<span>A) -$13. The reason being that, opportunity cost is the benefit that a person could have received, but gave up,in order to take another course of action, which in this case is skiing. And since his salary per 1 hour in the winter months is $13, skiing for one hour instead of working during that hour will cost him $13</span>
Answer:
Penetration strategy
Explanation:
Penetration strategy is an aggressive marketing concept that seeks to establish a sizeable market share for a new product. Marketers will offer a low price and carry out sales promotions to improve the attractiveness of the product. The objective of this strategy is to entice customers to buy the new product, thereby creating a market for it.
The penetration strategy will work if consumers are price sensitive. The new low price will attract sales. If the company raises the price later to make profits, demand may decrease. For this strategy to work, the product must be of high quality. Competitors may lower prices of their products in the medium term giving rise to price wars.
Answer:
Strategic
Explanation:
If Ming is a manager for a large company and has the authority to determine whether or not the company should expand into new regions and/or expand the company's product line, Then the level of management that Ming represents is Strategic Management
Strategic management involves setting objectives, <u>analyzing the competitive environment</u>, analyzing the internal organization, evaluating strategies, and ensuring that management rolls out the strategies across the organization.
Business expansion decisions are taken by the highest level of management based on their analysis of the competitive environment
Adverse selection describes situations when high-risk persons are more likely to receive insurance or when one bargaining side has important knowledge that the other does not. Our goal is to influence decision-makers, both inside and outside of government, to consider the future and adopt long-term plans.
When vendors and/or purchasers have different knowledge about a certain component of a product's quality, this is referred to as adverse selection. Thus, those who work in hazardous environments or lead high-risk lives are more likely to buy life or disability insurance, knowing that they will likely be able to use it.
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Explanation:
definitely price offs..
example; ordering fresh food online; Usually, they will give you ( order 3 , next one free)...
this means; sign up 4 service, pay full price 4 3 meals get a meal free..
busy ppl. sign up 4 this; because time is limited 4 2 parents working full time. Helpful, since family time is important with child upbringing..
