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Svet_ta [14]
3 years ago
13

a guitar manufacturing company, launched 1000 high-quality, limited-edition guitars worldwide at a premium price of $10,000 per

guitar. The company offered the lower-priced version of the same guitar after the first 1000 limited-edition guitars were sold out. In the context of pricing strategies, it can be concluded that Timber Guitars has adopted the strategy of _____.
Business
1 answer:
larisa [96]3 years ago
7 0

Answer:

skimming prices

Explanation:

Based on the scenario being described it can be said that it can be concluded that Timber Guitars has adopted the strategy of skimming prices. This is a a pricing strategy in which a company or marketer sets a relatively high starting price for their products in the beginning of introducing it into the market, then only after some time has passed do they begin to lower prices slowly. Which is what Timber Guitars has done by placing the guitar at a very high price and only lowering it after a good quantity were sold.

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Management by objectives includes developing and issuing assignments, plans, procedures and protocols to accomplish tasks.

<u>Explanation:</u>

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There are certain management characteristics of NIMS. Some of them are common terminology, modular organisation, management by objectives, incident action planning and many more.

4 0
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Answer:

(B)

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4 0
3 years ago
Pharoah Company began operations in July 2020. At the end of the month, the company prepares monthly financial statements. It ha
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Answer:

1.At July 31, the company owed employees $1,100 in salaries that the company will pay in August.

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DR Salaries Expense.................................................$1,100

CR Salaries Payable.................................................................$1,100

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2.On July 1, the company borrowed $20,000 from a local bank on a 10-year note. The annual interest rate is 12%.

July entry would be;

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CR Interest Payable ............................................................$200

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<u>Working</u>

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DR Accounts Receivable .......................................$3,000

CR Service Revenue ...............................................................$3,000

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3 0
3 years ago
Which form of business ownership is the most complex and difficult to form, and why?
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Hope this helped though! 
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Answer:

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