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Katarina [22]
3 years ago
9

Why is it critical to get the price "right" on a new product?​

Business
1 answer:
Irina18 [472]3 years ago
8 0

Answer:

Since the product is new, the consumers wouldn't have any method to compare the price with the ones that created by other companies. This created a situation that make the consumers doubt whether they make a correct economic decisions if they purchase the product.

This is why it's important to get the price 'right'.

The company need to ensure that the price represent more value for Consumers compared to the money that they have to sacrifice to obtain it.

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What is the basic economic problem that happens because people have unlimited wants but resources are limited? *
Ede4ka [16]

Answer:

D

Explanation:

Scarcity is the basic economic problem that happens because people have unlimited wants but resources are limited.

hope this helps

4 0
3 years ago
Aaron works as a bar attendant and receives
shepuryov [24]

Answer:

104.50

Explanation:

11 × 5 = 55

11 × 1.5 (time and a half) = 49.50

55 + 49.50 = 104.50

have a good day :)

3 0
4 years ago
Which african american is famous for breaking into major league baseball?
balu736 [363]
Jackie Robinson- Jackie played American pro baseball, Jackie was the first African American to play baseball for the Mlb in the modern era. Jackie was the second baseman. Jackie was born 1-31-1919 in Cairo GA and died 10-24-72 in North Stamford, CT due to a heart attack Jackie played for the brooklyn dodgers and was number 42
7 0
3 years ago
What is the present value of $5,000 due in ten years assuming money grows according to compound interest and the annual effectiv
nadya68 [22]

Answer:

$ 3,085

Explanation:

Given that;

The present value(PV) ------ ???

Future  payment (F) ----  $5,000

The annual effective rate are 4%, 5% and 5.5% respectively, which can be illustrated as;

r = 0.04, 0.05 and 0.055 respectively.

The present value  formula is given as:

PV=\frac{F}{(1+r)^n}

PV=\frac{5000}{(1+0.04)^3(1+0.05)^2(1+0.055)^5}

PV = 5000 × (1.04)⁻³(1.05)⁻²(1.055)⁻⁵

= $ 3,084.814759

≅ $ 3,085

8 0
3 years ago
An increase in revenues increases net income, and net income increases stockholders’ equity. True or false?.
Gwar [14]

Answer:

false

Explanation:

3 0
2 years ago
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