Answer:
The strategic role of premium pricing is to create the perception that the products is superior to other competing products.
Explanation:
A premium pricing sets the price of a product higher than competing products. This strategy will automatically make the product stand out.
The economic circumstances that would encourage this pricing strategy include high demand for this particular product as well as a larger addressable market for it.
Generally speaking, increasing the price will also create better customer service, PR and clout. That will create an emotional connection with potential customers.
Creating and maintaining a premium brand with a steady and increasing premium patronage is the goal as suggested by Mark Williams for Roast Coffee.
Explanation:
The internal policies of a company with a high reputation in the market and in society help to shape the skills and attitudes of employees as a whole, creating a culture based on ethical values that help to create solid relationships between employees, an environment of positive work that makes the employee feel engaged and motivated to act more and more in accordance with the company's good practices.
A company like IKEA for example, whose values are based on social and environmental positioning and commitment to society, creates in the employee strong feelings of identification and pride in working in a company that generates positive impacts on the world, which contributes to shaping their attitude towards valuing your work and your skills.
Answer:
Collection from Customers =$487,000
Explanation:
Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance
=97000+$519,000-$65,000
=$487,000
Given:
400 shares of Google
399.75 per share
2% commission on purchase price.
400 shares * 399.75/share = 159,900
159,900 x 1.02 = 163, 098
The total to Bee Sting is $163,098
Answer: See explanation
Explanation:
Economics is the study of human behavior and also how resources are allocated in the society. Economics studies the reason for the behavior in the individuals, firms or government when certain situations happen in the economy.
Opportunity cost is refered to as n alternative cost that's, the cos if what we forgo when we make an alternative decision. For example, if I purchase a book for $20, the opportunity cost is something else that I could have used the $20 for.
