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SVEN [57.7K]
3 years ago
5

A company sells digital music players and is introducing its latest player to the market. The company knows it can’t compete hea

d-to-head with Apple and its iPods at $100. It decides to choose a pricing strategy that will capture more of the market by charging a much lower price of $39. It decides to increase the demand for its digital music players in order to take advantage of economies of scale. What type of pricing strategy should the company choose? a. skim pricing b. penetration pricing c. break-even pricing
Business
1 answer:
Katyanochek1 [597]3 years ago
4 0

Answer:

b. penetration pricing

Explanation:

Market-penetration pricing is nothing but strategy where the price that is set low in order to gain market share. In price penetration, the product is not highly distinctive. Low cost attracts price sensitive customers and they will prefer to buy the product because of its low cost.

This helps in increasing the market share as more customers will be attracted towards the products or services. This pricing strategy helps in developing the economies of scale. This refers to business optimizing profits by lowering the operational cost and improving the efficiency.

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It should be live on the web in only a few minutes.

Explanation:

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60 per cent of small companies in the world don't have their own websites, according to Google. With the launch of the new website creator, Google is clearly trying to increase that number.

Website is an expansion of Google My Business. You will therefore need a full GMB database to use the application. To create a website, Google automatically pull details from your GMB listing and can then be personalized with subjects, photographs and text.

7 0
3 years ago
A company fails to do a background check that would have revealed that a person it has hired has the potential to harm others. T
padilas [110]

Answer:

The correct answer to the following question is negligent hiring .

Explanation:

Negligent claim can be defined as a legal claim made by an individual ( who can be an employee or customer ) against the employer, because the individual has been injured by the employee who has a history of doing such incidents with others. This hiring claim ( negligent ) argues that the employer should have know about the history of such employees who are threat to other employees and customers.

6 0
3 years ago
When producers receive a subsidy, sellers receive a:
Vesnalui [34]

Answer:

b. lower price than the pre-subsidy equilibrium, and buyers pay a lower one.

Explanation:

A subsidy is a governments intervention in the form of cash or tax cuts. The government offers subsidies to producers to motivate them to produce more or to lower their cost of production.  As a result,  there will be more products in the market or goods will be cheaper.

Equilibrium price refers to the price determined by the forces of supply and demand. It is the intersection of the demand and supply curve. It is the price that buyers are willing to pay for a certain quantity of a product; all other factors held constant.

Should a producer receive a subsidy, It will lower his cost of production. The producer's output will cost less.  He can afford to offer sellers a lower price as a result of the subsidy.  The traders will be able to sell the products in the market at a low price compared to a situation with no subsidy.

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3 years ago
Which of the following statements regarding Federal Reserve independence is​ incorrect?
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Answer:

The correct answer is option D

D. The​ 14-year non-renewable terms for governors effectively insulate the Board of Governors from political pressure

Explanation: Option D is incorrect regarding federal reserve independence.

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3 years ago
Who was the researcher who identified three types of travelers on a continuum
irinina [24]
Stanley Plog was the researcher who identified 3 types of travelers
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3 years ago
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