The table shows the cost of a fixed basket of goods that a typical urban consumer would buy in the economy of Kindleberger.The base period for the consumer price index (CPI) is the year 2000. Please specify answers to two decimal places.YearCost of a basket of goods2000$7,150.002011$7,500.002012$5,725.00What is the CPI for 2000?CPI for 2000:What is the CPI for 2011?CPI for 2011:What is the CPI for 2012?CPI for 2012:

CPI represents the shopper value list and measures the continuous difference in the expenses of…

Answered: The table shows the cost of a fixed…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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(A forward buying problem) A major pharmaceutical wholesaler buys brand drugs from a manufacturer at wholesale prices and sells them to pharmacies at retail prices. It estimates that the wholesale (W) price, the retail (R) priceand pharmacy sales for a blockbuster drug follow this trend: Month 1 2 3 4 5 6 W price($/unit) 40 45 55 60 65 70 R price($/unit) 80 90 110 120 130 140 Demand (in units) 20 million 30 million 45 million 60 million 75 million 95 million The inventory carrying cost for one unit for one month is $2. Assume enough storage capacity and zero initial inventory, how should the wholesaler take advantage of the price and demand fluctuation to maximize its profit?
Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student’s annual purchases. Suppose the following table shows information on the market basket for the CSPI and the prices of each of the goods in 2017, 2018, and 2019. The cost of each item in the basket and the total cost of the basket are shown for 2017. Perform these same calculations for 2018 and 2019, and enter the results in the following table. **THE TABLE IS ATTACHED** Suppose the base year for this price index is 2017. In the last row of the table, calculate and enter the value of the CSPI for the remaining years. Between 2017 and 2018, the CSPI increased by_____%. Between 2018 and 2019, the CSPI increased by______%. Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply. A. Energy drinks became increasingly popular on college campuses between…
Get the Fuel prices in Oman (Gasoline 95 (Super)) for 12 continuous months. You can choose any year, then find the following: a. Screenshot of the data b. Measurements of central tendency. c. Measurements of Dispersion d. Comment on data. A student must write about his observation on price of oil over period of time.
The world is in a pandemic situation with the outbreak of coronavirus (COVID -19). Due to this, there is a need for people to use face masks and hand sanitizers in order to maintain hygiene and to avoid the spread of this disease. Many companies that manufacture and pharmacies that sell face masks and hand sanitizers across the world are using this as an opportunity to increase the price of these products. They are also creating temporary shortage to create a panic among the people. Questions: a. If you own a company that manufactures face masks and hand sanitizers, explain five ethical principles your company can follow to help your country and society. (1.5 Marks) b. With the increasing number of COVID-19 cases globally every day, being a responsible citizen of this country, prepare five guidelines that all your employees must follow that will help Oman protect itself from such pandemic situations in the future. (2 Marks) c. Identify the unethical practices that such companies are…
Size of the Warehouse Good Market ($) Fair Market ($) Poor Market ($) Small 40,000 18,000 -10,000 Medium 80,000 90,000 -20,000 Large Very Large 100,000 350,000 175,000 -40,000 -160,000 25,000 Probabilities 0.35 0.45 0.20
Imagine a vending machine that would charge more for hot drinks—coffee, tea, and cocoa—during cold weather. What is your opinion of a temperature-sensitive vending machine? Consumers who live in colder climates might pay more over a longer time period each year than consumers who live in warmer climates. Would your opinion change if alternatives were nearby, such as a convenience store or a vending machine that is not temperature-sensitive? Do you think such a machine would be successful? Why or why not?
Estimating Costs in an Uncertain Environment Many companies face increasingly unpredictable costs and revenues as the recession affects demand for products and the costs of materials and labor for these products. Revenues and costs have fluctuated significantly in recent years for such cost elements as fuel, labor, commodities (agricultural commodities, metals, etc.), interest, and rent expense, among others. Dealing with the increased fluctuations requires cost estimation methods that are more sophisticated and more frequently updated. The result is that companies are including in their cost estimation additional independent variables. Moreover, these companies are updating their estimation models more frequently. For example, Southwest Airlines updates its revenue prediction model on a daily basis. Required Consider Southwest Airlines and the following six key areas of cost for the company. Which of these costs do you think the airline must update most frequently? Flight crew. Fuel…
Describe two (2) positive and two (2) negative effects, decisions etc., that a rise in the price of animal feed, due to the shortage of soybean meal and corn, may or will have on a typical household in a country.
Why is it usually a bad idea to buy a newly completed condo unit to flip for a quick profit? A In a rising market, condos typically rise in value faster than single family homes B In a rising markets condos typically rise more slowly in value than single family homes C Condos price tend to rise at times when single family houses prices dropping D In a failing market, condos typically drop in value more slowly than single family homes
June is looking into buying her first home. She is shown a number of houses on the market, but the market appears to be sluggish because there are so few buyers. Interest rates are steady and June has several good prospect homes to choose from at reasonable prices. June is in a... O Seller's market O Lender's market O Builder's market O Buyer's market
An electronic appliance manufacturer wants to know if there is a relationship between percentage change in deposable personal income which is reported quarterly by the government, and the percentage change in appliances sold by the manufacturer following same years of quarterly data. Brenda Chee and Clarence Paulus lead an analyst team has obtained data for the past 10 quarters. Table 3 Quarter Percent change in income Percent Change in appliance sold Quarter Percent change in income Percent Change in appliance sold 1 -2.3 -2.5 6 -1.0 1.0 2 -1.5 -1.0 7 0.7 1.4 3 2.8 7.4 8 5.2 3.4 4 0.5 2.6 9 -2.5 -0.5 5 4.6 8.5 10 1.7 1.8 1) What forecasting model should be used for this data.Why? 2) Develop the forecasting model that you have proposed in(a). 3) Compute the relationship for these data. In your opinion, is the relationship between independent variable strong enough to base a predictive the…
An electronic appliance manufacturer wants to know if there is a relationship between percentage change in deposable personal income which is reported quarterly by the government, and the percentage change in appliances sold by the manufacturer following same years of quarterly data. Brenda Chee and Clarence Paulus lead an analyst team has obtained data for the past 10 quarters. (Hint: Provides your answers in two decimal points)Table 1 Quarter % change in income % Change in appliance sold Quarter % change in income % Change in appliance sold 1 -2.3 -2.5 6 -1.0 1.0 2 -1.5 -1.0 7 0.7 1.4 3 2.8 7.4 8 5.2 3.4 4 0.5 2.6 9 -2.5 -0.5 5 4.6 8.5 10 1.7 1.8 (a) Identify which is the dependent variable and independent variable in this case. (b) Develop the forecasting model from this data. (c) Identify the nature of the relationship between two variables based on the data that you have here.

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