1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldier1979 [14.2K]
3 years ago
13

"The first generation Apple iPod was introduced in 2001 and sold for $500. The following year a mini version was introduced for

$250. Apple initially used a ________ strategy to price their digital music innovation."
Business
1 answer:
Vlada [557]3 years ago
4 0

Answer:

Market skimming

Explanation:

Market skimming is pricing strategy of organizations under which a product is priced higher when it is introduced to make maximum profit and after the product seeps in to the market, then price is reduced.

This pricing strategy is adopted by organizations that introduce an innovative product in the market that has the potential to be priced higher.

Apple followed this strategy as it introduced first iPod which was new to the market at considerably higher price of $500. This was possible as there were no competitors. Afterwards, it reduced the price of next version as then many competitors entered the market.

You might be interested in
You plan to retire in 30 years and you are investing $250 per month in the BMO Large-Cap Growth mutual fund. The fund has an ave
mr Goodwill [35]

Accumulated Balance is given by :

A=P\dfrac{(1+i)^n-1}{i}\times (1+i)

Here,

n = time period = 30×12 = 360.

i=\dfrac{13.45}{100}\times \dfrac{1}{12}=0.0112

P = principal price = $250.

Putting all given values in above equation, we get :

A=250\times \dfrac{(1+0.0112)^{360}-1}{0.0112}\times (1+0.0112)\\\\A=\$1221659.48

Hence, this is the required solution.

6 0
3 years ago
LIFO uses the ______ unit costs for Cost of Goods Sold on the income statement and the ______ unit costs for Inventory on the ba
Tasya [4]

LIFO uses the last unit costs for Cost of Goods Sold on the income statement and the first unit costs for Inventory on the balance sheet.

<h3>What is LIFO?</h3>

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

For example, if beginning inventory consists of 10 units at $10 per unit. In the middle of the month, 10 units were bought at $15 per unit. At the end of the month, 10 units were sold. Using LIFO, the cost of goods sold would be $150 ( 10 x 15). Ending inventory would be $100 ($10 x 10).

To learn more about LIFO, please check: brainly.com/question/13779572

3 0
2 years ago
Lion Industries required production for June is 132,000 units. To make one unit of finished product, three pounds of direct mate
OleMash [197]

Answer:

Raw materials to be Purchased 426,000

Explanation:

Raw materials production needs  396,000 (A)

Desired Ending Inventory             330,000  (B)

Total needs                                    726,000   (C) (A+B)

Beginning Inventory                    (300,000)  (D)

Raw materials to be Purchased 426,000

(A)

Required production 132,000

each units required 3 pounds of raw materials per unit

so we multiply to get how many are required for production

(B) the desired inventory are additional units we need to purchase

(D) the beginning inventory are units we already have on inventory, decreasing our purchase needs.

6 0
3 years ago
The acquisition value attributable to the non-controlling interest at January 1, 2019 is: A) $23,400. B) $24,000. C) $24,900. D)
erastova [34]

Answer:

D) $26,000

Explanation:

The computation of the acquisition value associated with the non-controlling interest is shown below:

= Cash ÷ acquiring percentage × non- owning percentage

= $234,000 ÷ 0.90 × 0.10

= $26,000

It is computed by simply applied the above formula so that the acquisition value in case of non controlling interest could arrive and the same is to be considered

7 0
3 years ago
Assume that a $300 payment for rent expense was incorrectly debited to repair expense and correctly credited to cash. the journa
elena-s [515]
$300debited to rent expense .it was fixed so you now start over and debit stain
3 0
3 years ago
Other questions:
  • Next week, Super Discount Airlines has a fight from New York to Los Angeles that will be booked to capacity. The airline knows f
    11·1 answer
  • What was dave’s biggest lesson when it came to managing money and building wealth?
    15·1 answer
  • An insurance policy with a higher premium most likely has
    12·1 answer
  • On January 1, Creed Boxing Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semiannually.
    10·1 answer
  • Ben seems to have the Midas touch. He can recognize opportunity where others see only problems. His focus is on creating solutio
    10·1 answer
  • Which is an advantage to having an account at a consumer bank instead of a credit union
    14·2 answers
  • Which of the following is a critical dilemma when implementing fiscal policy in reference to timing lags?
    7·1 answer
  • The four determinants in Porter's model of international competitive advantage include all of the following EXCEPT: Group of ans
    10·1 answer
  • A __________ is a profit-seeking organization that receives deposits from individuals and corporations and uses some of these de
    10·1 answer
  • How do i type i am serious
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!