All categories

3 years ago

Explain why pricing goods is easier than pricing services.

Business

1 answer:

frutty [35]3 years ago

6 0

Answer:

The answer is below

Explanation:

pricing goods is easier than pricing services because price goods will require you to measure the cost of inputs to make the goods. This will include the cost of raw materials, cost of labor, cost of marketing, and other associated costs that can easily be derived before the final goods are produced.

However, pricing services is difficult because, to measure the value of the time you used in delivering your services is not straight forward, and also, measuring the actual value of the services rendered is not easier to conduct, because it is not direct either.

You might be interested in

⦁ a local drama company proposes a new neighborhood theater in san francisco. before approving the permit, the city planner comp

aleksandrvk [35]

<span>This is a negative externality. Since the cost of the traffic being in the community is not being borne by the theatre company itself, it is negative. The community as a whole is having to pay for the extra $5 in costs that will be accrued as a result of selling each ticket.</span>

3 0

3 years ago

Mr. Eli Lilly is very excited because sales for his nursery and Plant Company are expected to double from $600,000 to $1,200,000

liq [111]

Answer:

The correct answer is Cash deficit = ($804,000) and incorrect.

Explanation:

According to the scenario, the calculation can be done as follows:

Cash Flow Statement

Beginning cash = $1,200,000

Now we less the asset buildup, then

Less: Assets buildup (1200000-600000)*50% = -$300,000

Now by adding the profit, then

Add: Profit (1200000*8%) = $96,000

Cash deficit = ($804,000)

As his earning seems unable to cover additional capital expenditure, his optimistic outlook for his cash position appear to be incorrect.

8 0

3 years ago

A Multilevel Approach to the Study of Motor Control and Learning (2nd Edition)

Archy [21]

Answer:

7 hours and 44 minutes

Explanation:

According to the question, the data provided is as follows

Time taken by average reader = 7 hours and 44 minutes

Number of words per minute = 250

Based on the above information, the number of hours to read this book in quickly is 7 hours and 44 minutes as this is equivalent to the time taken by the average reader

So the same is to be considered for reading the book at 250 WPM

8 0

3 years ago

Depending on a person's _____, he or she may be held to a higher standard of care.

nalin [4]

I believe it’s Profession

3 0

3 years ago

Singapore Airlines is recognized as an industry leader for exemplary customer service, and has continued to add new ways to serv

andreev551 [17]

Answer: (A) Customer

Explanation:

The customer excellence is the process of fulfill all the requirement of the products based on the products and the services in an organization.

The main aim of the customer excellence is that it makes the consumer more satisfied by providing an effective services as they always focus on the actual needs of the customers with loyalty.

According to the given question, the Singapore airlines is basically focused on the various types of competitive advantages by using the customer excellence in an organization.

Therefore, Option (A) is correct.

7 0

3 years ago

Explain why pricing goods is easier than pricing services.​

Explain why pricing goods is easier than pricing services.