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mihalych1998 [28]
3 years ago
14

Lcg inc., a mobile manufacturing company, is launching its new product in the market. the managers at lcg want to price the prod

uct in a way that would enable the company to recover the investments made toward developing the product. which pricing strategy would be most effective for lcg inc. ? reference pricing
Business
1 answer:
Dominik [7]3 years ago
5 0
The answer is variable pricing strategies

If the company is launching a completely new they would have invested heavily in R&D and are about to invest a lot of money in the marketing and promotion as well.

Variable pricing simply takes into account the cost of bringing that product to market and prices the product accordingly. This is to ensure that the new product can help the company recover it's costs as soon as possible. 

It also ensures that the final price is a balancing act so that the product's price is attractive for the buyer and a medium way between 'sales volume and income per unit' is achieved.


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Brian is thinking of taking a job as a waiter. What is an associated monetary cost that he should consider?
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C.uniforms is the answer
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3 years ago
In a market with 1,000 identical firms, the short-run market supply is the
kompoz [17]

Answer: Option(a) is correct.

Explanation:

Correct Option : Marginal cost curve above average variable cost for a typical firm in the market.

In a market of perfect competition, the shutdown price of the firms will be minimum point of average variable cost. So, there is supply of goods by the firms if the price is equal or above the shutdown point of the firm.

Therefore, the supply curve of the firm is the above part of the MC curve from the minimum point of average variable cost.

8 0
3 years ago
A blue ocean strategy differs from a low-cost strategy in that
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The focus of a blue ocean strategy is on lowering the economic value created, whereas a cost-leader focuses on increasing the economic value created.
6 0
2 years ago
A corporation issued $580000, 10%, 5-year bonds on January 1, 2020 for $626400, which reflects an effective-interest rate of 7%.
ioda

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

For Jan.1,2020 value = $626,400

Interest rate = 7%

So, we can calculate the amount of bond interest expense by using following formula:

Interest Expense = Carrying Value × Market Interest Rate

By putting the value of following

Interest expense = $626,400 × 7%

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Hence, the amount of bond interest expense to be recognized on December 31, 2020, is $43,838.

7 0
3 years ago
Firms that charge relatively low prices and offer substantial differentiation are following a best-cost strategy. A best cost st
satela [25.4K]

Answer: The answer is given below

Explanation:

A best-cost strategy is a strategy that is used by companies as they focus on low cost in order to give their customers better value for the money spent on the purchase of goods or services from them. The goal of this strategy is to keep the prices and costs lower when compared with the other competitors that offer similar products.

This strategy can be very successful in retail stores. Retail stores offer similar products to their competitors and using this strategy could help in making the store get more customers and hence push up its income.

For this strategy to work in such industry, firstly, the company will need to study its market very well, get to know its competitors, have a good working relationship with the manufacturers of different products, and have a friendly and amazing staffs who know what is and expected of them. With all these in place, success will be achievable.

An example of a firm in Jacksonville that is following a best cost strategy is

McDonald. The company over the years, has been successful and laid s foundation of offering fast-food meals that are of low prices and affordable.

4 0
3 years ago
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