when it comes to saving money, the best thing to do is to not spend the money.
Pricing objectives should be stated explicitly, stated in measurable terms, and specify they have a direct effect on pricing policies as well as price setting methods.
The pricing techniques are developing, skimming, and following. develop: putting a low price, leaving a maximum of the fee in the palms of your clients, shutting off margin out of your competition.
A pricing policy is an organization's method of determining the fee at which it offers a good or provider to the market. Pricing guidelines assist organizations to ensure they continue to be profitable and supply them with the ability to price separate products otherwise. A business enterprise gives up instantaneous earnings in trade for accomplishing a higher market proportion. merchandise is priced low. Pricing objective: Maximising current profit. objectives may be set and overall performance measured speedy.
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A. they have a direct effect on pricing policies as well as price setting methods.
B. they are signals given to competing firms.
C. they form the basis of shareholder expectations about a firm's prospects.
D. it is required by law.
E. they are signals given to consumers.
Hence, the answer is option A.
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<span>the demand for motor oil would tend to be price inelastic.</span>
Answer:
D. Economic value created.
Explanation:
The reason is that the economic value created is the difference between the price the customer is willing to pay and the cost that the product actually costs to the firm.
Following is the formula for calculation of economic value created:
Economic Value Created = Value customer willing to pay - Cost of product
Here the television costs $400 to the firm and the customer is willing to pay $600 for the television. So by putting the values we have:
Economic Value Created = $600 - $400 = $200
So the correct option is option D.
Answer:
b. are clear in their own minds about the scope of the negotiations.
Explanation:
Shadow negotiations refer to the unspoken assumptions that determine how those involved in a deal with each other, whose opinions get heard, whose interests hold sway. Therefore, this is important so the negotiators are clear in their own minds about the scope of the negotiations. Meaning that they go into the negotiation knowing who has more bargaining power and how far they can actually take the negotiation.
