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Fittoniya [83]
10 months ago
9

using pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the marke

t.
Business
1 answer:
OleMash [197]10 months ago
5 0

Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.

In order to attract customers, the penetration pricing approach entails launching a new good or service at a cheap price. Gaining market share and aggressively attracting clients through low costs are the objectives. In a pricing strategy known as penetration pricing, a product's price is first set very low to quickly reach a large portion of the market and spread word of mouth. The tactic relies on the notion that consumers will transfer to the new brand as a result of the price reduction.

When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.

Learn more about penetration pricing here: brainly.com/question/3521758

#SPJ4

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Lynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses ma
Murljashka [212]

Answer:

$434,000

Explanation:

Total machining cost = Number of machine hour * Rate per machine hour

= 3,100 * $140

= $434,000

Hence, The total machining cost allocated to product X is $434,000.​

5 0
3 years ago
(root 1 + Cos A )/(root 1 minus Cos A)​
WITCHER [35]

Answer:

??????????????????????????????

5 0
2 years ago
Nicky makes $25,000 a year as a sales clerk. He then decides to quit his job to enter a MBA program full-time (assume Nicky does
Mrac [35]

Answer:

40,000

Explanation:

There is no alternative

So the correct answer for this question is 40,000

Total cost= explicit cost + implicit cost=15,000+25,000=$40,000

1: 15,000+25,00 =

2: Answer found

Answer: 40,000

<em><u>Hope this helps.</u></em>

5 0
3 years ago
A firms total cost function is: TC= 500 + 150q - 20q2 + q3 what is the dollar value at the minimum of the average variable cost
Pavlova-9 [17]

Answer:

the  correct answer is $150

Explanation:

TC=500 + 150q - 20q^2 + q^3

AVC=(150Q-20Q^2+Q^3)/Q

       =150-20Q+Q^2

When AVC is at  its minimum means that the marginal cost( CM) is igual to AVC, so we could consider this analysis:

CM= d(TC)/dq =150-40Q+3Q^2

CM=AVC

150-40Q+3Q^2=150-20Q+Q^2

Join similar terms:

150-150-40Q+20Q+3Q^2-Q^2=0

0-20Q+2Q^2=0

Q(-20+2Q)=0

Q_1=0   y  Q_2=20/2=10

with q_1                                               with q_2

150-40*0+3*0=150-20*0+0                 150-40*10+3*10^2=150-20*10+10^2

$150=$150                                                 150-400+300    =150-200+100

                                                                                  $50= $ 50

We have two solution  if we assume that q=0  like the  minimum then the results is $150.

f we assume that q=10  like the  minimum then the results is $50.

5 0
3 years ago
When a homeowner visited the home depot to buy what he thought he needed to fix a leaking toilet, he gathered up materials total
Gemiola [76]
The answer to this question is "Market Orientation" such as when the homeowner <span>visited the home depot to buy what he thought he needed to fix a leaking toilet, he gathered up materials totaling almost $70. When on his way to check out, an employee asked him what was he trying to fix. After some discussion, the employee convinced the homeowner that a $5.99 replacement part would fix the problem better than the materials he thought he needed and with less trouble. This kind of discussion between employees and customers is commonplace at the home depot and indicates the retail store has a MARKET orientation.</span>
6 0
3 years ago
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