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3 years ago

What is penetration pricing?

Business

1 answer:

Setler [38]3 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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Suppose a local company has the following balance sheet accounts. Calculate the missing amounts assuming the business has total

OLga [1]

Answer:

Equipment = $16,000

Notes payable = $18,000

Explanation:

Total assets = Land + Equipment + Supplies + cash + prepaid rent

Equipment = Total assets - Land - Supplies - cash - prepaid rent

= $37,500 - $9,000 - $2,100 - $7,200 - $3,200

= $16,000

Total assets = Total liabilities = Shareholder's equity + salaries payable + notes payable + accounts payable

$37,500 = $13,500 + $4,300 + notes payable + $1,700

Notes payable = $37,500 - $13,500 - $4,300 - $1,700

= $18,000

Therefore, the value of equipment is $16,000 and the value of notes payable is $18,000.

4 0

3 years ago

Is your boss right? A. Yes, you can tell by the way the income shares for each factor move in opposite directions over time. B

Ipatiy [6.2K]

Answer: B. No, if it were a Cobb-Douglas production function, the income shares would be constant over time.

Explanation:

The Cobb-Douglas production function is usually used to show the relationship between capital and labor( can be used for other variables) and how much output they can produce at varying levels.

The thing about the Cobb-Douglas function however, is that it assumes a constant rate of income shares overtime. This country's income on the other hand, sees its income shares fluctuating overtime so the Cobb-Douglas function is not a good representation for them.

7 0

4 years ago

Select all advantages of investing in a retirement account.

Aleksandr [31]

Money is deducted from your paycheck before taxes are taken out.

Answer: Option A

<u>Explanation:</u>

The major advantage of the tax investing is making a contribution to a retirement account before pre-tax. The money as to be deducted from before taxes are taken out.

The more popular as workers started to take control of their own retirement savings, the investing retirement account offers individuals an opportunity to save for retirement in a tax advantages account. For example, the government allows taxable income to be reduced by the amount of the contribution to a retirement plan.

5 0

4 years ago

Over time, 3M has relied on the results-only-work-environment (ROWE) framework and has morphed into a highly science-driven inno

katrin [286]

Answer: output controls.

Explanation:

The real-world scenario best illustrates output controls. Output control refers to the technique that is used in analysing the output that is provided by a firm.

Output control focuses on the measurable results that are within an organization. Since the company encourages its employees to spend 15 percent of their time on projects of their own choosing and the ones who looks promising are financed to develop their commercial potential, this refers to output controls.

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3 years ago

The practice of hypothesizing, testing, and validating to create a business model is called ______. a.evidence-based entrepreneu

siniylev [52]

Answer:

a.evidence-based entrepreneurship

3 0

2 years ago