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Brut [27]
3 years ago
9

"Mark Williams has suggested the continuance of premium pricing for Rich Roast Coffee. Explain the strategic role of premium pri

cing, and describe the economic circumstances in the marketplace that would encourage the use of this pricing strategy"
Business
1 answer:
Eddi Din [679]3 years ago
3 0

Answer:

The strategic role of premium pricing is to create the perception that the products is superior to other competing products.

Explanation:

A premium pricing sets the price of a product higher than competing products. This strategy will automatically make the product stand out.

The economic circumstances that would encourage this pricing strategy include high demand for this particular product as well as a larger addressable market for it.

Generally speaking, increasing the price will also create better customer service, PR and clout. That will create an emotional connection with potential customers.

Creating and maintaining a premium brand with a steady and increasing premium patronage is the goal as suggested by Mark Williams for Roast Coffee.

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Which of the following would tend to shift the supply of dollars in the market for foreign-currency exchange in the open-economy
scoundrel [369]

Answer:

The right answers are either b. or d., or both.

Explanation:

When the dollar loses value, there is higher demand for foreign imports in a country because they become cheaper. When the dollar gains  in value, a foreign country´s exports increase. Changes in the value of currencies reflect changes in demand and supply. An increase in exports will shift the demand curve of the dollar higher. A reduction of imports will have a contrary effect.

5 0
3 years ago
Delta Company purchased an equipment by signing a note with the bank for $20,000. Which of the following statements correctly sh
olya-2409 [2.1K]

Answer:

(B) Assets will increase by $20,000, liabilities will increase by $20,000, and stockholders' equity will remain unchanged

Explanation:

Signing a note of $20,000 with a bank to purchase an equipment will have the following double entry in the books of the borrower.

Debit Equipment (asset) account $20,000 (an increase in assets)

Credit Bank Notes (liability) account $20,000 (an increase in liabilities).

8 0
3 years ago
1. What is a supply chain? How can managerial accountants help to improve the supply chain?
murzikaleks [220]

Answer: 1a. A supply chain is the summation of processes involved in ensuring that goods manufactured by a company gets to the final consumer.

Explanation:

1b. Managerial Accountants can improve the supply chain by looking out for hitches in the distribution cycle of goods and being proactive about handling them. Some measures to achieve these are;

1. Effective Logistics Network - All the resources used on logistics such as vehicles, Information technology devices/software, human resources, etc., should be regularly checked to be in good form at all times and equally, efficient.

2. Stock Control - Goods that may be required by costumers at any point in time should always be available.

3. Efficient Payment System - All resources used for payment including bank account information point of sale machines, should be regularly checked to be in good order.

4. Distribution Strategies - A clear cut map should be put in place by the management to facilitate an efficient and prompt delivery system. This can be done by strengthening all departments involved in distribution.

2. Sustainable Practices are those methods of production or initiatives, adopted by companies that seek to limit damage to the environment. An example, is recycling. These practices are geared at ensuring a safer world.

I would invest in a company that discloses their sustainable practices, first, because I believe they are transparent, and secondly because I believe that such companies aim at being enduring companies which are evolving and living up to the demands of a cleaner earth.

7 0
3 years ago
What are examples of business, management, and administration careers?
Genrish500 [490]
<h2>Answer</h2>
  • Sales Manager
  • General Manager
  • Head of Administration
<h3>Explanation</h3>

Mentioned are some of the careers that fall in the stated categories. Business would include any career related with the field of finance, marketing, supply chain, distribution and so on. Management is more connected with positions where resources has to be managed and administration is one of the types of management.

3 0
3 years ago
Read 2 more answers
WHOEVER ANSWERS THIS IN 2 MINS GETS BRAINLIEST!!
Travka [436]

Answer:

I answered this in your other question However... Different countries have different advertising/promotional laws. Plus you have no target market if you're creating a promotional message to use for all countries. Also, assuming if your promotional message inspired, say a person in Africa, a person in Russia, a person in China, and a person in Japan bought a product from your promotion, you would have to ship to all of those countries with extreme shipping rates.

4 0
3 years ago
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