Cost-plus pricing will cause a leftward shift in the supply curve for health care. T OF F
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Cost-plus pricing will cause a leftward shift in the supply curve for health care.
T OF F
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- Legal and Ethical Issues on Pricing Policies & Practices 1.Select a current legal and ethical issue on the company’s pricing policies and practices. 2.Identify the source or online link of the aforementioned article. (Article should be within 2015-2022) 3.Identify the problem. 4.Give two (2) solutions to the problem. 5.Determine the PROs and CONs of each of the solution. 6.Select the best solution. Discuss briefly. Thank you in advance for your help!! :)5. There are four different approaches to setting an approximate price level for a product. Identify theone likely selected for STEM Player when it launched. Briefly explain your choice using appropriateterminology and facts from the case. Approach ExplanationAdvice a drug pricing strategy for Tanner Pharma.
- • Identify THREE key Pricing strategies and discuss the importance of understanding customer value perceptions, company costs, and competitor strategies when setting prices. What did you learn about. the factors affecting pricing and products, services, and brands. What did you learn about how companies adjust and change their prices to consider different types of customers and situations, these can just be bullet points or a short narrative. • Pick ONE of these key concepts and summarizes the significance of these in a 1 or 2 paragraph explanation of the strategy. (Including examples if appropriate)What is the relationship between gross variable costs, total fixed costs, average variable costs, and average fixed costs when the cost driver changes?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?
- Explain why it is a good idea to price a product according to value perception of the customers. Also give some examples of products in which the company has used value-based pricing technique ???With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro? Explain.It is recommendable that the Company uses product and pricing strategy, which can provide a twin approach (Koester, 2011) The strategy should focus on ensuring smooth entry of a new product within a targeted marketplace as well as strengthening prices as the product continue to establish itself within the product life cycle. To this end, it is recommendable that the company uses introductory pricing strategies to facilitate a smoot entry. What is you understanding of this paragragh? What is Nike recommended to do from this?
- How does value pricing strategy affect the company's performance and how they benefit from this?33- Which of the following is true about penetration pricing strategy? Group of answer choices penetration pricing aims to grow sales and increase market share it is appropriate for newly introduced products that are unique penetration pricing aims to build reputation as a high quality product penetration pricing is mainly used for products that are in the decline phase of the product life cycle 34- Disney’s advertising is known for the slogan “The Happiest Place on Earth.” Which of the following emotional appeals is Disney using? Group of answer choices humor fear/safety happiness nostalgia 35- Stores like Staples are called category killers because they Group of answer choices offer a limited variety and speedy checkout offer limited merchandise with good service in a small store carry inconsistent assortment of brand name products at low prices offer discounted price on a relatively narrower product selection but deeper assortment within each product 36-…DDK is a high-technology firm. It has developed a new component that offers superior advantages over competing products. This component can be used in a high-speed production system in all factories. With durable composition, it has a useful life of ten months versus four months for competing products. The component will offer users a significant improvement in production efficiency. 1. Identify the FIVE steps of value-based approach for pricing. Explain EACH step with an example based on the case above.