All categories

1 year ago

What pricing strategy could work well in any market, primarily by generating buyer interest?

1 answer:

3 0

Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.

How a change in price impacts consumer demand is assessed using the price elasticity of demand.

A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).

Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).

The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.

You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.

Learn more about price elasticity of demand here.

brainly.com/question/28203114

#SPJ4

You might be interested in

Odeletta Corporation is considering an investment of $ 506 comma 000 in a land development project. The investment will yield ca

elena-14-01-66 [18.8K]

Answer:

$318,680

Explanation:

initial investment ($506,000)

cash flow year 1 = $212,000

cash flow year 2 = $212,000

cash flow year 3 = $212,000

cash flow year 4 = $212,000

cash flow year 5 = $212,000

discount rate 9%

present value of an ordinary annuity for 5 years and 9% discount rate = 3.89

the net present value = (yearly cash flow x annuity value) - initial investment = ($212,000 x 3.89) -$506,000 = $824,680 - $506,000 = $318,680

The net present value of an investment equals the difference between the present value of the cash flows generated by the investment minus the initial cost of the investment.

5 0

2 years ago

Wade Company is operating at 75% of its manufacturing capacity of 140,000 product units per year. A customer has offered to buy

DanielleElmas [232]

Answer:

Income will increase by $5 per unit

Explanation:

The income effect in case of the order accepted is presented below:

As we know that

Additional sales per unit $32

Direct material per unit $12

Direct labor per unit $9

And, the incremental variable overhead cost is $6 per unit

Since the fixed cost is the same so it does not affect the effect on income

So, the income effect would be

= $32 - $12 - $9 - $6

= $5 per unit

Since the answer comes in positive which means there is an increase in income

5 0

2 years ago

For the lessee to account for a lease as a finance lease, the lease must meet: Multiple Choice Any two of the criteria specified

maxonik [38]

Answer:

The correct answer is Any one of the five criteria specified by GAAP regarding accounting for leases.

Explanation:

According to the information in FAS 13, criteria for accounting for financial and operating leases must be followed, such that the asset must be recognized all the risks according to the property, considering the times of the lease and in other cases the future purchase options the which must be reasonably recorded. If these criteria are not met it should be classified as an operating lease.

5 0

3 years ago

A man eats chips and dips and burgers and fries, and drinks a couple of shakes. afterward, he goes to the gym and does 90 minute

Nuetrik [128]

The set of assumptions underlying his behavior would lead to a diagnosis of non purging type of bulimia nervosa. A purging type falls under the subtypes of bulimia nervosa in which the guy who is suspected of having a non purging type is having to compensate with binge eating and in the same time, the person compensates dieting with exercising excessively.

8 0

3 years ago

Assume that the friend in the previous question notified the owner of the office building of the assignment. When the work was c

Cerrena [4.2K]

Answer:

Stop assuming then....hehe haha don't know ur previous ques and too lazy to open it and even too lazy to read it full sorry

8 0

2 years ago