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Kobotan [32]
3 years ago
5

The Library is a new bar in town. Unlike the other bars in town, it charges no cover charge. The new bar has also priced its bee

r at $3 less per pitcher than its competition. Given what you know about pricing strategies, which pricing strategy is the owner of the new bar using
Business
1 answer:
My name is Ann [436]3 years ago
5 0

Answer: B. Penetration pricing

Explanation:

Penetration pricing is a strategy that is used by new companies in a market to capture market share from more established competitors. The process is for the new company to charge a lesser price than the amount that the other companies are charging which will bring people to the new firm for patronage.

It will thus capture market share and due to the high demand, be able to make profits due to Economies of Scale.

By charging less than its competitors, the new bar's owner is most likely pursuing a Penetration Strategy.

You might be interested in
A process produces​ 6,000 units of output that yield​ $5.00 per unit. Resources contributed to this output are 200 hours of labo
goblinko [34]

Answer:  30 units per hour

Explanation:

Given that,

Total number of product = 6,000 units

Yield = $5.00 per unit

Resources contributed to this output = 200 hours of labor at​ $15.00 per​ hour

Materials =​ $750

Overhead =​ $250

Labor productivity​ = \frac{Total\ number\ of\ product}{Resources\ contributed}

                              = \frac{6,000}{200}

                              = 30 units per hour

3 0
2 years ago
__________is the ability to increase or decrease resources for any given workload. You can add additional resources to service a
dybincka [34]

Answer:

Scalability

Explanation:

Scalability is the ability to increase or decrease resources for any given workload.

  • When the resource is increased by the addition of more resources to service a workload, it is known as Scaling Out.
  • When the resource is decreased by the reduction of resources to service a reduced workload, it is known as Scaling In.
  • When additional capabilities is added to manage an increase in demand to the existing resource , it is referred to as Scaling Up.
  • Likewise, when capabilities is reduced to manage a decrease in demand to the existing resource , it is referred to as Scaling Down.

Scaling does not have to be done automatically.

4 0
2 years ago
Read 2 more answers
Barry’s expectation that employees will complete his requests immediately is typical of —— leaders.
goldenfox [79]

Answer: Commanding leaders

Explanation: The commanding leader is a type of leadership where the leader is someone who is very controlling. These leaders are tough and direct people, they are those who take charge of situations regardless of what others may think.

In the commanding leadership style, the leader is someone very focused and does whatever it takes to get the desired results. They are often intimidating and expect their employees to always do what they ask.

3 0
2 years ago
A process that produces computer chips has a mean of .04 defective chip and a standard deviation of .003 chip. The allowable var
Anarel [89]

Answer:

a) 0.667

b) Yes

Explanation:

Data provided in the question:

Mean = 0.04

Standard Deviation = 0.003

Upper Specification Limit, USL = 0.046

Lower Specification Limit, LSL = 0.034

Now,

a) Capability Index is given as:

Cp = \frac{(USL-LSL)}{(6\sigma)}

or

Cp = \frac{(0.046-0.034)}{(6\times0.003)}

or

Cp = 0.667

Also,

Cpk = min(\frac{(USL-Mean)}{(3\sigma)},\frac{(Mean-LSL)}{(3\sigma)}

or

Cpk = min(\frac{(0.046-0.04)}{(3\times0.003)},\frac{(0.04-0.034)}{(3\times0.003)}

or

Cpk = min( 0.667 , 0.667 )= 0.667

Since,

Cp and Cpk are same in this case

therefore, it is ideal condition and process is capable

b) yes

6 0
3 years ago
Jack, Jill and Maritza are employed as sales persons for Deuce Hardware Supplies. None was hired for a definite period and each
Natali [406]

Answer:

Jack has claim while Jill didn't have.

Explanation:

Jack has claim against Deuce Hardware because his performance is tremendous and make more sales for the company. He done his work very well so he can claim against Deuce Hardware Supplies while on the other hand, Jill has no claim against Deuce Hardware because he commit a crime on the basis of which the company has the authority to terminate him from the job. He works very well in the company but his crime is big enough to terminate him.

5 0
3 years ago
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