Q: You have identified 4 possible ways of meeting demand for your products. Option Fixed Cost…
A: Total cost = Total Fixed cost + (Total variable cost * number of units produced) Total cost means…
Q: Cost plus pricing is a logical method of pricing since it takes into account current demand,…
A: Cost plus pricing is a pricing strategy in which the price of the goods which is to be sold is…
Q: the decision-making process for Target costing and Cost-plus pricing should be described in detail
A: 1)Target costing decision making process: In Target costing the decision making process involves a…
Q: What is cost-of-service pricing? What is the relationship between value-of-service pric- ing and…
A: Cost service Pricing - It is the type of pricing which is related with the various things and use…
Q: Rob is opening a carpet cleaning business – a highly competitive business with several existing…
A: Pricing strategy is employed for deciding what price would best suit their product type by…
Q: Marketers may choose from various pricing strategies when selling a product or service. a)…
A: Price refers to the value of a product or service. Price is determined in different ways, depending…
Q: What must a buyer consider when determining what quantity to purchase ?
A: A buyer must consider “economic order quantity” for determining the purchased quantity. Economic…
Q: How do service businesses use off-peak pricing?
A: Off peak pricing can be explained pricing through which the company charges prices for the goods or…
Q: determine the goal and objective of Spirit Cruise Canadian company
A: Goals Goals are result projections that explain what a firm is trying to accomplish, both…
Q: Posing choices for the prospect in which either alternative represents a sale.“Would you prefer to…
A: Marketing covers vast topic including many areas like pricing, packaging, marketing mix, marketing…
Q: Ellie Jackson is upset by the new transfer pricing system recently implemented at Monson Company. As…
A: Transfer pricing is nothing but an accounting exercise or practice that indicates the amount that…
Q: Kindly state and analyze the pricing strategy of stree foods and how being used or the probable…
A: Price is more of a psychological concept where it acts as a perceived value in the eyes of the…
Q: How do alternative service providers ranking - Long-term supply capability?
A: Alternative supplier ratings are a way of tracking and assessing supplier and vendor quality based…
Q: As a CEO of an airline company what pricing strategy would you employ for high season and low season…
A: Pricing strategy depends upon the contextual events in which flights operate
Q: What is the main objective of a Cost Competitive Advantage?
A: Company is a legal entity created under law having its own rights and responsibilities. A company is…
Q: What are the factors that affect Options contracts? Which is the most and least significant of the…
A: Options contract can be defined as an agreement that is made between two or more parties to…
Q: Tell about pricing. More precisely, write what the companies should take into account when doing…
A: Pricing is the process of setting or deciding the price of a particular product. Pricing is the…
Q: Idle production capacity may be related to inventory or capacity management. How would the pricing…
A: Capacity management is a concept in which the business tries to increase its profits by maximizing…
Q: cost leadership in an industry where customers are very price-insensitive
A: When a business projects itself as the cheapest producer or supplier of a specific product or…
Q: Look up the following site to evaluate restaurants’ pricing strategies based on reviewers’…
A: Price is more of a psychological concept where it acts as a perceived value in the eyes of the…
Q: What is target costing?
A: Target costing is where prices are determined by market conditions. In FMCG, healthcare construction…
Q: o analyze and develop land use and travel/trip relationship Why is transportation considered as a…
A: In order to foresee how regional growth, population shifts, and transportation infrastructure would…
Q: social networking platforms and tools
A: Technology and social networking are trending in business these days. They play play an important…
Q: Product: Little Caesars (regular pepperoni pizza) Answer the following questions in relation to the…
A: A) Need for the product: Little Caesar's Pizza caters to singles and families on a budget who want…
Q: Suppose that you have a service business such as house painting. Describe how you would use…
A: Cost plus pricing is used to determine the price of an offering. Cost plus pricing simply adds a…
Q: a) What is the real need for this product? b) What is its approximate price? c) What do you…
A: Little Caesars started it's first store in Michigan in 1959. It is offer pizza at a very low price,…
Q: Many Firms offer a “Buy 4, Get 1 Free” card to encourage customer loyalty What is the price…
A: 1) Price segment concept that support such an offers - Price segment process is generally means when…
Q: 3 current brands and key models of mobile phones. For each identified brand and model, determine…
A: Three famous brands of mobile are Samsung apple and real me. The details are discussed as follows-…
Q: what is price point and can you give an example?
A: Pricing is one of the important jobs which has to be done properly by the companies. It is because…
Q: CASE: Cheese manufacturing results in a concomitant, called brine (water+ salt). Instead of throwing…
A: Product Mix: The product mix is one, out of the four components of the marketing mix strategy. This…
Q: Why does a box of mac n cheese cost significantly less than an electric scooter? Explain. Why do you…
A: Every business organization's goal is to create products and services that meet the needs and…
Q: What is the aviation industry's cost structure? How does it stack up against other modes? What…
A: Cost structure of aviation industry: The market structure of an aviation industry is characterized…
Q: The boards of 2 major telecommunications companies recently agreed to a $16 billion merger that…
A: I have consistently been a devotee of thinking about consolidations and acquisitions as a feasible…
Q: . Explain how the use of yield management can result in greaterrevenue than other pricing…
A: It is a variable pricing strategy used by hospitality operations and airlines to sell their products…
Q: a strategy in which the company charges the same price plus freight to all customers, regardless of…
A: The same delivered price is quoted to all buyers regardless of their locations. This strategy is…
Q: When competition is the dominant factor in pricing a product or service, what is the best cost…
A: Pricing under Marketing means the methods of finding out the value or cost of the particular product…
Q: What is the concept of cost-of-service pricing? What is the difference between value-of-service and…
A: Pricing of costs for services and their relationship between parking costs for services and pricing…
Q: Why is it necessary to acknowledge the significance of the marketing mix in the formulation of…
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: Discuss 2 internal factors and 2 external factors that can impact the pricing decision of a company?
A: Disclaimer: Since you have asked multiple question, so as per the company guidelines, we can solve…
Q: For the following scenarios, suggest a pricing strategy and justify why that strategy is most…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Priceline.com is an online travel agency for finding discount rates for travel-related purchases…
A: Any company in the current days are mostly relying on technology and social networking for its…
Q: For what types of firms is life-cycle costing most appropriate? Why?
A: Life cycle costing: Life cycle costing is the method of compiling all costs that the proprietor of…
Q: explain briefly what does it mean "Not an issue of affordability but lack of support and priority"?
A: Science and technology involves a huge investment and infrastructural support from the country's…
Q: For the following scenarios, suggest a pricing strategies and justify why that strategy is most…
A: Pricing Strategies Every product (goods/service) produced has a target market. The product…
Q: Explain the term target costing?
A: Target costing- It is not only a technique of costing, but also a managerial technique in which…
Q: Multiple choice: 1.when a company sets a price for the first time because of: A. Acquires new…
A: Ans. To set a price for the first time is to choose, establish or fix a cost or price for a product…
Outline the steps for choosing the best cost alternative if you have 3 alternatives to
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- The target market generally determines the menu pricing strategies. mention the factors that a restaurants’ owner/manager must consider in order to determine the restaurant price list? and explain the restaurants’ pricing strategies?Somerset Inc. has finished a new video game, Snowboard Challenge. Management is now considering its marketing strategies. The following information is available: Two managers, James Hamilton and Thomas Seymour, had the following discussion of ways to increase the profitability of this new offering: James: I think we need to think of some way to increase our profitability. Do you have any ideas? Thomas: Well, I think the best strategy would be to become aggressive on price. James: How aggressive? Thomas: If we drop the price to $60 per unit and maintain our advertising budget at $15,000,000, I think we will generate total sales of 2,000,000 units. James: I think that's the wrong way to go. You're giving up too much on price. Instead, I think we need to follow an aggressive advertising strategy. Thomas: How aggressive? James: If we increase our advertising to a total of $25,000,000, we should be able to increase sales volume to 1,400,000 units without any change…For the following scenarios, suggest a pricing strategies and justify why that strategy is most suitable for that business. Scenario 4: Thamid is a reputable independent financial advisor that specialises in investment advice to wealthy individuals with a net worth of over $1 million. Scenario 5: Maurice is a well-established roofer within his local area. However he is wanting to expand and gain new customers in the neighbouring town, where he currently is relatively unknown. Scenario 6: Diana is transforming her home-based invitation business to a small shop in a retail district. She will be providing the first of its kind “eco-invitation”. The invitation (when the individual is done with it) can be planted in a pot to grow into a beautiful flower hence reducing the paper waste.
- What is the cost equalization point?Consider a digital music service like Amazon or Apple. What are some of the major cost categories? Are they mostly fixed or mostly variable?Product: Little Caesars (regular pepperoni pizza) Answer the following questions in relation to the chosen product. a) What is the real need for this product? b) What is its approximate price? c) What do you consider to be the appropriate income level of the target population for this product? d) If you wanted to compile information, what would be your primary and secondary sources of choice to consult to obtain information on this particular product/service?
- Product: Little Caesars (regular pepperoni pizza) Answer the following questions in relation to the chosen product. a) What is the real need for this product/service? b) What is its approximate price? c) What do you consider to be the appropriate income level of the target population for this product/service?What is the main objective of a Cost Competitive Advantage?explain briefly what does it mean "Not an issue of affordability but lack of support and priority"?
- What principle should guide decisions about what price to charge relative to those of competitors?Priceline.com is an online travel agency for finding discount rates for travel-related purchases such as airline tickets and hotel stays. The company facilitates the provision of travel services from its suppliers to its clients. Priceline's profit from the proceeds is the difference between the price suggested by a customer and the one charged by the service provider. It has also added a more traditional model, called Express Deals, where travelers have presented prices and a geographical perimeter within which the hotel will be located but are not told the name of the establishment.Determine in the above case how priceline.com will benefit most from different social networking platforms and tools?Posing choices for the prospect in which either alternative represents a sale.“Would you prefer to order the paint and primer combination or purchase the items separately?”