The pricing strategy that calls for a new product being priced high to make optimum profit while there is little competition is called as Skimming price strategy
Skimming Pricing, also known as price skimming, is a pricing strategy that sets the price of new products higher and lowers them when competitors enter the market. Skimming prices are the opposite of penetration prices, which set lower prices for newly launched products in order to build a large customer base from the beginning.
Skimming pricing strategy refers to setting relatively high initial prices for new products or services for early adopters who are not price sensitive when there is a strong relationship between price and perceived quality. .. Prices can go down over time.
An example of a skimming strategy can be found primarily when major technology companies such as Apple, Samsung, and Sony are developing new technologies that are known to be in high demand.
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Answer:
Absorption costing unit product cost $240
Explanation:
The computation of the absorption costing unit product cost is shown below/;
Direct materials $131
Direct labor $65
Variable manufacturing overhead $12
Fixed manufacturing overhead cost $32 ($118,400 ÷ 3,700)
Absorption costing unit product cost $240
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<span>Product line extensions are current products that have been modified.
Answer:True</span>
Answer:
a. It is important to strike a balance between objectivity and positivity in a report.
Explanation:
A standard business report should be well-researched, objective, and presented in a formal format. The facts should be clear. Data presented must verifiable.
Objectivity is crucial in a business report. The business report should be framed from the company's perspective. The report must remain impersonal. For example, if the sales for the year dropped, don't say the sales were horrible. Let the numbers speak for themselves. Objectivity requires information to be presented as is; without any manipulations.
The choice of words and phrases is critical in business reporting. Caution should be taken, especially if the performance is below expectations. A poorly worded statement may send investors into a panic mode, which can affect share prices adversely. Positivity in words and body language help increase investor confidence.
Answer:
Excluded when calculating GDP because they do not reflect current production.
Explanation:
Transfer payments such as medicare, social security, medicaid, unemployment benefits, and other welfare programs are not calculated in GDP because they do not represent government purchases of goods and services, or in other words, they do not reflect goods and services currently produced and purchased.
They are instead, resources that the government takes either in the form of taxes, debt, or money supply, and allocates, or transfers, to specific recipients.
