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Anarel [89]
3 years ago
11

As the president of Chip City a chain of home electronic stores, you are struggling with ways to attract customers to your store

s. One employee suggests temporarily marking down a few items in the store below cost to drive traffic into the store. This employee is suggesting you use a(n) _____ strategy.
Business
1 answer:
alexdok [17]3 years ago
3 0

Answer:

Loss-leader pricing

Explanation:

Loss leader pricing can be defined as a marketing strategy that entails selecting some retail products that is going to be sold below cost. This means that the retailer will not make any profit from the products being sold because the goods are being sold below the actual price.

This is done in order to get customers in the door. It is a method of enticing buyers to purchase your products.

This stategy attracts news customers because goods are being sold at significant discount to market price.

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Bradley's Copiers sells and repairs photocopy machines. The manager needs weekly forecasts of service calls so that he can sched
Mkey [24]

Answer:

Explanation:

exponential smoothing alpha = 0.5

formula = Previous demand x Alpha + previous forecast x (1 - alpha)

26   32   40   27    30

26  26  29  34.5  30.75

week 2 forecast

26x0.5 + 26x0.5 = 26.

week 3 forecast

32x0.5 + 26x0.5 = 29

use the same procedure for week 4 and week 5

week 6

30x0.5 + 30.75x0.5 = 30.375

Demand Forecast for week 6 = 30.38

5 0
3 years ago
Joanne and ed greenwood built a new barn with an attached arena. to finance the loan, they paid $1,307 interest on $45,000 at 4.
nikitadnepr [17]

Answer: The loan was taken for 265 days.

We arrive at the answer as follows:

First we find the ratio of interest paid to the total loan amount to determine the interest rate:

Interest paid  = $1,307

Loan Amount = $45,000

\frac{Int paid}{Loan amount} = \frac{1307}{45000} = 0.029044444

Since the interest rate calculated above is less than the annual interest rate at 4%, we conclude that the loan taken was for a period of less than one year.

We can determine the period for which the loan was taken as follows:

Let 'x' be the time for which the loan was taken.

We need to solve for x in the proportion below

0.04 : 365 ::  0.029044444:x

Solving we get,

\frac{0.04}{365} = \frac{0.029044444}{x}

x = \frac{0.029044444 * 365}{0.04}

x = 265.0305556

8 0
3 years ago
Cheryl is watching the weather forecast for an outdoor senior picnic project that she planned to determine whether the picnic wi
ch4aika [34]

Answer:

Monitoring and Controlling

Explanation:

Note that, in Project management  process stages there are typically five phases:

  1. initiating,
  2. planning,
  3. executing,
  4. controlling and
  5. closing.

However, from this scenario in which Cheryl is watching the weather forecast for an outdoor senior picnic project, it shows that she is monitoring and trying to control all aspects of the planned picnic project against the risk of bad weather.

4 0
3 years ago
Traditionally, the federal reserve can give emergency loans only to select one:
jeyben [28]
The federal reserve is the central bank of the United States of America. It is considered as an independent bank because it does not need permission from the President to make transactions. Moreover, it does not benefit from the Congress' budget. The federal reserve only gives emergency loans to commercial banks during times of crisis to prevent bankruptcy. 
6 0
3 years ago
Consider this scenario. During the early 2000s, the Midwestern United States experienced a drought, or lack of rainfall. This ru
Nikitich [7]
A. increase the price of tortillas
3 0
3 years ago
Read 2 more answers
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