business brief module 5 MGMT711 final

Got your eye on a new premium 32-inch Samsung television? Well, you better not purchase it in December—that’s when the price was highest on Amazon.com ($500 versus $400 in November or February). Most consumers know that prices fluctuate throughout the year, but did you know they even fluctuate hourly? You probably can’t keep up with that, but there’s an app that can. Camelcamelcamel is a tool that tracks Amazon’s prices for consumers and sends alerts when a price hits thesweet spot. This app allows users to import entire Amazon wish lists and to set desired price levels at which emails or tweets are sent to inform them of the prices. All of this is free. Camel makes its money from an unlikely partner—Amazon—which funnels price data directly to Camel. Camel is a member of Amazon’s affiliate program, kicking back 8.5 percent of sales for each customer Camel refers. It would seem that Amazon would want customers to buy when prices are higher, not lower. But the online behemoth sees…

Define and explain unintended consequences. Give me an example from your personal decision- making that led to unintended consequences. Using the example from the article, identify some of the unintended consequences of using corn to produce ethanol to add to gasoline. Edit View Insert Format Tools Table 12pt v Paragraph | BIU

Got your eye on a new 32-inch Samsung television? Well, you better not purchase it in December—that’s when the price was highest on Amazon.com ($500 versus $400 in November or February). Most consumers know that prices fluctuate throughout the year, but did you know they even fluctuate hourly? You probably can’t keep up with that, but there’s an app that can. Camelcamelcamel is a tool that tracks Amazon’s prices for consumers and sends alerts when a price hits the sweet spot. This app allows users to import entire Amazon wishlists and to set desired price levels at which emails or tweets are sent to inform them of the prices. All of this is free. Camel makes its money from an unlikely partner—Amazon—which funnels price data directly to Camel. Camel is a member of Amazon’s Affiliate program, kicking back 8.5 percent of sales for each customer Camel refers. It would seem that Amazon would want customers to buy when prices are higher, not lower. But the online behemoth sees this as a way…

For Honda Motors, a passenger automobile manufacturer, could an increase in demand for cars or a reduction in price of rubber affect the demand of rubber tyres? What is this type is of demand called? Bring out relationship between various types demand and price in Business markets Explain briefly

In a discussion on Facebook, people were complaining about the high prices of tickets to Major League Baseball Spring Training games. Due to continued concerns about the COVID-19 virus, teams are allowing only a small number of tickets to be sold to each game. According to one comment, “Unfortunately, the reduced supply of tickets has driven up the demand for tickets and so price has gone way up.” Explain whether this statement does or does not make good Economic sense: does a reduced supply drive up demand, leading to an increase in price?

Just hired by Hybrid Air Vehicles to sell the Airlander 10 hybrid-electric airship to businesses, governments, and institutions that want to move cargo to places that lack the infrastructure to receive traditional cargo planes (e.g., the Arctic, rural areas without airstrips, etc). What kinds of information would you provide to the people occupying each of the seven roles in the buying center i.e Initiators,users,Influencers,Deciders,Approvers,Buyers and GateKeepers.

One of the easiest places to see the impact of the Internet on marketing is by looking at its effect on pricing decisions and consumer's perceptions of prices. Since its inception, the World Wide Web (WWW) has developed the reputation as being the place to shop to get the lowest prices. Why has this reputation developed? Why might it be possible to charge lower prices online? Are products really cheaper? To answer this last question, choose two products and find them for sale online (books, CD's, and software work very well). Calculate the total price that would be charged to your credit card, then go to a "brick and mortar" retailer and find prices for the same product there. Make your comparisons. Where is the cheapest place to buy the products that you have selected? What costs go into determining which place you buy your product? Are there any non-financial costs to shopping online? To off-line shopping?

“Switching cost” is one of the ways to reduce buyer power.  Please explain what switching cost exactly means.

The Services industry is one of the most affected by the COVID-19 outbreak, and to be able to hype up the industry, think of new or innovative ways on how to help boost it. With given travel agency in Philippines called: Creative Travel Agency Discuss the proposed pricing strategies of your chosen company and compare them with their direct and indirect competitors. Choose 1 direct and 1 indirect competitor. Do not forget to cite your references/websites.

It was once predicted that the internet would replace large central stores and that within ten years the majority of retail shopping would be done online. However, while online shopping continues to grow year on year, it still accounts for a small proportion of total retail spending. Explain why the early predictions have not been met from both the consumer's and the retailer's perspective.

Describe the concept of price elasticity! Why it is for a monopoly less profitable to act inmarkets with high price elasticity? What can a monopolist or a firm with market power do, inorder to increase the profits? (use graphs)

Read the situation and answer the questions given below. For more than half a century, Walmart has prided itself on providing value to customers by beinga low-price leader. But the consumer mindset is changing. Now “value” also means convenience,ease of finding what you want, and the ability to get exactly what you want when you want it.Nationwide dollar-store chains often have lower prices than Walmart, so that point ofcompetitive advantage is fading. And thanks to Amazon.com and other online retailers,consumers can shop from home whenever they like, compare prices, and know immediately whatis available.Contrast this with the experience many Walmart shoppers previously had when they entered astore—low inventory, disorganized aisles, unhelpful staff, and an overall depressing atmosphere.The company’s online presence was about the same. The site was difficult to navigate andattempts to search for products were frustrating at best and more often fruitless.Named Walmart’s CEO in 2014,…

"Home Shopping" TV channels normally offer products that viewers will not get to see anywhere else. Discuss the implication of this on their product prices.

Please assist with the below and advise on it, thanks

Search about how different businesses are using the following techniques to estimate cost of different areas.– Analysis at the account level