Answer:
a. Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.
Explanation:
The objective of a best-cost strategy is to: Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.
A best-cost strategy is built on product offering that guarantee customers better value for money by focusing both on low cost and upscale difference.
The ultimate goal of the best-cost strategy is costs and prices reduction to a point lower than other providers of similar products with comparable quality and features.
Answer:
Premium
Explanation:
Kelly's kitchen in offering kids meal with every purchase of its luxury meal pack; this is an effective method to attract customers and to improve overall sales. The method which Kelly's kitchen has opted for is known as premium. The kitchen is offering a premium or an incentive to every customer who buys their luxury meal pack. Premium is an incentive which is offered in this example.
Answer:
1,066,000
Explanation:
it is 6.6% of the money added to 1,000,000
Answer:
29,200 units
Explanation:
The computation of new break even point is given below:-
= Fixed Cost ÷ Contribution per unit
Fixed cost
= $625,000 + $105,000
= $730,000
Variable cost per unit = 50% of selling price
= $25
So, the break even point = $730,000 ÷ 25
= 29,200 units
Therefore for calculating the break even point we simply divide the $730,000 from 25 per unit variable cost.
Answer:
The capital budget is the correct answer to this question.
Explanation:
The capital budget varies from the budget period because its elements are of a long-term type. The capital budget is made up of capital expenditures and payments.
Capital budgeting is critical because it provides transparency and quantification. The capital budgeting method is a tangible way for companies to assess the long-term financial and economic feasibility of any development plan. The decision on capital budgeting is both a financial undertaking and an investment.