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
PtichkaEL [24]
3 years ago
6

The iPod is a very popular item among people of all ages. The demand is continuing to grow. The iPod's introductory price was ar

ound $300, but it is now down to $199.00 for the basic model. As the price has dropped, sales have increased. Which pricing strategy was used for iPod?
Business
1 answer:
astraxan [27]3 years ago
6 0

Answer:

Price Skimming

Explanation:

Price Skimming is a strategy used whereby a producer initially charges the highest price that consumers would be willing and able to pay. As demand starts to fall from the high consumer segments, the price is lowered to tap into a new group of consumers.

In this case, the initial price charged was $300 and gradually reduced to $199 to capture those individuals who could not afford (or were not willing and able  to pay) such a high price for an iPod.

You might be interested in
Attempts
jenyasd209 [6]

The following are topics in macroeconomics:

  1. The optimal interest rate for the Federal Reserve to target
  2. The effect of a large government's budget deficit on the economy's price level

The following are topics in microeconomics:

How a quota on textile imports affects the textile industry

<h3>What is microeconomics and macroeconomics?
</h3>

Microeconomics studies individuals and business decisions, while macroeconomics studies the government decisions and its impact on the economy.

Macroeconomics is a top-down approach while microeconomics is a bottom-up approach to analysing the economy.

To learn more about macroeconomics, please check: brainly.com/question/13244131

#SPJ1

4 0
1 year ago
The right to sell a good or service within an exclusive market is a _____.
dem82 [27]

Answer:

franchise

Explanation:

The right to sell a good or service within an exclusive market is a _____.

 

franchise

 

market power

 

license

 

patent

3 0
2 years ago
. Seven cards each have a positive integer printed
Amiraneli [1.4K]
This is a probability question
4 0
3 years ago
When paying your bills, it is most financially beneficial to make larger payments to:___________.
gulaghasi [49]

Answer:

to those outstanding payments which have highest interest rates.

Explanation:

If we pay and settle more outstanding bills now which have high interest rates it will save us from interest which will be charged in future for delayed payment as it will by multiplied by number of days or months for which it has been delayed.

So if we are not paying high interest outstanding bills it will cost us more in future by high interest amount added to the bill amount.

8 0
3 years ago
On March 1, 2015, Landon Company acquired real estate on which it planned to construct a small office building. The company paid
Murljashka [212]

Answer:

The amount to be reported as the cost of the land is  $101,000

Explanation:

Given information

Paid cash - $90,000

Cost of property $7,600

Salvaged materials - $1,700

Attorney's fee for work concerning the land purchase -  $1,100

Real estate broker's fee -  $4,000

Architect's fee - $7,800    

Put in driveways and a parking lot - $14,000

For computing the amount of the cost of the land, the Architect's fee and Put in driveways and a parking lot is not considered as it is not related to the land expenses. The computation is shown below

= Cash amount + Cost of property - Salvaged materials + Attorney's fee + Real estate broker's fee

= $90,000 + $7,600 - $1,700 + $1,100 + $4,000

= $101,000

Thus, the amount to be reported as the cost of the land is  $101,000

4 0
3 years ago
Other questions:
  • A sound allocation system should: be cheap and easy to administer provide incentives for cost control charge in proportion to am
    10·1 answer
  • Dante, an operations manager at Therma-Pro Insulation, has been put on a big project with a tight deadline. He distributes half
    13·1 answer
  • A student makes the following​ argument: ​"A price floor reduces the amount of a product that consumers buy because it keeps the
    6·1 answer
  • Almost 80% of business owners are clueless about the competition, resulting in
    11·1 answer
  • The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015,
    12·1 answer
  • A company produces three products from a joint production process:: A, B, and C. As a percentage of total sales value, a represe
    14·1 answer
  • Simple interest is paid only on the .
    10·2 answers
  • Jill is much stronger than Jack and stares at him in a menacing way. One day she tells Jack that she is going to beat him if she
    10·1 answer
  • A method to determine market risk by using the betas of single-product companies ina given industry
    8·1 answer
  • MediSecure Labs uses the weighted-average method in its process costing system. The following data are available for one departm
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!