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- a strategy in which the company charges the same price plus freight to all customers, regardless of their location is related to: Select one: a. Freight-absorption pricing b. Zone pricing c.Uniform-delivered pricing d. FOB pricingFor the following scenarios, suggest a pricing strategies and justify why that strategy is most suitable for that business. Scenario 4: Thamid is a reputable independent financial advisor that specialises in investment advice to wealthy individuals with a net worth of over $1 million. Scenario 5: Maurice is a well-established roofer within his local area. However he is wanting to expand and gain new customers in the neighbouring town, where he currently is relatively unknown. Scenario 6: Diana is transforming her home-based invitation business to a small shop in a retail district. She will be providing the first of its kind “eco-invitation”. The invitation (when the individual is done with it) can be planted in a pot to grow into a beautiful flower hence reducing the paper waste.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.
- Yamini a home science graduate from a reputed college has recently done a cookery course. She wished to start her own venture with the goal to provide 'health food' at a reasonable price. She discussed her idea with her teacher (mentor) who encouraged her. After analyzing various options for starting her business venture, they shortlisted the option to sell ready-made and 'ready-to-make' vegetable shakes and sattu milkshakes. Then they both weighed the pros and cons of both the shortlisted options. 1. Name the function of management being discussed above and give any one of its characteristics. 2. Also briefly discuss any five limitations the function discussed in the caseThe Batu Pahat Kayak Company has these awesome new kayaks they are going to introduce to the market. They are a new company and need help in determining pricing, costs and how many kayaks they will need to sell in a month to break even. They are looking to you to help them determine if the selling price and costs will help them to reach their goals. They give you the following information shown in Table Q4(b) to work with; COST (RM) 500 NO. ITEMS Price per kayak Variable cost per kayak Fixed cost per month 1 2 225 7,700 (i) Determine the breakeven point. Batu Pahat Kayak has a few investors who are interested in getting a return on their investment. They have talked with your supervisor, and between them all, would like to get RM 30,000 a month in profit to divide between them. Calculate how many kayaks need to be sold in order to get the investors their return. (11 (ii1) Determine how much in sales do we need.Choose the correct option and answer: 1) In which of the following circumstances is godown is not required to store the goods ? a) Seasonal Demand b) customized production c) Perishable goods d) Raw material-seasonal 2) Which service is most beneficial in coastal area ? a) Daily service b) Ferry service c) private service d) tourism service 3) Which of the following is not included in non-financial transactions done by bank ? a) to give bank statement b) cheque book issue c) issue pass book d) issue demand draft 4) What does bank do to pay the money whose name is written in draft ? a) Orderr b) Instruct c) request d) insist 5) What is required for online sale,banking and transportation ? a) B2B b) B2C c) C2B d) C2C
- ety (Dr. Faui & Dr. Ellas) Studėnts Which of the following is not an advantage of an Internet pharmacy as compared with a traditional pharmacy? Select one: O Patients can pay for their medications with VISA O There is less intimidation for patients in ordering sensitive medications O It is more convenient to use an Internet pharmacy. O Patients can find price comparison easier online Nex Jump to... Dr. Fadi C へ G 31The base price of the crossover SUV Toyota RAV4 is $40,300. Popular luxury sport utility car the Lexus NX450h+ had a starting price of $58,550. Despite coming from the same automaker, the pricing objective of the Toyota and Lexus brand is different. a. Discuss five (5) pricing objectives that the organisation pursue b. Based on the case, analyse the pricing objective for Toyot c. Based on the case, analyse the pricing objectives for Lexu s.a.s.Lexus.6. Laura is trying to decide whether to sell her knitted hats on Etsy, at a holiday bazaar, or in a local boutique. Demand could be 0 hats/month, 10 hats/month, or 20 hats/month. Given the payoff matrix below, what is her decision under equally likely? Demand = 0 Demand = 10 Demand = 20 Etsy -$70 $80 $230 Bazaar -$60 $90 $240 Boutique -$80 $70 $220 Select one: a. Etsy and boutique. b. Etsy only. c. Etsy and bazaar. d. Bazaar and boutique. e. All 3 are equally good. f. Bazaar only. g. None of them are good options. h. Boutique only.
- 10. Questionable business practices according to antitrust agencies Complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or bundling. Resale Price Maintenance Predatory Pricing Scenario SnapFace is a firm that manufactures polaroid cameras. Suppose SnapFace sells its polaroid cameras to online retailers for $166 each and requires those online retailers to charge at least $176 to shoppers for each polaroid camera. Warm Winds is the only firm producing space heaters. It costs $1,500 to produce one space heater, and Warm Winds sells each space heater for $2,100. After Breezy Hut, a new firm with the same costs as Warm Winds, enters the market for space heaters, Warm Winds starts selling its space heaters for a price of $800. Hynes sells a wide variety of condiments to retail grocery stores. Hynes recently developed two new condiments: a popular barbacuffalo and a much less popular green ketchup. Hynes requires…Alligator, Inc. is a shoe designer, manufacturer, and distributor that launched its business in 2012. Although the company operates globally, its headquarters location is in Arteixo, Galicia, Spain, which coincidentally is the central location for Zara, the flagship chain store of the Inditex group, the world’s largest apparel retailer. The best-selling brand of Alligator, Inc. is its GatorsTM model, which is a market leader in the funky, brightly colored, lightweight success is related also to the fact that each pair shoe market that has enjoyed unexpectedly high demand in recent years. Made of a highly resilient, space-age plastics material, GatorsTM includes “one-size fits all” orthotics to meet the needs of individual consumers. Alligator, Inc. has patented the processes relating to the manufacture of the orthotics, and the overall value of this product innovation is similar to the way in which the super-secret formula for Coke is valuable to Coca-Cola, Inc. The Alligator supply…For the following scenarios suggest a pricing strategy and justify why that strategy is most suitable for that business. Scenario 1 Corey has just launched an online business selling customized hoodies. The hoodies are high quality and made uniquely for each individual customer. He sells them solely online through his Shopify store. Highlight the correct answer. a. Penetration pricing b. Economy pricing c. Price skimming d. Psychological pricing e. Premium pricing f. Competitor pricing g. Cost plus pricing Scenario 2 Ellie writes eBooks for people in business and has a very reputable name but is branching out to follow her passion of writing eBooks for children. This is a highly competitive market where her name as an author is not known. Highlight the correct answer. a. Penetration pricing b. Economy pricing c. Price skimming d. Psychological pricing e. Premium pricing f. Competitor pricing g. Cost plus pricing Scenario 3 Maurice is a well-established roofer within…
