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Zinaida [17]
3 years ago
8

The marketing manager of Raven Golf Club finds that the club can increase its market share of it slashes membership prices durin

g the first quarter of the year. However, it would mean that the club will not achieve its target return on investment. This conflict illustrates
Business
1 answer:
Anna35 [415]3 years ago
3 0

Answer:

Conflicts arise between pricing objectives, so sometimes you need to trade-off profit maximizing pricing objectives for market share maximizing pricing objectives, or vice versa.

Explanation:

Your pricing objectives can be either a price that maximizes profit, or a price that maximizes market share and sales volume.

The problem is that most of the times you cannot set one price that will achieve all the possible pricing objectives.

For example, if you want to maximize profit, your price will be high, but your sales volume will be small. If you want to increase your market share, you must sell your products at a low price.

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Each year a cash grant is given to a deserving college student. The grant consists of the interest earned that year on a $440,00
Harlamova29_29 [7]

Answer:

The cash award will be equal;l to $444422.01

Explanation:

We have given amount invested P = $440000

Rate of interest r = 8.3%

Time t = 1 year

As the amount is compounded on daily basis

We know that 1 year = 365 days

So rate of interest r=\frac{1}{365}=0.00273 %

Time period n = 365

We know that final amount is equal to A=P(1+\frac{r}{100})^n

So A=440000(1+\frac{0.00273}{100})^{365}=444422.01$

So the cash award will be equal;l to $444422.01

6 0
4 years ago
NewKirk Inc.., is an unlevered firm with expected annual earnings before taxes of $21 million in perpetuity. The current require
IrinaVladis [17]

Answer:

$11,895,000

Explanation:

Expected annual earnings before tax = $21,000,000

Debt issue = $30,000,000

Interest rate = 9%

Annual Interest expenses = $30,000,000 × 9%

= $2,700,000

EBT = EBIT - Interest expenses

= $21,000,000 - $2,700,000

= $18,300,000

Net income = $18,300,000 × (1 - 35%)

= $11,895,000

Cash flows available to equity holders after recapitalization will be $11,895,000.

8 0
3 years ago
List two examples of service you have purchased in the past or may purchase in the future
Sphinxa [80]

Services are actions that you purchase for someone to do for someone else. Basic examples of services are tutoring, hair cuts, car repairs, medical appointments, cleaning service, tech support.

Goods are tangible items that can be physically owned while most services are intangible.

3 0
3 years ago
Explain two factors have affected the organisation of the businesses functional activities
Romashka [77]

Answer:

The two factors that affect the organization of businesses functional activities are ;

Strategy

Technology

Environment

Explanation:

Strategy determines the approach or the course of action to direct the activities of the organization of businesses. Strategy is the innovation room where new approach to solving a problem is discovered and implemented.

Technology; the technology for manufacturing goods and services affect the organization of business functional activities.

4 0
3 years ago
1)What is human capital, and how is it different from strictly the quantity of workers available for work? Name three ways to in
Nitella [24]

Answer: Human capital means the qualities of the labour force as it relates to skill, knowledge, education

etc.

2. The quantity of workers available for work refers strictly to the total number of labour force that are ready for work at a particular time, it's different from human capital which includes the total number and other factors like education, skills etc

2B Three ways to improve a nation human capital are education, skills development program and mentoring.

3. Increase in size of labour force refers strictly to the numbers of labour force while increase in human capital refers to the number and quality of the labour force like skills and knowledge

6 0
3 years ago
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