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- Discuss the following briefly. 1. Pricing 2. Price 3. Payment 4. Costing 5. Cost Please answer 1-5. Thank you1. identify two other specific industries that use yield management pricing. 2. What are some reasons why the companies in the two industries you've identified use yield management systems? *provide the website linkWhich of the following price adjustment strategies involves reducing prices to reward customer responses such as volume purchases, paying early, or participating in sales-support programs? O a. discount and allowance pricing O b. captive product pricing O c. dynamic pricing O d. product bundle pricing O e. product line pricing A Moving to another question will save this response. « < Question 26 TOSHIBA DEL SNI PAA FB F10 F12 F9 BACK SPACE 7 V 8A99 0 TYYIU
- Pricing strategies are often carried out by companies in the industry to maintain their presence in the industry, especially for companies that have market power. a. What is meant by “Limit Pricing” and “Predatory Pricing”, are the two strategies different, explain the difference if any? b. The "Chain Store Paradox" generally occurs in which price strategy from the possible strategies in question a, explains the paradox?Multiple choice: 1.when a company sets a price for the first time because of: A. Acquires new products, goods or services from an existing company locally or abroad B. Cost and competitors prices C. Maintain old price of a while to gain a strong foothold in a market D. Due to inflation and peso devaluation 2. Key pricing decisions except: A. Merchandise or gift B. Product sample C. An experience D. Price incentives21) The volume packs so typical of the products sold at Costco demonstrate multiple-unit pricing. A) True B) False 22) The geographic pricing arrangement of F.O.B. Destination sees the buyer paying for the costs of the freight. A) True B) False 23) A supplier pays a retailer a shelving allowance for the purpose of securing shelf space. A) True B) False 24) A manufacturer that keeps a record of customer volume and issues cheques at a later date to cover allowances earned over the term of the offer is allowing a discount on the basis of a bill-back. A) True B) False 25) "3/10, net 30" means that a customer whose payment is received 3 to 10 days after reception of the invoice will get a 30% discount. A) True B) False 26) The buying committee turned to the sales manager of a new line of cereals and stated that it would cost the company $50,000 to get the products listed and placed on their store shelves. The buying committee is asking for a slotting allowance.…
- a company is going to launch few health and hygiene related products in the market. However, a friction has evolved betweenmanager and management while finalizing the prices of those products. Management wants to adopt skimming pricing strategy while manager is in favor of penetration. Under such circumstances, how will manager justify his strategy? use hypothetical example(s).PRICING STRATEGY 1. How do sellers will give satisfaction to buyers? 2. What will be the buyers can give to sellers in return? 3. How will the buyer and seller relationship exist or maintain?A gift shop owner purchases items to sell in her store. She purchases a chair for €125 and sells it for €275. Determine the following:(a) euro mark-up(b) mark-up percentage on cost(c) mark-up percentage on selling price
- 2. Describe the concept of a product's VTC. Why is the monetary estimation of this value important for price setting?The airline industry alters the price of its seats based on the type of seat, the number of seats remaining, and the amount of time before the flight departs. This is example of: Select one: a. Basing-point pricing b. Zone pricing c. Dynamic pricing d. FOB-origin pricing Which of the following statements is correct? Select one: a. If the prices of the product are below its costs, profits will boost. b. The pricing strategy suggesting value to the customer and profit to company should be followed. c. If customers perceive that the product is over-priced, they are keener to buy it. d. If customers perceive that a product’s price is lower than its value, they will not buy it.identified Price competitiveness risk and purpose solution using Plan-Do-Check-Act cycle