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sweet [91]
3 years ago
5

While setting the price of a product, what must managers consider? A cost of the whole marketing mix B) buying capacity of the c

ustomers C) profit it should bring the company D) transportation cost E) personnel cost to the company
Business
1 answer:
Naddik [55]3 years ago
5 0

Answer:

While setting the price of a product, managers must consider all of the following: A) cost of the whole marketing mix B) buying capacity of the customers C) profit it should bring the company D) transportation cost E) personnel cost to the company

Explanation:

Key factors in calculating the sale price can be:

  • Costs are a major factor in determining the selling price and a way of forming a price that is primarily related to costs called “ground” because it represents the minimum at which the price can be set. It includes cost plus other costs with no projected or minimal profit;
  • Demand/buying capacity as a key factor in price calculation is tied to a method called the "ceiling" because capacity exceeds the price limit that customers are willing to accept to get a product or service.
  • Competition as a pricing factor refers to alternatives that customers can choose from, and competition allows them to do so;

Cost-based pricing has its sub-methods such is Cost plus method

The basic principle is to add a rate of profit to the sum of direct and indirect costs. This way price consider a profit to it should bring to company.

Direct costs include material and labor costs, and indirect or general costs comprise a portion of fixed indirect costs such as depreciation, administration costs, sales costs and other general costs.

Formula: price = Direct costs + Indirect costs + Rate of profit

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Imagine that there are two economies in the​ world: Bostonia and New Yorkland.​ Bostonia's currency is the sock and New​ Yorklan
BigorU [14]

Answer:

Yank appreciates in relation to Sock

Explanation:

A contractionary monetary policy either results in increased interest rates in New Yorkland or reduced money supply or both.

Increased interest rated would mean that people would save more to take advantage of an increased saving rate. This would cause people to save money and thus reduce the supply of money. The law of demand and supply suggests that lesser supply would up the price that is it would appreciate. This is also true as people in Bostonia may also want to save in New Yorkland thus reducing the supply further as they demand more Yank.

Reducing the money supply any other way would mean as both countries are trade partners there will be demand for Yank but as supply is constricted, it would again appreciate.

Hope that helps.

3 0
3 years ago
Which of the following is true about bonds?
nata0808 [166]

Answer:

B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

A municipal bond can be defined as a type of bond that is typically issued by a municipality, county, local government or state in order to finance or sponsor capital expenditures for the public such as water supply, construction of roads, etc.

Hence, the primary advantage to municipal bonds is that interest income received on this type of bond is not taxed by the federal government.

8 0
3 years ago
_____ can be a difficult problem for many international managers, who often come from advanced economies and believe that their
hichkok12 [17]

Answer:

Ethnocentrism

Explanation:

Ethnocentrism occurs when someone judges the culture of others by their own perspective and values, judging in a derogatory way the cultural identity of other peoples. When an international manager takes an ethnocentric stance, he is reaffirming stereotypes about some culture that are often loaded with prejudice to mark people or places based on some trait. In this matter, the manager adopted a negative and problematic posture, because in addition to advanced technology, each culture has a particular way of expressing, consuming, acting and understanding. Therefore, disregarding the characteristics and perspectives of a different culture, the insertion and development of some business strategy will not be effectively directed.

6 0
4 years ago
When there's a signal of interest by the customer to move forward with in your product, you should
Sav [38]
When there's a signal of interest by the customer to move forward with in your product, you should <span>ask them a closing question. After you have asked if they have any additional questions you are able to close your conversation with a customer with a statement or </span>question. By asking a closing question you are letting the consumer know the conversation is ending and it's time to make a committed decision regarding the product. 
3 0
3 years ago
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Stan
balandron [24]

Answer:

$14,160 F

Explanation:

The computation of the labor efficiency variance is shown below:

As we know that

Labor Efficiency Variance = (Standard Hours - Actual Hours) × Standard Rate

where,

Standard hours is

= 3,400 units × 0.5 hours

= 1,700 hours

And, the actual hours is 520 hours

And, the standard rate is $12

So, the labor efficiency variance is

= (1,700 hours - 520 hours) × $12

= $14,160 favorable

Since standard hours is more than the actual hours so it would lead to favorable variance

5 0
4 years ago
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