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elena55 [62]
2 years ago
15

Describe a pricing decision your company has made. was it optimal? if not, why not? how would you adjust price? compute the prof

it consequences of the change
Business
1 answer:
tatyana61 [14]2 years ago
8 0

General Motors company  have embraced many of the competitive price decisions. For instance , a simple pricing strategy.

Simple pricing strategy approach involves setting  of prices which  depends upon what your rival companies are offering as well as maintaining the quality of the products and services  offered by you.

In this case, you should increase the number of sales by initiating different types of discounts.

This price decision taken by simple pricing strategy is optimal since it has maximized the profits on all products and services offered by General Motors Company.

Price adjustments could be made by understanding our customer needs and the quality of the product or services the customers want. The profit consequences in terms of price adjustment are relatively high since we are able to exceed the production than the demand.

To know more about simple pricing strategy here:

brainly.com/question/17230940

#SPJ4

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Many sociologists have worried that the modern economy demands both geographic and occupational mobility, which in turn means bu
il63 [147K]

Answer:

b. primary groups

Explanation:

Based on the information provided within the question it can be said that the type of group that would mostly suffer from this would be primary groups. These are small social groups where the individuals of these groups are usually very close, personal, and share long-lasting relationships. Therefore these groupd would suffer greatly from having to move for work frequently.

5 0
3 years ago
A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: Select one: a. Cost of goods sold. b.
velikii [3]

Answer:

(B) Cost of goods purchased

Explanation:

While a merchandising company buys goods from its suppliers (goods purchased) and adds this to its opening inventory to determined the quantity of goods it has available for sale (goods available for sale), a manufacturing firm makes the goods to be sold (goods manufactured) and add to its opening inventory of finished goods to determine the same metric (quantity of goods available for sale).

This relationship can be seen when the trading account of both firms are compared.

8 0
4 years ago
The establishment of all of the charge numbers for a project is called the: Select one: a. Work package codes b. Code of account
erastovalidia [21]

Answer: Code of accounts.

Explanation:

In project management, a code of accounts is a vital tool in managing any project because it makes it easier to differentiate numerous parts of a project without the need to remember terminologies or lengthy names.

A code of accounts is the unique numbering or lettering whereby letters or numbers are attached to each unique part of the project during the work breakdown structure (WBS) stage. The assigned numbers and letters should not be changed throughout the project's life cycle.

4 0
3 years ago
When i was six, my sister was half my age. now i'm 70, how old is she?
vivado [14]
If she was half your age when you were 6 years old, then she'd be 35 years old if your 70.
7 0
3 years ago
Explain how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is
Ghella [55]

The price paid to each factor adjusts to balance the supply and demand for that factor. Because factor demand reflects the value of the marginal product of that factor, in equilibrium, each factor is compensated according to its marginal contribution to the production of goods and services.

<h3><u>Explanation:</u></h3>

The incremental profit that is being earned for an additional single unit by subtracting the price of the product and all the variable cost that is associated with that product is the marginal contribution. It is the earnings that is obtained in total for paying all fixed expense and also for the profit generation.

The price that is spent for the every factor in order to adjust balancing the supply and demand of that particular factor. This is because of the reason that, the value of the marginal product of any factor is controlled by the demand factor. Thus in an equilibrium state there will be a compensation of each factor based on the marginal contribution to the production of goods and services.

7 0
4 years ago
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