Answer:
The price decreased in a 29%
Explanation:
For solving this problem we need to use a rule of three so imagine that the regular price ($75.99) represent a 100% because it is the total and represents the case for our calculations. Now we need to calculate which percentage does $53.99 represent for this we do a rule of three.
$75.99 --> 100%
$53.99 --> X (percentage that the new sell represents)
For solving this rule we have:
= 71%
This is the percentage that the new price represent, so to calculate the percentage decrease we should substract the total (100%) from the percentage the new price represent (71%) then we have:
Percentage decrease = 100% - 71% = 29%
Answer:
a. 25.37% and 13.28%
b. 1.97% and 2.07%
c. Costco
Explanation:
a. The gross margins for Walmart and Costco is shown below:
Gross margin = (Gross profit ÷ revenue) × 100
For Walmart,
= ($126.95 ÷ $500.34) × 100
= 25.37%
For Costco,
= ($17.14 ÷ $129) × 100
= 13.28%
b. The net margins for Walmart and Costco is shown below:
Gross margin = (Net profit ÷ revenue) × 100
For Walmart,
= ($9.86 ÷ $500.34) × 100
= 1.97%
For Costco,
= ($2.68 ÷ $129) × 100
= 2.07%
c. According to the net profit, the Costco has more profitable in 2017
In the selling concept business model, Promotion the four elements of the marketing mix is most heavily emphasized.
The concept of marketing deals with the idea of meeting customer needs through products as a solution to customer problems (needs). The concept of marketing represents a fundamental change in today's corporate orientation that forms the basis for achieving competitive advantage.
The concept of marketing refers to the strategy marketers use to target their customers, but it also helps cool the competition by maximizing profits through increased sales.
A production-based sales concept that does not consider the customer. The marketing mix concept is based on producing products that customers need and satisfying them.
Learn more about marketing mix at
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Answer:
Premium
Explanation:
Kelly's kitchen in offering kids meal with every purchase of its luxury meal pack; this is an effective method to attract customers and to improve overall sales. The method which Kelly's kitchen has opted for is known as premium. The kitchen is offering a premium or an incentive to every customer who buys their luxury meal pack. Premium is an incentive which is offered in this example.
Answer:
movement along the demand curve : An increase in the price of donuts
shift of the demand curve : A change in tastes of consumers that makes them desire more donuts
An increase in the number of consumers
Explanation:
only a change in the price of a good would lead to movement along the demand curve for that good. other factors lead to a shift of the demand curve.
an increase in the price of donuts would lead to a reducing in the quantity demanded of donuts. it would lead to a downward movement along the demand curve.
A change in tastes of consumers that makes them desire more donuts and An increase in the number of consumer would lead to an outward shift of the demand curve
