Q: Which of these does not increase the customer's willingness to pay? Price Product Features Brand…
A: The buyer's willingness to pay - It is the greatest that they would pay for a specific item. It very…
Q: A manufacturer using ________ is setting a high price so that quality-or status-conscious consumers…
A: There are various price strategies that are used by the different corporations according to their…
Q: In this method a price reduction is given to customers based on the quantity of their purchase. a.…
A: if we talk about discounts and allowances so we can say that are reductions to a basic price of…
Q: German discount supermarket chains with over 10,000 stores keeps costs low so that it can offer…
A: The question is related to Pricing the product.
Q: explain the major factors that you will consider in procuring a point of sale software for retail…
A: It is extremely crucial to have the right Point of sale (POS) software for the retail outlet or…
Q: Utility expenses are considered as indirect cost. Select one: O True O False
A: Correct Option: (a) True Utility expenses are considered as indirect cost.
Q: WatchandGo.com is such OTT (over-the-top) platform that offers digital content over the Internet.…
A: CRM stands for customer relationship management. It is the strategy and technique of the…
Q: Draw a goods and services spectrum, and determine where to place the following products along the…
A: The goods and service spectrum which is used to describe where to place the following products are…
Q: Why should a purchaser avoid ordering more products than necessary
A: The purchaser should order the optimal number of orders that could reduce the total inventory costs,…
Q: Explain in detail an appropriate online business revenue model suited for Doggie Treats. Include in…
A: Types of online business revenue model: 1. Subscriptions online business revenue model is usually…
Q: Do the following interpretations have ethical ramifications? Companies owe it to their customers and…
A: Ethical ramification means the positive or negative consequences of making particular choices as per…
Q: Question: Costing in Operations Management: There are numerous concepts of costs covered in…
A: Marginal costing is a method where the variable costs are recognized as the product cost. The fixed…
Q: Which of the following pertains to the cost that varies as the level of products and services…
A: Total Cost = Fixed Cost + Variable Cost. Marginal cost of production is the additional cost of…
Q: Comment on “Price is a measure of the product’s quality and performance.” Prove your answer and cite…
A: PRICE: Price refers to the actual amount paid by the customers in exchange for the goods or…
Q: A price that is too low may not generate enough interest or have enough of a margin for profit. Set…
A: A price that is too low may not generate enough interest or have enough of a margin for profit. Set…
Q: Price: What is the price for coca-cola
A: PRICING STRATEGY OF COCA COLA The amount of money charged for a product or service, or sum of the…
Q: Suppose you are E-commerce consultant in a multinational company. A company offers customers…
A: The buying and selling of goods and services and transferring of funds by using the internet are…
Q: Which cost drivers and/or value drivers are important for creating superior total economic value for…
A: Nestle corporation: Nestle corporation is the largest food corporation in the country. It deals with…
Q: Perform an Internet search to obtain information about slotting fees. Make a list of at least 5…
A: What is Manufacturer's A manufacturer is a person or organization that develops finished goods from…
Q: A retailer wants to understand the relationship between the sales units (in number of units) of a…
A: Here, the retailer wants to understand the relationship between the sales units of a new product and…
Q: Price is the only element in the marketing mix that produces revenue. O True O False
A: MARKETING MIX: It is the combination of marketing tools that the company uses to achieve its…
Q: Explain how brand of a commonly purchased consumers packaged good, such as toilet tissue, could be…
A: Price skimming is a pricing technique in which a company charges the highest possible price for a…
Q: required: *Discuss the advantages and disadvantages of private company*. please answer this question…
A: The business could be established with different structures of ownership. These are sole…
Q: particularly low price and is widely advertised. When coming to buy the item, consumers a
A: The bait prices are the unscrupulous promoting strategy that includes attracting purchasers with the…
Q: Why or why not should food and wine be in a similar price range when matching them
A: Price is more of a psychological concept where it acts as a perceived value in the eyes of the…
Q: Suppose that you have a service business such as house painting. Describe how you would use…
A: Cost plus pricing is used to determine the price of an offering. Cost plus pricing simply adds a…
Q: All of these statements about price are true except which? Multiple Choice The price must…
A: Price can be defined as some compensation (in monetary terms) that is given by an individual to…
Q: nk, and a variety of items that feature its popular logo, Eskimo Joe's offers its customers a…
A: Customers may get a useful experience at Eskimo Joe's Market in addition to food, drink, and a wide…
Q: A pilot for a private jet stops for refueling in San Antonio. Topper Fuels offers him a case of…
A: It has been given that the fuel charges for the private jet is $423 and for other maintenace the…
Q: Explain why a product or service’s contribution (selling price minus variable cost) is an important…
A: The product and service plays a very important role in creating right marketing decisions. It plays…
Q: What is Best Buy nationwide Target Markets this includes what is its____ Current Targeting Brand…
A: Customers' current perceptions of a brand are referred to as brand image. It expresses the current…
Q: How do I get the channels of distribution, pricing, and promotion of a trash can? What will the…
A: Marketing mix helps in identifying the need gaps and tries to fulfill them with most suitable…
Q: Pricing Scenario: You just won a new laptop in a contest, and you decide to sell your old one. You…
A: Laptop is not a necessary good, so its demand is elastic. More the change in price will lead to more…
Q: Market skimming pricing refers to which of the following? O a. Offering low price in the beginning…
A: Market skimming pricing is a strategy that involves pricing the services or the products relatively…
Q: IS. The following are determinants of demand for transport service except: (a) Amount of lead time…
A: Transport demand is about the development of individuals and products and we go to fulfill a need…
Q: The seller's cost of delivering goods to customers. a. Freight-out b. Freight-in c. Freight-good…
A: Freight refers to a cargo or products conveyed through a vehicle or different mediums of…
Q: multichannel and omnichannel in terms of 5 stages of customer journey . How can you use omnichannel…
A: The difference between omnichannel and multichannel is discussed as-
Q: cost-plus pricing in developing an estimate for a potential customer.
A: Cost plus pricing is used to determine the selling price of an offering. A markup is added to the…
Q: Lily used to make customized mugs for her customers. She bought regular mugs, painted designs on…
A: Marketing is said to activities which is performed with intention to build strong product awareness…
Q: How will profit be affected if the individual firms. Increased price
A: Achieving higher profit is one of the major goal of any organisation. different…
Q: Price/quality positioning positions products and services as offering the best value for the money.…
A: Various tasks and activities are being done in an organization. The marketing department has the…
Q: Most companies offer basic products to groups of customers and at almost the same prices, which…
A: Products refers to the solutions seeked by the customer. The products and service are the offerings…
Q: A tech store announced a 20% Mark up on all devices. If the original price of a mobile phone is AED…
A: Here, the correct answer is AED 4,380 Markup costing is a costing technique within which the price…
Q: Home Shopping" TV channels normally offer products that viewers will not get to see anywhere else.…
A: The home shopping Tv channels normally have unique strategy of marketing and various promotional…
Q: What do we call the electronic pricing method, which depends on the time basis in payment, in…
A: In this multiple choice question we need to choose the last option that is: d. Sales model
Should prices reflect only the cost of making a product or delivering a service? Explain?
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- Explain who sets / drives prices in restaurants? Is it the the customers and/or suppliers?How does price relate to value in the eyes of a customer?Be prepared to discuss the following, supporting your arguments with biblical principles that apply: How to set prices that are just and fair that allow firms to pay employees well, but still make a profit. How to advertise and promote one’s product/service in a way that truly represents the value/performance of the product/service.
- What is the relationship between gross variable costs, total fixed costs, average variable costs, and average fixed costs when the cost driver changes?Do the following interpretations have ethical ramifications? Companies owe it to their customers and shareholders to hire the world's greatest people for the lowest possible price.A study indicated that the optimal price for a consumer product is $32.45. Most products in the market sell for $29.99. What price would you suggest to retailers for selling the product and why? A haute cuisine restaurant is opening down the street, and its owner asks you for advise on pricing. Should you suggest that the restaurant price an appetizer at $6.99 or $7, and why?
- Comment on “Price is a measure of the product’s quality and performance.” Prove your answer and cite examples.2. Customers take into account various factors beyond just the monetary value when evaluating the worth of a product or service. The concept of 'Total Value' involves considering the overall perceived benefits in relation to the overall perceived price. Demonstrate your understanding of this concept by discussing the following scenarios, and for each, assess the Total Benefits and Total Price a Customer may consider: A Vehicle A Haircut A Laptop A Degree A ShoeHow does off-peak pricing influence demand forservices?
- How much does price influence your decision to buy? Does it depend on the product? What services or products are you willing to pay more? Finally, what product categories are you willing to buy generic and hence pay a lower price?What is an external factor that affects the price that a busienss charges for its products? Operating costs Variable expenses Economic conditions Employee benefitsSome people claim firms should not sell products at prices below costs. Describe several problems with this principle.