Answer: A. identifying pricing objectives and constraints
Explanation:
It is in the above mentioned stage of the Price Setting Process that the sales growth rate and business stages are accounted for as constraints or objectives to be met.
In identifying the pricing objectives and constraints, the expected growth rate should be factored in to find out what price the goods can be sold at to ensure that sales grow at the required rate for example.
Answer:
Mark's individual consumer surplus is $10.
Explanation:
Mark and Rasheed are at the bookstore buying new calculators for the semester.
Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.
The price for a calculator at the bookstore is $65.
The consumer surplus is the difference between the maximum price that a consumer is willing to pay and the price he actually has to pay.
Mark's individual consumer surplus
= Price mark was willing to pay - Price he actually has to pay
= $75 - $65
= $10
Answer:
See below
Explanation:
We will compute the above using the EOQ
EOQ = √ 2 × D × S / H
EOQ = √ 2 × 2,000 × 500 / 2 × 3
EOQ = 1,000
1,000 units of toys should be manufactured at a time
Production runs = 2,000 / 1,000
Production runs = 2
In the given example, Gavin would be best described as a
(e.) middle manager. His job entails supervising the work of several payroll clerks
and training them in proper procedures and ensuring that the deductions and
withholding taxes are properly deducted and complied with the company’s policy
which means Gavin serves as a mentor or guide to those employees who does not
have enough experience yet in order for them to work efficiently.
Warranties do little to inform the customer about perceived product quality and manufacturer commitment to customer satisfaction.
Proper products ought to have a stable value proposition and solve a real hassle, be comprehensible via customers, perform their undertaking as effortlessly and efficaciously as viable, and emerge as better and tougher to component with the more they may be used.
The perceptions customers have of a brand, its values and its products and services may have a dramatic effect on client buy behavior. If a business can foster effective perceptions targeted on these aspects, it is in all likelihood to construct a sustainable, loyal and growing consumer base.
Customer notion is extraordinarily motivated by the non-public revel in that a patron had even as buying and using a particular product. If the pleasant, customer support, rate, logo, coloration, discounts.
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