Question:
A disgruntled employee of your major competitor mails top?secret information or new product samples to you. Do you begin to do a dance on your desktop or do you immediately mail the information back to your competitor? What would you do?
a. Throw the plans or secrets away.
b. Send them to your research department for analysis.
c. Notify your competitor about what is going on.
d. Call the FBI.
Answer:
You are to Call the FBI
Explanation:
In this case, where a disgruntled employee of your major competitor mails top-secret information or new product samples to you, the right decision to make acclrding to your company's code and ethics is to contact the security agencies, which in this case is the Federal Bureau of Investigation (FBI). The Federal Bureau of Investigation would make proper investigations and take proper steps to protect your company so they(your company) won't be accused of stealing information from a competitor in time to come.
This is the best way, both ethically and legally to handle this situation.
Karina is aware that performances on Friday, Saturday, and Sunday are more popular than those on weekdays. As a result, her theater charges a higher price for weekend tickets. This is an illustration of dynamic pricing.
<h3>What role does pricing policy play?</h3>
Pricing rules help businesses maintain profitability by allowing them to sell various products differently. Your company may value having a well-defined pricing policy so that it may make price adjustments rapidly and capitalize on the strengths of its products in one or more areas. After the product is manufactured, pricing is an essential decision-making factor. The price of a product determines its future, its acceptance to buyers, and its return and profitability. It is a competitive tool. The goal of pricing for every company is to set an acceptable price for consumers while also allowing the producer to survive in the market. Every company is at risk of being pushed out of the market due to fierce competition and changes in client preferences and taste.
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Answer:
If Best Buy chose to compete by introducing online sales direct to the consumer, this would be an example of marketing change.
Explanation:
If Best Buy decided to change its conditions of sale to be able to compete with its adversary companies, that change would imply a marketing change, since it would modify the way in which the products are offered to the public.
Marketing changes are changes in the conditions of advertising and sale of products, through which they seek to renew sales through innovative supply systems, which capture the attention of consumers.
Answer:
No, not at all. You should not go for producing that good.
Explanation:
A company do business in order to earn profits. A company earns profits by selling the product, good or service they produce or provide to the consumers. But if the cost of producing the goods is more than the profits earned due to that product, then there is no use of doing business. In order to earn profits, the cost of the product produced must be less than the price of that product. The price of the product should be set at a level which can cover all the costs incurred to produce that product. So in this question, if the price is $12 and cost is $40, then there is no need to product that product any more because this product is only incurring loss to the company.
Formula: PV = FV/(1+i)^n
Symbol: PV = Present Value
FV = Future Value
i = interest rate
n = time
^ = exponent
Given: FV = $22,000
i = 5/100 x 1/4 (since it is compounded quarterly)
i = 0.02
n = 10 yrs x 4 compounded quarterly
n = 40
Solution:
PV = 22,000/(1+0.02)^40
PV = 9,963.5891 or $9,963.58
<span>
Francis should invest $9,963.58 at 8%
interest, compounded quarterly in order to have $22,000 in 10 years time.</span>
