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shutvik [7]
3 years ago
9

When products cannot be easily differentiated: A. there is little room for price variations from the competition. B. a skimming

price strategy is appropriate. C. a higher price can be charged. D. the lowest possible price must be charged.
Business
2 answers:
nlexa [21]3 years ago
8 0

Answer:

A. there is little room for price variations from the competition

Explanation:

When a company's product cannot be easily differentiated from competitors' products, it means that these companies sell homogenous products; the features and purpose are very similar to the customers and they would see little opportunity cost when they chose one over the other. The sellers are therefore price takers in the market and their sales revenues will depend on forces of demand and supply. Therefore, there is little room for price variations from their competitors.

ELEN [110]3 years ago
7 0

Answer: A. there is little room for price variations from the competition.

Explanation: When products cannot be easily differentiated there is little room for price variations from the competition. This is often the case with businesses selling similar, homogeneous products wherein the attributes of the product remain similar.

However, despite selling product with similar attributes, at an similar price, the business may still attempt to differentiate itself through marketing; or improving on quality of products to be able to charge a premium; and lastly to lower prices so as to break even and even profit from increased sales.

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St. Jude Medical makes cardiovascular medical devices, including the world's most widely used mechanical heart valve. Its produc
11111nata11111 [884]

Answer:TRUE

Explanation: Competitive advantage is a term used in business or economics to refer to Opportunity gained by a business organization over others either through REDUCED PRICE,BETTER QUALITY OF PRODUCT OR SERVICE,THROUGH ECONOMIES OF SCALE, THROUGH INNOVATION etc an organization with a good Competitive advantage will generate more Revenue compared to others. Competitive advantage helps to make an organization better than others.

7 0
3 years ago
The following transactions occurred during a recent year:
Natasha_Volkova [10]

The Company's preliminary Net Income can be determined as $575.

Preliminary net income = Total Revenue - Total Expenses

= $575 ($4,230 - $3,655)

Revenue:

d. Sales Revenue      $680

f. Service Revenue $2,870

i. Service Revenue    $680

Total Revenue      $4,230

Expenses:

a. Wages Expense       $1,700

e. Utilities Expense     $1,360

h. Travel Expense           $115

k. Advertising Expense $480

Total Expenses         $3,655

Thus, the company generated a preliminary net income of $575 for the period.

Learn more about determining net income at brainly.com/question/19850768

6 0
2 years ago
Which of the following is associated with the market development strategy?
pantera1 [17]

Answer: Option (c) is correct

From the given option the following is associated with the market development strategy: <em>Adding new features to products.</em>

Market development refers to the technique under growth strategy that visualize and establish new market segments for their products. This terminology targets non-buying individuals in targeted segments. This also targets new individuals in new segments.

4 0
3 years ago
At the end of the year, a company reports a balance in its Allowance for Uncollectible Accounts of $1,700 (debit) before any yea
iren2701 [21]

Answer:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

Explanation:

The journal entry is shown below:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

For recording this given transaction, we debited the bad debt expense as it increases the expenses account and at the same time it decreases the account receivable so the allowance would be credited so that the proper posting could be done

7 0
3 years ago
Joslyn completed the lease term on her car and decided to turn the car in instead of purchasing it. upon inspection, the dealers
Fed [463]
Its the Lease Penalty
6 0
3 years ago
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