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My name is Ann [436]
3 years ago
7

Shelly is undergoing the six-step process for establishing prices for a newly launched product. She has just finished assessing

the target market's evaluation of possible prices. What is Shelly's next step?
Business
1 answer:
liubo4ka [24]3 years ago
4 0

Answer:

Evaluation of competitors price

Explanation:

Shelly must benchmark her product's price against its direct competitors, how often they offer discounts or promotions, etc. She should also evaluate differences in product quality, and if possible, she should try to get information about her competitors' costs.

Are you offering a high quality, medium quality or low quality product? Is your price correct according to what the competition offers? Or is it too high or too low? If so, why is it too high? It it's too low, it is always easier to increase the price but decreasing it may b difficult.

Depending on what type of product you want to sell and the relationship that your company has with retailers, the distribution costs can affect your final price. For example, some companies make special deals with some retailers to give them exclusive rights to sell their products at a certain price that tends to be much lower than their competitors'.

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Park & Company was recently formed with a $6,200 investment in the company by stockholders in exchange for common stock. The
KengaRu [80]

Answer:

a) $14,600.

Explanation:

The computation of the company total assets are shown below:

= Cash balance + supplies balance + equipment balance

where,

Cash balance =  investment amount + borrowed amount - paid amount for equipment

= $6,200 + $3,200 - $2,120

= $7,280

And, the other item values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $7,280 + $1,120 + $6,200

= $14,600

4 0
3 years ago
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
notsponge [240]

Answer:

$155,700

Explanation:

Absorption costing

Sales $164 × 3,260 = $534,640

Less cost of goods sold

Opening inventory

Add variable cost of goods manufactured

[3,700 × ($51 + $32 + $6 = $89)] = $329,300

Fixed manufacturing cost

$88,800

Cost of goods available for sale

$418,100

Less ending inventory 440 × $89

$39,160

Cost of goods sold

$378,940

Gross margin

$155,700

Less variable selling and administration expenses $6 × 3,260

$19,560

Fixed selling and administrative expenses

$32,600

The total gross margin for the month under the absorption costing approach is $155,700

5 0
3 years ago
Increasing the amount of money in the economy results in
Elena-2011 [213]

Answer:

By increasing the amount of money in the economy, the central bank encourages private consumption. Increasing the money supply also decreases the interest rate, which encourages lending and investment. The increase in consumption and investment leads to a higher aggregate demand.

Explanation:

It is important for policymakers to make credible announcements. If private agents (consumers and firms) believe that policymakers are committed to growing the economy, the agents will anticipate future prices to be higher than they would be otherwise. The private agents will then adjust their long-term plans accordingly, such as by taking out loans to invest in their business. But if the agents believe that the central bank’s actions are short-term, they will not alter their actions and the effect of the expansionary policy will be minimized.

7 0
3 years ago
If the United States and Canada abolish all tariffs on each other's goods and implement a common tariff on goods imported from o
Lorico [155]

Answer:

b. customs union

Explanation:

7 0
3 years ago
Read 2 more answers
The fed currently focuses monetary policy on the
kupik [55]
The fed currently focuses monetary policy on the ; Federal funds rate
7 0
3 years ago
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