2. A company has a markup rate of 38 % of the selling price. The product of the company sells for 120 euros. If the profit is 28 % of the costs of the product, how much are the expenses per product?
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- 1. At a local Bed and Bath Superstore, the manager knows her customers will pay no more than $390 for a bedspread. The company wants a 40% markup on selling price. What is the most that the company can pay for a bedspread to realize the required markup?A property sold for 180% of what the vendors originally paid for it. What was that original price if the recent selling price was $810,000 ?You are in the train station waiting for your train to arrive. You see a vending machine from where youcan buy snacks and chips for $3.50. Posted on the machine is a sign saying: “Property of XYZVendsolutions Pty Ltd”. You insert the coins required into the machine and out comes a packet ofchips. However, when you open the packet of chips, you find bits of plastic inside and you don’t wantto eat the chips. You want your money back.Required:With reference to the essential elements for the formation of a contract, explain:a) Did you enter into a contract in this scenario? b) If yes, with whom did you enter a contract? I know the answer, but need help in more detailed information on both a and b.
- i will 10 upvotes urgent Which of the following statements correctly describes Veblen Goods? (a) These are the goods for which demand increases as the price increases. (b) These are the goods with no opportunity cost. (c) These are the inferior goods whose demand remains constant irrespective f change in prices. (d) These are the goods for which demand increases as the prices fall.121) The difference between what a consumer would be willing to pay and the price actually paid is referred to as: a) Consumer’s demand b) Consumer’s surplus c) Supplier surplus d) Supplier demand5. A product that regularly sells for 425 is marked down to 318.75. What is the markdown rate? 6. A product is marked down 15%; the sale price is 127.46. What was the original price?
- A 10-pound granulated white sugar costs $7.69, how much is the as-purchase price cost per pound?On Sunday morning, a major international news organization broke a story that the company who manufactures three critical custom John Deere parts is treating their employees as slave-labor. To compound problems, a terrorist group launched an attack in a Middle Eastern country where the back-up supplier is located. The back-up supplier’s factory was badly damaged by a bomb and will be out of commission for at least 12 months. The “good news” is that they will sell you one-month of parts at 1000% the normal price. The final challenge is that the US government in January 2022 will require tracking and auditing on manufacturing inputs purchased abroad, which means that John Deere will have to devote extra company resources to maintaining compliance. Discuss options for addressing this situation in the short-term and long-term. Put together detailed strategic recommendations for managing future costs and risks over the next 5 years(Branding; Production; Sales; etc.1- Which one of the following scenarios best describes "demand"? a. Ashraf wants the product and has ability to pay for it. b. Yaqdhan likes the design but not the price of a product. c. Khalid has money but does not like the product. d. Muadh sells cheap products.
- A firm wants to stop its sales agents from pricing too aggressively to make sales by requiring the agent to obtain a marketing manager’s permission to reduce price below a specific threshold. This solution would only work if a) The marketing manager has no information about the matter at hand b) The marketing manager can only get all the information on the case from the sales agent c) Enough unbiased information is transferred to the manager to prevent an unprofitable price reduction d) All of the above Please clearly explain your answerCorporation XYZ manufactures gadgets at a cost of 24.04 per unit. The market can accept several thousand items if the price was zero. The market will not be able to buy any items at the price of 118.08. What is the optimal price to sell items under these conditions?Explain how a brand of a commonly purchased consumer packaged goods, such as toilet tissue, could be skim-priced? A service provider has decided to charge his customers P5, 000 for every upholstery cleaning service. The customer thinks that it is a steal , since the service provider is doing a great job and thinks that it could have costed them at least P7, 000 had they agreed to the first service provider that they went to. The total cost to the provider is P2, 000 which include the cleaning materials and labor. Identify the ceiling price and floor price of the service. Should the service provider decide to increase his price to P6, 500, do you think it is still acceptable to the customer? Why? Give an example of a situation where a price that is low with respect to the product’s VTC would not serve as an incentive to buy. What would be the implications of this for the use of a penetration strategy for pricing his product? RESEARCH: What is a pioneer advantage? Describe…