All categories

2 years ago

The fundmanetal philopshy behind _____ is to reduce investment in promotion and transfer part of the savings to lower price

1 answer:

8 0

The fundamental philosophy behind Everyday Low Pricing exists to decrease investment in promotion and transfer part of the savings to lower price.

<h3>What is Everyday Low Pricing?</h3>

Everyday Low Price (EDLP) is a pricing technique employed by merchants that guarantees customers the lowest prices in-store without the need to apply a coupon, wait for a sales event, or take any other steps to obtain an acceptable price on the goods they purchase. There are numerous companies that use an everyday low pricing strategy, including Wal-Mart, Amazon, Procter & Gamble, Winn-Dixie, and Trade Joe's. A survey indicates that 26% of American retailers use EDLP and 74% use high-low promotions.

You can reduce demand swings, prevent sales promotions, and improve your demand forecasting processes by using an everyday low pricing strategy. You can lower the price of your products using a cheap pricing plan to draw in more customers and boost sales.

Hence, The fundamental philosophy behind Everyday Low Pricing exists to decrease investment in promotion and transfer part of the savings to lower price.

To learn more about Everyday Low Pricing refer to:

brainly.com/question/13055094

#SPJ4

You might be interested in

What does a company's customer service department do?

sammy [17]

Answer:

B. Interact with customers after they have purchased the product.

Explanation:

It is the duty of the Customer services department to cater to the all customer feedbacks and requirements.

The retention of the customers and attracting new customers depends on the quality of the service provided by the customer handling.

5 0

3 years ago

Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product

Umnica [9.8K]

Answer:

Some answers are attached below

Explanation:

We need to maximize profit -

Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.

Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.

Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $

Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $

Profit for 1 unit of C = Selling Price - Cost = 97.5 - [(7*5)+(5*0)+(15*3.5)] = 10 $

LP Formulation

Maximize profit Z = 10A+10B+10C

subject to Constraints

3A+B+5C<=300 ----> Material 1 constraint

2A+4B<=400 ---->Material 2 constraint

4A+2B+3.5C <=200 ----->Labor

C>=10 -----> Product C Demand constraint

A,B,C>=0

Below is the solver solution and formulation table from Excel -

Maximum profit = 925 $

8 0

3 years ago

Novak Corporation is preparing its 2014 statement of cash flows, using the indirect method. Presented below is a list of items t

Aleks [24]

Answer: The answers are provided below

Explanation:

a) Purchase of land and building = P-I

This will be a cash payment in investing section

b) Decrease in accounts receivable = A

This will be added to the net income in the operating section

c) Issuance of stock = R-F

This will be a cash receipt in financing section

d) Depreciation expense = A

This will be added to the net income in the operating section

e) Sale of land at book value = R-I

This will be a cash receipt in investing section.

f) Sale of land at a gain = R-I and D

This will be a cash receipt in investing section and deducted from the net income in the operating section

g) Payment of dividends = P-F

This will be a cash payment in financing section

h) Increase in accounts receivable = D

This will be deducted from net income in the operating section

i) Purchase of available-for-sale investment = P-I

This will be a cash payment in investing section

j) Increase in accounts payable = A

This will be added to the net income in the operating section

k) Decrease in accounts payable = D

This will be deducted from net income in the operating section

l) Loan from bank by signing note = R-F

This will be a cash receipt in financing section

m) Purchase of equipment using a note = N

This will be a noncash investing and financing activity

n) Increase in inventory = D

This will be deducted from net income in the operating section

o) Issuance of bonds = R-F

This will be a cash receipt in financing section

p) Retirement of bonds payable = P-F

This will be a cash payment in financing section

q) Sale of equipment at a loss = R-I and A

This will be a cash receipt in investing section and will be added to the net income in the operating section

r) Purchase of treasury stock = P-F

This will be a cash payment in financing section

5 0

3 years ago

Dan, the founder of four muddy paws, discovered that dog owners were willing to spend extra money on unique, healthy treats for

Salsk061 [2.6K]

Four Muddy Paws uses the concept of<u> "speed-to-market"</u> to maintain it competitive lead.

The term "Speed to market" alludes to the measure of time it takes for an association to dispatch an item or administrations and make it accessible to the client. It represents time taken by the association to take a shot at the item or administration from Idea, Design, Prototype, Test, Develop, Manufacture and dispatch for the end clients.

7 0

3 years ago

A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve

Yakvenalex [24]

Answer:

PLAN A:

(120 * 0.39) + (40 * 0.19) + 20 = $74.40

PLAN B:

(120 * 0.49) + (40 * 0.14) + 20 = $84.40

PLAN C:

$20 + $75 = $95 ;

PLAN A is optimal from 0 to 192 minutes

PLAN C is optimal from 192 minutes onward ;

Explanation:

PLAN A :

Service charge = $20

Daytime = $0.39 per minute

Evening = $0.19 per minute

PLAN B :

Service charge = $20

Daytime = $0.49 per minute

Evening = $0.14 per minute

PLAN C :

Service charge = $20

225 minutes = $75

Minutes beyond 225 = $0.36 per minute

A.)

Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month.

PLAN A:

(120 * 0.39) + (40 * 0.19) + 20 = $74.40

PLAN B:

(120 * 0.49) + (40 * 0.14) + 20 = $84.40

PLAN C:

$20 + $75 = $95

b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?

PLAN A:

20 + 0.39D = 95

0.39D = 95 - 20

D = 75 / 0.39

D = 192.31

5 0

3 years ago