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defon
3 years ago
5

MaryAnn has just opened a new food-truck business selling homemade crepes. She is confident in the quality of her product and sh

e must now decide on the right price. Should she attract new customers through lower prices or highlight the quality of her products through higher prices
Business
1 answer:
Bingel [31]3 years ago
6 0

The questions that Maryann is having defines her price objective of the price setting process.

Mary is at the stage where she has to set the prices for her product. In order to do this she has to think about her intended market and also think of her cost of production.

Some of the pricing objectives that she has to think about here are:

  • The price that her competitors have set in the market
  • Her profit
  • Price stability
  • How to achieve market share

<u>Complete question:</u>

MaryAnn has just opened a new food-truck business selling homemade crepes. She is confident in the quality of her product and she must now decide on the right price. Should she attract new customers through lower prices or highlight the quality of her products through higher prices? These questions represent which step of the price-setting process?

<u>Read more on:</u>

brainly.com/question/9223122?referrer=searchResults

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Answer:

Option D. Not enough information to answer this question.

Explanation:

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So merely a price doesn't decides that we going to enter the market or we are leaving the market. Their are chances that we can control the cost of that the competitor starts selling the product at cost which will have harmful impact.

So the information provided to answer this question is not enough.

6 0
3 years ago
. A manufacturer uses manages its inventory using fixed quantity system and wants to be able to fully supply its customers at le
Vsevolod [243]

Answer:

Lead time needed is approximately 1 day

Explanation:

In this question, we are asked to calculate the maximum number of lead days needed by a manufacturer to give a supplier

We proceed as follows;

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Suppose lead time = L

Safety stock = Z × σ d × √L

100 = 1.75 × 50 × √L

=100 = 87.5 × √L

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√L = 1.142857142

L = 1.142857142^2

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4 years ago
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Answer:

b.$77

Explanation:

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<u>inventory after first sale: (available at second sale)</u>

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purchase september 4th   7  untis at $6

September 25th Sale of 12 units

<u>inventory used for second sale:</u>

September 4th   7  untis at $6

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total COGS for the sale: $77

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