Answer:
The correct word for the blank space is: competitive.
Explanation:
Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:
- Cost-plus pricing.<em> Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm.
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- <u>Competitive pricing</u>.<em> Implies establishing the price of a product similar to what competitors in the market have set.
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- Value-based pricing.<em> It requires setting the price of goods and services based on what consumers think the price should be.
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- Price skimming.<em> Involves pricing a product high at first and changing the price according to market fluctuations.
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- Penetration pricing.<em> Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.</em>
<u>An increase in supply</u><u> means the supply curve has shifted to the right, while </u><u>an increase in quantity supplied </u><u>refers to a movement along a given supply curve in response to an increase in price.</u>
What would shift a supply curve down and to the right?
- In contrast, a drop in input costs will cause the supply curve to move to the right. Technology.
- An increase in technology will shift the supply curve to the right. Conversely, a decrease in technology will shift the supply curve to the left.
What does it mean when the supply curve shifts to the right?
- When demand is constant and supply is increasing, the supply curve moves to the right, creating an intersection where quantity and prices are lower.
- On the other hand, a negative change in supply causes the curve to move to the left, raising prices and lowering quantity.
Which would cause a shift in the supply curve ?
- When a change is brought about by a source other than price, the supply curve shifts.
Learn more about supply curve
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Answer: The control the company has over Ike's job details.
Explanation:
The Home-baked bread company and Ike share something in common which is the fact that Ike is an employee of the company and also he is to be paid by the company.
As an employee of the bread company, they still control Ike's job role and can decide to vary or maintain his current job role depending on what the company desires to achieve. Also if he doesn't meet up to some target he can still be laid off, due to the fact that he is still on his trial period.
Answer:
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers typically: ... Help management make financial decisions.
Answer:
The probability of you making it home for the holidays is:
= 45%.
Explanation:
a) Data and Calculations:
Probability of Scareways flights being canceled = 38%
Probability of successfully traveling with Scareways = 62% (100 - 38%)
Probability of getting a seat in Walter's car = 72%
Therefore, the probability of making it home for the holidays = the combined probabilities (either Scareways flight or Walter's car)
= 62% * 72%
= 0.62 * 0.72
= 0.4464
= 45%
