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s344n2d4d5 [400]
2 years ago
7

Under a _____, a business designs products that possess unique attributes or characteristics for which customers are willing to

pay more.
Business
1 answer:
PolarNik [594]2 years ago
5 0

Under a <u>premium-price emphasis</u>, a business designs products that possess unique attributes or characteristics for which customers are willing to pay more.

When businesses wish to charge more for their products than their rivals do, they employ a premium pricing approach. The intention is to make consumers believe that because the products are more expensive, they must be of superior quality than similar things. The business is staking on the assumption that the customer won't do any research to determine whether the product is really of superior quality. Marketers hope that consumers will take the brand name as a guarantee that their product is superior to that of the competition. Higher profit margins, more difficult entry barriers for rivals, and an increase in brand value across the board are all benefits of a premium pricing strategy.

To learn more about premium pricing strategy from the given link.

brainly.com/question/21104027

#SPJ4

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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
4 years ago
Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours a
Sever21 [200]

Answer:

Unitary cost= $49.72

Explanation:

Giving the following information:

Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.60 per direct labor hour.

The unitary cost under absorption costing is the sum of direct material, direct labor, and total overhead.

Unitary cost= 14 + (1.9*16) + (1.2*1.9) + (1.6*1.9)= $49.72

3 0
3 years ago
What is information utility?
xenn [34]
Information utility is a measure of preferences over some set of goods and services, it represents satisfaction experienced by the consumer from a good.
3 0
3 years ago
A group of elderly men, whose government disability benefits are the sole source of income, is approached to consider an experim
Klio2033 [76]

Answer:

Undue influence on the subjects

Explanation:

An institutional Review Board (IRB) can be said to be a type of committee that uses research ethics by reviewing the   procedures (methods) to be used (proposed) for research a studies  to ensure that they are ethical.

According to federal regulations of expedited review of a new, proposed study can only  be used by the IRB if only the study involves no more than minimal risk and meets one of the allowable categories of expedited review specified in federal regulations. Usually, being involved in the research  studies is voluntary, but if you choose to take part, you waive the right to legal redress for any research-related injuries. IRB will be most concerned about the possibility of Undue influence on the subjects is critical to the research studies.

4 0
3 years ago
At a price of $15 each, marta buys 4 books per month. when the price increases to $20, marta buys 3 books per month. luz says th
saveliy_v [14]
No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed <span>the same. It is true that </span>As a price for a product increases, the demand for that product will be most likely to decrease because consumers have to make more sacrifice without any additional income.
But, if you pay attention to the case above, you can see the total value of demand that marta has is still the same, which is $ 60
6 0
3 years ago
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