During the off season, the Rues Hotel offers a 25% discount on its rooms to attract guests. The Rues Hotel is demonstrating the c. use of price as a promotional tool .
- A sales tactic known as promotional pricing involves brands temporarily lowering the price of a good or service in order to draw potential clients and buyers.
- A brand can artificially raise the value of a good or service by temporarily decreasing the price and fostering a sense of scarcity.
- Buy one, get one free, seasonal sales promotions, discounts, and flash sales are some of the most popular promotional pricing models.
- You may also want to take into account multi-buys, loyalty programs, conditional offers, free delivery, or gifts depending on your individual price targets and business strategy.
<h3>What is the purpose of promotional pricing?</h3>
- Promotional pricing is a technique for increasing consumer interest in particular goods or services that people or companies offer to the general public.
- This is accomplished by using a promotional price tag, which entitles a customer to full access to a good or service for less money than it would normally cost.
Learn more about promotional pricing
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Answer: b) import cotton.
Explanation:
If the international price is cotton is less than the price that a country produces it at, it is best that the country imports the cotton than produce it because they do not have a competitive advantage in producing the cotton.
Should they then import, the resources that were being used to produce the cotton can be used on other things that they do have competitive advantage in.
Answer:
Get a job, spend less money and only get things you need. Or you can file for government assistance.
Explanation:
Answer:
They will spend it
Explanation:
According to Monetarists, when money supply increases/expands, economic activity will increase. That means households will respond to such change by spending it.
The Monetarist Theory is an economic concept which postulates that when there is a change in money supply, the rate of economic growth and behavior of business cycle is determine.
Answer:
The Journal entry with their narrations is shown below:-
Explanation:
The Journal entry is shown below:-
Cash Dr, $1,200
Notes Receivable Dr, $2,800
To Accounts Receivable -R. Roy $4,000
(Being office supply of Vikram is recorded)
Therefore for recording the office supply we simply debited cash and notes receivable and credited the accounts receivable