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Why is it necessary to have knowledge of the legislation involved in business?
It is necessary to have knowledge of legislation involved in business because it affects how businesses operate and can affect the prices of goods and services.
What is Economy Pricing?
it is when you increase the price of goods in your economy
How does international trade affect pricing?
International trade affects pricing by introducing competition among producers from different countries, which can lead to lower prices for consumers. It allows access to a wider variety of goods, often at lower costs due to differences in production efficiencies and resource availability. Additionally, currency fluctuations and tariffs can influence pricing dynamics, either increasing costs for imported goods or making domestic products more competitive. Overall, trade can lead to more varied pricing structures based on global supply and demand.
What does predatory pricing mean?
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market
What are the advantages and disadvantages of Predatory Pricing?
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market.
Why is it necessary to have knowledge of the legislation involved in business?
It is necessary to have knowledge of legislation involved in business because it affects how businesses operate and can affect the prices of goods and services.
What is meant by direct control and indirect control?
Direct control is control imposed upon manufacturing, pricing and distribution on certain goods. In direct control, such as credit, affects the economy as a whole and certain goods indirectly.
Which legislation affects how information is used during client consultation?
outline legislation that affects imformation during client consultatin
What legislation directly affects me?
noob
External and internal pricing?
External pricing is pricing of goods and or services that will be sold to out side company's. While internal pricing are prices set to sell goods to another department with in its own company.
People interested in only how legislation affects their region?
Sectionalism
What is Economy Pricing?
it is when you increase the price of goods in your economy
Direct control is when possible extraneous factors are standardized?
Direct control : a control that is directly imposed upon the manufacturing, pricing, and distribution of specific goods in contrast with an indirect or general control (such as a credit and fiscal policy) that affects the economy in its entirety and specific goods only indirectly. True
What legislation most affects the quality of laboratory results and reports?
Clia
How does international trade affect pricing?
International trade affects pricing by introducing competition among producers from different countries, which can lead to lower prices for consumers. It allows access to a wider variety of goods, often at lower costs due to differences in production efficiencies and resource availability. Additionally, currency fluctuations and tariffs can influence pricing dynamics, either increasing costs for imported goods or making domestic products more competitive. Overall, trade can lead to more varied pricing structures based on global supply and demand.
What does predatory pricing mean?
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market
What is the differences between cost-based pricing or market-based pricing?
Cost based pricing uses the costs that were invested in producing the goods. In market based pricing, supply and demand are the key factors that determine price.
