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vaieri [72.5K]
1 year ago
11

when microwave ovens were in the introduction stage of their product life cycle, some consumers were willing to pay exorbitant p

rices for these innovative ovens. taking advantage of this strong consumer desire, marketers set the price for microwave ovens at the highest initial price possible. marketers of microwave ovens used a pricing strategy. group of answer choices e. bundle d. price lining a. skimming b. penetration c. prestige
Business
1 answer:
tekilochka [14]1 year ago
5 0

When microwave ovens were in the introduction stage of its product life cycle, some consumers were willing to pay exorbitant prices for these innovative ovens. Taking advantage of this strong consumer desire, marketers set the price for microwave ovens at the highest initial price, and customers with a very strong desire for the product were willing to pay. Marketers of microwave ovens used a <u>a. skimming</u> pricing strategy.

<h3>What does a skimming pricing strategy consist of?</h3>

Skimming is a pricing strategy that establishes a high initial price in the launch of a new product. The purpose is to increase the perception of the brand, create a competitive advantage, and generate sales revenue that allows for covering the initial expenses more quickly. The price decrease when the product enters the maturity and decline phase.

This strategy is used in the technology and innovation sectors because consumers are more interested in investing in the latest technology products.

To learn more about skimming pricing strategy, click here:

brainly.com/question/29666800

#SPJ4

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"Political risk is the possibility that political events in a particular country will influence the economic well-being of a fir
Montano1993 [528]

Answer:

<u>macro risk</u> and <u>micro risk.</u>

Explanation:

Political risks are crucial factors for a multinational company to make investments in a given country, due to the instability of the country's political scenario that can bring negative adverse effects to the company in a context of macro risk and micro risk.

Macro risk is that which is inherent in the country and affects all economic sectors equally, such as the risk of government expropriation.

Micro risk, on the other hand, is one that will impact only a specific business sector, such as corruptions that aim to defraud or harm an organization.

6 0
3 years ago
How many hours a week should a student plan to study for a three-credit course in a 15-week session?.
Paha777 [63]

Answer:

You should plan to study at least 2-3 hours a week for each credit. In other words, for each three-credit course, you would study 6-9 hours per week. When you compare this time with what you spend in class and studying outside of class, it is about the same.

Explanation:

4 0
2 years ago
Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are equally priced in
Ugo [173]

Answer: Explanation:

The marginal rate of substitution of peaches for avocados is the maximum amount of avocados that a  person is willing to give up to obtain one additional peach. When consumers maximize utility, they set their MRS equal  to the price ratio,  Pp/PA

where ,

P p  is the price of a peach and

PA is the price of an avocado.

In Georgia,  avocados cost twice as much as peaches, so the price ratio is ½ , but in California, the prices are the  same, so the price ratio is 1. Therefore, when consumers are maximizing utility (assuming they buy  positive amounts of both goods), the marginal rates of substitution will not be the same for consumers  in both states. Consumers in California will have an MRS that is twice as large as consumers in Georgia.

4 0
3 years ago
At the end of World War II many European countries were rebuilding and so were eager to buy capital goods and had rising incomes
fenix001 [56]

We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

<h3>What is aggregate demand?</h3>

Aggregate demand refers to the total demand for goods and services within an economy.

Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.

<h3>Answer Options:</h3>

a. Both the US and Europe

b. The US, but not Europe

c. Europe, but not the US

d. Neither the US nor Europe

Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

Learn more about aggregate demand at brainly.com/question/1490249

8 0
2 years ago
A company's inventory records report the following:
AlexFokin [52]

Answer:

Closing value of inventory = $357 for 21 units

Explanation:

As for the provided information we have,

Under FIFO method we know,

FIFO means First In First Out, under this the goods bought at earliest are sold earliest.

That means first opening inventory is sold, then the inventory purchased at the earliest.

Now we have,

Opening Inventory = 27 units @ $17 = $459

Purchases:

Aug 5              22 units @ $16 = $352

Aug 12             26 units @ $17 = $442

Provided 54 units are sold on Aug 15, that means, opening inventory of 27 units, 22 units bought on Aug 5, and 54 - 27 - 22 = 5 units from purchases on Aug 12.

Therefore, after sale units left = 26 - 5 = 21 units

Thus, closing value of inventory = $357 for 21 units

4 0
3 years ago
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