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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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Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first year of operations,
Lynna [10]

Answer:

$178

$259

Explanation:

The calculation of the variable costing concept and (b) the absorption costing concept is shown below:-

Cost of Goods Manufactured per unit = $516,200 ÷ 2,900

= $178

Fixed Manufacturing Overhead Per Unit = $234,900 ÷ 2,900

= $81

Variable Product cost Per Unit = Cost of Goods Manufactured per Unit

= $178

Absorption product cost per unit = $178 + $81

= $259

8 0
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Ede4ka [16]

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8 0
3 years ago
What are durable goods?
JulsSmile [24]
They're the opposite of perishable goods. 

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Hope this helps!
6 0
3 years ago
what are the documents required by department of trade and industry when registering for a private company
meriva

Social security for employee profiling, insurances, and other employee and company benefits

Business permit, so that your business is legal and has passed through the scrutiny of safety and reliability

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Jacob wants to invite 20 friends to his birthday, which will cost his parents $250. If he decides to invite 15 friends instead,
ehidna [41]
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