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Naily [24]
3 years ago
10

When a firm charges each customer the maximum price that the customer is willing to pay, the firm:_______.a) charges the average

reservation price.b) engages in first-degree price discrimination.c) engages in second-degree price discrimination.d) engages in a discrete pricing strategy.
Business
1 answer:
juin [17]3 years ago
6 0

The Answer is: A. engages in first-degree price discrimination.

Explanation: First degree happens when a business charges the maximum possible price for each unit of goods consumed.

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horsena [70]

Answer:

In order to let customers know about this product, an advertising campaign should emphasize on marketing.

Explanation:

Marketing is a tool that can be used to reach more people and also offer better services at a good price at the same time. For marketing to work effectively for your product, one has to utilize effective marketing strategies as follows;

  • Conduct proper research on the target audience; the target audience is the potential customers that this product is to be sold to. Adequate and proper research on the target audience is necessary to determine their preferences in terms of product quality, price and product accessibility. Other preferences can also be determined depending on the scope of the research
  • Create a blog or website for your product; blogs or websites can be created to provide information about your product online. This means that anyone who has access to a computer or a smart phone with good internet can easily get information about your products and possibly buy.
  • Market your product through social media; social media has become a global market due to the huge number of social media users. One can simply create a social media account, and connect with a number of potential customers. The campaign team can even decide take sample pictures of the shirts and share them to potential customers. The team will also need to include additional information concerning the product.
  • Offer discounts; everyone loves to pay less for a product. So a carefully determined discount can attract more customers to the product since a lower price will attract additional customers that maybe could not afford the product prior to the discount.

All these marketing strategies if well implemented can take a business a long way in terms of sales.

5 0
3 years ago
Complete the following statement. Merchandise inventory that is still available for sale is considered a(n) (asset/expense/reven
Taya2010 [7]

Answer:

Asset

Balance Sheet

Expense

Income statement

Explanation:

An asset is defined as a property of company, from which future economic benefits will arise, as for inventory in hand, the inventory can be sold in future and then future benefits will arise from such sale. Thus, it is an asset and assets are reported in balance sheet.

The expenses are the cost associated to earn the revenue, as when any inventory is sold the inventory is recorded as an expense called cost of goods sold, which is recorded in income statement.

8 0
3 years ago
Read 2 more answers
Which situation would increase the scarcity of a product?
Anestetic [448]

Answer:

B. one of only 2 factories that made the product shuts down.

7 0
2 years ago
In 2008, Jiffy Lube began a marketing campaign which encouraged women to focus on their cardiovascular health. Jiffy Lube's "Mai
grandymaker [24]

<u>Answer:</u>Cause marketing

<u>Explanation:</u>

Cause marketing is the strategy where the motive is to increase the profits of the organisation as well as have concern for the society. Jiffy Lube marketing campaign includes a social cause of maintaining the cardiovascular health and also through this campaign they are trying to raise $1 million which is monetary based.

So cause marketing is for both creating awareness about the cause and also to raise funds to support the campaign. The brand's message is also given as well as the profits are also made through this campaign.

8 0
3 years ago
Fergie has the choice between investing in a State of New York bond at 4.1 percent and a Surething Inc. bond at 6.8 percent. Ass
iragen [17]

Answer:

The state of New York should offer bonds at 4.76% to make indifference to purchase their bonds than Surething Inc.

Explanation:

the corporation has to pay income taxes while the State of New York do not pay for income taxes thus his yield is after-tax.

Surething Inc after tax rate:

pre-tax x (1 - tax-rate) =6.8% x ( 1 - 30%) = 0.068 x (1-0.30)  = 0.0476 = 4.76%

Currently the corporation bond yield a higher rate than the State of New york (4.76% against 4.10%)

7 0
3 years ago
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