1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The Federal Open Market Committee promotes price stability and economic growth through
damaskus [11]
Federal Open Market Committee holds regularly scheduled meeting per year. Meeting's agenda includes reviews economic and financial conditions. They also determines stance of monetary policy and assesses the risk to its long run goal of price stability and sustainable economic growth.
4 0
3 years ago
Read 2 more answers
Identify the career described in the example
faust18 [17]

Answer:

Not Positive but A, D, C

Explanation:

Felicia description is about "She operates her harvester"

Oscar  description is about "Oscar orders, stocks, and sells parts"

Jodi is about "fixing broken truck and tractor engines" at various locations thus Mobile

7 0
2 years ago
Read 2 more answers
In examining its monthly bank statement, a company discovers that that its account was credited $30 for interest earned. The ent
Delvig [45]

Answer:

Added to Cash Book Balance in Bank Reconciliation Statement

Explanation:

Bank Reconciliation Statement BRS is made to correct for the mismatch between bank balance as per cash book & bank balance as per pas book.

If account has been credited (added) with $30 for interest earned, discovered later i.e not recorded in cash book : The amount has been added in passbook , but not in cashbook.

So, to match the difference : Interest earned but not recorded = $30 will be added to 'Favourable Debit balance as per cash book' , to achieve 'Favourable Credit balance as per pass book' in the BRS.

6 0
3 years ago
Which promotion exemplifies the use of a fixed-ratio schedule of reinforcement?a café prints "you are a winner" on a random one-
VARVARA [1.3K]
<span>Which promotion exemplifies the use of a fixed-ratio schedule of reinforcement? A café prints "you are a winner" on a random one-twelfth of its coffee lids; patrons receiving such a lid can redeem it for a free beverage. A fixed-ratio schedule of reinforcement, which a response is reinforced when there is a set number of responses. Every set number of people purchasing the coffee have a chance to win a free beverage. </span>
6 0
3 years ago
If a company purchases equipment costing $4,500 on credit, the effect on the accounting equation would be: Multiple Choice Asset
Firdavs [7]

Answer: Assets increase $4,500 and liabilities increase $4,500.

Explanation:

An asset are the properties which a business or an organization owns. An asset possess an economic value.

Since the equipment purchased is an asset, this will lead to an increase of assets by $4500 and since it was bought on credit and hasn't been paid for, liabilities will also increase by $4500.

8 0
3 years ago
Other questions:
  • Most of the managers and team members of Wilbesht, a pharmaceutical company, are under the age of 40. The structure of the compa
    14·1 answer
  • Bill and Fred bake cookies and pies. Bill's opportunity cost of baking 1 pie is 5 cookies. Fred's opportunity cost of baking 1 p
    9·1 answer
  • A company will need ​$60 comma 00060,000 in 88 years for a new addition. To meet this​ goal, the company deposits money in an ac
    12·1 answer
  • which of the following paycheck withholdings puts money into a retirement investment fund that you will manage?
    13·1 answer
  • Describe how a job interview is affected by your clothing and body language
    8·1 answer
  • WILL GIVE BRAINIEST 3 SENTENCES OR MORE
    9·1 answer
  • Consider the following financial data for a company that is preparing its cash flow statement: Amortization expense $ 150,000 Ca
    15·1 answer
  • The average U.S. worker is MOST likely to hold about _____ jobs between the ages of 18 and 25. Please choose the correct answer
    9·1 answer
  • Baxter Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 5.6 percent coupo
    15·1 answer
  • Select the question that can be answered using only raw data. Multiple choice question. Which of the perishable items used by a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!