is any physical good, service, or idea that satisfies a want or need, plus anything that in the eyes of consumers, such as the brand name. CAVAB A sale A test A product A test marketing

Q: Market price is always more than factor cost. True /False

A: We must remember that to calculate the Market price we have to add up the net Indirect taxes to the…

Q: Setting price based on what a customer is willing to pay is called O cost based pricing O…

A: Pricing strategy: - it is a method by which we can determine the price of a product by taking all…

Q: Determine an effective marketing response to a change in the social-cultural • environment.

A: The socio culture environment deals with the relationship among the society, culture and marketing.…

Q: Pick three products you use every day (in school, at work, or for pleasure—perhaps one of each).…

A:

Q: Question Consumers ratings for a FAB Lawnmower range from one star (strongly dislike) to five stars…

A: The consumer ratings are always a combination of count of ratings and the ratings ( ranging from 1…

Q: Multiple answers: Multiple answers are accepted for this question Select one or more answers and…

A: Product differentiation I sone if the unique characteristics of Monopolistic market, which makes…

Q: Supplier Set Price Versus Market-Determined Price: Collusion or Competition?

A: In an economy, there can be two types of markets such as competitive and anti-competitive market.…

Q: Write an essay on "Competition of Ride Sharing Apps in Bangladesh"

A: In Bangladesh due to the ride apps in the that would make it in the popular offer of the demand ride…

Q: You own a popular company and only sell 1 product. You plan to incorporate price discrimination.…

A: A lot of people would buy the product - $2,000 More people will but at- $500 To maximize profit, the…

Q: rite Notes on bellow: A- Market research

A: Market research refers to the process of determining the credibility of a new service or product to…

Q: What are the Five levels of a Product? Explain each level with an example from any Educational…

A: Answer- Need to find- What are the Five levels of a Product? Explain each level with an example from…

Q: Analyze the demand and supply of pfizer, do they encounter shortage or surplus or equilibrium…

A: The demand and supply situation in any economy depends upon the prevailing market conditions.…

Q: The firm’s vice president in charge of marketing believes that every 8% decrease in the selling…

A: Decrease in price = -8% Increase in quantity = 26% Elasticity of demand = % change in Qty.% change…

Q: When the price is less than AVC (P<AVC), the company

A: Microeconomics deals with the minute considerations of an economy or the individual firm’s behaviour…

Q: Differentiate between utlilty,stisfaction,value and price

A: The study of Economics deals with the allocation of goods and services so as to satisfy maximum…

Q: (change in quantity divided by average quantity over selected range) Price elasticity  =…

A: Price Elasticity of Demand using Mid Point Formula Change in quantity divided by average quantity…

Q: Discuss the characteristics of services compared to goods and write down challenges for services.

A: Characteristics of Services : Intangibility : Services are intangible in nature where as goods are…

Q: The owner of a small pizzeria is deciding whether to increase the radius of delivery area by one…

A: The owner must do a marginal analysis while making a decision regarding an increment of the radius…

Q: When the price =10000- 100(Demand), the demand that = maximize the total revenue

A: Price = 10000 - 100 (Demand) The above function is the demand equation. -----------------  Total…

Q: You own a popular company and only sell 1 product. You plan to incorporate price discrimination.…

A: a)This would not achieve the goal of perfect price discrimination. Because $2000 and $500 both these…

Q: Diet Coke, Diet Coke with Splenda, Coke Zero, Diet Coke with Lemon, Diet Coke with Lime, Diet…

A: Product line consists of products which are used for similar reasons and are bought and sold in one…

Q: Price 90 85 80 75 70 65 60 55 50 45 40 35 30 25 20 Market for Laptop Chargers Demand -Supply laptop…

A: Reservation price - Reservation price is the maximum willingness price for a commodity or service.…

Q: Quantity The marginal cost for Sal's Sneakers has fallen from MC1 to MC2. How will Sal adjust the…

A: Each firm in the market operates to maximize profit

Q: Price per unit of good is $15 and the output is 200 units  Calculate total revenue

A: The information being given is:- Price per unit of good = $15  Output sold = 200 units   Total…

Q: A bookstore purchased a best selling book at P200 per copy. At what price should this book be sold…

A: * SOLUTION :-

Q: MC AC Demand MR Price

A: Unregulated market are administered by the overarching contracts between the taking an interest…

Q: If a market is price sensitive, then ______ (i) lower priced products sell better than the higher…

A: Price sensitive means the demand is highly depended on price. Demand is high, when price is low. But…

Q: Peers, culture, advertising and even confusion can be considered forms of: Supply Demand Influence…

A: Demand and supply may get influenced by many factors. Peers may influence demand by making someone…

Q: An undifferentiated marketing strategy would include? * One marketing mix for each target market Two…

A: Marketing strategy is a long-run, innovative approach and an overall game plan of any organization…

Q: Customers who are concerned with long-term availability of a product or service are focused on which…

A: When considering a long term purchase, the consumer is concerned about various factors. The consumer…

Q: Will the long-run customer relationship and sales gains from the promotion justify its costs?

A: Cost: Cost is the financial worth that an organization has spent to create something. In a business,…

Q: If the price is given as 20 per unit and the given quantity is $150 billion Find the Total revenue

A:

Q: What makes the customer experience and loyalty of shoppers at Trader Joe’s unique?

A: Trader Joe is truly one of a kind. It has an unique approach to shopping as it tends to regularly…

Q: What is the maximum daily revenue? and how much should the retailer charge in order to maximize…

A: Maximum daily revenue: As the name suggests maximum daily revenue is the maximum revenue that can be…

Q: demand and supply functions P = 65 – 3Qd and P = 35 + 2Qs Determine the market price and market…

A: Sellers and buyers respond contrastingly to price changes. Greater price will in general diminish…

Q: Price per Quantity Marginal Use the table on the left to answer the following sub-questions. (Hint:…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: A marketer focuses on several commonalities among al consumers. This marketer appears to be engaging…

A: Concentrated market:- Concentrated marketing is a way in which an organization devotes all of its…

Q: The best definition of a market isa. a store that offers a variety of goods and services.b. a place…

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: How to Estimate demand, costs, and profits?

A: When talking about demand We estimate the price elasticity of demand.

Q: Rate ($ per hour) $20 Supply $16 $15 $14 $10 Demand

A: Efficient quantity occurs when quantity demand equals quantity supplied.

Q: Price Quantity supplied Quantity demanded $200 3,500 1,500 $175 3,000 2,000 $150 2,500 2,500 $125…

A: equilibrium price is the price where quantity demand and quantity supplied in the economy is equal…

Q: Based on the past data, forecast demand for the next three years for a tyre company

A: To calculate the demand forecast for the next three years. We are using the Moving Average method of…

Q: demand and supply functions P = 75 – 3Qd and P = 25 + 2Qs Determine the market price and market…

A: Demand curve shows the relationship between price(P) and quantity demanded(QD) at a specified time…