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
VikaD [51]
3 years ago
13

Firm A plans to introduce a new smart phone which has a potential market of 1 million customers. The marketing research conducte

d by the firm shows that 40% of the customers will buy t if the phone is priced at no more than S300 and the other 60% of the Customers will only buy it if the phone is priced at no more than $250.
Which of the following pricing strategies is best to help the firm achieve its maximum revenue?
a. Price it at $250 and $300 and use a discrimination strategy to reach the two segments of the market
b. Price it at the middle of the two prices ($250+$300y2-$275)
c. Price it at $250 and use the pull strategy
d. Price it at $300 and use the pull strategy
Business
1 answer:
kupik [55]3 years ago
5 0

Answer:

a. Price it at $250 and $300 and use a discrimination strategy to reach the two segments of the market

Explanation:

In order to maximize the revenue the price must be applied. But at the same time the first have to use the price discrimination strategy for reaching the two segments

So, The maximized revenue is  

= (1,000,000 × 0.40 × $300 ) + (1,000000 × 0.60 × $250 )

= 120 million + 150 million

= $270 million

SO it would be lies in middle of $250 and $300

Hence, the first option is correct

You might be interested in
whiche one of the following are not elements of an insurable risk a) determinable probability distribution b) calculate chance o
ankoles [38]

Answer:

okay

Explanation:

okayndhdjsoakcgheioazncndjjaak

5 0
3 years ago
Read 2 more answers
The period before a trial takes place is called the
nadezda [96]

Answer:

The answer would be A.

Explanation:

Discovery process, finding the facts.

4 0
2 years ago
When you should send an email
Greeley [361]

B. When the subject matter is objective and informative

8 0
2 years ago
Read 2 more answers
Deep water can _____.
kobusy [5.1K]
The answer is D because if u were in a flood it would mess up ur car
5 0
3 years ago
Read 2 more answers
The operating and maintenance expenses for a mining machine are expected to be $11,880 in the first year and increase by $864 pe
nalin [4]

Answer:

The answer is "\$16,441".

Explanation:

First-year operational and maintenance costs = \$11,880.

Operating and repair costs increase inwards=\$864 for the first year

N =15 years machine life

Interest I = 10\%annually combined

Please find the image file.

Its single payment sequence is now provided by:

Amount=(\text{15-year system quantity})\times (\frac{\text{Rate of interest}}{(1-(1+ \text{Rate of interest})- n))}

             = \$522,371.3236 \times (\frac{0.1}{(1-(1+0.1)-15)})\\\\

Uniform payment sequence =\$16441.2477 \approx\$16,441

5 0
3 years ago
Other questions:
  • A company wants to identify which of two production methods has the smaller completion time. One sample of workers is randomly s
    5·1 answer
  • The final paragraph of a letter of application explains why you are writing the letter
    12·1 answer
  • Requesting funds for working capital suggests that the business is not a solid investment
    9·2 answers
  • In its role as money manager, the Federal Reserve has three primary goals: to maintain stable prices (control inflation), ensure
    9·1 answer
  • Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation.
    15·1 answer
  • Nolan Dry Cleaners has determined the following about its​ costs: Total variable expenses are $40,000​, total fixed expenses are
    15·1 answer
  • Active Feet, a small manufacturer of shoes, hired an additional vice-president and purchased a barrel of synthetic rubber used t
    12·1 answer
  • A manufacturer uses activity-based costing to assign overhead costs to products. Budgeted cost information for selected activiti
    13·1 answer
  • Ultimo co. operates three production departments as profit centers. the following information is available for its most recent y
    10·1 answer
  • If the true mean is .9350 with a standard deviation of 0.0090, within what interval will 90 percent of the sample means fall? (r
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!