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White raven [17]
3 years ago
5

Robin must decide on her overall pricing approach. She is a premium provider of food, but operates in an extremely competitive e

nvironment, with many lower-priced alternatives. She knows it's important to establish a foothold in the market, then perhaps she can adjust pricing later to increase margins. Which approach should she choose?a. Prestige objective, skimming strategy, psychological tacticb. sales objectives, competitive strategy, and promotional tactic
Business
2 answers:
erica [24]3 years ago
8 0

Answer: B

Sales objectives, competitive strategy, and promotional tactic

Explanation:

Sales objectives provides a clear direction for the expected a turnover a firm hopes to achieve over a period of time.

Competitive strategy refers to various strategies Robin hopes to utilize in getting a share from the market share. While promotional tactics refers to the various campaign and publicity aimed at introducing a product to the public.

Robin will hope to utilize this three concepts in order to successfully penetrate a highly competitive food market while also maintaining a certain market share.

nydimaria [60]3 years ago
6 0

Answer:

The correct option is B,Sales objectives, competitive strategy, and promotional tactic

Explanation:

Option A is not correct as price skimming involves selling at different prices in different prices by leveraging on lack of information in all available markets,which is not possible in this instance as there no alternative markets.

However, the fact that the market is keenly contested implies that Robin would have adopt a tactical  promotional and competitive strategies capable by a way of lowering price pending the time that the consumers recognize the premium nature of the product  when price increases would be justified.

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In a purely competitive labor market, each firm employs such a ______ fraction of the total available supply of a specific type
Bezzdna [24]

Answer:

small; wage rate

Explanation:

The purely competitive market is a wage taker as there are many number of firms who wants to purchase the labor services in that market also there are many number of workers who have similar skills and wants to sell their labor services

So as per the given situation, the each and every kind of firm wants to employs a small fractions of total supply available so that no firm could influence the wage rtae

Therefore the last option is correct

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3 years ago
When a PR firm actively combines public relations, marketing, advertising, and promotion into a more or less seamless communicat
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Answer:

Integrated marketing communications

Explanation:

Integrated marketing communications refers to a strategy in which the different forms of communication are coordinated to be able to deliver the same message to potential customers. According to this, the answer is that when a PR firm actively combines public relations, marketing, advertising, and promotion into a more or less seamless communication campaign that is as at home on the web as it is on the television screen and magazine page, it is engaging in integrated marketing communications.

8 0
3 years ago
Read 2 more answers
Suppose your foreign government, threatened with bankruptcy, decided to tax the interest income on its own bonds as part of an e
jarptica [38.1K]

Answer:

a. You would expect the yields to rise due to increased default risk.

c. You would expect the yields to rise to compensate investors for the loss of the tax-exempt status.

Explanation:

The foreign government is threatened with bankruptcy which means that the government might be unable to pay their bond obligations. This means that the risk of default has now increased and so yields will rise as a result of this.

Tax exempt bonds like Municipal bonds generally have lower yields because of their tax savings. If the Government was to impose taxes on previously tax exempt bonds, people would be getting less and so would have to be compensated for this loss by increased yields.

3 0
3 years ago
In periods of rising prices, the inventory method which results in the inventory value on the balance sheet that is closest to c
Yakvenalex [24]

Answer:

LIFO method

Explanation:

The last-in, first-out (LIFO) inventory method values the cost of goods sold (COGS) using the price of the last purchases made by the company. This valuation method is accepted by the US GAAP and it is generally applied when the replacement costs are continuously increasing.

On the other hand, the IFRS (the international accounting standard) does not allows LIFO, it only accepts FIFO.

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4 years ago
Suppose 10 new hair salons open in this city. Would this have an effect on the supply and / or demand curves? Explain
vichka [17]

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it would have effects on the demand

Explanation:

this would have more affect on the demand because there are more people that want the Supply

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2 years ago
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