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2 years ago

1. Discuss why is finding and implementing the right pricing strategy critical to a company’s success?

1 answer:

4 0

The importance of pricing in business is one of the most important features that decides the profitability of the business. Following are the suitable reasons for it :

1) Effects on the profit margins - The pricing of the product determines how much the company will make per unit of the product sold. If the pricing is apt, then the items sold will eventually increase and profitability will rise.

2) Competition - Competition in the market depends ultimately on the pricing and quality of the product. The right pricing of the product (low from your competitors) gives you a competitive advantage over other similar competitors.

Thus, setting the right price is very critical in a business. (for example how setting prices to 99$ and 100$ makes the difference).

An example of a well-priced product/company is Mcdonald's, it uses the low-cost strategy to maximize its profit and market share. It follows the right pricing of its products, which gives McDonald's an edge over its customers and capitalizes on the e-market.

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Andre45 [30]

Answer: False these are the things that draw in customers if they have good rates they would be happy to tell you.

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3 years ago

1. Production and DM budgets: Stolen Horse, Inc. manufactures and distributes toy dinosaurs throughout the Western United States

Yanka [14]

Answer:

Check the explanation

Explanation:

RAW MATERIAL PURCHASE BUDGET

July Aug Sep Total

Budgeted

Production units 64,000 97,200 1,05,200 2,66,400 79,200

RM required per unit 4 4 4 4 4

Total

RM requirement 2,56,000 3,88,800 4,20,800 10,65,600 3,16,800

Add: Desired

Ending Inventory 1,55,520 1,68,320 1,26,720 1,26,720

Total needs 4,11,520 5,57,120 5,47,520 11,92,320

Less: Beginning

Inventory 96,000 1,55,520 1,68,320 96,000

Purchase Units 3,15,520 4,01,600 3,79,200 10,96,320

Kindly check the attached image below to see the well arranged accounting entry.

6 0

3 years ago

Dear Mr. Sanchez: Your efforts to promote ethical business practices in our city have drawn national recognition. You are an exc

Xelga [282]

Answer:

1) - a - Last year, after learning about the importance of ethical leadership, students who attended our conference returned to their home schools and implemented a total of nine ethics and leadership initiatives. One of these initiatives included a project in which students researched ethical leaders in the local community. Naturally, the students encountered much of your work and have humbly requested your presence at the Ethics and Leadership for Youth conference this year. As a speaker at the ELY conference, you would have the opportunity to significantly impact our next generation of leaders.

2). b - It does not state the reasons before the main idea, and it has no reader benefits.

3). - c - Make a reasonable request.

Explanation:

1). The first option most adequately rephrases the third paragraph by reconsidering the main ideas effectively and clarifies the author's purpose effeciently. It presents the main idea of the 'significance of ethical leadership and its success' more clearly through appropriate evidence('nine ethics and leadership initiatives taken by students). It presents the given idea more impactfully by strengthening the language of the paragraph.

2). The key problem that the given message contains is that 'it fails to provide adequate reasons before presenting the main idea to the readers and this is why readers do not gain any message or specific idea.' The lack of logical explanation of the main idea does not allow the readers to understand the purpose for which the given content is produced and just become a passive information they are receiving as they aren't able to relate to it.

3). The main characteristics of a constructive claim or complaint messages include 'offering a reasonable request.' Reason is something that not only justifies the validity of the argument but also positions the author's stand on the topic. An effective claim or complaint displays appropriate reason or logic behind it and establishes its credibility and convinces the reader with sufficient evidence that it is worthy and fair. Thus, <u>option C</u> is the correct answer.

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3 years ago

Assume Royal Palm Corp., an equipment distributor, sells a piece of machinery with a list price of $800,000 to Arch Inc. Arch In

Alexandra [31]

Answer:

a. $720,000

Explanation:

Since in the question, it is given that the equipment is sold at the list price

The list price is $800,000 and the selling percentage is 90%

So, the revenue should be recorded

= List price × selling percentage

= $800,000 × 90%

= $720,000

Simply we multiplied the list with the selling percentage so that the correct amount can come

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3 years ago

How do margin trades magnify both the upside potential and the downside risk of an investment position?

klio [65]

Answer and Explanation:

Margin trades work this way because they allow them to extend the amount of money invested regardless of whether the security's price drops or rises. In a more simplified way, we can state that the margin trade allows that even if the price of a security goes up or down, the invested money presents a percentage of gain or loss much bigger than the original value. This is because this money was deposited as a loan guarantee, allowing interest to run on it, increasing it.

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3 years ago