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Vladimir [108]
3 years ago
9

Which pricing strategy is characterized by the setting of a low introductory price to help drive consumer awareness and create a

n incentive for the consumer to buy now? Price skimming strategy Experience curve strategy Market penetration strategy Everyday low pricing strategy
Business
1 answer:
Bas_tet [7]3 years ago
5 0

Answer:

The correct option market penetration strategy

Explanation:

Price skimming is when price is set high in order to appeal a group of consumers that the product of high premium quality filled with first of its kind innovation.

Market penetration is the opposite of price skimming in that the prices are set very low in order attract consumers,create an awareness for the new product,thereby encouraging consumers to purchase the new products.

In other words, the pricing strategy highlighted in the question is the latter not the former.

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When Russell turned 21-years-old, his father gave him a management position at the family's hardware store. He explained to Russ
kompoz [17]

Answer: This business is a Private Corporation.

Explanation: As the name implies, a private corporation is an organization that is privately owned. Private corporations are capable of issuing stock and having shareholders, but their shares do not trade on public exchanges.

We can see that the company that is described in the scenario above possesses the attributes mentions in the definition.

The company is private because it has been in the family for five generations, also, the managers in the business are hired from within the family.

5 0
2 years ago
Jared is a salesman at a large retail store. Upon meeting his monthly sales target, he is honored with the title of "Star Salesm
Minchanka [31]

Answer:

The answer is: B) safety needs

Explanation:

According to Abraham Maslow safety needs include employment, health, resources, personal security, etc. Safety needs are located in the second level of Maslow's hierarchy. Safety needs are all related to security and protection, i.e. taking care of yourself.

5 0
3 years ago
Banks use a large percentage of their checkable deposits for the purpose of __________.
KiRa [710]

Answer:

B. giving loans

Explanation:

The reserve requirement system requires commercial banks to maintain a small fraction of their deposits as a reserve. Only a small percentage of the checkable deposits is required to be held in the banks as reserves. The reserves requirement fractions vary with the monetary policy in place.  

The percentage of reserve requirement ranges from 3% to 10%. It would hardly get to 20%. The rest other bigger percentage ( over 80%) is available to be used to create loans.

4 0
2 years ago
Read 2 more answers
You are the General Manager of a regional chemical company. In the course of producing your bulk chemicals, large amount of part
34kurt

Answer:

The answer is explained below

Explanation:

The companies board of directors as well as you would consider whether it is best to install the scubber system. When determining whether to install the scubber system both short and long term consequences are to be considered. If presently, the level of pollution is legal, you need to consider if in the future it would be legal? if the installation of the scubber system would affect the public relations of the company. After considering all this, it would be better to install because the pollution can lead to death, and the neighborhood can sue the company. Also the EPA regulations can be regulated.  

5 0
3 years ago
The phases of project management are: A. planning, scheduling, and controlling. B. planning, programming, and budgeting. C. plan
o-na [289]

Answer:

A. planning, scheduling, and controlling.

Explanation:

The phases of project management are -

1. Initiation

2. Planning

3. Execution - Scheduling

4. Control

5. Close

Option A is correct because the answer includes the 2nd, 3rd, and fourth phases of project management.

Option B is wrong because programming is not a phase of project management. Option C is a combination of management functions. Therefore, it is incorrect. Option D is not correct as the service project is not different from the manufacturing project. Option E is the project management technique.

4 0
3 years ago
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