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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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A ____ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions
Katen [24]

Answer:

Letter of Credit is the correct answer.

Explanation:

7 0
3 years ago
Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equil
vova2212 [387]

Answer:

Positive economic profit

Explanation: In the economic profit, we have to consider the revenue earned and the cost of production including the opportunity cost. In the scenario above, the economic profit is positive, because, the average and marginal cost falls by $0.15 at a time when the sales price of the product is $0.20. The economic profit here is positive, due to the further reduction in the marginal and average price of an important material in the production process. In this scenario, due to positive economic profit, the New firms are attracted to the market.

6 0
3 years ago
Product or Service Costing influences: Group of answer choices production managers making manufacturing decisions. all of the ot
OLEGan [10]

Answer: marketing managers making pricing decisions.

Explanation:

Management's product and service choices and decisions can influence the cost behavior. The product design, location of plant, technology used in developing a product, product quality, features of product, distribution of product, profit margins, incentives, labor daily wages, and other factors all can influence the cost and pricing decisions of the product.

6 0
3 years ago
Ralph Lauren: Accounts receivable turnover and number of days' sales in receivables Ralph Lauren Corporation designs, markets, a
SVETLANKA909090 [29]

<em>MISSING INFORMATION:</em>

   concept                     //    Year 2     //     Year 1

Sales                                     7,620             7,450

Account Receivables             655                588

Answer:

Yes, there is. The days to collect increase by 4.16 to 29.77 from 26.61

Which is a bad sing as the company delays more to collect form their customers

Explanation:

Account Receivable turnover:

Average receivable:

(458 + 588 ) / 2  =  523

7,450 / 523 =   14.25

Days to collect: 365 / 14.25 = 25,61

Second Year:

Average receivable: (655 + 588) / 2 = 621.5

Turnover: 7,620 / 621.5 =  12.26

Days to collect: 365 / 12.26 = 29,77

29.77 - 25.61 = 4.16

6 0
3 years ago
A ________ may be desirable as a market entry strategy if one company does not have the necessary financial
Maurinko [17]

Answer:

Joint Venture

Explanation:

A joint venture is an arrangement of business in which two or more companies invest their Human or capital resources for a common goal (e.g. profit earning). It is an easy way to enter into a new market without any significant investment. One company does not have sufficient fund and operating in the target market. Other company want to capture the market. They both will join together by Joint venture for their mutual benefit.

4 0
3 years ago
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