<u>A. By conducting a focus group before launching the product</u>
Pricing in the business world is very delicate. People will always tend to go for the cheapest product if they aren't loyal to a specific brand. So, when you are starting a business, it is extremely important to focus on pricing. Your prices have to be low enough for people to buy them, but high enough to break even and make a profit.
A focus group would have assisted Kalim in finding the best price for his product. By conducting this, the group would have told him exactly what they would pay for something like his product. However, the damage done is not permanent. He should now lower the prices or conduct a focus group to find out the best price for his food.
Answer:
Income = $30,000
Explanation
<em>Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product </em><u><em>with he highest contribution per unit of the scare resource</em></u>
Product Cont/unit machine hr /unit cont/hr Ranking
A $8 2 hrs $4/hr 2nd
B $18 3 hrs $6/hr 1st
<em>Hence the company should allocate the resource to the product B</em>
<em>Hence the total contribution</em>
= 5000 hrs × $6 per hr.
= $30,000
Income = $30,000
Answer:
Task-oriented
Explanation:
Task-oriented leaders focus on getting necessary tasks done to accomplish set objectives. These leaders are concerned with finding step-by-step solutions needed to meet set goals. The leaders will often define the roles required, put structures in place, organise necessary resources, and monitor progress towards accomplishing tasks within the team.
Answer:
$24,990
Explanation:
2/15 net 45 means that if the customer pays within the period of 15 days, he will get the discount of 2% of invoice amount, otherwise he has to pay the whole amount of invoice within the period of 45 days.
In the given scenario, since the Pound Co. has paid the invoice within the discount period, so therefore, the Pound Co. has availed the discount of 2% and accordingly the sales amount shall be recorded as follows:
Sales amount=Invoice amount*98%
=$25,500*98%
=$24,990
a balance achieved between two desirable but incompatible features; a compromise.
"a trade-off between objectivity and relevance"
