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Bingel [31]
3 years ago
7

​_____ pricing means that the firm charges a​ high, premium price for its new product with the intention of reducing it in the f

uture in response to market pressures.
Business
1 answer:
Luden [163]3 years ago
3 0

<u>Full question:</u>

​_____ pricing means that the firm charges a​ high, premium price for its new product with the intention of reducing it in the future in response to market pressures.

A. Skimming

B. Captive

C. Promo

D. Value

<u>Answer:</u>

Skimming pricing means that the firm charges a​ high, premium price for its new product with the intention of reducing it in the future in response to market pressures.

<u>Explanation:</u>

Price skimming is a commodity pricing approach by which a firm prices the most expensive initial price that consumers will spend and then reduces it over time. As the request of the first customers is filled and the race begins the market, the firm reduces the price to pull another part of the population.  

Price skimming is usually practiced when a distinct type of product penetrates the market. The purpose is to collect as much income as feasible while consumer request is high and race has not joined the market.

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Scenario​ : The average total cost to produce 100 cookies is​ $0.25 per cookie. The marginal cost is constant at​ $0.10 for all
nika2105 [10]

Answer: D. $20

Explanation:

Total cost to produce 50 cookies = Total cost to produce 100 cookies - Marginal cost to produce 50 cookies

Total cost to produce 100 cookies is:

= Average total cost * number of cookies

= 0.25 * 100

= $25

Marginal cost to produce 50 cookies is:

= Constant marginal cost * number of cookies

= 0.10 * 5

= $5.00

Total cost to produce 50 cookies = 25 - 5

= $20.00

8 0
3 years ago
A tractor to help with farm work would be an example of what kind of economic resource?
Ymorist [56]
<span>D. A human resource </span>
7 0
3 years ago
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
Juli2301 [7.4K]

Answer:

Healthcare practitioners & supporters and Management have highest percentage increase anticipated.

Explanation:

The Healthcare practitioners have most demand in the market is because of the fact that developing countries have higher demand for these jobs and thus they show highest growth.

On the other hand, management is the backbone of the company. We can not imagine a company without management. Hence their is an increased demand in management operations. If the GDP of the country is growing then it means the business is growing and their is increased demand for the management jobs.

The automation will affect most of the difficult jobs and would increase efficiency in the coming future. The occupations that would be affected will be aggriculture production operations.

7 0
3 years ago
Cirrus Aircraft, a leading manufacturer of small airplanes, sees a market opportunity and has decided to double its plant capaci
Westkost [7]

Answer:

B. A strategic action because such a large plant expansion will require a major commitment of resources.

Explanation:

There are two major forms of action in business decision making: strategic and tactical. Strategic action deals with decision that require major planning and investment of resource. Strategic actions have long term implementation and effect and are difficult to reverse.

Tactical actions, on the other hand, are flexible and involves actions taken on short term basis. Tactical actions are majorly bye-product of strategic decision.

On this note, Circus Aircraft`s  decision to double its plant capacity over the next two years is a strategic action because such a large plant expansion will require a major commitment of resources. And the action will not easily reversible.

Other options in the question are not totally right.

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3 years ago
When a broker advertises "sales volume" or "production," the figures must refer to:
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The answer is C I think!
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