Trends Inc produces and markets casual wear for men and women. The company wants to be a global brand and is planning to enter a few chosen markets across Europe and Asia
To accommodate the differences in purchasing power and costs of shipping goods to the retailers, the company has decided to use cost-based pricing in each country. In order to ensure that this strategy is successful, Trends must first make sure that ________.
A) all the countries it is planning to enter have similar laws and regulations
B) competing offerings in the different markets are not priced lower
C) all competitors follow cost-based pricing
D) its marketing communication targets rival firms in the respective markets to prove its superiority
E) its transfer prices are high
B
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Murray Products sells 2,100 kayaks per year at a price of $450 per unit
Murray sells in a highly competitive market and uses target pricing. The company has $990,000 of assets and the shareholders wish to make a profit of 17% on assets. Fixed costs are $450,000 per year and cannot be reduced. Assume all products produced are sold. What are the target variable costs? A) $132,040 B) $990,000 C) $776,700 D) $326,700
A broker was found guilty of commingling. The real estate Commission shall have the power to:
A. Impose a fine not to exceed $1,000. B. Impose a fine not to exceed $5,000. C. Imprison the licensee up to one year. D. Imprison the licensee up to five years.