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3 years ago

Imagine you having your own business, what would be your pricing strategy and why?

1 answer:

7 0

A good pricing strategy is difficult and it depends on what your doing/selling. You need to be reasonable with your prices or no one will buy them so you need to be extra careful when it come to pricing. For example DO NOT sell a tiny little sticker that’s barely the size of your hand for $10. That just would not be reasonable and no one will want to buy it so instead you should put the price at 1-3 dollars depending on the size and quality of the sticker.

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If inflation is increasing at 2.4 percent per year, and your salary increases at the same rate, how long will it take your salar

Oksana_A [137]

Answer:

it take 29.23 years, my salary to double.

Explanation:

To make the salary double I have to increase the value of salary by 100%. If inflation rate is 2.4 percent per year and salary increase the same rate the time period to make it double can be calculated as follow.

As every year 2.4% has compounding effect, so we will use compounding formula to solve this problem.

Target value = Existing value ( 1 + growth rate )^time period

200% = 100% ( 1 + 2.4% )^n

2 = 1 ( 1 + 0.024 )^n

2 = 1 ( 1.024 )^n

2 = 1.024^n

Taking log on both sides to solve the n

Log 2 = n Log 1.024

n = Log 2 / Log 1.024

n = 29.23 years

I will take 29.23 year to double the salary

5 0

3 years ago

How are prices determined in a free market economy

professor190 [17]

If it’s free then I don’t think they need to determine the price bc it’s free

5 0

3 years ago

The closing is conducted by the sellers agent

torisob [31]

Answer:

False

Explanation:

As we know that the closing would be conducted by the closing agent not with the seller agent. The closing agent could be the worker or the employer etc

Therefore the given statement is false

Hence, it is not a true statement

So the same is to be relevant

6 0

3 years ago

When a manager identifies an opportunity, he or she generates alternatives to pursue the opportunity, selects one of them, imple

Svet_ta [14]

Answer:

The correct answer is (A)

Explanation:

Managers are frequently called upon to make decisions. Making a decision is critically important for the success of a business; that is why it is crucial to evaluate the choices in detail. Examining the pro and cons of a decision leads towards a better conclusion. Decision-making process involves various steps, such as identifying, gathering information, choosing from alternatives, implementing the decision, and lastly to analyse the results.

6 0

3 years ago

Max, an employee at HiFi LLC, is responsible for performing the job analysis process in her organization. She is currently plann

kramer

Answer:

The correct answer is the option C: Conducting the job analysis.

Explanation:

To begin with, the term of <em>"Job Analysis"</em> refers to a method used in the organizations with the purpose of generating job descriptions and specifications in order to establish a better communication inside the organization and also to know better who the best candidates will be for future jobs. Therefore that this analysis focus on the correct comprehension from the analyst regarding the job that is being under analysis. When the analysis has began the person in charge of it will have to planned carafully the way that she will get the information for later transform it into the job description and that is why that once that the planning has been done the person needs to conduct the job analysis in order to obtain the results expect that are the proper description of the job and all of its specifications for future employees.

7 0

3 years ago