Answer:
identifying pricing constraints.
Explanation:
From the question we are informed about George and Arthurine Renfro decided who decided to start a family business in 1990 and market chowchow, a southern regional food, they had to determine how they would price the chowchow by examining the demand for the product (would people rather eat home-made or store-bought), the cost of getting the jars for bottling the chowchow, and how much it would cost to distribute the product to area stores. In other words, in this case, the Renfros had to begin the development of their pricing strategy by identifying pricing constraints. .
Pricing constraints can be regarded as
factors which brings about limit of latitude of prices which a company may set.
Answer: $700
Explanation:
Based on the information given in the question, the optimal price for this new jPad, which can be assumed to operate in a monopoly will be calculated thus:
P = 2000+Q
TR = P × Q
TR = (2000 + Q) × Q
TR = 2000Q + Q²
MR = 2000 + 2Q
MC = 600
Since marginal revenue equals to marginal cost, this will be:
MR = MC
2000+2Q = 600
2Q = 2000 - 600
2Q = 1400
Q = 1400/2
Q = 700
Answer:
8.2
Explanation:
Accounts receivable turnover measure the average times the company received their receivable, It measure the efficiency of the company regarding collection from customers. Turnover will be higher if company has low ratio of receivables to sales value.
Average Receivable can be calculated as below
Average Receivable = (Accounts Receivable at the beginning of the year + Accounts Receivable at the end of the year) / 2 = ($114000 + $152000)/2 = $133,000
Net Sales = $1,090,600
Formula for Accounts receivable turnover is as follow
Accounts receivable turnover = Net Sales / Average Receivable
Accounts receivable turnover = $1,090,600 / $133,000 = 8.2 times
Answer:
The correct answer is letter "B": core rigidity.
Explanation:
A competitive advantage is an advantage that a company has over its competitors. It could be a <em>comparative advantage</em> if the company had a lower opportunity cost in its production process or a <em>differential advantage</em> if the product produced by the company has a unique feature.
<em>The big failure of Seth's Computer Repair depends on not listening to its internal consumers: their workers. Employers may provide useful input to businesses that could influence the direction of the operations. For that reason, Seth's lost part of its customers when a new competitor entered the market because they kept implementing the same </em><u><em>rigid</em></u><em>, outdated approach that had worked before.</em>
Answer:
<u>Brand loyalty.</u>
Explanation:
Customer loyalty to the brand is one of the characteristics most desired by a company's marketing.
Because the greater the perception and satisfaction with which customers perceive the brand, the greater its value and its strengthening in the market.
However, this is a difficult characteristic to be achieved by the number of competitors in the market, in order to achieve customer loyalty, strategic marketing planning is necessary whose efforts and actions are directed to provide value and satisfaction to the customer, through a set of variables , such as: quality, benefits, price, good service and others.
It is important that the company uses the market segmentation strategy to get to know in depth who its customer is, what its needs and preferences are, to direct the marketing strategy effectively, to consolidate the brand, generate reliability and loyalty of the client.
