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
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
The consumer price index is used to a. monitor changes in the stock market. b. monitor changes in the level of real GDP over tim
soldi70 [24.7K]

Answer:

c. monitor changes in the level of wholesale prices in the economy.

Explanation:

The consumer price index is a measure of the variation in the price of products and services offered to consumers in the US market. This is an index that serves to measure inflation or deflation. Through the price index, the Federal Reserve monetary authorities make decisions to warm or slow economic activity.

8 0
4 years ago
A suite of integrated software modules for finance and accounting, human resources, manufacturing and production, and sales and
marissa [1.9K]

Answer:

(b) ERP system

Explanation :

ERP is know as enterprise resource planning , it is a software which is utilized for business process  

it enables an association to utilize an arrangement of incorporated applications to deal with the business and computerize many back office capacities identified with innovation, administrations and HR.  

ERP programming coordinates these different capacities into one complete framework to streamline procedures and data over the whole association. The main focus of all ERP frameworks is a mutual database that supports various capacities utilized by various specialty units.

6 0
3 years ago
Customs officials sell imported products in government-owned stores.<br><br> -True<br><br> -False
liq [111]
The answer is true.

hope this helped :)
4 0
3 years ago
On the day before his presentation, Jamie was advised to.
stellarik [79]

Answer:

Go to the room beforehand and figure out what technology he needed to bring.

Explanation:

In bussiness presentation you wont always expect your client to provide you with the technology needed to give the presentation. It is best for you to ask and then come prepared rather than go empty handed.

5 0
4 years ago
In a merger or acquisition, an asset should be acquired if it: is a firm in the same line of business in which the acquirer has
Scorpion4ik [409]

It generates a positive net present value to the shareholders of an acquiring firm.

<h3>Why Do Companies Merge With or Acquire Other Companies?</h3>

Mergers and acquisitions (M&As) are the acts of combining two or more companies or assets in order to stimulate growth, gain a competitive advantage, increase market share, or influence supply chains.

KEY LESSONS

  • Mergers and acquisitions (M&As) are the acts of combining two or more companies or assets in order to stimulate growth, gain a competitive advantage, increase market share, or influence supply chains.

  • A merger is the joining of two companies in which one of the companies ceases to exist after being absorbed by the other.

  • A merger occurs when one company acquires a majority stake in the target company, which keeps its name and legal structure.

To learn more about merger and acquisition from the given link

brainly.com/question/14195407

#SPJ4

4 0
2 years ago
Other questions:
  • Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $252,510, terms n/30. The cost of the goods so
    9·1 answer
  • Being able to refer to trained techniques as opposed to "street-fighting" techniques in reporting a use of force makes it easier
    9·1 answer
  • According to Maslow's hierarchy of needs theory, esteem needs:
    11·1 answer
  • Centurion Alarms recently declared a 10 percent stock dividend. Prior to the stock dividend, the equity section on Centurion's b
    13·1 answer
  • A stockholder in a Subchapter S corporation:
    6·1 answer
  • If the total cost of producing 4 units is $150 and the marginal cost of producing the fifth unit is $20, then the total cost of
    14·1 answer
  • Sanderson Sofas, a family-owned corporation, issued 6.75% bonds with a face amount of $12 million, together with 2 million share
    6·1 answer
  • The great sphinx is thought to be a portrait of __________.
    11·1 answer
  • A firm is considering a project that will generate perpetual cash flows of $50,000 per year beginning next year. The project has
    13·1 answer
  • Trespass to land is committed if, without the permission of the property owner, a person
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!