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3 years ago

The major objectives associated with a market penetration pricing strategy are to:

Business

1 answer:

Katarina [22]3 years ago

6 0

Answer:

a. capture the high end of the market demand curve and lower introduction costs.

Explanation:

Penetration pricing strategy is an approach where a company seeks to gain market share of a new product by introducing the product at a lower price. The objective is to use the low price to make customers notice the new product. Penetration pricing aims at encouraging customers to try out the product, thereby creating a market for that product.

Penetration strategy is effective where other suppliers have similar goods and services. The marketer attempts to convince consumers to ignore other goods and buy his or her products. The strategy discourages more competitors from entering the market. Although the strategy grows sales rapidly, It's risky as customers may abandon the product should the business adjusts prices to make profits

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Patsy possesses twenty-four acres of remote, rugged land. Patsy has the right to use the property, in¬cluding extracting silver

GenaCL600 [577]

Answer:

C. life estate

Explanation:

A life estate is an estate interest in land that lasts for the life time of the life tenant. The holder of a life estate has a full right to possess the property during their life. A life estate is restrictive in that it prevents the beneficiary from selling the property that produces the income before the beneficiary's death. But the estate cannot continue beyond the life of the beneficiary. A major benefit of a life estate deed is that it can be used to pass property upon the life tenant's death without it being part of the life tenant’s estate.

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4 years ago

According to the Centers for Disease Control and Prevention, "SIDS is defined as the sudden death of an infant less than 1 year

SSSSS [86.1K]

Answer: True

Explanation:

According to the CDC, Sudden Infant Death Syndrome (SIDS) is the leading cause of children dying unexpectedly and without immediately apparent causes and is said to happen to an 3,700 infants annually.

Sudden Infant Death Syndrome (SIDS) is defined by the CDC as <em>the sudden death of an infant less than 1 year of age that cannot be explained after a thorough investigation is conducted</em>.

SIDS falls under Sudden Unexpected Infant Death (SUID) which is the unexplained death of a child before investigation and as well as SIDS can include infections and accidental suffocation.

5 0

3 years ago

How will an increase in the percentage of older Americans affect the healthcare field? 1.There will be far fewer qualified worke

Troyanec [42]

I think it's 3 (The healthcare field will create new jobs because more people will need care)

I hope it helped you!

7 0

3 years ago

Read 2 more answers

Western Wear Clothing issues 1,600 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming t

Kaylis [27]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr, (1,600 shares × $13 per share) $ 20,800

To Common Stock (1,600 shares × $ 0.01 par) $16

To Additional Paid in Capital in excess of par-Common Stock $20,784

(Being Issuance of common stock is recorded)

Therefore for recording the issuance of common stock we debited cash and credited common stock and additional Paid in Capital in excess of par common stock

7 0

4 years ago

Suppose that smoking creates a negative externality. If the government does not interfere in the cigarette market, then a. the e

Alexxx [7]

Answer:

b. the equilibrium quantity of cigarettes smoked will be greater than the socially optimal quantity of cigarettes smoked.

Explanation:

A negative externality occurs when the costs of economic activities to third parties not involved in economic activities are greater than the benefits.

Negative externality are usually overproduced in the economy. so, the equilibrium quantity of cigarettes smoked will be greater than the socially optimal quantity of cigarettes smoked.

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3 years ago