Answer: Marginal Cost curve will shift downward
Explanation:
In a situation whereby technological advance brings about a reduction in the amount of variable resources that are needed for the production of any level of output, then there will be a downward shift of the marginal cost curve.
Donie, CEO of a multinational tourism and leisure company, is researching cross-country differences in demographic, cultural, and market conditions. she would not likely discover that: McDonald's offers 100 percent beef-free products in its outlets in India
This is further explained below.
<h3>What is
multinational tourism?</h3>
Generally, Tourism that takes place beyond national lines is known as international tourism. Because of globalization, traveling for pleasure is now one of the most popular pastimes across the world.
In conclusion, Donie, the Chief Executive Officer of an international tourist and leisure organization, is doing a study on the demographic, cultural, and market situation disparities that exist across countries. It is quite unlikely that she would learn that: In all of its restaurants in India, McDonald's provides options that are devoid of beef in every way.
Read more about multinational tourism
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Answer:
Offer to reduce price by unbundling.
Explanation:
The term of unbundling pricing means to divide something, in this case clothes, to smaller parts. They are later sold individually.
In this case, the negotiated price is charged to the buyer. On the final bill, the statistics are showed and the differences that have been made for each individual piece of clothing.
This is a great way to introduce new products to this particular seller and also promote it. A seller will give to the buyer some gifts and form a package for them that will hold a certain, reduced price.
Even though some pieces might be on discount, or the bill would be smaller than expected, the seller doesn't suffer the loss of the profit, because this way, the buyer will buy more things and increase the overall profit.
Answer and Explanation:
There are two main pricing objective and strategy i.e competitive pricing and penetrative pricing which are explained below:
1. Competitive pricing :
In this Agatha's Inc, all five rivals should evaluate pricing models for a related kind of product. If your product has a little more value added than your collegaues, then you can establish a target price target that is higher than the competitors.
Now to do that, it's necessary to send the customer a message that they're purchasing value for a price.
2. Penetrative pricing :
When the target price is set on the basis of the competitive pricing model , it is important to obtain the product favourably from the consumer and to do so you can start selling a little lower than the target price and sell the goods as a discount or promotional deal.
If the initial sales are strong and buyers like the product then return the product to target pricing and do intensive marketing to sell the message that the product 's cost is a bargain for the value provided by the company.
The mixture of the above two pricing strategies would ensure a better positioning of Agatha's Inc product with better profitability.