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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 wasused for iPod?
A. Price Elasticity
B. Penetration Pricing
C. Prestige Pricing
D. Bundle Pricing
E. Skimming Pricing
Business
2 answers:
Zina [86]3 years ago
7 0

Answer:

E. Skimming Pricing.

Explanation:

This method or strategy is mainly used in marketing strategy for a new market entry especially because of its uniqueness and also when the value of the commodity to be sold is of a very high qualities and importance.

It is also seen as a product pricing strategy by which a firm charges the highest initial price that customers will pay and then lowers it over time. As the demand of the first customers is satisfied and competition enters the market, the firm lowers the price to attract another, more price sensitive segment of the population. The skimming strategy gets its name from "skimming" successive layers of cream, or customer segments, as prices are lowered over time.

Monica [59]3 years ago
7 0

Answer:

E. Skimming Price

Explanation:

Skimming price is the pricing system whereby producers and organizations set a high introductory price for a new product in the market which is followed up by gradually lowering the price to attract more customers. It is also know as Skim pricing, where the producers/marketers capitalizes on novelty, timeliness, exclusivity by putting a high introductory price that attracts buyers who has the resources with strong desire to purchase the product there after reducing the price gradually as time goes on.

In this case, the ipod was introduced with a high price of $300 and it gradually reduced to selling price of $199 for the basic model.

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Comment les marchés imparfaitement concurrentiels fonctionnent-ils?
Evgen [1.6K]

Answer:

Dans un environnement de concurrence imparfaite, les entreprises vendent différents produits et services, fixent leurs propres prix, se battent pour des parts de marché et sont souvent protégées par des barrières à l'entrée et à la sortie, ce qui rend plus difficile pour les nouvelles entreprises de les concurrencer.

Explanation:

3 0
2 years ago
A form that contains charges, DOS, CPT codes, ICD codes, fees, and copayment information is called which of the following?
vlada-n [284]

Answer: <em>Option (a) is correct.</em>

Encounter Forms are referred to as printed forms which are utilized to record the charges, which are associated with a patient visit along with other useful information that is further required in order to bill insurance organizations. It also contains DOS, International Classification of Diseases, Current Procedural Terminology codes. These help to save time and record all charges from patient visits.

5 0
3 years ago
Calculating Present Values. Suppose you are still committed to owning a $150,000 Ferrari (see Question 9). If you believe your m
luda_lava [24]

Answer:

All the options written are the steps involved in solving the problem. The formula that would be used is compounding formula because we have future value which is $150,000 and rate of return which is 10.25%. Furthermore, here n is 10 years time.

The formula is:

Future Value = Present Value * (1 + r)^n

$150,000 = Present Value * (1.1025)^10

$150,000 = Present Value * 2.6524

$150,000 / 2.6524 = Present Value

Present Value = $56553

So the amount that we should deposit in mutual funds today to buy Ferrari is $56553. The difference is due to rounding off.

3 0
2 years ago
Choose the answer which best describes the relationship between the attribute given for a financial statement account and the li
Darina [25.2K]

Answer:

The correct answer is A

Explanation:

There is a direct relationship among the adequacy of the internal control as well as the ability of the auditor to rely on the procedures of the substantive analytical. When the entity does not have the efficient internal controls, then the auditor will rely on the procedures.

There is an inverse relationship among the RMM ( stated as risk of the material misstatement) as well as the ability of the auditor to rely on the procedures. And high RMM states that the internal control cannot be relied on to detect the material misstatement on the financial statements, which cause the auditor to rely on the tests of controls.

And there is a direct relationship among the predictability of the relationships among the data and the ability of the auditor to rely on the procedures. When the relationships are predictable, then the auditor could create a meaningful expectations which cause the procedures to be more efficient in detection of material misstatement.

3 0
3 years ago
Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion
Agata [3.3K]

Answer:

$2.38

Explanation:

Note : I have uploaded the full question below as an image

Step 1

<em>Calculate the Equivalent units of production with respect to conversion costs</em>

Units Completed and Transferred (81,000 x 100%)    = 81,000

Plus Units in Ending Work In Process (9,000 x 20%) =    1,800

Total Equivalent Units                                                   = 82,800

Step 2

<em>Calculate the Total Conversion Costs during the period</em>

Total Conversion Costs = $197,380 (given)

Step 3

<em>Calculate Cost per Equivalent Unit</em>

Cost per Equivalent Unit = Total Cost ÷ Equivalent Units

                                         = $197,380 ÷ 82,800

                                         = $2.38

6 0
3 years ago
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