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2 years ago

Why are firms so obsessed with the pricing element of the marketing mix?

Business

1 answer:

antiseptic1488 [7]2 years ago

3 0

Answer:

Option E

Explanation:

The pricing element will lead the demand which in turn will generate profits. Unlike other elements of the marketing mix, it is the only element that help the organization to cater the cost incurred in production, marketing, and promotion through profit generation which in turn depends on the demand.

Option E is correct

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3 years ago

Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $28,000 were put

elena55 [62]

Answer:

Part 1. Calculate the total prime cost for last week

Direct materials 28,000

Add Direct labor 28,000

Prime Cost 56,000

Part 2. Calculate the per-unit prime cost

per-unit prime cost=$56,000/5,600

=$10.00

Part 3. Calculate the total conversion cost for last week

Direct labor 28,000

Add Manufacturing Overheads 55,000

Total conversion cost 83,000

Part 4. Calculate the per-unit conversion cost.

per-unit conversion cost=$83,000/5,600

=$14.82

Explanation:

Part 1. Calculate the total prime cost for last week

Prime Cost = Direct Materials + Direct Labor

Part 2. Calculate the per-unit prime cost

Per Unit Prime Cost = total prime cost/number of units manufactured

Part 3. Calculate the total conversion cost for last week

Conversion Cost = Direct Labor + Manufacturing Overheads

Part 4. Calculate the per-unit conversion cost.

Per-unit conversion cost =Total Conversion Cost / number of units manufactured

7 0

3 years ago

What is not part of all contracts?

sdas [7]

Premium is not included in all contracts.
Offer is very important, time requirements is also a must in a contract, consideration is also stated in the contracts, but premium is not included in the contract.

6 0

3 years ago

Read 2 more answers

Industrialized former colonial states that dominate the world economic system are?

Verizon [17]

Industrialized former colonial states that dominate the world economic system: Core Countries

5 0

1 year ago

Kingbird, Inc. has the following information available for accruals for the year ended December 31, 2019. The company adjusts it

Anton [14]

Answer:

a-Dec-31. Dr Utility expense 485

Cr Utility bills payable 485

b-Jan-11. Dr Utility bills payable 485

Cr Cash 485

c-Dec-31. Dr Salary expense 3990

Cr Salary payable 3990

d-Dec-31. Dr bank 51600

Cr Loan payable 51600

e-Dec-31 Dr Interest expense 215

Cr interest payable 215

f-Dec-31 Dr Account receivable 340

Cr Service revenue account 340

g-Dec-31. Dr Cash 6840

Cr Advance Rent 6840

Explanation:

a-Utility expense incurred for the m/o Dec will be paid in Jan.

c- Salaries of 3990 will be paid on Jan of 4 days.

e-Interest expense for the m/o Dec will be (51600*5%=2580/12=215.

f-The service fee is receivable which will be paid on Jan.

g- Advance rent is received from client.

7 0

3 years ago