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Sergio [31]
3 years ago
14

Price involves charging a high price for a product initially then lowering the price over time

Business
2 answers:
Gala2k [10]3 years ago
8 0
<span>Think of product when they first introduced in market. For ex. iphone introducet at the price of 700$. Since then, the price has dropped considerably even for a new model. The same is true for DVD, LCD, digital camera and many high-tech product.when company set a high intial price for the product the aim is to target a consumer who are willing to pay high price and buy product early. This way company recoup its investment in the product faster.</span>
Volgvan3 years ago
5 0

Events like this often occur in electronic products, which are initially very high priced in the market, but after they do another production or there are competitors who issue higher product specifications, the price of the product will go down from time to time.

<h2>Further Explanation </h2>

The selling price of mobile phones shows an increasingly expensive tendency from year to year. The price factor, along with market saturation and the lack of innovation, are the reasons Gartner's research institute predicts that the smartphone market will decline this year. According to Gartner, the number of smartphone shipments in 2019 will shrink by 0.5 percent, from 1.81 billion units in 2018 to 1.8 billion units.

Samsung Electronics Co Ltd reported a 56% second-quarter profit fell on Wednesday (7/31/19). That was caused by weak chip sales and lower semiconductor prices due to oversupply.

However, Samsung also claimed to face quite a lot of uncertainty that came up constantly in the memory and cellphone business in the second half of this. Samsung did not reveal its type of uncertainty on Wednesday, but the company said earlier that a trade war between China and the United States (US) had nearly its earnings.

Meanwhile, the cellphone business posted a profit of 1.6 trillion won quarterly, down 42% from a year ago, Samsung said. This is caused by a decrease in sales of its flagship model and an increase in marketing costs.

Learn More

Decline in gadget prices  brainly.com/question/6979945

Sample case  brainly.com/question/6979945

Details

Class: Middle School

Subject: Business

Keyword: prices, decline, smartphone

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Answer:

True (1)

Explanation:

In deciding whether to buy a particular product, it is important to consider  below pertinent issues :

Serviceability : questions need to  be asked whether the product can be serviced regularly to keep it in usable condition and possible cost of servicing must as well  be considered.

Repairability  : Seller must be asked if the product is repairable in case it is faulty.

Accessories : Availability of accessories in the market must be confirmed from the seller in case we need to replace any part.

Failure to sort out above  issues before buying  may result in wasting of money at the end of the day even though product might have been bought  at a cheaper lock-in price.

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In a small open economy, starting from a position of balanced trade, if the government increases the income tax, this produces a
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Trade Surplus and positive net Capital flow

Explanation

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3 years ago
Edmond, the CEO of Hartman Manufacturing, said to his new vice president of accounting, "In the past I had resistance to new ide
Maurinko [17]

Answer:

A. strategy implementation.

Explanation:

Strategy implementation -

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The practice require proper thinking and method , in order to plan in a very proper manner to accomplish the goal .

The process require some documents or soft copy of the steps involved and the rate of progress to track the project in a very concise manner .

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What are some arguments in favor of raising the minimum wage? On the other hand, what are some arguments against raising the min
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Answer:

Explanation:

The main argument in favor regarding increasing minimum wage is that a higher wage will result into an increase in the standard of living of the people. Furthermore, a rise in the minimum wage can help in lifting people out I poverty. Due to higher wages and salaries, workers will have more money to cater for their families and meet their needs. Lastly, an increase in the minimum wage means that the government can reduce its expenditures on helping the low income earners and can therefore invest the money in other critical sectors of the economy.

The arguments against raising the minimum wage is that it can lead to inflation. Inflation in the rise in the price for goods and services. When there's an increase in minimum wage, sellers may increase the price of goods as there'll be more money to spend by households. Also, it can lead to losses of jobs as employersay have to cut down cost on order to be able to increase the wages of some workers and thereby may result in some workers being laid off.

Minimum wages lead to the reduction in the entry-level jobs that are available, and reduces the change of entry level graduates to get training, and lifetime income. According to Economists, minimum wages will result into decrease in the employment opportunities that are available for the youths and thereby create unemployment. Potential employees will miss out on the training that should have been done at the initial stage one is entering an organization.

3 0
3 years ago
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Explanation:

The problem is dealing with a simple case of arbitrage of exchange rates: Lets assume that

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Step 1:

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(To get USD amount : \frac{2,200,000}{25.36}=$86,750.7886

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Step 2:

Profit = Sales Revenue - Purchase cost

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         = $8,816.0589

The value of this exchange is $8,816.05.

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