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3 years ago

Explain one situation when you will use these two pricing strategies penetration pricing and skimming prices

Business

1 answer:

Dominik [7]3 years ago

5 0

Answer:

An electronic news portal that offers one complimentary month for something like a free trial service or an institution that offers a free bank account for 6 months are both instances of penetration pricing.

A pricing technique known as price skimming is establishing a premium charge when other rivals enter the market. For instance, the Playstation 3 was initially priced at $599 in the United States, but has now been lowered to around $200.

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7. Why might some construction workers be paid more than some teachers?<br>

DENIUS [597]

Answer:

hazard pay

Explanation:

in the working field if your job is considered dangerous you get hazard pay for "potentially risking your life" while as ateacher there is not a similar threat.

hope this helped!!

4 0

3 years ago

Active Feet, a small manufacturer of shoes, hired an additional vice-president and purchased a barrel of synthetic rubber used t

mezya [45]

Answer:

B) overhead cost/cost of goods sold

Explanation:

Overhead costs: all expenses not directly attributed to the production of a good or service (e.g. insurance, legal fees, administrative expenses, etc.)

Costs of goods sold: all costs directly attributed to the production of a good or service (e.g. direct labor, direct materials)

8 0

3 years ago

Kosher Pickle Company acquires all the outstanding stock of Midwest Produce for $15.0 million. The fair value of Midwest's asset

JulsSmile [24]

Given Information:

Fair value of consideration paid = $15 million

Fair value of Midwest's assets=$11.9 million

Fair value of Midwest's liabilities=$1.7 million

Required Information:

Amount paid for goodwill = ?

Answer:

Amount paid for goodwill = 4.8 million

Explanation:

The amount of goodwill can be calculated by

Amount of goodwill = Fair value of consideration paid - Fair value of net identifiable assets

The Fair value of net identifiable assets is found by

Fair value of net identifiable assets = Fair value of Midwest's assets - Fair value of Midwest's liabilities

Fair value of net identifiable assets = 11.9 - 1.7

Fair value of net identifiable assets = 10.2 million

Therefore, the amount paid for goodwill is

Amount paid for Goodwill = 15 - 10.2

Amount paid for Goodwill = 4.8 million

7 0

2 years ago

Capricorn Creative Inc., a U.S.-based advertising firm, was the first in the advertising industry to identify the growth potenti

Salsk061 [2.6K]

Answer:

The correct answer is option A ,first mover advantage.

Explanation:

First mover advantage is form of leading strategy where a firm is the first to identify the opportunities hidden in a particular industry or geography,thereby unlocking the potentials in order to improve its financial performance business-wide.

This is a form of diversification, as putting one's eggs in one basket is not a sustainable way to grow the business in the long-term.

Even though there are risks involved in been a first mover, the benefits sometimes outweigh the risks.

3 0

3 years ago

Classify each item as an asset, liability, common stock, revenue, or expense. (a) Issuance of ownership shares. select the corre

Roman55 [17]

Answer:

The classified list of items is as follows:

(a) Issuance of ownership shares - Common stock

(b) Land purchased - Asset

(d) Bonds payable - Liability

(e) Amount earned from selling a product - Revenue

(f) Cost of advertising - Expense

Hence, all the items are classified as asset, liability, revenue, common stock and expense.

8 0

3 years ago