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A value-based pricing strategy most likely begins with looking at their customers needs.
When you have a value-based pricing strategy, you are determining price based on the value you think your good or service will be valued at to the customer. Retailers can generally sell their items for more than cost of the product if the value is perceived by the customer to be high.
Answer: Option C.
General,selling and administrative cost cannot be assigned to a cost object.
Explanation:
General, selling and adminstrative cost is the total of both direct and indirect selling cost, administrative cost and all general cost of the organisation. This cost include all the non production cost that they company incured at a specific time bond i.e cost to sell, cost to deliver product and services, rent, cost to manage the company, marketing expenses, salaries, accounting, bonuses e.t.c.
It is not assigned to a cost object because it is general ,cost of selling, and administrative cost.
Answer:
They could hold local tournaments, and also sponsor a tennis team or donate tennis rackets to a school to promote playing of tennis.
Explanation:
Prince sports sales will increase when there is a growth in the tennis industry, and to help grow the industry there needs to be a marketing activity that will encourage tennis right from schools.
The young generation will eventually influence tennis in the future. So marketing activities should btarget them by holding local tournaments, and also sponsor a tennis team or donate tennis rackets to a school to promote playing of tennis.
