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A wholesaler requires a markup of 45% based on cost for merchandise sold. What should the selling price of watch be (in $) if each would cost $70
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- Quaker Oats often, but not always, puts coupons within the package of a box of Quaker Oats for redemption on the next purchase. These coupons provide discounts not only on the product purchased but also on other Quaker Oats products. Consider the metrics of targeting, temporary, special, and irregular promotions. Are the in-package coupons a good form of price promotion for Quaker Oats? Why?Please assist Based on a retail store that sells clothing for the age between 8 and 40 years . Identify your predominant price strategy, apart from odd pricing, that youintend to use. Justify your choice. Explain how you intend to limit the number of mark-down.A tennis racquet manufacturer has been very successful in manufacturing and marketing a single line of inexpensive tennis racquets, aimed at beginners and casual players. The manufacturer’s current distribution channel is through large discount retailers, such as Kmart and Walmart. Recently, three major sporting goods chains also began to carry the racquets. The company puts most of its promotion budget into sales promotion to the retailers and into in-store displays. The competitive advantage for this company is its low price for good, sturdy tennis racquets. The company wishes to expand its operations, either with new products or in new customer markets. 1. What are some possible new products for this company? 2. Do these products fit the company’s image? Does the firm have the technological or production expertise needed for these products? 3. If a product is introduced and fails, what effect will the failure have on the company and its other products? The…
- Assume that you are about to make a significant consumerpurchase, and the product is available at two local stores, one with high inventoryturnover and one with low. Which store would you choose based on this information?Why?Give an example of a product that has a price that you find difficult to classify as beinghigh or low. Explain why. Explain why fine dining establishments must have very high markups over the cost oftheir foods. Is it possible to be a low-priced fine dining establishment? Should a distributor get a higher margin on a product’s sale than the manufacturer? Howdo you feel about this? What advantages can a convenience store chain, such as 7-eleven, have over traditionalsari-sari stores? How about disadvantages? Give an example of a locally made product that you believe will have a good chance ofcompeting in a regional market. Explain why. Give an instance when a customer care person gave you unsatisfactory service. What wasthe reason and why do you think it happened? How would you address this situation inorder to prevent it from happening again?An appliance center sells washing machine at a markup of 15% of the selling price. The store’s markup on acertain model is ₱ 300.a. What is the selling price of the washing machine?b. What is the original cost of the washing machine?c. What is the rate of markup based on the cost?
- Pricing usually occurs during which step in the sales business process? A. contract creation B. billing C. shipping D. order entryRecall your past experiences. Have you been given discounts for goods youbought? When and in what occasion? When do sellers give discount? Give anexample and illustrate how it is computed. Give also an illustration of how selling price is determined.What are the advantages and disadvantages of first in first out methods of stores pricing?
- Describe the first in, first out, last in, first out and average 4.7 cost methods of stores pricing.You manufacture specialized damage assessment drones (suggested price $40,000; weight 4kg; packed dimensions 2 cubic meters) in your factory in Oakland and you have customers in Japan, Kenya, Turkey and California. These drones are specially produced to examine hard-to-reach places (rooftops, dams, etc.) for damage done by earthquakes, bombs and other natural disasters. What type of distribution (Intensive, Selective, Exclusive) will you use and why? Pick a shipping method to each market and say why you chose that method.Explain what a wholesaler does. How does this benefit the retailer? How does this benefit the manufacture?