Penetration evaluation could be a strategy utilized by businesses to draw in customers to a brand-new product or service by giving a cheaper price ab initio.
The cheaper price helps a brand-new product or service penetrate the market and attract customers far from competitors.
EDLP is related to Walmart because the company has used it systematically in its selling. As an evaluation strategy, Walmart founder SAM Walton used EDLP once gap his initial stores.
In a predatory evaluation theme, area unit costs are set low to drive out competitors and build a monopoly. Shoppers could enjoy lower costs in the short term. However, they suffer if the theme succeeds in eliminating competition, as this could trigger an increase in costs and a decline in selection.
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Answer:
Financial advantage = $10,000
Explanation:
Since the calculators are obsolete, in the current state they only have value of $50,000
If further processed,
Sales = 190,000
Processing cost = 130,000
Total profit after processing = 190,000 - 130,000 = $60,000
The financial advantage of processing further = 60,000 - 50,000
Financial advantage = $10,000, the calculators should be processed further.
Hope that helps.
Answer:
0.67
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If the family buys one can of soup, the opportunity cost is the frozen food forgone.
Opportunity cost of one can of soup = 60 / 90 = 0.67
I hope my answer helps you
A tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.
<h3>Why will product cost more?</h3>
A product can cost more when the demand for the product is high thus increasing the price of the product.
A product can cost more if the cost of production is higher than any other products.
Therefore, tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.
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