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Lera25 [3.4K]
3 years ago
12

Lowering the price from $ 3.50 to $ 2.25 results in an output effect of ​$ nothing and a price effect of ​$ nothing. ​(Enter you

r responses as whole numbers and include a minus sign if​ necessary.)
Business
2 answers:
Ostrovityanka [42]3 years ago
5 0

Answer:

Lowering the price from $3.50 to $2.25 results in an output effect of $2.25 and a price effect of -$1.25

The pricing decisions for a product are affected by internal and external factors.  

A. Internal Factors:

1. Cost:  

While fixing the prices of a product, the firm should consider the cost involved in producing the product. This cost includes both the variable and fixed costs.  

2. The predetermined objectives:  

While fixing the prices of the product, the marketer should con­sider the objectives of the firm. For  

3. Image of the firm:  

The price of the product may also be determined based on the image of the firm in the market. For instance, HUL and Procter & Gamble can demand a higher price for their brands, as they enjoy goodwill in the market.  

4. Product life cycle:  

The stage at which the product is in its product life cycle also affects its price.  

5. Credit period offered:  

The pricing of the product is also affected by the credit period offered by the company.  

6. Promotional activity:  

The promotional activity undertaken by the firm also determines the price. If the firm incurs heavy advertising and sales promotion costs, then the pricing of the product shall be kept high in order to recover the cost.  

B. External Factors:

1. Competition:  

While fixing the price of the product, the firm needs to study the degree of competi­tion in the market. If there is high competition, the prices may be kept low to effectively face the competition, and if competition is low, the prices may be kept high.  

2. Consumers:  

The marketer should consider various consumer factors while fixing the prices. The consumer factors that must be considered includes the price sensitivity of the buyer, purchasing power, and so on.  

3. Government control:  

Government rules and regulation must be considered while fixing the prices. In certain products, government may announce administered prices.

4. Economic conditions:  

The marketer may also have to consider the economic condition prevail­ing in the market while fixing the prices.  

5. Channel intermediaries:  

The marketer must consider several channel intermediaries and their expectations. The longer the chain of intermediaries, the higher would be the prices of the goods.

Citrus2011 [14]3 years ago
3 0

Answer:

Question: Sally runs a vegetable stand. The following table shows two points on the demand curve for the heirloom tomatoes she​ sells:

                  Price                  Quantity demanded per week

                $ 3.00                         200,000

                 $ 1.75                         300,000

lowering the price from $3.00 to $1.75 results in an output effect of _______ and a price effect of _______

Answer: Output effect of = 1.75 * 100 = $175,000

              Price effect of =  1.25 * 200000

                                      = -$250,000

Explanation:

Output effect: there would be an increase in quantity sold by 100,000 units at $1.75. This gives the out to be sold

Price effect: since Sally reduces the price to $1.75, she would make a lose of $1.25 ($3.00 - $1.75) on the 200,000 units that could have been sold at $3.00

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Rinker Audio Products wants to adopt the total quality management (TQM) philosophy as developed by, among others, W. Edwards Dem
natta225 [31]

Answer:

Option (a) is correct

Explanation:

Total quality management is a process by which a business aims to minimize errors, with maximizing it's output, laying immense emphasis on product quality and customer satisfaction.

Such an approach was developed by Edwards Deming who emphasized upon efficient production, reduction of defects and wastage and continuous employee learning process that enhances the skills.

The focus of TQM is upon minimizing defects and errors as well as providing quality products to customers.

Such a process calls for, all those individuals who are involved in the production process to assume responsibility for product defects and errors.

TQM lays emphasis upon improving internal practices prevailing within the company which yield desired results.

Thus, one of the facets of such an approach being, improvement of supervision by allowing more time to supervisors to work and coordinate well with employees.

3 0
3 years ago
Chen incurred $ 58, 500 of interest expense this year related to his investments. His investment income includes $ 15,000 of int
nadya68 [22]

Answer:

d. $ 46,500

Explanation:

Particulars                 Amount         Remarks

Interest income         $15,000          Given

Qualified dividends   $9,000           Given

Net capital gain         $22,500         Given

Total                           $46,500

The maximum amount of Chen's Investment interest expense deduction for the year is $46,500

7 0
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What term references a period of economic growth as measured by a rise in the real GDP?
Arturiano [62]
I would guess C. expansion

Both B and D are both negative that describe economic declines and a trough is a turning point in a business cycle. So, by the process of elimination, I would choose C.
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3 years ago
Stanley Corporation manufactures an electronic switch for dishwashers. The cost base per unit, excluding selling and administrat
sammy [17]

Answer:

So markup percentage will be 8 % on total unit cost

Explanation:

We have given that cost base per unit including selling and  administrative expenses is $60

per unit cost of selling and and administrative expenses is $15

The company desired ROI per unit is $6

We have to calculate the markup percentage on total unit cost

Markup percentage on total unit cost is given by '

markup percentage = \frac{desired\ ROI}{cost\ base\ per\ unit+ The \ per\  unit \ cost \ of \ selling \ and \ administrative\  expense}=\frac{6}{60+15}=0.08=8%  

So markup percentage will be 8 % on total unit cost

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<h3>♫ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ♫</h3>

➷ The correct option would be C. influence wielded as a result of​ expertise, special​ skill, or knowledge.

<h3><u>✽</u></h3>

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ ♡

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