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3 years ago

Why do companies lower product prices and offer free samples?

Business

2 answers:

shtirl [24]3 years ago

4 0

Answer:

A.to find out what people want in a product

Explanation:

Companies lower the value of products in a variety of ways, the main one being when demand falls. Free sample offering typically occurs when companies want consumers to test their products. This is mainly when new products are launched. A strong corporate strategy is to associate the price drop with the offer of free samples. This will cause the company to test consumer taste at the same time and to evaluate the demand for the product tested at a certain price. If the product is well accepted by consumers, in the future the company may raise the price if the demand for the product is high.

Lemur [1.5K]3 years ago

3 0

The best choice here is A) They give out the samples and free trials as a test to see how common it is for people to be interested in their product.
Hope this helps

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denis-greek [22]

Answer:

The answer is: If Orion wants to have $3,000 in two years, he must invest $2,572.02 today

Explanation:

To determine how much money Orion has to invest today in order to have $3,000 in two years, considering he will get an 8% compound interest rate, we can use this formula:

P = FV / (1 + r)²

Where:

FV = $3,000
r = 8%

P = $3,000 / (1 + 8%)²

P = $3,000 / 1.1664

P = $2,572.02

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3 years ago

It's a good idea to call a day or two in advance to confirm your appointment. <br> True <br> False

ki77a [65]

Answer:

true

Explanation:

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3 years ago

Instructions: Read the Grand View Grocers Corporation case below.

Natali5045456 [20]

<u>Solution and Explanation:</u>

The following would be the specifications of the training module for the cashiers:

1. There would be multiple modules consisting of the job responsibilities as refresher courses and at the same time, the new market conditions and additional job related things that they must be doing in the near future would be the other modules.

2. The key areas that the multi module training program would be focussing on would be, customer relationship training, system and data maintenance training, documentation and accounting module

3. The training intervention would be preferably on job and alongside there would be a mentor/coach allotted to the cashiers who are experts in the field preferably store managers and functional experts. For the system related modules, they would be having simulation based modules. Only during the non rush-hours there would be offline training and update sessions with respect to the progress made on their training and the productivity improvement they have achieved over the past week.

The incentives associated with the productivity improvement would be translated into incentivising the cashiers to take up the training modules. The weekly update on the productivity improvement and the progress in their training would inturn make them competitive in nature. While coming to why such distribution has been done with respect to the modules, essentially if we look at the job of the cashiers, it’s a round the clock job and they would lose out on precious working hours if the training is done on an offline basis.

The simulations would definitely help understand the process but the on job training would be the one that is standing out, as they would be continuing their task and at the same time, the result is right in front on them to experience and therefore the distribution of the modules to not stress them out and at the same time not losing out on their time as well.

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3 years ago

Tanner is choosing between two mutually-exclusive investment options. These options have absolutely no risk, and Tanner can al

Reika [66]

Answer:

D) Tanner should be indifferent between the two investments, since both are equivalent to the same amount of cash today.

Explanation:

Here are the options to this question:

A) $531.40 later today, since $1 today is worth more than $1 in one year.

B) $550 in one year, since it is $50 more than he invested rather than $31.40 more than he invested.

C) Neither - both investments have a negative NPV.

D) Tanner should be indifferent between the two investments, since both are equivalent to the same amount of cash today.

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

For the first option:

Cash flow in year 0 = $500

Cash flow in year 1 = $550

I = 3.5%

NPV = $31.40

For the second option:

NPV = $631.40 - $600 = $31.40

The npv of both options are equal and postive. So, Tanner should be indifferent between the options.

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

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4 years ago

Who needs help with your work? if you need help just tell me in the thang blow.

Anon25 [30]

Answer:

Not me.

Explanation:

Have a nice day.

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3 years ago

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