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Sveta_85 [38]
3 years ago
15

METS Pens, a pen manufacturing company, sometimes gives away some of its gel pens practically for free but reaps handsome profit

s as customers buy pen refills. In the context of pricing strategies, it is evident that METS Pens has adopted a strategy of _____________ .
Business
1 answer:
Luda [366]3 years ago
5 0

Answer:

Loss leader strategy

Explanation:

A loss leader is a strategy in which an item or administration that is offered at a value that is not beneficial, yet it is offered to pull in new clients or to offer extra items and administrations to those clients. Loss leading is a typical practice when a business first enters a market. Basically, a loss leader informs new clients with an assistance or item in the desire for building a client base and verifying future repeating income.

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How much is 1 million british pounds worth in us dollars?
SIZIF [17.4K]
Answer: 1 million in British pounds converts to 1221650.00 US Dollars

I hope this helps! :)
7 0
3 years ago
Explain how you will use each of the five P's of the marketing mix to achieve
bulgar [2K]

Answer & Explanation:

To determine the brand image goal, it is essential to identify the targeted market, segments first - who the brand serves and then conduct the market research to understand the demand, the tastes and preferences of the targeted customers.

Based on these information, we can use marketing mix to achieve the goal.

Product

If the brand has already chosen the sector to operate it, it should base on the market taste and demand to determine things related to the product, including: the functions, packaging, appearance, added value for customers, quality, and other supported services (such as warranty). These are information that customers usually consider when they make a purchasing decision. So that the brand should clarify the information about features of products, add benefits that the users can earn from the products.

Price

When determining the pricing strategy, the brand does not only consider the product price but also discounts policy, credit terms, etc. These would base on the position of the brand in the marketplace (in low price, premium or low-medium, etc. and providing high, low or medium quality products, etc.). This bases on the products the brand offers after considering the consumption habit, power of the targeted segments.

Place

Brand has to identify where the products are seen, distributed and purchased so as to approach the largest amount of potential customers. In the place strategy, the prioritized goal is to assure the products are accessible to the targeted customers. (For example, the brand can provide their products at convenient stores if this is the more preferred shopping places of targeted customers.)

Promotion

This refers to the activities to make the brand known more and attract more buyers, including types of advertisement, sponsorship, etc. There are two most common ways of promotion is promote directly the users or promote the distributors (the wholesalers) to import and sell the products of your brand.

People

The people strategy involves in the image of people participated in the brand such as staff, salesperson, other employees. This affects mainly the customer services - which would have considerable impact on the perception of customers about the brand. The people strategy can base on the image they want to target, for example to be basic, friendly or to make the customers feel the vibe of luxurious brand.

3 0
3 years ago
Louis Petit, a manager of Doggone Gorgeous, Inc., was reviewing the water bills of a dog daycare and spa. He determined that its
Sergeeva-Olga [200]

Answer:

Fixed cost = $1100

Explanation:

given data

Highest bill = $3,800

lowest bills = $2,000

dog washed in May = 600

dog washed in November = 200

to find out

fixed cost associated with the company's water bill

solution

first we get here variable cost that is express as

variable cost = (Highest bill - Lowest bill) ÷  ( Dogs washed may - Dogs washed November )  ...........1

put here value we get

variable cost = \frac{3800-2000}{600-200}

variable cost = $4.5 per dog

so fixed cost will be here as

Fixed cost = Total cost to wash 600 dogs - Variable cost to wash 600 dogs

Fixed cost = $3800 - $4.5 × 600 dogs

Fixed cost = $3800 - $2700

Fixed cost = $1100

7 0
3 years ago
Which parts of the federal government played a major role in stabilizing the economy after the 2008 economic crisis
RUDIKE [14]

The parts of the federal government that played a major role in stabilizing the nation after the Great Recession were:

  • The President
  • Congress
  • The Fed

President Obama instituted several Executive Orders aimed at helping the economy and also proposed laws to Congress as well that would help the economy.

Congress passed several laws that increased federal government intervention and made the financial system more secure to help the nation stabilize after 2008.

The Federal Reserve engaged in an aggressive expansionary monetary policy that saw more money pumped into the economy such that the economy was able to rebound.

In conclusion, several federal bodies did what they could to help the nation stabilize after the Great Recession.

<em>Find out more at brainly.com/question/9721072. </em>

8 0
2 years ago
What are the two most important skills or traits that a professional should posses?
Elis [28]
I would say confidence and intelligence but it also depends on the profession. If their is an answer selection please provide it.
8 0
3 years ago
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