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andrew-mc [135]
3 years ago
12

Timothy is planning the pricing strategy for his company’s products. He is directed by the management to add a premium (amount a

dded to the actual market price of a product) to the price of their product. How can Timothy justify this premium price to the customer without making them feel cheated?
A.
sell the product at a much higher price (than the market price), and then offer a discount
B.
show customers the overhead costs that the company has to pay
C.
assure the customers of excellent after-sales service
D.
say that the product is an upgrade
Business
1 answer:
marissa [1.9K]3 years ago
4 0

Answer:

A.sell the product at a much higher price (than the market price), and then offer a discount

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Research indicates that when it comes to the diversification-performance relationship, the highest economic performance occurs w
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Answer:

Related diversification strategy.

Explanation:

Related diversification is a business strategy in which a business enter a new industry which has some similarities with a company's existing business industry. The highest economic benefit will be achieved by a business if it enters into related diversification strategy.

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3 years ago
When brand equity is measured using stock valuation with an estimate of the portion of the value allocated to brand equity and n
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Answer:

The correct answer is letter "B": market value.

Explanation:

Market Value is the price of an asset that is traded or offered for sale in a public forum where multiple buyers are allowed to make offers to buy that asset. For marketable securities of publicly traded companies, the companies are required to issue periodic financial information to the public to meet a full-knowledge requirement.

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3 years ago
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Importance of the different types of elasticity<br><br>​
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Answer:

<em><u>Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. When a product is elastic, a change in price quickly results in a change in the quantity demanded.</u></em><em><u>The concept of elasticity for demand is of great importance for determining prices of various factors of production. Factors of production are paid according to their elasticity of demand. In other words, if the demand of a factor is inelastic, its price will be high and if it is elastic, its price will be low.</u></em>

Explanation:

hope it helped you...mate!

5 0
3 years ago
When the economy suffers a downturn and the incomes of many people decrease, vacationers are more likely to take car trips than
inysia [295]

Answer: Air travel is a normal good and vacation travel by car is an inferior good

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Normal goods are those goods for which the demand rises as consumer income rises. While inferior goods are goods whose demand increases when consumer income decreases.

This therefore means that the demand of inferior goods is inversely related to the income of the consumer.

From the question above, we can say that car trips are inferior goods while the air travel are normal goods.

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4 years ago
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1. In first example, supply curve moves to the left. Delivery curve moves to the left as supply is heading downward due to variables apart from rate change. In this scenario, the cost of output rises due to the current penalty, and vendors will be able to produce less at the same amount.

2. In second scenario, businesses are prosecuted for contaminating river water, rises in manufacturing prices and vendors will be able to produce worse at the same amount. The output curve then shifts for its left.

3. In third case the output curve will remain the same. That's since the quantities given does not change.

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