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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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Slav-nsk [51]

Answer:

were situational constraints

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Since in the question it is mentioned that she is unable to attend the training as her manager thinks that there would be situation constraints which do not permit Joy for finishing the objective

So the above represent the answer

6 0
3 years ago
Sylvester is 57 and his company is downsizing. He knows that his position is one that will be cut so he has started to prepare h
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6 0
3 years ago
Suppose that in the second year her average total cost per dog is $35 and that $20 of that is associated with the variable cost.
jok3333 [9.3K]

Answer:

She should stay open, because the revenue of from dog grooming ($30 per dog), is still high enough to cover her variable cost of $20 per dog, even though she is operating at a loss.

Explanation:

Profit = Revenue - Total costs

Total costs = Fixed costs + variable costs

Profit = $30 - $35 = -$5 per dog

This shows she is operating at a loss of $5 per dog.

If a company does not make enough revenue to cover its total costs, then it is operating at a loss.

However such a company must consider its variable cost before deciding whether to shut down.

A company should only shut down if it is unable to make enough revenue to cover its variable cost.

If a company is operating at a loss but can at least cover its variable cost, then it should stay open at least in the short run.

6 0
3 years ago
An investment earns 35% the first year, earns 40% the second year, and loses 38% the third year. The total compound return over
Vladimir79 [104]

Answer:

17.18%

Explanation:

compound return = ( 1 + 0.35)x (1 + 0.40) x (1-0.38) - 1

1.35 x 1.40 x 0.62 - 1 = 17.18%

6 0
3 years ago
leaders in the industrialized world see booming populations in the least industrialized nations as a threat to: a= the continued
docker41 [41]
The right answer for the question that is being asked and shown above is that: "a= the continued expansion of their own nations." Leaders in the industrialized world see booming populations in the least industrialized nations as a threat to the continued expansion of their own <span>nations</span>
8 0
3 years ago
Read 2 more answers
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