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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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Which statement about demand is true?
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Answer:

B. the demand for a product and its price has a direct relationship

Explanation:

demand comes from the price which ultimately effects the proportions with the consumers purchasing the product. if the product is good enough with a fair price to come with it, the demand will increase, or if a product becomes more scarce the demand for it will increase along with the price raising.

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Why is it important to maintain network relationships, even after you have found a job?
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7 0
3 years ago
Read 2 more answers
A set of speakers may be purchased now for $1000 or by making a down payment of $150 and additional payments of $100 at the end
victus00 [196]

Answer:

the nominal annual interest rate on the payment plan is 15%

Explanation:

According to the question, a one-time payment for the speakers will cost $1,000

An installmental payment will have a $150 down payment and then another $100 fro ten subsequent months.

Calculating the total payment at tthe end of the payment plan will give

$150 + ($100 x 10months)

we have, $150 + $1,000 = $1,150.

This shows that at the end of the payment plan, the set of speakers would have cost $1,150 instead of $1,00 one-time payment.

Step 2:

To calculate the interest rate, we subtract the one-time price from the payment plan price and express it as a percentage of the one time price to get tthe interest rate.

$1,150-$1,000 = $150

then we have,

($150 ÷ $1,000) × 100%

= 0.15 × 100%

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The nominal annual interest rate is 15%.

Cheers.

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3 years ago
Which of the following helps economists judge the overall condition of a
Svet_ta [14]

Answer:

Measuring economic indicators helps economist judge the overall conditions of a country's economy.

Explanation:

7 0
2 years ago
Common uses of the statement of cash flows include all but which of the following?
Sphinxa [80]

Answer: Option D

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Cash flow statement is used by the management to evaluate the performance and for making plans for future. It is also used by potential investors for evaluation purposes.

Government do not need cash flow to asses ability of the company. The tax obligation on a company is calculated on its income which is shown by other financial statements like income statement.

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