Besides lowering the price, Jackie can improve contribution margin by ensuring that:
- Quality remains the same or better
- the company leverages social media marketing which is cheaper than conventional marketing and is better targeted.
<h3>What does price reduction do?</h3>
Price reduction (if all other factors remain constant) helps to drive up demand. This is consistent with the Law of Demand in basic Economics.
If Jackie is trying to drive up profit margin, they must thus consider the options given above.
Learn more about lowering prices ta;
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Answer:
Wise Tools will report a $1,000 net loss for the period ending 12/31.
Explanation:
Calculation to determine which of the statements about Wise Tools is correct
Revenues $45,000
Less Expenses ($51,000)
Less Beginning Inventory ($4,000)
Add Ending inventory $9,000
Ending Net Loss -$1,000
Therefore the correct statements Wise Tools is:
Wise Tools will report a $1,000 net loss for the period ending 12/31.
Answer:
$778.05625
Explanation:
The computation of the amount of repayment is shown in the attachment below:
Given that
Proceeds for year 4 through 9 at $2Z, $3Z
The Principal of the loan amount = $10,000
Interest rate = 7% per year
Based on the given information, the value of Z or the amount of repayment is
= Principal of the loan amount ÷ Total annuity
= $10,000 ÷ 12.85254119
= $778.05625
Answer:
You'll need:
the ability to sell products and services
excellent verbal communication skills
the ability to use your initiative
to be thorough and pay attention to detail
leadership skills
maths knowledge
business management skills
customer service skills
to be able to use a computer and the main software packages confidently
<u>Full question:</u>
Shawn is a regional sales manager of a popular fortnightly magazine. He sets targets for and reviews the performances of the sales representatives of his region. Changes in marketing strategies mandated by the magazine's headquarters authorized Shawn to be solely responsible to bring about the necessary changes in his region. In the given scenario, Shawn is most likely a _____.
A) middle manager
B) team leader
C) first-line manager
D) top manager
<u>Answer:</u>
In the given scenario, Shawn is most likely a middle manager
<u>Explanation:</u>
Middle managers deal with intent perspective and department-level decision making. Middle managers are accountable for each of the areas, as properly as for specific units inside the functional lines. Middle managers are responsible to top management for their department’s function.
They control lower-level managers and encourage them to work better. General managers, branch managers, department managers are all instances of middle-level managers. Middle managers require information from high to know what the plan is and erudition from beneath to track growth and contemporary conditions.
