise awareness and enhance brand recognition.
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