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2 years 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.

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Competition in the craft Brewing Industry in 20171. Identify the strategic issues facing craft beer brewers in 2017. What effect

Cloud [144]

Answer:

1. Threat of new entrants to the industry and the power of suppliers are the strategic issues facing craft brewers in 2017. The threat of entry has a great effect on a companies willingness to expand its product base in fear that a new entrant will either mimic or produce a substitute for their product.

2. I would recommend that small breweries need to get out there and get their product in the minds of more customers, use social media to target their audiences and consumers. They should also invest in equipment that will reduce labor costs in the long run. Risk of supply availability can be mitigated by using multiple suppliers or becoming your own suppliers and also selling to other breweries, making another source of income.

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3 years ago

International Food Services (IFS) has a contract with the Marines to supply meals for its troops in Afghanistan and other foreig

andrezito [222]

Answer:

C, the board of directors of IFS

Explanation:

The board of the IFS is ultimately responsible for the corporate climate that resulted in the use of substandard ingredients in the meals meant for the troops.

This is because the directors are the ones at the helm of affairs and they decide what happens in the IFS. This means that at least one of the directors is aware of the use of substandard ingredients . It can be said that if one knows, all other know. This phrase convieniently indicts the directors.

Cheers.

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2 years ago

You’ve been asked to participate at a prestigious and well-attended annual conference within your industry. Your participation r

Kay [80]

Answer:

Making sure that your view points are clearly heard.

Explanation:

Effective communication can be defined as the process of passing out information in a clear and concise manner. It is a means of successfully conveying information to the listener.

Effective communication helps to improve productivity among employees in an organisation. This type of communication can be enhanced by a good body language.

In the scenario described above, an effective communication can be achieved by ensuring that your viewpoints are clearly understood by the audience.

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3 years ago

The Coase theorem states that A) the private sector will fail to produce the efficient amount of a public good because of the fr

Sonja [21]

Answer:

Explanation:

One of the problems in economics is the allocation of goods in the presence of externalities. When externalities are present allocation of goods in private market won't be efficient because private parties won't internalize them and would arrive to an inefficient outcome. For many years this was an argument in favor of government intervention.

However, Ronald Coase showed that assigning property rights of the externality to one of the private parties (no matter which one) would result in an efficient outcome. This is because the parties with the property right would then internalize the cost. Then in the bargaining process private parties would reach an efficient outcome without the intervention of the government.

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2 years ago

Bob was telling everyone in the break room that he thought it was a big mistake to hire laurie because it was clear to him that

Stolb23 [73]

The fact that Bob called Laurie "inept" and "under qualified" despite her fine performance on the job so far, but because he was angry that his girlfriend had not been hired instead is an example of workplace bullying.
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By saying such things and repeating hurtful remarks to Laurie Bob abused Laurie.

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3 years ago