Answer:
Yes
Explanation:
Pricing plays an essential role for a product and organisation. At a very basic level, an organisation exists to make profit. A price must cover the cost of a good sold.
Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.
Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.
Answer:
c
it reduces the number of channels example, by using email and short message servicing
Coca Cola follows a price discrimination strategy in its marketing mix and the target market is younger customers within the age bracket of 10-25.
<h3>What is Marketing mix?</h3>
These are set of marketing tools that the firm uses to pursue its marketing objectives in the target market.
Coca Cola follows a price discrimination strategy in its marketing mix means that they charge different prices for their products and its target market are young customers.
Read more about Marketing mix here brainly.com/question/859394
Answer:
As a result of the price floor, price would increase. As a result, quantity demanded will decrease and the quantity supplied would increase.
Supply would exceed demand and as a result there would be an excess supply of fish.
As an alternative to the price floor, the government can subsidise the cost of fishing. This would reduce the cost of producing fish
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Answer:
Check the explanation
Explanation:
a1.Present value of $8500=$8500
the Present value of $3000 a year for 5 years=$3000*Present value of annuity factor(9%,5)
the Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate
=$3000[1-(1.09)^-5]/0.09
=$3000*3.889651263
=$11668.95(Approx)
The Present value of $41000=$41000*Present value of discounting factor(rate%,time period)
=$41000/1.09^5
=$26647.19(Approx).
Therefore $41,000 received at end of five years is a better value.
