1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natulia [17]
2 years ago
11

. Discuss and Implement the Price Adjustment Strategies in current market. Apply each strategy with 3 examples along with pictur

e. (10 Marks) (200 Words)
Business
1 answer:
avanturin [10]2 years ago
8 0

Answer:

There are many different price adjustment strategies which can be implemented in the current market.

Explanation:

Psychological pricing:

Psychological pricing is a strategy in which the price of a product is displayed with mostly one cent difference so the whole number shown is less by $1 and this difference can get higher if the price of the product is more.

Example 1: The price for a toy in a toy shop is $4.99, if rounded this will be $5 but the whole number visible is $4.

Example 2: The price of a laptop is $193, this again is nearly $200 but the price is reduced by $7 in order to influence their customers into buying the product.

Example 3: The price of a car is $35,995, this again is about $36,000 but the buyer may be influenced by this technique and result in purchasing the product with such price.

Geographical Pricing:

Geographical pricing is a strategy where different prices are charged in different outlets, this strategy is made keeping in mind the purchasing power of the locality, if the local people can pay higher price for a product then the price is high there but same product may have a lower price in an area where people can not pay high price.

Example 1: Price of a T-shirt is $15 in a posh area while the price of the same T-shirt is $5 in an area with poor locality.

Example 2: Price of a hair brush is $10 in a poor area while the same brush is available in a posh area at a rate of $35.

Example 3: Price for a food item is $6 in a restaurant in posh area while the same burger is available for $3 in a restaurant in a poor area.

You might be interested in
There are many food carts near Mark’s university. Mark and his friends regularly buy hot dogs from Jeff’s cart. Recently, Andrea
Wittaler [7]
The demand for his hot dogs will decrease. This is because Andrea is selling things at a better price than Jeff, and Mark and his friends would probably like to try something different than hot dogs.
5 0
3 years ago
Trinity College sold season tickets for the 2019 football season for $400,000. A total of 8 games will be played during Septembe
Softa [21]

Answer:

Trinity College sold 8 Games of ticket in $400,000  

Till October 31 the game sorted out = 5 for example (2+3)  

Measure of unmerited income on October 31

Unearned ticket revenue = (Amount received in advance × remaining month) / total month

Unearned ticket revenue = ($400,000 × 3) / 8

Unearned ticket revenue = $150,000

Adjusting Journal entry on October 31:

Debit: Unearned revenue = $250,000

Credit: Revenue = $250,000

(To record transfer of unearned revenue, to revenue account)

3 0
3 years ago
Read 2 more answers
Other names for manufacturing overhead include ______.
JulijaS [17]

Other names for manufacturing overhead include:

a. factory burden

b. indirect manufacturing costs

c. factory overhead

<h3>What is manufacture overhead?</h3>

A company's manufacturing activities include any expenses that are incurred that are not directly related to the cost of direct supplies and labor. Manufacturing overhead is referred to as an indirect cost because of this.

Costs, however, that are incurred outside of the manufacturing facilities are not costs for the products and cannot be inventoried. These expenses, which comprise selling, general, and administrative charges such corporate salaries, audit, and legal fees, are only reported as expenses and are included in the income statement for the accounting period in which they take place.

Learn more about Manufacturing overhead

brainly.com/question/13312583

#SPJ4

6 0
1 year ago
The use of symbols such as charts, graphs, and signs are best classified as * 1 point oral communication written communication v
Verdich [7]

Answer:

visual communication

Explanation:

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

Generally, there are four (4) main types of communication and these includes;

I. Verbal (oral) communication.

II. Non-verbal communication.

III. Written communication.

IV. Visual communication.

Visual communication can be defined as the use of visual elements and symbols such as charts, graphs, and signs to convey ideas and information that effectively creates meaning to the recipient.

In conclusion, visual communication is strictly based on vision or sight.

6 0
2 years ago
__________ consist of organization infrastructure (administration and management), human resources (employee recruiting, hiring,
olga55 [171]

Answer:

Secondary Activities

Explanation:

Secondary activities inside an organization are those who support the primary activity. The primary activity consists in the production and distribution of goods and/or services to customers, while secondary activities are meant to improve aspects of the primary activity.

For example, the goal of human resources is to create good labor conditions so that employees are happier, and therefore, more productive. And the goal of the technology department is to engage in research to produce new goods or provide new services in the future.

4 0
2 years ago
Other questions:
  • A financial advisor has heard from a relative of nr industries inc.'s ceo that the company is planning to shut down its operatio
    9·1 answer
  • After a tax is imposed on the buyers of bottled water, the price buyers pay is $2.50 per bottle and the price sellers receive is
    10·1 answer
  • Over the years, the government of Montivia has focused on implementing programs that promote equality. On the short-term, though
    12·1 answer
  • A storeowner orders 25 calculators that cost ​$33 each. The storeowner can sell each calculator for ​$45. The storeowner sold 22
    6·1 answer
  • When managerial accountants assign costs to the production of specific products, the costs that are easiest to assign are
    6·1 answer
  • Open-market options are when the federal reserve buys and sells securities to influence the.
    9·1 answer
  • Based on the sticky-price model, the short-run aggregate supply curve will be steeper the greater the:
    14·1 answer
  • Mercantilists wanted a favorable balance of trade, by which they meant a. exports = imports. b. exports &gt; imports. c. exports
    14·1 answer
  • You, the manager of an electronics store, have asked the salespeople in the camera department and the computer department to com
    11·1 answer
  • Help quick!
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!