Companies like Walmart that assert a "more for less" strategy are using value-based pricing.
What is value-based pricing?
- Value-based pricing is a method of setting prices that is mostly based on how much a consumer thinks a product or service is worth.
- Value pricing is which means that businesses set their prices in accordance with what consumers think a product is worth.
- Value-based pricing differs from "cost-plus" pricing, which computes prices after taking manufacturing costs into account.
- Companies that provide distinctive or highly desirable products or services are better positioned to benefit from the value pricing model than those that sell primarily commoditized goods.
- The value-based pricing theory primarily applies in marketplaces where owning a product improves a customer's self-image or enables unmatched life experiences.
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Answer: “C” is the answer bc the answer is “the production of goods”
Explanation:
Well when the child wants to play on the nintendo switch the parents can do something like if you finish your homework we will let you play 1 hour or sleep 20 mins late
The correct answer would be option C, Exchange Rate.
When planning a trip to Spain, Brett and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The Exchange rate is the rate at which the currency of one area or country can be exchanged for the currency of another’s.
Explanation:
When one currency of a country is exchanged with the currency of another country, the rate at which the currencies are exchanged is called as the exchange rate.
For example while planning a trip to Europe from America, the couple have US dollars which they need to exchange in Euros to be able to use the currency in Europe.
Roughly, a Euro is equivalent to 1.08 US Dollars, as of today. So this 1.08 dollars will be the exchange rate for US dollars to Euro.
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The correct answer is B.
<u>Therefore the appropiate null and alternative hypothesis are the following:</u>
. H 0 : p 1 = p 2
H 1 : p 1 ≠ p 2
The aim of the test would be to conclude whether H0 should be rejected or not at a 10% significance level.
<u>In this case a billateral significance test needs to be conducted,</u> as such a test consists on testing the equality of the test value with a given value. In this case the H0 would be rejected if the test value is significanly different, both in the case that it is superior or inferior.
On the contrary, an unilateral significance test would have been conducted if aiming to check whether a value is superior or equal to the test value (left unilateral) or inferior or equal to this value (right unilateral).
Then, the result of the test is the one stated: rejecting H0 at the 10% significance level.
