The newest version of a product like Crutchfield headphones is likely to use price skimming, while the new version of Monster Energy is likely to use penetration pricing
<h3>What is
price skimming?</h3>
Price skimming is a pricing strategy that a company can use when launching a new product or service.
Electronic products, such as the Apple iPhone, frequently use a price-cutting strategy during the initial launch period. Then, after competitors launch competing products, such as the Samsung Galaxy, the price of the product drops to maintain the product's competitive advantage.
The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. Skimming is commonly used when a product is new to the market (in its introduction or growth phase) and has few competitors.
To know more about price skimming follow the link:
brainly.com/question/15371394
#SPJ4
Answer:
OBJECTIVE AND TASK BUDGETING.
Explanation:
Objective and task budgeting is an effective budgeting strategy which considers the firm’s overall promotional objectives. The budgeting is then done according to the requirements for meeting these goals.
By running television ads and a social media campaign, the marketing manager has created a means to meet his objective or goal which is to improve market share for his paper plates by 2 percent in the coming year. He then proceeds to price how much the advertising would cost him and then sets the budget. This budgeting is done by OBJECTIVE AND TASK BUDGETING. This allows the marketing manager to allocate a certain amount of money to its marketing budget based on his objectives, rather than choosing an arbitrary amount.
Answer:
b. $600,000
Explanation:
The company has to record as revenue the product at the list price, then if exist a special discount on the price list, it must be record as discount applied to products in the Income Statement, separate of Revenue or Gross Sales.
The price that the company ACH pay by the product ($650,000) it's not at change on the price if not due to the payments term which is one year later, so the company ACH has to pay a financial cost because the payment will be made one year later.
$52670 is the cost of goods sold for the month of March
<h3>What is
cost of goods ?</h3>
The carrying value of goods sold during a specific period is referred to as the cost of goods sold. Costs are assigned to specific items using one of several formulas, such as specific identification, first-in-first-out, or average cost.
The value of a company's cost of goods sold is determined by the inventory costing method used. When recording the level of inventory sold during a period, a company can use one of three methods: The average cost method, first in, first out (FIFO), and last in, first out (LIFO)
If COGS rises, net income will fall. While this change is advantageous for income tax purposes, the business will generate less profit for its shareholders. Businesses thus try to keep their COGS low so that net profits will
To know more about cost of goods follow the link:
brainly.com/question/13767214
#SPJ4
Answer:
$250 million
Explanation:
Given that,
Cell phones:
Quantity produced = 5 million
Price per cell phone = $100
Pizza:
Quantity produced = 25 million
Price per pizza = $10
The market value of pizza is determined by the product of quantity produced and price of each pizza.
Market value of pizza:
= Quantity produced × Price per pizza
= 25 million × $10
= $250 million
