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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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Suppose the tax rate on the first​ $10,000 of income is 0​ percent; 10 percent on the next​ $20,000; 20 percent on the next​ $20
dsp73

Answer:

option (A) $32,000 for A and $7500 for B

Explanation:

Given:

Tax rate as:

on the first​ $10,000 of income = 0%

10% on the next​ $20,000

20% on the next​ $20,000

30% on the next​ $20,000

40% on income over​ $70,000

Income of family A = $120,000

Thus,

For A

Up to $10,000 ; tax = 0

Tax amount from $10,000 to $30,000 at 10 % tax rate

= 10% × $20,000

= $2,000

From $30,000 to $50,000 at 20 % tax rate

= $20,000 × 20%

= $4,000

From $50,000 to $70,000 at 30 % tax rate

= $20,000 × 30%

= $6,000

Tax amount above $70,000 to $120,000 at 40 % tax rate

= (120,000 - $70,000) × 40%

= $50,000 × 40%

= $20,000

Therefore,

Total tax bill for family A

= $2,000 + $4,000 + $6,000 + $20,000

= $32,000

Similarly,

For family B

Income of family B = $55,000

Thus,

Up to $10,000 = $0

From $10,000 to $30,000 at 10 % tax rate

= $20,000 × 10%

= $2,000

From $30,000 to $50,000 at 20 % tax rate

= $20,000 × 20%

= $4,000

Tax amount from $50,000 to $70,000 at 30 % tax rate

= ($55,000 - $50,000) × 30%

= $5,000 × 30%

= $1,500

Therefore,

Total tax bill for family B = $2,000 + $4,000 + $1,500 = $7,500

Hence,

The correct answer is option (A) $32,000 for A and $7500 for B

5 0
3 years ago
Which of the following is an argument against increasing social responsibility?
Novosadov [1.4K]

Answer:

What are the answers?

Explanation:

There is no picture. Maybe remake this question with a picture with the answers shown.

4 0
2 years ago
At the beginning of the year, Monroe Company estimates annual overhead costs to be $2,400,000 and that 300,000 machine hours wil
Andrei [34K]

Answer:

The amount of overhead applied during the year is $2,400,000

Explanation:

In determining overheads amounts to be included in product costing, a company uses Budgeted overheads.

Budgeted overheads are used rather than actual overheads because of the delays that are made to obtain Actual data for Actual overhead amounts which will delay product costing.

Therefore Using machine hours as a base, the amount of overhead applied during the year is $2,400,000

8 0
3 years ago
Do chefs typically go to graduate school?
Viktor [21]
No they instead transition into a culinary school

7 0
3 years ago
Read 2 more answers
A Municipal Finance Professional (MFP) lives in State A. The MFP gives $200 to the election campaign of a personal friend who is
Darya [45]

Answer:

B The payment will not result in the employing firm being banned from doing municipal securities business with State B because it was made based on a personal relationship.

Explanation:

The rule of de minimis applies to persons making donations to candidates vying for elective positions.  $250 de minimis is applicable to a person who will vote for a candidate in an election.  If a person will not vote for the candidate, the de minimis is $150.

In this case, the MFP will not be voting for the candidate.  She is allowed to donate only $150.  Any excess will be refunded.  However, since the MFP is making the donation on his personal capacity, the firm as a separate entity will not be penalized for what the MFP does with her money.  It is likely that the firm does not even do contracts with the municipality.  However, they are not based in the same area.

8 0
3 years ago
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