Answer:
Yes
Explanation:
Pricing plays an essential role for a product and organisation. At a very basic level, an organisation exists to make profit. A price must cover the cost of a good sold.
Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.
Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.
Answer:
Marginal thinking
Explanation:
The economic foundation of marginal thinking requires decision-makers to evaluate whether the benefit of one more unit of something is greater than its cost. And according to this principle, Marie´s benefits of the first three bananas is higher than its cost, but the fourth banana will provide less benefit than the third and this is less than it cost.
Answer:
0.6
Explanation:
Data provided :
Mean = 100
Standard deviation = 20
Salvage value of the tree = $ 0
Actual cost of the tree = $ 20
Selling cost of the trees = $ 50
Now, the cost of shortage = Selling cost - actual cost = $ 50 - $ 20 = $ 30
and the outrage cost = actual cost = $ 20
Now,
the service level is calculated as:
service level = 
on substituting the value, we get
service level = 
or
Service level = 0.6
Answer:
Option A. $7000
Explanation:
The reason is that in the statement of cash flow, the interest expense for the year paid is an cash ouflow and must be deducted from the operating activities as it the companies borrow to finance its operations to perform better. Hence it is related to operating activities, so it must be deducted from the operating activities.
The interest paid at the end of the year is $7000 ($100,000 * 7%).
Answer:
2. False
Explanation:
Relationship management is considered an important part of CRM (customer relationship management) and it emphasizes on building and increasing customer loyalty and long term commitment.
If this company was to replace their traditional marketing approach with relationship marketing, they would devote more time to build a solid relationship with existing customers and less time searching for new customers.
