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professor190 [17]
3 years ago
11

Rachel recently started a new gift shop in town. When she is deciding how to price the new products in her shop, she measures th

e value of her products against those of the other shops in her area. Rachel is most likely using a _______ pricing strategy .
Business
1 answer:
valkas [14]3 years ago
7 0

Answer:

The correct word for the blank space is: competitive.

Explanation:

Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:

  • Cost-plus pricing.<em> Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm. </em>
  • <u>Competitive pricing</u>.<em> Implies establishing the price of a product similar to what competitors in the market have set. </em>
  • Value-based pricing.<em> It requires setting the price of goods and services based on what consumers think the price should be. </em>
  • Price skimming.<em> Involves pricing a product high at first and changing the price according to market fluctuations. </em>
  • Penetration pricing.<em> Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.</em>
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5 0
3 years ago
Use straight line (SL) depreciation to determine a. annual depreciation charge (5 points) and b. annual book values for the life
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Explanation:

The computation is shown below:

Year            Depreciation                Book value

0                                                      $1,200,000

1                   $125,000                    $1,075,000

2                  $125,000                    $950,000

3                  $125,000                    $825,000

4                  $125,000                    $700,000

5                  $125,000                    $575,000

6                  $125,000                    $450,000

7                  $125,000                     $325,000

8                  $125,000                     $200,000

The depreciation expense is

= ($1,200,000 - $200,000) ÷ (8 years)

= $125,000

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