What is the relationship between gross variable costs, total fixed costs, average variable costs, and average fixed costs when the cost driver changes?

Q: Purchasing department can determine the right prices by: Select one: Using cost structure of the…

A: Determination of the right value may be a troublesome task. it's the most object of any organization…

Q: alue in the eyes of a c

A: When a customer ignores the cost of an item or administration, as a result of the advantages that…

Q: Calculate the Upper limit of b3 ?

A:

Q: How do total variable costs, total fixed costs, average variable costs, and average fixed costs…

A: The following changes happen as the cost driver increases and vice versa:

Q: Should discounts be applied to products that are also in high demand? Justify!

A:

Q: What

A: Pricing a product optimally is not a child play rather a complex and challenging task. A company…

Q: What are the four methods used in by-product costing, and how do they differ? Which is the…

A: As we all know that “by-products” is generally used to denote one or more products of relatively…

Q: You are on a team designing a new hybrid SUV. Describe how each costing method might be applied.…

A: The technique, style, or tactic used by an organization to collect cost data more appropriately is…

Q: Define Fixed Costs?

A: Variable costs are described as the expenses of an organization or a company and it takes into…

Q: Identify the shadow prices for the three resources and describetheir significance?

A: Shadow prices are the highest amount of prices a company has accepted to pay to procure limited…

Q: The management of a firm wants to increase their firm’s market share by 50% within the next three…

A: Within the next three years, a company's management plans to expand its market share by 50%. They…

Q: Please provide examples of three products with independent demand and three products with dependent…

A: The demand patterns which I would use to control the forecast are: Quantitative Method: Quantitative…

Q: The most effective pricing strategy to use when there is a brand new product in the market?

A: Pricing strategy can be explained as technique which helps the company to price its products or…

Q: Which cost drivers and/or value drivers are important for creating superior total economic value for…

A: Nestle corporation: Nestle corporation is the largest food corporation in the country. It deals with…

Q: What is the amount of the difference between the variable costing and absorption costing net…

A: Absorption costing: It is a type of costing where all the manufacturing costs are treated as…

Q: which is more important price or quality?

A: The marketing mix is the process of integrating various elements of marketing such as product,…

Q: Among business products, copiers would be best considered which type of support product? Multiple…

A: Business products are the services or items used by the company to operate their business and for…

Q: Explain how brand of a commonly purchased consumers packaged good, such as toilet tissue, could be…

A: Price skimming is a pricing technique in which a company charges the highest possible price for a…

Q: What is recommendation and conclusion of price?

A: Recommendation of price means when a price is refered to the person. The price is given at a good…

Q: What is target costing?

A: Target costing is where prices are determined by market conditions. In FMCG, healthcare construction…

Q: Explain Average variable cost (AVC)?

A: As a general rule, when the firm's output is relatively small, the average cost decreases; when…

Q: providing healthy food lunch boxes to school children what do you suggest about their  product…

A: The marketing mix is the planning done by the company to carry out the various functionalities and…

Q: s pricing important for consumers in the process of decisions making?

A: price/cost of possession continues to be a rather prominent decision driver, with almost half the…

Q: analysis for the cheapest EV car in the US, the Nissan Leaf against its closest gas engine…

A: With the increase in awareness and diplomacy about global warming the demand for environmentally…

Q: Locate advertisements for new auto vehicles in your area. These are often published in local…

A: As per the given question demand, we can take the reference of any recent auto vehicle print ads or…

Q: What are the factors that influence cell phone mobile plan pricing?

A: In the sphere of trade, one of the most essential elements is pricing. The term "commodity pricing"…

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: explain variable costs, fixed costs, average variablecosts, average fixed costs, and average total…

A: All the businesses need some inputs to generate outputs. There are majorly two types of inputs,…

Q: With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro?…

A: Risk Management : Risk management refers to the process of finding, analyzing and controlling the…

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: Which product life-cycle stage, if any, is the most important? Which stage is the riskiest? Which…

A: Product life cycle stage refers to the life span of the product throughout its existence at market…

Q: Pricing Scenario: You just won a new laptop in a contest, and you decide to sell your old one. You…

A: Laptop is not a necessary good, so its demand is elastic. More the change in price will lead to more…

Q: The three major influences on pricing decisions are: costs, competitors, and customers. TRUE FALSE

A: The marketing function depends on product development, pricing strategy, distribution channel, and…

Q: What principle should guide decisions about what price to charge relative to those of competitors?

A: Pricing can be explained as technique through which the producer will be able to determine the value…

Q: What is the difference between variable cost and fixed cost?

A: The variable cost is the cost that is not constant or the same for a producer. The variable cost…

Q: Define Variable Costs?

A: Variable costs are costs that change each month depending on the volume of production or orders that…

Q: Describe life cycle costs and the value of the life cycle cost method?

A: A system calculating the entires the cost which is incurred on the right of product is known as the…

Q: A new tropical fruit juice product was entering the marketplace. The director of marketing for the…

A: The marketing research is one of the activites which aims to streamline the process of marketing and…

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: Define shadow price (or dual value)?

A: Shadow price or Dual value

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”