Answer:
The money paid; overall sacrifice
Explanation:
Price: It refers to the amount of money paid to acquire a specific quantity of goods and services. It is also a measure of value.
Price to some consumer is the overall sacrifice made to acquire a product. It is the money paid in exchange for a Commodity.
Prices can be affected by demand or supply of goods.
If the demand for a product is higher than its supply, then price of the product will increase.
If the supply of a product is higher than its demand, then price of the product will fall.
Demand is the amount of goods and individual is willing to buy at a particular price over a period of time. Consumers tend to maximize utility by buying more quantity of a product at a lower price.
Supply is the amount of goods and services a producer is willing to sell at a particular price over a given period.
Producers tend to maximize Profit by selling more quantity of goods at a higher price.
Price is the major determinant of how much to demand and how much to supply at a point in time.
Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just to save a few dollars on a packet of cigarettes. Elaine perceived price as the money paid for a good or service, while most consumers recognize price as the overall sacrifices made to acquire a good or service.
Answer:
<u>Marketing mix.</u>
Explanation:
Marketing mix is defined as a set of elements that make up marketing actions in an organization. According to Kotler, the purpose of the marketing mix is to help the company achieve its goals in the market by using a set of marketing tools.
There are several models developed to represent the marketing mix, but the most used by organizations is represented by four essential pillars for the development of any marketing strategy, which are the 4P's of marketing: <u>product, price, place and promotion</u>. For each variable there are distinct and relevant activities:
- Product: Differentiation of design, packaging, brand. Warranty Policy
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Price: Discounts and terms of payment and financing.
- Place: Store, distribution channel, logistics.
- Promotion: Advertising, promotions.
Answer:
COGS= $158.4
Explanation:
Giving the following information:
August 2: 10 units were purchased at $12 per unit
August 18: 15 units were purchased at $14 per unit
August 29: 12 units were sold.
First, we need to calculate the weighted-average purchasing price:
weighted-average purchasing price= [(10*12) + (15*14)]/25
weighted-average purchasing price= $13.2
COGS= 12*13.2= $158.4
Answer:
her business plan document
Explanation:
A crucial criteria to receive funding from banks is to have a detailed business plan document.
This document would explain Mercy' mobile bakery business:
1. financial needs and viability,
2. marketing strategy,
3. Competitor analysis,
4. Service process etc
The bank has the responsibility of analysing this document and then making a decision whether to grant her funds.
Answer:
The answer is "Option D".
Explanation:
Using the formula for calculating present value:
that's why "Option D" is correct.
