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likoan [24]
3 years ago
9

Common approaches to pricing are oriented around which four elements?

Business
1 answer:
OLEGan [10]3 years ago
7 0

Profit, Competition, Cost and Demand are the element which the approaches for pricing fixing are oriented around.

Pricing refers to the process of determining the value that a producer will receive in the exchange of services and goods produced with final consumers or middle men.

  • The aim of generating profit is one of the element considered for price fixing.

  • Competition levels with other companies in the industry will influence price fixing because consumers pocket have to be considered.

  • Level of Cost incurred during production of the goods and services also play a great role in price fixing.

  • Demand from the market also influence price setting on a product.

Read more on this here

<em>brainly.com/question/15398134</em>

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How do scarce resources influence you personally? What impact does this have on your financial management?
tankabanditka [31]
Scarce resources encourage me to spend time thinking about how I use the limited amount of money and materials that have so that I may use them in a matter that best guarantees that I will get the most satisfaction out of it. Since resources also include time, they also define how much I time I spend doing which activities, and steer me to put in a certain degree of work. 

Since there is a limited supply of resources, the great wheel that facilitates the cycle that these such resources use, known as money, must also be limited. How I manage my finances (money and resources). Knowing this, I am encouraged to invest such resources into more efficient outlets to attain the most powerful results out of my few resources. 

3 0
4 years ago
Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares outstanding. If the gross retu
Vikentia [17]

Answer:

A 15.64%

Explanation:

300*1.18 = 354

354*0.02 = 7.08

354 - 7.08 = 346.92

rate of return = 346.92/300

                      = 15.64%

Therefore, The rate of return on the fund is 15.64%

3 0
3 years ago
Proper marketing objectives have required elements to make them effective. Which of the following is the best example of how a m
Alinara [238K]

Answer:

the answer is c) To increase awareness by 20% in the next year

Explanation:

The objectives in the business and companies in the world, in this case marketing need to have a quantifiable goal and  estimated time of duration, in this case the option a)  doesn't have a number that measure the percentage of the market share, and in the option b) doesn't have an estimated time for example one year or  10 months. Due that the option c) accomplish with the two conditions the answer is c)

3 0
3 years ago
Boone Company purchased a piece of machinery by paying $18,000 cash. In addition to the purchase price, the company incurred $80
Mkey [24]

Answer:

The correct answer is $18920.

Explanation:

Boone Company purchased a piece of machinery by paying $18,000 cash.

In addition to the purchase price, the company incurred $800 freight charges.

Estimated useful life of the machine is 5 years and will require $600 for insurance over that period.

So insurance money for a year = $ (\frac{600}{5} ) = $120.

Boone Company would record the cost of the machine at  $ ( 18000+ 800+ 120) = $ 18920.

4 0
3 years ago
TrueBlue uses an evaluation form for sales reps which lists several specific behaviors, such as "follows up on customer leads" a
Damm [24]

Answer:

True

Explanation:

The term business operating system (BOS) refers the to standard, enterprise-wide collection of business processes that are used in many diversified industrial companies.

It refers to a collection of the business processes that can be used to boost the efficiency of each function of the business. It includes the fundamental framework, policies and routines which are needed to operate and grow a business.

It has been adopted by companies like; The Lego Group, Toyota Motor Corporation and The Boeing Company.

8 0
4 years ago
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