What pricing strategy is best for manufacturing smartphones? For instance, skimming pricing strategy or penetration strategy or value based pricing strategy. What is the most appropriate or what is the best to use in manufacturing smart phones.
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- The regular air fare between Boston and San Francisco is 419. An airline using planes on this route observes that they fly with an average of 236 passengers. Market research tells the airlines’ managers that each $7 fare reduction would attract, on average, 3 more passengers for each flight. How should they set the fare to maximize their revenue?the strategy profile (A,CF) is In this game, the strategy profile (A,CE) is In this game, the strategy profile (B,CE) is In this game, the strategy profile (B,DF) is In this game, the strategy profile (B,CF) is Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.Give explanation of the correct option and explanation of the incorrect options. No answer from chat GPT will dislike
- Joe's search costs are $5 per search. He wants to buy a smart watch for his wife for Christmas, and the lowest price he's found so far is $300. Joe thinks 80 percent of the stores charge $300 for smart watches and 20 percent charge $200. Joe's optimal decision is to Multiple Choice continue to search for a lower price since the expected benefit of an additional search is $20, which exceeds his per-unit search costs. continue to search for a lower price since the expected benefit of an additional search is $80, which exceeds his per-unit search costs. stop searching and purchase a video player for $300. continue to search for a lower price since the expected benefit of an additional search is $100, which exceeds his per-unit search costs.If the price match policy is a good idea, how widely should it be advertised? Explain. You woke up this morning to a troubling advertisement on TV: A+ Rental Cars' local competitor is discounting their economy rentals. After doing a little digging, you discover that your competitor has launched an aggressive advertising campaign, reducing the price on their economy line from $32.99 to $24.99. Based on your knowledge of previous pricing practices, you expect a similar price reduction across all vehicle types.Exercise 3: merger example Algoma Steel Inc. and Stelco Steel Inc. Merger? Suppose you work at the Bureau and your task is to assess a proposed merger between Algoma Steel Inc. and Stelco Steel Inc. For simplicity, these are the only two firms in Canada. The cost of this merger is that the two firms will become one joint firm, or the duopolists become the monopolist. This is likely to limit consumer choices and the equilibrium price is likely to rise. However, this merger is likely to increase economies of scale, or production cost will fall. From existing studies you know the following information, and P is the price per ton of steel and Q is the number of tons of steel. Demand for steel: P = 1,800 - Q Marginal revenue: MR = 1,800 - 2Q Supply of steel: MC = ATC = 600, identical across the two firms. Case #1: Before Merger - Cournot duopoly - the government does not intervene The total surplus (TS), defined as the sum of consumer surplus and producer surplus, is equal to…
- In game of matching coin, Player A win Rs. 8 if both coins show head and Rs. 1 if both are tails. Player B win Rs. 3 when coins do not match. Given the choice and being Player A or Player B, which would you choose and what would be your strategy. Required: Solve the game by two person zero sum game (mixed strategy)GIVE EXPLANATION OF THE CORRECT OPTION AND EXPLANATION OF THE INCORRECT OPTIONS AND GET LIKE HAND WRITTEN SOLUTIONS ARE STRICTLY PROHIBITED.Goal Alignment between Airlines and Flight Crews Planes frequently push back from the gate on time, but then wait 2 feet away from the gate until it is time to queue up for take-off. This increases fuel consumption, and increases the time that passengers must sit in a cramped plane awaiting take-off. Why does this happen?
- How does penetration pricing strategy affect the company's performance and how they benefit from this?One experienced entrepreneur says that when a company provides great service, its reputation benefits from a stronger emotional connection with its customers, as well as from increased confidence that it will stand behind its products. Explain why you agree or disagree with this statement in no less than 1000 words.Question 1. Following payoff table (Table 1) shows profit for a decision analysis problem with two decision alternatives and three states of nature. Table 1: Decision Alternative Nature of States s1 s2 s3 d1 250 100 25 d2 100 100 75 Recommend a decision based on the use of the optimistic, conservative, and minimax regret approaches.
