Get the Most For Your Money!
<u>Explanation:</u>
Price is an important aspect of any business and also lowering the price is a profit gaining strategy.
Because lowering the price can increase sales since the customer always looks for the products that come at the Low(best) price.
Every business has competitors, and the prices of their own products will be always less than their competitors.
This Pricing strategy consists of 3 options
1. Low Price for the product compared to the competitors.
2. High price for the product that is in demand and that product are sold by the competitors.
3. If the products are having the same price and it can't be reduced further then the focus will shift towards the quality of the product.
Based on the rental cost of the computer and the increase in the rent the next day, the rate of change was 37.5%.
<h3 /><h3>How to find the rate of change?</h3>
The rate of change simply refers to how the price of the rent of the computer had changed from the day that James rented it, to the next day.
The rate of change can be found by the formula:
= (New rental cost of computer - Rental cost to James) / Rental cost to James x 100%
Solving for the rate of change gives:
= (55 - 40) / 40 x 100%
= 15 / 40 x 100%
= 37.5%
Find out more on rate of change at brainly.com/question/24173572
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Historic events m8. You are welcome
They used questionable methods for reaching their wealth level.
Robber baron was applied to powerful nineteenth-century industrialists who were viewed as having used questionable practices to amass their wealth. On the other hand, “captains of industry” were business leaders whose means of amassing a personal fortune contributed positively to the country in some way.
