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Nadusha1986 [10]
1 year ago
13

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

Business
1 answer:
statuscvo [17]1 year ago
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.

Learn more about implementing at

brainly.com/question/25605883

#SPJ4

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How do the subheadings under "after high school" contribute to the organization of "career planning for high schoolers."? by inf
Delicious77 [7]

I believe the answer is: by informing readers of the education options being described

By putting the phrase  "After high schools" ,  readers would know that the information that being put below the phrase would include the set of options/paths that can be done after graduation. In most career planning forms, it would contain information regarding college, scholarships, and the type of careers that can be taken with current high school diploma.

3 0
3 years ago
Read 2 more answers
Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, t
Tamiku [17]

Answer:

INCREASE the consumption of Pepsi and REDUCE the consumption of Hamburger

Explanation:

Based on the information given we were told that Bill uses his whole budget to purchase the following :

5 cans of Pepsi

3 Hamburgers per week

And the following were the price:

Pepsi costs $1 per can

Hamburger cost $2

Bill marginal utility:

Pepsi 4

Hamburgers 6

Based on the above details this means that Bill could increase his utility by INCREASING Pepsi consumption and REDUCING hamburger consumption reason been that 5 cans of Pepsi costs $1 per can which will gives us income of $5 ($5×1) while 3 Hamburgers per week cost $2 which will give us income of $6 ($3×2) which typically means that the Hamburgers has more income that Pepsi.

Secondly since the marginal utility for Pepsi is 4 while that of Hamburgers is 6 which means that Hamburgers has higher MARGINAL UTILITY than that of Pepsi because the consumption of Hamburgers is higher than the consumption of Pepsi.

Therefore the best thing that Bill could do in order to increase his Pepsi utility is for Bill to increase Pepsi consumption and reduce hamburger consumption.

8 0
3 years ago
Sonia creates tests for judging product safety and advises companies about how to reduce harm from use or misuse of the product.
NISA [10]

Answer:

D) Product safety Engineer

Explanation:

8 0
2 years ago
If both an asset group and goodwill in one of a company's reporting units have to be tested for impairment, which of the followi
irga5000 [103]

Answer: A. The other asset group should be tested for an impairment loss before goodwill is tested.

Explanation:

According to the IFRS standards, it is important and necessary to revalue your assets according to their net realizable value, i.e, assets should be reported after deducting accumulated depreciation or amortization in the case of goodwill. In the case of inventory, NRV should be calculated by estimating impairments.

The other asset groups are tested to check for impairment loss and later the goodwill is tested.  

3 0
3 years ago
A partner that invests money in a business, but does not take an active role in management or assume unlimited liability is best
Arturiano [62]

Answer: Limited partner

Explanation:

The limited partner is part of the owners of a partnership business that doesn't play an active role in supervising daily business operations and whose liability in the business is limited only to the amount of money invested into the business. The limited partner leaves the partnership daily runnings for the active partner.

8 0
2 years ago
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