Answer:
While setting the price of a product, managers must consider all of the following: A) cost of the whole marketing mix B) buying capacity of the customers C) profit it should bring the company D) transportation cost E) personnel cost to the company
Explanation:
Key factors in calculating the sale price can be:
- Costs are a major factor in determining the selling price and a way of forming a price that is primarily related to costs called “ground” because it represents the minimum at which the price can be set. It includes cost plus other costs with no projected or minimal profit;
- Demand/buying capacity as a key factor in price calculation is tied to a method called the "ceiling" because capacity exceeds the price limit that customers are willing to accept to get a product or service.
- Competition as a pricing factor refers to alternatives that customers can choose from, and competition allows them to do so;
Cost-based pricing has its sub-methods such is Cost plus method
The basic principle is to add a rate of profit to the sum of direct and indirect costs. This way price consider a profit to it should bring to company.
Direct costs include material and labor costs, and indirect or general costs comprise a portion of fixed indirect costs such as depreciation, administration costs, sales costs and other general costs.
Formula: price = Direct costs + Indirect costs + Rate of profit
The work of the futurists represents and exaggeration, an extreme in the depiction of movement. One must abandon oneself to the sensation for going the details of representation for an almost abstract rendition of speed and dynamic force. But many artists have used a variety of techniques to illustrate motion and the passage of time less radically and the introduction of mediums such as cinematography and video have made it possible to represent motion and the passage of time in real time or in slow or accelerated motion. The consideration of art and movement, both actual and implied. Movement takes place within time and thus the two are intertwined.
Answer:
Overstatement of Assets and liabilities.
Explanation:
Collection of cash results in journal entry of debiting cash with corresponding credit to accounts receivable thus reducing the accounts receivable.
Erroneous credit to accounts payable instead of accounts receivable results in overstatement of assets and liabilities.
The starch classification that consists of the percentage of people who remembered having previously seen the advertisement in the issue being studied is known as copy testing.
Definition: Copy testing is a comprehensive approach used in market research to test the effectiveness of advertising based on pre-broadcast responses. This form of pre-testing helps companies understand if their ads are delivering a strong enough message. Direct-to-customer sales – Example: B. A car salesman meeting a customer at a company's dealership. Point of sale display (POS) trade show advertising. Package design that encourages purchase.
Pretesting, also known as copy testing, measures audience interest, brand relevance, motivation, and entertainment, analyzes communication, and the attention and emotional flow of advertisements.
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Answer:
These are the options for the question
A. Customer Profitability Estimation
B. Consumer Worth Evaluation
C. Customer Lifetime Value
D. breakeven point
E. cost per order
And this is the correct answer:
C. Customer Lifetime Value
Explanation:
Customer Lifetime Value is the assessment of the value that a particular customer will add, or give to a company, during his or her lifetime.
Tyche Inc. is focusing on customer lifetime value because its business strategy consists in catering to loyal customers who are likely to spend money on the company during an important percentage of their lifetimes.
