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vaieri [72.5K]
3 years ago
5

In preparation for introducing a new doll to the market, a toy company advertises and creates so much demand that little girls a

re lined up at the stores, determined to be the first to own one. The toy company sells these first dolls at twice their actual retail value. This is an example of ______.
Business
1 answer:
maxonik [38]3 years ago
3 0

Answer:

Price Skimming

Explanation:

Price skimming is one kind of price-setting strategy where marketers set a relatively higher price when the product launch initially in the market. Generally, the producer sets a higher price rather than it should prevail in the market, and later on, the price goes down due to lower demand. Price skimming strategy only applicable to a new product that is about to launch in the market. It is generally done by fancy advertising of the product.

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Why was hop frog a triplicate treasure to the kink how did the gesture get his name
Elden [556K]

Answer:Because of his physical deformity, which prevents him from walking upright, the King nicknames him "Hop-Frog".

5 0
3 years ago
Frames, Inc. manufactures, produces, and sells picture frames. The frame sells for $25 and the variable operating costs per unit
astraxan [27]

Answer:

D) $320,000

Explanation:

We are given the following information:

  • unit price = $25 per frame
  • variable costs = $12 per frame
  • fixed costs = $50,000 for 25,000 frames or $2 per frame

If Frames is able to sell 30,000 frames in one month, their operating income should be:

Total sales revenue                $750,000 (= $25 per frame x 30,000 frames)

<u>COGS                                      -$430,000 [= (30,000 x $12) + $70,000]        </u>

Gross operating profit            $320,000

7 0
3 years ago
A technology company that makes computers for professional use is trying to segment its customers. The company asked some profes
borishaifa [10]

Answer:

Benefit sought

Explanation:

Customer segmentation can be defined as the process of placing customers into different groups, this grouping is based on the age, interest, gender. It can also be referred to as the classification of potential customers based on the similar characteristics that they share.

Customer segmentation makes it easy for marketers create an awareness of their product to a particular group of people.

Benefit sought can be described as the segmentation of a market based on the various benefits that potential customers receive from purchasing a product.

8 0
4 years ago
Suppose americans decide to save less of their incomes, reducing the ability of banks to lend to businesses. with less funds ava
zimovet [89]
<span>If Americans decides to save less, then they will not keep the money in the bank account. They will rather spend it. This will leads to deficit in the deposits of banks and as a result bank will have less lending capacity. This reduction in lending will make it difficult for businesses to get loans which will impact their production levels and hence productivity as a whole will be reduced. Therefore, reduction in saving leads to reduction in productivity.</span>
4 0
3 years ago
Bill’s Bakery is trying to decide if it should use all of its resources to make 12 dozen chocolate chip cookies or 10 dozen pean
juin [17]

Answer:

The trade off Bill's Bakery will make will be using most of its resources in producing the product that would be more attractive to the customers while producing lesser of the less attractive product

Explanation:

The trade off that Bill will make will be using most of its resources in producing the product that would be more attractive to the customers while producing lesser of the less attractive product. this will be dependent on which product will be more beneficial to Bill's Bakery financial i.e based on customers depend .

A Trade off is a business exchange where by one benefit is given up for another because both cannot be compatible at a time

8 0
3 years ago
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