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4vir4ik [10]
3 years ago
8

As the product manager for Whirlpools line of washing machines you are in charge of pricing new products. Your product team has

developed a revolutionary new washing machine that relies on radically new technology and requires very little water to get clothes clean. This technology will likely be difficult for your competition to copy. Should you adopt a skimming or a penetration pricing strategy? Justify your answer.
Business
2 answers:
Alex17521 [72]3 years ago
7 0

Answer:

The management should adopt skimming pricing strategy.

Explanation:

For the fact that this is a new technology and very difficult to be copied, the management should adopt skimming pricing strategy. This will allow them to charge high prices and make money in the market before their competitors starts making the same kind of washing machine. This product has benefits for the consumers as well as it consumes less water to clean the clothes so there is high probability of this machine is accepted even if the prices are exorbitantly higher and from this, its going to be demanded by many costomers.

Helga [31]3 years ago
5 0

Answer:

The appropriate pricing strategy is price skimming

Explanation:

Penetration pricing strategy is adopted by a company launching a new product that has  many competing products in the market place whereby a low initial price is set for the product such that customer's acceptance and patronage can be gained before the product is priced appropriately.

Skimming pricing strategy relates to a unique product being priced high in order to earn returns as quickly as possible before competitors begin to copy the new product.

Under this scenario,the washing machine  is unique and would be appealing to consumers since it requires little quantity of water to make clothes clean,hence charging higher price would not deter households from purchasing it.

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You purchase a $30, nonrefundable ticket to a play at a local theater. Ten minutes into the show you realize that it is not a ve
Murljashka [212]

Answer:

1) You should go home and watch TV.

Explanation:

Since you value seeing the play $10, then you should leave the theater and go to your house to watch TV since that has a higher value for you ($12).

We are talking about opportunity costs here. Opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another. In this case the opportunity costs are:

  • watch the play = $10
  • watch TV = $12
  • read a book = $8

Since watching TV is more valuable to you, then that is what you should be doing.  

3 0
3 years ago
Which of these characteristics is NOT applicable to a multinational company?(A) It may serve only one country but have suppliers
Vinil7 [7]

Answer:

(A) It may serve only one country but have suppliers or facilities in other countries.

Explanation:

  • An MNC is a multinational enterprise as its a corporate organization that serves the goods and services and also manages the production the establishments, and thus has a plants located in at least two countries and engages in FDI foreign direct investment as the firm markets have a direct investment in the host countries equity ownership and managerial control.
  • They generally make a significant investment in a foreign country, also buying and selling licenses in the foreign markets and prover their global presence in a variety of ways like advertising costs over the global sales, pooling of global purchasing power over the suppliers, and also spreading R&D and innovation in markets.
7 0
3 years ago
-5, 10, -20, 40,<br> Pattern:<br> Conjecture for next number:
Reika [66]

Answer:

pattern: mulitplied by -2

conjecture for next number: -80

Explanation:

for each number, it gets multiplied by -2.

two negatives make a positive.

:)

3 0
3 years ago
Jessica wants to set up a manufacturing unit, so she meets with Rachel, a human resource manager at her company. Rachel explains
stiv31 [10]

In other to be able to conduct a work flow analysis and defines the outputs of the process, she needs to defines the type of products that will need to be manufactured.

<h3>What is used to define the products?</h3>

In a firm, the product mission is a statement that contains a clear and concise idea of its product's purpose.

In conclusion, she needs to defines the type of products that will need to be manufactured.

Read more about product mission

<em>brainly.com/question/1687404</em>

6 0
2 years ago
Lexus works in the handbags department of Nordstrom. She takes 3% on all purchases. She has become one of the top salespeople in
nalin [4]

Answer:

B.commission

Explanation:

Commission is a percentage paid to an employee for carrying out a particular task. Here the task is sales.

Gratuity is the amount paid to an employee at the end of employment.

Bonus is what is paid an employee in addition to base salary.

I hope my answer helps you

5 0
3 years ago
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