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2 years ago

What is penetration pricing?

Business

1 answer:

Setler [38]2 years ago

8 0

Answer:

A. The approach of lowering prices temporarily to gain market share

Explanation:

Penetration pricing is a strategy that marketers use to quickly gains market share of a new product. The strategy involves lowering the price of new products to woe customers to buy. The lowering of the price is temporary. Marketers use this strategy to introduce a product as a pocket-friendly alternative.

Penetration pricing is used where a product will be in competition with other existing brands. After the product has gain market share, marketers may increase the price to make profits.

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When MyGym management began evaluating overseas market expansion, it first looked at countries in which English was fairly comm

Paha777 [63]

Answer:

standardized global marketing

Explanation:

According to my research on the different types of marketing approaches, I can say that based on the information provided within the question the approach that the company has undertaken is best described as standardized global marketing. This is basically when a company uses the same marketing strategy in various countries and with various cultures. Which is what MyGym is doing by looking into countries that speak English so that they can maintain the same marketing programs.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

2 years ago

David runs a bed and breakfast in the outskirts of a big city. His employees are allowed to spend up to $200 to resolve any cust

defon

Answer:

Empowerment.

Explanation:

Empowerment: It an authority or power been given to an individual or group of people to perform certain tasks with complete determination. This power has been given so that tasks been performed diligently and smoothly.

In corporate, individuals been empowered to hold responsibility for certain tasks and prove profitable for the organization.

Similarly, In the given case David has empowered his employee to resolve customer complaints by itself without getting escalated, however, he has limited the power by $200 to resolve any customer complaint.

7 0

2 years ago

Random Co. purchased a machine for $400,000 that has a five year life and will produce annual net cash inflows of $110,000 per y

inysia [295]

Answer:

NPV = $39,230

Payback period = 3.64 years

Explanation:

The net present value (NPV) = (net annual cash flow x interest factor) - investment

NPV = ($110,000 x 3.993) - $400,000 = $439,230 - $400,000 = $39,230

The payback period = investment / net annual cash flow = $400,000 / $110,000 = 3.64 years or 3 years, 7 months and 19 days

You can also calculate the PV of each annual cash flow which will give you a more precise result, but the variation is minimal:

PV = ($110,000 / 1.08) + ($110,000 / 1.08²) + ($110,000 / 1.08³) + ($110,000 / 1.08⁴) + ($110,000 / 1.08⁵) = $439,198

and the NPV = $39,198

5 0

2 years ago

Cecil Jameson, Attorney-at-Law, is a proprietorship owned and operated by Cecil Jameson. On July 1, 2007, Cecil Jameson, Attorne

Kisachek [45]

Answer:

1. Determine the amount of owner’s equity (Cecil Jameson’s capital) as of July 1, 2007.

equity = assets - liabilities = $15,050 - $1,530 = $13,520

2. State the assets, liabilities, and owner’s equity as of July 1 in equation form similar to that shown in this chapter. In tabular form below the equation, indicate the increases and decreases resulting from each transaction and the new balances after each transaction.

since there is not enough room here, I used an excel spreadsheet

3. Prepare an income statement for July, a statement of owner’s equity for July, and a balance sheet as of July 31, 2007.

Cecil Jameson, Attorney-at-Law

Income Statement

For the month ended July 31, 2007

Service revenue $5,953

Expenses:

Paralegal services $1,635
Wages expense $850
Rent $1,200
Answering service expense $250
Utilities expense $325
Supplies expense $115
Miscellaneous expense $75 $4,450

Operating income $1,503

Cecil Jameson, Attorney-at-Law

Balance Sheet

For the month ended July 31, 2007

Assets:

Cash $6,873

Accounts receivables $2,225

Supplies $980

Land $10,000

Total assets $20,078

Liabilities:

Accounts payable $720

Paralegal fees payable $1,635

Total liabilities $2,355

Equity:

Jameson, Cecil, capital $18,723

Jameson, Cecil, drawings -$1,000

Total equity $17,723

Liabilities + Equity = $20,078

Cecil Jameson, Attorney-at-Law

Statement of Owner’s Equity

For the month ended July 31, 2007

Jameson, Cecil, capital balance July 1, 2007 $13,520

Investment during the month $3,700

Net income $1,503

Subtotal $18,723

Drawings ($1,000)

Jameson, Cecil, capital balance July 31, 2007 $17,723

4. (Optional). Prepare a statement of cash flows for July.

Cecil Jameson, Attorney-at-Law

Statement of Cash Flows

For the month ended July 31, 2007

Cash flows from operating activities

Net income $1,503

Adjustments to net income:

Decrease in accounts receivables $975
Decrease in accounts payables ($810)
Increase in supplies inventory ($130)
Increase in paralegal fees payable $1,635 $1,670

Net increase in cash from operating activities $3,173

Cash flows from investing activities $0

Cash flows from financing activities

Additional paid in capital $3,700

Drawings ($1,000)

Net increase in cash from financing activities $2,700

Net increase in cash $5,873

Cash balance July 1, 2007 $1,000

Cash balance July 31, 2007 $6,873

Download pdf

5 0

2 years ago

Kate set a goal of getting along better with her younger sister. What is a more specific goal for kate?

Orlov [11]

A more specific goal for Kate would be to respect her younger sister, adore her more, and help her when times are rough.

4 0

2 years ago

Read 2 more answers