Answer:
Provided in Explanation
Explanation:
This is a very general question however I’ll try to answer it to the best of my knowledge.
If I use my own assumptions then these will be the Projections:
Selling Price $79.99 Selling Price $69.99
Cost of Sales/unit $40.00 Cost of Sales/unit $40.00
Expenses/unit $15.00 Expenses/unit $15.00
Demand @ $79.99 1000 Demand @ $69.99 1200
Sales $79,990.00 Sales $83,988.00
Cost of Sales $40,000.00 Cost of Sales $48,000.00
Expenses $15,000.00 Expenses $18,000.00
Profit $24,990.00 Profit $17,988.00
The final decision however relies on the Price Elasticity of the Product. If the Product is Price elastic then lowering the Price will lead to a significant rise in Demand. However if the Product is Price inelastic then lowering the Price will not lead to a significant rise in Demand and thus profit margins will be lowered. If the Product is Price inelastic then it is better to increase prices in order to gain more profits. In the case of Unit Elasticity the change in Demand will be at the same proportion as price change so it won’t be of any use to change the Price.
<u>The pay structure </u>should support the organization strategy, support the workflow and motivate behavior toward organization objectives.
<h3>
What do you mean by organization strategy?</h3>
An organization strategy is defined as the strategy that include long -term as well as the short-term plans based on how the organization use its resource to support activities and growth.
Furthermore, the pay-structure of every company can helpfully define the organization strategy, support the workflow in the company. Based upon pay structure, the promoters of organizations make a decision regarding the how to motivate the employees for better earnings.
Adding to it, organizational strategy establishing the priorities and setting the direction for our business. It clarifies the path of success and also set the prioritizes that are needed.
Learn more about Pay structure, refer to the link:
brainly.com/question/16006633
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Answer:
Letter B is correct. Place Marketing.
Explanation:
In this scenario described in the question above, it can be said that the most appropriate marketing strategy used is place marketing.
In this marketing strategy, the main objective is to attract tourism, investors and companies to a specific region through the promotion of a specific place and its benefits and added value for the interested parties.
In the case of the Bompahiam state government, the main intention is to promote tourism in the region, so as a strategy they use the promotion of the qualities of the place such as its coral reefs, its efficient public transport system, the hospitality and easy communication of the places with tourists, etc., and promotes them through freelance writers to generate value for the place, conquer the strong image they want and consequently achieve the main objective, which is to attract tourists to the place.
Answer:
Multi-channel marketing
Explanation:
Multi-channel marketing is defined as the amalgamation of various product delivery and communication channels that are reinforcing in attracting, retaining, and building relationships with the people who purchase and shop online and in traditional intermediaries.
Answer:
The answer is B. the selling price minus desired profit
Explanation:
The formula for target costing is:
Selling price minus desired profit(profit margin).
Target costing is one of the tools used by management to determine the cost at which a product will be sold for at every stage of its life-cycle.
One of the advantages of target costing is that it enables firms to think about the best way to produce a product at the lowest possible costs