Economics Prices can be determined with complete reliance on costs, the inverse elasticity rule, and complete reliance on-demand and no reference to cost. Real-world pricing strategies lie in this continuum. a. False b. True c. It depends
Q: There are numerous criteria that need to be considered in selecting an entity. Critically discuss…
A: The majority of people dream of opening their own business. However, only 4 percent of newly…
Q: To date, the market offerings for the firm, Healthy Lifestyle Inc., consists of a range of market…
A: The entrepreneurs will form an organization majorly for two things, one is to gain profits from the…
Q: Questions: 1. What type of ethical dilemma is faced by data analyst in this case? Analyze the…
A: Note: Since the second component of the question asks for a personal opinion, it is subjective. As…
Q: Ali deposits $ 1000 in a savings account at the end of each year. If the bank pays interest rate of…
A: Compound Interest is calculated on the amount which is the total of principal and the previously…
Q: HRM is the backbone of an organization, do you agree or disagree explain in detail your point of…
A: Since you have asked a question based on personal opinion, we will answer the question from a…
Q: What is Global Market? Why need to trade with other nations?.
A: A market is a common place where sellers and buyers of common products exchange goods and services…
Q: An IT and network risk policy may play a significant role in tackling employee noncompliance with…
A: Introduction:- An IT and network risk policy helps in preventing unauthorised disclosure, loss,…
Q: Define in your own words what a leader is. Define in your own words the types of charismatic and…
A: Leadership is the capability of a person or a set of individuals to impact & guide followers or…
Q: Consider a situation where the project manager and project sponsor have been working together…
A: The entrepreneurs will form an organization majorly for two things, one is to gain profits from the…
Q: xamples you have previously shared on weekly discussion boards do not count – please use a different…
A: Leadership is a art of getting work done from your subordinates. Leadership has different styles…
Q: Ethics make the business more authentic.. explain this in relation to the need of Business Ethics.
A: Concept Introduction Business Ethics are the moral principles or the regulatory guidelines that…
Q: Briefly inform these stakeholders of the benefits of automation on the current business processes…
A: Business process automation is a business process that consists of certain well-defined and…
Q: How does IT help a company's business processes and decision-making while still giving it a…
A: Business organizations always seek to be a leader in the industry in which it operates. A…
Q: What are the main features of the corporate culture? What impact does this culture have on…
A: Corporate Culture It is a company culture which is a collection of values, beliefs, ethics and…
Q: Your organisation is reporting 60 per cent absenteeism rate, a percentage that is above the industry…
A: INTRODUCTION: There are many factors that can affect the performance of employees in an…
Q: It is often a momentous decision for a successful national company to become an MNC. What are the…
A: International business gives higher exposure to companies at global market where companies from…
Q: 1) briefly discuss the elements of a successful business plan presentation?
A: Disclaimer: Since there are two unrelated questions the first question is answered. 1. When…
Q: Work has different functions and processes. Explain how the organisational processes are impacted by…
A: Business Environment Business environment refers to all those internal and external factors that…
Q: Compare and contrast the following classic leadership theories. Explain who is the author of the…
A: Leadership styles are classifications of how an individual behaves while he is leading a group. It…
Q: Compare and contrast Bandwagon fallacy and Appeal to authority by explaining and giving examples
A: The Bandwagon Fallacy is the belief that something is true or good simply because it is popular. The…
Q: Based on the descriptions provided, identify the type of power in each instance. 1. Employees are…
A: INTRODUCTION: Any organization's power is a crucial component. It is the ability to persuade people…
Q: How does team and management issues influence absenteesim?
A: Employee absenteeism refers to the regular absence of employees from their workplace. This is…
Q: What are the disadvantages and advantages of an entrepreneurial venture started by a team ?
A: Entrepreneurship is the act of starting a business venture. Entrepreneurs with their entrepreneurial…
Q: Effective communication involves giving information, collecting information and listening to people.…
A: Effective communication means conveying the message efficiently without any obstacle or hindrance in…
Q: what are the steps that can be taken to ensure diversity in the workforce
A: Understanding this term is important for increasing workplace diversity. In the workplace, diversity…
Q: What are the unique challenges of managing employees who have low self-efficacy and self- esteem?…
A: About Employees - Employees, are those kind of people, who are employed by another person, or a…
Q: The need for an adequate organisational structure for projects cannot be over emphasised. It serves…
A: In an organization, the objectives of the organization is set by the top-level management that…
Q: What is ISO, and why is it so important to system developer
A: The definition of a Quality Policy actually reflects the services, purposes, and standards of a…
Q: What is the purpose of Morale & Motivation, Promoting Reasonable Working Condition, and Employee's…
A: Morale and motivation, promotion of reasonable working conditions, and taking steps with regard to…
Q: The managers of a company tell their employees that customer service is the company's top priority.…
A: This is a management question which talks about various values like espoused, enacted etc. as per…
Q: Question d This is a management question. Discuss some reasons why employees may be resistant to…
A: Control is the preliminary goal-oriented part of management in the business or enterprise. It is a…
Q: Discuss the strategic objectives you, as a senior manager, would consider when investing in…
A: Strategic management is the - administration of an association’s resources to attain its goals &…
Q: Explain the differences between the theories of absolute advantage and comparative advantage.
A: Disclaimer- "Since you have asked multiple questions, we will solve the first question for you. If…
Q: Explain in words how teamwork is motivating the people at pixer?
A: Teamwork refers to the collective effort of the team members to accomplish a goal and objective. The…
Q: You witness a senior executive at your firm engaging in overly aggressive methods of pressuring…
A: Introduction:- As is the case of the matrix organization, the main feature of the matrix…
Q: The usage of computer systems in all facets of contemporary business activity and transactional…
A: The entrepreneurs will form an organization majorly for two things, one is to gain profits from the…
Q: What should you know about planning process?
A: Planning is a primary management function that involves determining and selecting a course of action…
Q: Storming is a stage of team development. Regarding aCompany that operates in the Caribbean discuss…
A: Team development is the process by which a group of people comes together to form a team. This…
Q: You have been told by a worker on another team that one of your direct reports made an inappropriate…
A: In an organization, employees face several problems in routine work. Conflicts and confusion are…
Q: Quick decision making: The decision-making process is decentralised, bringing it closer to the…
A: Organization consist of two type of structure - Centralization- In centralization structure all…
Q: When we investigate various models of business, one question that often arises is how we should…
A: In an organization, the activities and tasks are done by the employees so that the objectives of…
Q: Discuss Three (3) reasons for mergers and acquisitions in business and support your answer with…
A: The entrepreneurs will form an organization majorly for two things, one is to gain profits from the…
Q: der to determine procedures to follow during dispute resolution. Negotiations are fluid situations…
A: Negotiation is a procedure in which two or more people come to an agreement to resolve a problem or…
Q: In a workplace where time is shared, what is the most effective strategy to plan processes?
A: It is the duty of the manager to act as a bridge between the top management and employees and to…
Q: The goal of any compensation system is to attract and retain talent for the organization. The War…
A: It is the duty of the manager to act as a bridge between the top management and employees and to…
Q: Explain the Uppsala model and how it assists organisations to expand globally.
A: As globalisation has hit the market. This led to increase the demand of businesses to expand their…
Q: What is the importance of an effective strategic leader?
A: Introduction:- As per Hoskisson et al. (2004), Strategic Leadership is: "The managerial capacity to…
Q: Define ‘Insider Trading’ in your own words and explain the negative impacts on a business
A: Unethical Activities Unethical activities include all of those activities that an employee or group…
Q: The contract of sale is an onerous contract. a. True b. False
A: In many countries all-inclusive, where international regulators have decided that such contracts…
Q: Quentin is a leader tells his staff that "sales are up 14% among those age 18-45, so we should…
A: Bases of power is referred as the types of powers to provide different abilities based on the work…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- a company is going to launch few health and hygiene related products in the market. However, a friction has evolved betweenmanager and management while finalizing the prices of those products. Management wants to adopt skimming pricing strategy while manager is in favor of penetration. Under such circumstances, how will manager justify his strategy? use hypothetical example(s).Pricing strategies are often carried out by companies in the industry to maintain their presence in the industry, especially for companies that have market power. a. What is meant by “Limit Pricing” and “Predatory Pricing”, are the two strategies different, explain the difference if any? b. The "Chain Store Paradox" generally occurs in which price strategy from the possible strategies in question a, explains the paradox?1. Flexible pricing is ineffective in marketplaces where consumers purchase complicated goods or services only occasionally. 2. The insurance and funeral sectors can both use flexible pricing. A. 1st statement is correct, second statement is incorrect B. 1st statement is incorrect, second statement is correct C. Both statements are correct D. Both statements are incorrect
- What assumptions about J.C.Penny’s 5C’s (Customers, Competitors, Collaborators, Context, and Company) must hold true for the repositioning to be effective? What does Johnson perceive in these factors that lead him to believe that “Fair and Square” pricing can be a successful approach for J.C. Penney? read the case J.C. Penney's 'Fair and Square' Pricing Strategy. Harvard Business School Case.If you were planning on creating an online financial brokerage service, how would you approach creating a pricing strategy with consideration to marginal cost, demand, the elasticity of demand, no of competitors, no. of substitutes, prices of similar products on the market etc.Only typing answer 3. IKEA has been apractitioner of value pricing (i.e., win loyal customers by charging a fairly low price for a high-quality offering). Visit the IKEA website. Does the website enhance the firm’s ability to continue with value pricing? Is value pricing just a matter of simply lowering prices? Describe viable target markets for IKEA. Has IKEA changed the way people shop for furniture? Explain
- The airline industry alters the price of its seats based on the type of seat, the number of seats remaining, and the amount of time before the flight departs. This is example of: Select one: a. Basing-point pricing b. Zone pricing c. Dynamic pricing d. FOB-origin pricing Which of the following statements is correct? Select one: a. If the prices of the product are below its costs, profits will boost. b. The pricing strategy suggesting value to the customer and profit to company should be followed. c. If customers perceive that the product is over-priced, they are keener to buy it. d. If customers perceive that a product’s price is lower than its value, they will not buy it.3. IKEA has been a practitioner of value pricing (i.e., win loyal customers by charging a fairly low price for a high-quality offering). Visit the IKEA website. Does the website enhance the firm’s ability to continue with value pricing? Is value pricing just a matter of simply lowering prices? Describe viable target markets for IKEA. Has IKEA changed the way people shop for furniture? Explaina) It has been realised that the two concepts being the Pareto distribution of the customer base and the exchange spectrum, together they help one understand pricing strategy more effectively and in particular with regard to the effect of the Web on pricing for both sellers and customers.You are expected to briefly discuss the objectives of firms with regard to Pareto distribution. Where possible give examples. b) Briefly discuss comparison between modernism and post-modernism.
- Does Cath Kidston’s pricing strategy truly differentiate it from the competition?7 ? Which of the following is true of the price equation? ? ?Extra fees are not part of the price equation ?The amount paid by customers is always the same as the quoted price ?Sellers subtract the add-on charges from the list price ?Customers are more inclined to pay additional fees than a higher list price 8 ?What is the difference between a marketing plan and a business plan? ?A marketing plan addresses the financial projections of an organization, whereas a business plan does not A marketing plan contains a description of an organization, whereas a business plan does not contain any description A marketing plan deals with marketing actions, whereas a business plan addresses the entire organization ?A marketing plan contains details on operations, research, and manufacturing, whereas a business plan does not 9 ?What must an organization use to determine its position respective to the competition during the new-product strategy development stage? ?SWOT analysis and environmental…Imagine that you are the manager of a large clothing company with market power that specializes in selling blue jean pants. 1) Choose two pricing strategies that were discussed in Chapter (Pricing Strategies for Firms with Market Power) that you would implement as the firm manager. 2) Explain how exactly you would implement these two pricing strategies in the real-world Please answer the 2nd part Expert Answer Step 1 "Since you have asked two questions, we will answer only first question for you. If you have any doubt, then repost the questions separately." Step 2 1) Market Power is the degree to which a firm can influence the price of an item by exercising control over its demand, supply, or both. Pricing strategies are aimed at finding a product’s optimum price, considering the various factors like market objectives, consumer demand, product attributes, price of competitors and market and economic trends. Firms with market power use different price strategies to…