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Lelechka [254]
3 years ago
12

Help with Economics Unit 2 Portfolio?

Business
1 answer:
Galina-37 [17]3 years ago
7 0
<span> 1. Why are sports teams considering switching to a variable-pricing strategy for tickets?

Answer: The sports teams consider switching to variable pricing strategy since this strategy was proven to be effective by the application of other industries

</span><span> 2. How will the change in prices affect demand for each product? 

Answer: The change in prices is indirectly proportional to the demand for each product. Since the decrease in price increases the demand for the product. </span>
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The video says only a handful of companies make eyeglasses and they mark them up 10 or 20 or more times. Markup pricing is best
Alborosie

Answer:

Option A: Adding a predetermined percentage of the cost to the cost of the product

Explanation:

Price

This is simply refered to as money or other thing that ia used i exchanged for the right, ownership or use of a good or service.

Markup

This is commonly defined as thd difference between the cost price and the selling price of an goods or services that the business gives. it is the dollar amount listed or added to the cost of products to get the selling price. It is fondly called Gross Profit , Markup Margin or Margin, Gross Margin.

Standard Markup Pricing

This is the difference between selling price and cost. It is usually called as a percentage of cost.

The need for a markup is that business gather up expenses in order to be in a position to sell goods or services, and the markup covers these expenses and other factors

8 0
3 years ago
According to Goldratt, Multiple Choice a product coming out of a non-bottleneck is precious and should not be wasted. an hour lo
Vlad1618 [11]

Answer:

The correct answer is an hour lost at the bottleneck is an hour lost for the entire system.

Explanation:

This was one of the rules of the book "The goal", by Eliyahu Goldratt. It means that the bottleneck resources are those that have capacity limitations that lead to limiting the entire production process. For this reason it is necessary to make an evaluation of each one of the processes with a direct impact on the production of the product, in order to ensure that none will present determinants that impact the entire chain.

6 0
3 years ago
Broker Bill has several agents in his employ. Agent Smith, an "S-Corporation" himself, has his commission checks written out to
algol [13]

Answer:

C. managing broker over Agent Smith

Explanation:

a managing broker is someone is  held liable over the actions of another broker office or agency that act on the managing broker's behalf. Thse office or agnecy are allowed to act without direct order from the managing broker, but managing broker will be the one that receive all the consequences.

All the profit that is made by managed entity (in this context agent smith) will have to goes to managing broker first and the managing broker will share the profit on a private term with Agent Smith.

In return, the managing broker will have to ensure that all of the agents that he/she has under disposal have to follow the compliance rule that is made by the government. He will manage the licence and annual tests of the agents in order to ensure consumer safety.

3 0
4 years ago
Under Armour uses its website to sell its products, but Nathan Shriver, art director of Interactive, believes that what the webs
Vlad1618 [11]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Friendlier to the customer

b) Recognizable in retail stores

c) Seem special compare to off-label gear

d) Part of the consumer's daily life

e) Seem of higher quality than Nike

And the correct answer is the option D: Part of the consumer's daily life.

Explanation:

To begin with, when Nathan Shriver says that he believes that the website and advertising of the company does is to make the brand more part of the consumer's daily life refers that in the end it is that action what truly makes the company to increase its sales due to the fact that thanks to the marketing campaigns now the brand is more important in the life of the consumers and more due to the fact that those advertising make them understand that the use of Under Armour's products is essential to every day training and movement that the clients might face.

7 0
3 years ago
Full-service advertising agency refers to
sdas [7]

Answer:

An advertising agency that provides the most complete range of services including market research, media selection, copy development, artwork and production.

Explanation:

Advertising can be described as the various strategies used to create an awareness of a product to the public. The main objective of advertising is to persuade potential customers to purchase the product.

Full service advertising offers a complete range of services which include carrying out an extensive market research on the product, a good media management, excellent design and packaging of the product.

Hiring the services of full advertising agencies creates room for a team of specialists to work together inorder to boost the sales of the product. It also provides enough time for the management of an organisation to figure out new ways to strategize their business.

8 0
3 years ago
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