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2 years ago

Changing the prices of products based on the level of demand characteristics of the customer is called ________ pricing.

1 answer:

6 0

Changing the prices of products based on the level of demand characteristics of the customer is called dynamic pricing.

Personalization is the use of customer data to create or modify items to meet individual needs. Customization is the manual modification of an item by a customer to meet their needs and requirements. Content streaming services are perhaps the most famous example of the subscription business model.

Internet technology reduces demand information costs by enabling price transparency (making it easier for consumers to find different prices) and cost transparency (making it easier for consumers to see the true cost of a product). and improve information quality.

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All are examples of independent regulatory agencies except:

11111nata11111 [884]

The Department of Justice is not an example of an independent regulatory agency.

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3 years ago

Sarah’s marketing team was beginning the process of developing a new product to expand their current product line and/or mix. At

vlada-n [284]

Answer: New-product strategy

Explanation:

Based on the information given in the question, Sarah and her team were at the new product strategy stage of the new product development process.

This is a strategy that is used to develop a new product. The strategy helps to answer questions such as who will benefit from the products, the goals of the company and other necessary details.

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3 years ago

What is the relationship of a single firm's demand curve in a purely competitive industry?

pav-90 [236]

Pure competition or perfect competition is where all firms have full knowledge of what is going on in the market, where there is free flow of information between not only the producers, but also with the consumers.

As such, all firms have no dominant share of market power since each individual firm is able to produce the good of the same quality and quantity (factors of production are fluid, and no costs in transportation in this theory). And at the same time, consumers have full knowledge of the quality of good they are getting and hence no firm will be able to exploit the misinformation of a good for its own profits.

This builds up to the point of a perfectly elastic demand curve, where consumers know what amount and at which price point do they value the product at. And knowing for the fact that small individual firms in a purely competitive firm have no say over prices, they become the price takers for this kind of market. Thus where MB=MC, the equilibrium point is reached and it is also at the socially optimal level since all consumers have full knowledge of the pros and cons of consuming a product (hence no externalities).

Hope this helps!

6 0

3 years ago

Exercise 10-7 Direct Materials Variances [LO10-1] Huron Company produces a commercial cleaning compound known as Zoom. The direc

Musya8 [376]

Answer:

Direct Material Price Variance = $1,100 Favorable

Direct Material Quantity Variance = - $9,075 Unfavorable

Explanation:

Direct Material Price Variance = (Standard Price - Actual Price) X Actual Quantity

Provided Standard Price = $2.50

Actual Price = $2.40

Actual Quantity = 11,000 pounds

Direct Material Price Variance = ($2.5 - $2.4) X 11,000 pounds

= $1,100 Favorable

This is favorable because actual price is less than Standard Price.

Direct Material Quantity Variance = (Standard Quantity - Actual Quantity) X Standard Price

Standard Quantity for Actual Output = 1,100 X 5.70 pounds per unit = 6,270 pounds

Actual Quantity used = 9,900 pounds

Standard Price = $2.50

Direct Material Quantity Variance = (6,270 - 9,900) X $2.5

= - $9,075 Unfavorable

This is unfavorable because as per standard norms only 6,270 pounds of raw material was needed to produce 1,100 units of Zoom.

Final Answer

Direct Material Price Variance = $1,100 Favorable

Direct Material Quantity Variance = - $9,075 Unfavorable

4 0

3 years ago

One of the advantages of _____ over other middleware is that it requires no configuration on the client side.

Semmy [17]

One of the advantages of JDBC over other middleware is that it requires no configuration on the client side.
JDBC stands for Java Database Connectivity and by using this, a programmer could determine how client could access the database according to the programmer's will.

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3 years ago