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ICE Princess25 [194]
4 years ago
13

When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at

the lowest price in the market. This gradually forced many of its competitors out of business. Once its competitors were out of business, Lofonift Inc. raised its prices. In this scenario, Lofonift Inc. most likely indulged in _____.
Business
1 answer:
quester [9]4 years ago
4 0

Answer: predatory pricing  

       

Explanation:  In simple words, it refers to a pricing strategy in which the organisation price its goods very low with the objective of capturing the whole market and forcing to leave the other competitors.

In the given case, Lofonitt captured the mp3 market by offering lower price [products leading to failure of their competitors.

Hence we can conclude that they were indulged in predatory pricing.

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What is the typical time frame for decisions at the strategic level? multiple choice day-to-day monthly yearly none of the answe
antiseptic1488 [7]

The typical time frame for decisions at the strategic level is a strategic decision.

The strategic level makes a specialty of defining and assisting countrywide policy and relates immediately to the outcome of a war or other battle as an entire. generally, cutting-edge wars and conflicts are gained or lost at this level in place of at the operational or tactical levels.

Strategy can be formulated at three degrees, particularly, at the company level, the business level, and the functional degree. at the company degree, strategy is formulated for your organization as a whole. The corporate method offers decisions associated with various enterprise regions in which the firm operates and competes.

As an example, constructing on the diversification instance, the purposeful level strategies that aid that commercial enterprise stage method is probably: R&D: redesign product. advertising: put into effect a new advertising plan. manufacturing: Make adjustments to present infrastructure.

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3 0
2 years ago
Suppose that Larimer Company sells a product for $24. Unit costs are as follows:
MrMuchimi

Answer:

Unitary variable cost= $8.08

Contribution margin= $15.92

Explanation:

Giving the following information:

Direct materials $4.98

Direct labor 2.10

Variable factory overhead 1.00

The variable cost per unit is the sum of direct material, direct labor, and variable overhead.

Unitary variable cost= 4.98 + 2.1 + 1= $8.08

The contribution margin per unit is the difference between the selling price and the unitary variable cost:

Contribution margin= 24 - 8.08= $15.92

6 0
3 years ago
The manager is responsible for keeping up to date on all regulations and food safety practices as well as _______ and monitoring
EleoNora [17]

The manager is responsible for keeping up to date on all regulations and food safety practices as well as food-borne illness and monitoring their entire staff.

<h3>How does food safety work?</h3>

In order to minimize the chance that people can contract a foodborne illness, food must be handled, prepared, and stored safely.

Food safety is an issue that affects many facets of daily living on a worldwide scale.

To avoid food becoming contaminated and resulting in food poisoning, food safety guidelines are followed. This is accomplished using a variety of methods, including some of the following:

1) Thoroughly cleaning and sanitizing all surfaces, tools, and implements

2) Upholding strict personal hygiene standards, particularly hand washing

3) Proper food storage, cooling, and heating in terms of temperature, surroundings, and apparatus.

4) Implementing efficient pest management

5) Understanding food intolerance, allergies, and food poisoning.

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4 0
1 year ago
Your friend currently works as an accountant in a public accounting firm in a small town called stillwater in minnesota. he is o
charle [14.2K]
12,000 is the right one
5 0
3 years ago
Gary mails an offer to Brian on June 15. Brian receives the offer on June 16. Gary mails a revocation of the offer on June 17. B
hammer [34]

Answer:

Yes. Contract formed on June 18.

Explanation:

A contract is an agreement between two interest parties that has rights and obligations attached to them.

The fact that Brian mails a letter of acceptance on June 18 entails that an agreement has been reached.

Thus the date of the Contract is June 18.

7 0
3 years ago
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