1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bogdan [553]
3 years ago
13

Anthony works at a firm that wants to develop a new pricing strategy for one of its products. The company has decided that its m

ain objective for this product is to increase the product's sales in relation to industry sales. Anthony has obtained a list of prices that tell him how much similar products are being sold for. Anthony is particularly interested in the industry's top competitor because it has so much market share. After determining the price of its major competitor, Anthony decided to undercut their price by several dollars. He believes putting a sign in their stores that features his company's discounted price next to the price of their major competitor for the same product will show consumers that Anthony's company offers them a much better deal. However, he knows that he has to be careful not to misrepresent the competitor's price in the process.
Anthony's firm has adopted a ______________ pricing objective.

a. market share
b. status quo
c. profit
d. return on investment
e. cash flow
Business
1 answer:
elena55 [62]3 years ago
3 0

Answer:

a. market share

Explanation:

Based on the information provided within the question it can be said that the Anthony's firm has adopted a market share pricing objective. This pricing objective focuses on reaching or maintaining the target market share for a company's product using any necessary tactics. Which is what Anthony is doing, he is undercutting the competitions prices in order to reach the top competitors market share for their competing product.

You might be interested in
A seller contracted to manufacture 1,000 toasters for a buyer for a specified price. The contract contained a provision that cle
suter [353]

Answer:In this case the buyer is <u><em>not bound by the contract</em></u> because  <em><u>"this contract may not be assigned" means that duties may not be delegated, and the seller delegated a duty.</u></em>

Here, the agreement is particularly defined by a provision that clearly states that: “This contract may not be assigned, and any violation of this prohibition voids the contract.” Therefore, if after the contract is signed and thus the production of the commodity is overtaken by another manufacturer , then  the buyer's claim is right and he is not bound by the contract.

<em><u>Therefore, the correct option is (A).</u></em>

3 0
3 years ago
In his blog, Max Gladwell says that our world is being profoundly changed
Vesnalui [34]

Answer:

B: Increasing use of social media

Explanation:

Social media has many effects, good and bad on our society. Now people know what happened 4 minutes ago in countries thousands of miles away. They can keep up with celebrities and more. You can see how this is drastically changing the way we live. Hope this helps!

3 0
3 years ago
Sales for the year were $83,000. The balance sheet at the end of the year is given below:
Ipatiy [6.2K]

Answer:

See below

Explanation:

The above is an incomplete question. From a similar question, we were given cost of goods sold to be $60,800.

Firm's day sales in inventory is computed as;

= (Ending inventory / Cost of goods sold) × 365

Given that;

Ending inventory = $41,000

Cost of goods sold = $60,800

= ($41,000/$60,800) × 365

= 246days

3 0
3 years ago
Which situation best illustrates the effects of inflation?
NNADVOKAT [17]

Answer:

B. A type of shirt that sold for $10 in 2000 costs $15 in 2020  

Explanation:

Inflation is a measure of the rate of rising prices of goods and services in an economy.

3 0
3 years ago
When might the exchange rate affect you most directly?
Tanzania [10]

Answer: answer d seem more likly because you   have then traveld to another country

Explanation:

8 0
3 years ago
Other questions:
  • Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 5,000 toy action figures to be
    14·1 answer
  • Having a dependable income is a benefit of being a wage earner.<br> True<br> False
    5·2 answers
  • Situation 22-4 Joe is the owner-operator of Joe's Haircuts Unlimited. Last year he earned $200,000 in total revenues and paid $1
    12·1 answer
  • Sean and Yvette Durand live in Swarthmore, PA. Their son, Bob, owns his own plumbing business.
    13·1 answer
  • Tiny figures inserted into magazine ads via high-speed photography or airbrushing that are supposed to exert strong but unconsci
    14·1 answer
  • Ok, so, theoretical question: If I bought the Mona Lisa legally, would anyone be able to stop me from eating it? Why or why not?
    6·1 answer
  • A firm's value added equals 10) A) its revenue minus its wages. B) its revenue minus all of its costs. C) its revenue minus its
    11·1 answer
  • Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high sch
    15·1 answer
  • Question 6 of 10
    12·1 answer
  • This week you’re learning some of the characteristics that will help you practice your relationship building skill (trust, mutua
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!