Q: Which of these does not increase the customer's willingness to pay? Price Product Features Brand…
A: The buyer's willingness to pay - It is the greatest that they would pay for a specific item. It very…
Q: Anne is a bargain-minded shopper. Normally, her favorite toothpaste costs the same at both of her…
A: Let assume the price of each toothpaste is 100
Q: To what extent is the price most important factor in ensuring a company can maximise profits
A: The price of a product is vital in ensuring a company can maximize profits in the market. Price is…
Q: In this method a price reduction is given to customers based on the quantity of their purchase. a.…
A: if we talk about discounts and allowances so we can say that are reductions to a basic price of…
Q: German discount supermarket chains with over 10,000 stores keeps costs low so that it can offer…
A: The question is related to Pricing the product.
Q: price reduction to buyers who pay their bills promptly is called a. Trade discount b. Cash discount…
A: Marketing is the activity taken up by the firm to build customers. If marketing builds customers,…
Q: is the term given to mean that consumers can be prevented from buying something due to the price
A: Price is the monetary value set by the company on the product and services. It is the psychological…
Q: The trader who deals only in one particular line of goods is known as: Pavement shops or street…
A: There are multifaceted forms of marketing forms of shops that cater to the wide public domain as per…
Q: Price fixing is Multiple Choice the practice of charging different prices to different buyers for…
A: Option E ( A conspiracy among firms to set prices for a product )
Q: Do the following interpretations have ethical ramifications? Companies owe it to their customers and…
A: Ethical ramification means the positive or negative consequences of making particular choices as per…
Q: purchasing is believe to fulfil three major functions: Buy at a low price, ensure timely delivery…
A: Buying offices are at the focal point of successful supply chain the executives. Commonly, they…
Q: Under what circumstances would manufacturers either set prices that try to maximize profits, or…
A: Pricing: It is the major factor when it comes to a global business that determines GDP growth,…
Q: Is it true or false that a purchase order is legally binding once if is officially issued by the…
A: The purchase order is used for different reasons, 1) Clear expectations about the product that…
Q: Being at the premium end is category upon itself. Describe the indicator of premiumness or high…
A: Premiums refer to the high quality and high price of the products.
Q: Manufacturers or wholesalers who seek to control the retail prices of their goods and services is…
A: Price fixing is an agreement between different market participant to collectively make decision…
Q: Can someone help me make a business letter of complaint. Thank you! Scenario: Imagine that you…
A: The person who order the latest mobile phone from the company and he made 50% of payments for that…
Q: The marketing concept which believes that consumers will favour products that are readily available…
A: The correct option is option d, the Production concept.
Q: Comment on “Price is a measure of the product’s quality and performance.” Prove your answer and cite…
A: PRICE: Price refers to the actual amount paid by the customers in exchange for the goods or…
Q: Which of the following is the term for “the sequence of actions or touch points a seller executes…
A: The term used for “the sequence of actions or touch points a seller executes over a period of time…
Q: Under cost-plus pricing, the more price elastic the demand is for a product, the higher the markup…
A: Cost-Plus pricing is a pricing technique that is used commonly in many industries, for the reason…
Q: Suppose you are E-commerce consultant in a multinational company. A company offers customers…
A: The buying and selling of goods and services and transferring of funds by using the internet are…
Q: Give some terms other than “price” that are commonly used to refer to prices.
A: Companies, Organizations, Retailers and many more use different terms to indicate the price of the…
Q: There are probably 20 or more brands of laundry detergent in the grocery store in the Philippines.…
A: Brand image can be referred to as the idea that consumers build for a particular brand over a period…
Q: A brand of soaps offers both bar soaps and liquid soaps. Will these be classified as being under the…
A: Marketer may bring variation in its product offerings in order to tap greater market reach and cater…
Q: A thin market is one which has many buyers, many sellers and a large number of transactions, making…
A: Thin Marketing- Thin marketing on any financial exchange is a period that specifies low numbers of…
Q: How can a business that is using "ideal standards" to set prices under a cost-plus method…
A: COST-PLUS PRICING METHOD: This is a type of pricing strategy that simply means selling the goods or…
Q: What do you call a price which is artificially imposed by law? a. Rounded price b. Rectangle price…
A: Artificial prices are imposed by law in order to set upper and lower price limits so as to ensure…
Q: Pricing that is adopted to influence the perception of the value of the product by comparing the…
A: Pricing: Pricing refers to setting a value for the product based on the required cost to manufacture…
Q: particularly low price and is widely advertised. When coming to buy the item, consumers a
A: The bait prices are the unscrupulous promoting strategy that includes attracting purchasers with the…
Q: Why or why not should food and wine be in a similar price range when matching them
A: Price is more of a psychological concept where it acts as a perceived value in the eyes of the…
Q: Make a question about "Somebody who wants unique and customized products (selection of goods) and is…
A: Answer: In this question, the exact query is not properly delineated but it is evident that the…
Q: All of these statements about price are true except which? Multiple Choice The price must…
A: Price can be defined as some compensation (in monetary terms) that is given by an individual to…
Q: How are fixed costs different from variable costs? A. Variable costs are always higher than fixed…
A: The fixed costs could include Rental expenses, depreciation, tax expenses, all these costs are…
Q: Explain under what circumstances will a consumer be most likely insensitive to a product’s price
A: Price is more of a psychological concept where it acts as a perceived value in the eyes of the…
Q: If you buy or have bought products that are not produced by the market leader or a well-known market…
A: Market leaders and market challenger often serve the common needs of all the segments. The nature of…
Q: Brand extension is the practice of Multiple Choice manufacturing a new product with the same…
A: Branding can be described as a concept in marketing through which the companies make their products…
Q: A firm offering almost same benefits to customers at a much lower price is known as _______ benefit…
A: These days the organizations have gone global. The organizations are trying to gain a competitive…
Q: problems that might be encountered when a functional organization develops new products
A: An organizational structure is a general organization structure in which the organization is divided…
Q: Explain why a product or service’s contribution (selling price minus variable cost) is an important…
A: The product and service plays a very important role in creating right marketing decisions. It plays…
Q: Market skimming pricing refers to which of the following? O a. Offering low price in the beginning…
A: Market skimming pricing is a strategy that involves pricing the services or the products relatively…
Q: How will profit be affected if the individual firms. Increased price
A: Achieving higher profit is one of the major goal of any organisation. different…
Q: Why should a purchaser evaluate the cost of making an item instead of simplyevaluating the purchase…
A: Social networking is the use of social media sites to be connected with friends, family, customers,…
Q: Should prices reflect only the cost of making a product or delivering a service? Explain
A: The price of a particular product must definitely reflect the delivering of services. The details…
Q: this type of market is created by the introduction of the first product into a new market and is…
A: A market is a place where multiple businesses function and compete to earn profit. Businesses sell…
Q: The product mix is described as: a. A group of closely related product b. All the products sold by a…
A: Total number of product lines is called as product mix.
Q: Many researches have indicated that; if potential customers know more about the company and the…
A: In this manner a Potential Customer is somebody who is equipped for turning into a buyer of item and…
Q: Raising prices back to the original selling price after a sale is over is called _____. odd pricing…
A: Pricing strategy through which the company sets the prices for its products and hence earn revenue…
Q: Home Shopping" TV channels normally offer products that viewers will not get to see anywhere else.…
A: The home shopping Tv channels normally have unique strategy of marketing and various promotional…
Q: A heavy truck parts maker is able to tender on a pre-production study contract of a new type of…
A: From the given data: The Decision tree will be depicted as below using the Probabilities and costs…
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Solved in 2 steps
- Some people claim firms should not sell products at prices below costs. Describe several problems with this principle.It is used mainly by smaller firms that offer a limited line of products. This statement refers to _________________.Why should a purchaser evaluate the cost of making an item instead of simplyevaluating the purchase price? Is this true for all types of products? Why or why not?
- Be prepared to discuss the following, supporting your arguments with biblical principles that apply: How to set prices that are just and fair that allow firms to pay employees well, but still make a profit. How to advertise and promote one’s product/service in a way that truly represents the value/performance of the product/service.Make a question about "Somebody who wants unique and customized products (selection of goods) and is looking for a fast delivery."Home Shopping" TV channels normally offer products that viewers will not get to see anywhere else. Discuss the implication of this on their product prices.
- How much does price influence your decision to buy? Does it depend on the product? What services or products are you willing to pay more? Finally, what product categories are you willing to buy generic and hence pay a lower price?What factors will increases demand of a product? What factors will decrease demand of a product? What factors will increase supply? What factors will decrease supply? Need answer in short 1-3 sentences if possibleA retailer wants to understand the relationship between the sales units (in number of units) of a new product and its price. Now, which types of model can be considered to answer the above firm issue?
- It is necessary in the production of a product. An entrepreneur chooses the cheapestpossible but at the highest quality.Do the following interpretations have ethical ramifications? Companies owe it to their customers and shareholders to hire the world's greatest people for the lowest possible price.what is the term given to mean that consumers can be prevented from buying something due to the price ?
