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madreJ [45]
3 years ago
13

Your division has been asked to compile a recommendation for the price point for an innovative software application. You need to

know how much customers will be willing to pay and under what circumstances. Conduct a scientific experiment. Access traditional sources and electronic sources. Conduct primary research for firsthand information.
Business
1 answer:
a_sh-v [17]3 years ago
8 0

Answer:Conduct a Scientific experiment.

Explanation:Product pricing is a process through which the price of a particular product is determined, this can be done through conducting a Scientific experiment involving the target customers to know how much they will be willing to pay for that product and under what circumstances.

Scientific experiment ensures that stepwise or procedural approach is followed in order to specifically get proper and reliable Information from the audience or Customers, it gives a unique Information regarding what you are looking for.

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Billie Jean has $120 to spend and wants to buy either a new amplifier for her guitar or a new mp3 player to listen to music whil
Lady_Fox [76]

Answer:

B) people face trade offs

Explanation:

Resources are scarce, and that applies to every person and every organization in the world. Even the richest person or richest organization has a certain finite amount of money, time and other resources. For example, if we decide to work 12 hours a day, we will make more money, but we will also have less time o do other activities that we like.

In this case, Billie Jean only has $120 and she wants to buy both products, but she can only buy one. Whatever product she decides to buy will leave her with $0, so if she wants to purchase the other product she will need to find a job and earn some money, or if she already has a job, she will need to work more hours.

5 0
4 years ago
At the end of this section, the author provides links to self-assessments to help determine if an individual has what it takes t
LUCKY_DIMON [66]

Answer:

The correct answer is entrepreneurs are born, not made.

Explanation:

Entrepreneurs, social psychologists and economic theorists have speculated on whether entrepreneurs are born or made, in other words, if you are predisposed to become an entrepreneur because of your genetic constitution, or if that provision comes from your environment, conditioning or other external factor.

For most entrepreneurs, it is comforting to think that business men and women are made, that even if they lack the "right" DNA, practice, experience and sufficient conditioning to be a success.

6 0
3 years ago
In negative self talk, filtering is when a person _______. a. Focuses only on their problems, ignoring their successes b. Blames
Ierofanga [76]

Answer:

In negative self talk, filtering is when a person Focuses only on their problems, ignoring their successes

Explanation:

In negative self talk, filtering is when a person is being negative filtering positive stuff and turning it to something negative instead.

For example if someone passes a test but instead of being proud they feel as if they could have tried harder or gotten a higher grade, that person is filtering their success into negative things.

Hope this helps, Have a great day! :D

6 0
3 years ago
Read 2 more answers
How important is the environment to the performance of airlines in the airline industry? What does this suggest regarding the in
Leni [432]

Answer:

External and internal environment is very important to the performance of airlines in the airline industry.

The industrial organization (I/O) model suggests that environments is the key point for firms to earn above-average returns.

Explanation:

The airlines´ external and internal environments analysis is important because it is the first step in developing the frim´s strategic management process.

This analysis will establish the firm´s resources availability and capability, along with the core competencies looking forward setting commitments, making decisions, and taking actions aiming to reach competitiveness and to earn above-average returns.

The industrial organization, or I/O model, suggests that the  external environment is the key of a firm’s strategic actions as firms use the sources information of these continuously evolving "strategic inputs" to develop its vision  and mission and to formulate its strategy to respond to the challenging landscape brought by globalization and the resulting economy featuring rapid technological changes, and achieve strategic competitiveness and above-average returns.

6 0
4 years ago
Which of the following is NOT a benefit of using a budget?
vagabundo [1.1K]
Help earning more money than you currently make. A budget does not do that for you, that is dependent upon your job.
6 0
3 years ago
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