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3 years ago

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Business

1 answer:

mote1985 [20]3 years ago

7 0

Answer:

Health care: Wesley Emergency Care provides emergency health care for people that need urgent help. Prices are quite expensive because the need is high for these services. This is inelastic pricing. Wesley promotes itself via billboards and a direct mail in the form of a health care newsletter. Wesley Emergency Care is conveniently located at a cross section of the town, and patients must come to the hospital, although an emergency ambulance service is available for patients that need emergency transportation.

Food and beverages: Marie Callender’s provides frozen meals that taste like home-cooked food. Prices are a bit more expensive than other brands because the food is tastier than Stouffers or other mainstream brands. While the pricing is fairly elastic, this brand positions itself as a premium product, so it sets its prices higher. Marie Callender’s uses television advertising for their promotion because visibility is as important as the message. The distribution channel is long, starting from the manufacturer to a distributor to a cold-storage warehouse and finally to the retailer.

Consumer goods: Bic pens are good-quality pens at inexpensive prices. Promotion is minimal as the brand name is so renowned, although they do use some television advertising. The distribution channel is typical for a consumer good, from manufacturer to distributor to warehouse to retailer.

Travel: Southwest Airlines. Southwest provides no-frills passenger air travel to and from major cities. Prices are highly elastic for airline tickets. Southwest keeps its prices as low as possible and does not charge for baggage. It uses television advertising and magazine ads for promotion. It is different from other airlines in that it does not use a distribution venue through online price comparison or online travel booking websites as this would raise the price of the fare. Instead, consumers have to check Southwest’s prices on their own.

Electronics: iPhone. The iPhone, from Apple, is a premium-priced smartphone. The iPhone positions itself as a superior brand. Therefore, sometimes, it limits its supply when a new version is introduced. As a result, the prices of the phone increase since the consumers see the product as something special. Promotion is based heavily on television advertising. The distribution channel is shorter than most channels as Apple prefers to design and build its operating system in-house and use dedicated software and drivers. Retail outlets consist of Apple stores, licensed electronics stores, and Apple’s website.

Explanation:

You might be interested in

Lemony Company made sales of $ 32 comma 200 million during 2018. Cost of goods sold for the year totaled $ 12 comma 880 million.

Aleksandr [31]

Answer:

Gross profit is 60%

Inventory turnover is 4.6 times

Explanation:

The formula to compute the gross profit percentage is shown below:

= (Gross profit ÷ sales) × 100

where,

Gross profit = Sales - the cost of good sold

= $32,200 million ÷ $12,880 million

= $19,320 million

And, the sales is $32,200 million

Now put these values to the above formula

So, the percentage would equal to

= ($19,320 million) ÷ ($32,200 million) × 100

= 60%

The formula to compute the inventory turnover is shown below:

= (Cost of goods sold) ÷ average inventory

where,

Average inventory = (Beginning inventory + ending inventory) ÷ 2

= ($1,200 million + $1,600 million ) ÷ 2

= $900 million

And, the cost of good sold is $12,880 million

Now put these values to the above formula

So, the turnover would equal to

= $12,880 million ÷ $2,800 million

= 4.6 times

7 0

3 years ago

Flesch Corporation produces and sells two products. In the most recent month, Product C90B had sales of $23,490 and variable exp

Mars2501 [29]

Answer:

Contribution margin ratio = Contribution margin / Sales

Product C90B CMR = ($23,490 - $7,047) / $23,490 = $16,443 / $23,490 = 0.7 = 70%

Product Y45E CMR = ($34,800 - $13,920) / $34,800 = $20,880 / $34,800 = 0.6 = 60%

The rule, <em>the Higher the contribution margin ratio, the lower the Break-Even point. </em>So, if sales mix shifts to product C90B, overall Break-even point <u>Decreases</u>.

8 0

3 years ago

Kimberly is excited about a high-end vacuum cleaner she purchased. She can't wait to show her husband how well the vacuum cleane

lesantik [10]

Answer:

C) affective involvement

Explanation:

Affective or emotional involvement takes place when customers build emotional connections and have deep feelings about a certain product or service.

Kimberly's excitement about her new vacuum cleaner can be better understood as a consequence of her feelings toward her family than what the vacuum cleaner really does. She is excited because she feels she has done something good for her family.

7 0

3 years ago

Which of the scenarios are examples of free-riding?

bezimeni [28]

Answer:

b. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air.

. Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64.

Explanation:

Free riding is when a person enjoys the benefit of a good or service but doesn't pay for it. This is a form of market failure.

Bob listens to the radio but doesn't donate and Jim would benefit from the grade given to the group but doesn't participate. These are instances of free riding.

Karl doesn't drive at night and so doesn't enjoy the benefits of the street light and doesn't pay. This is not an instance of free riding.

I hope my answer helps

3 0

4 years ago

Interest rates rise faster in Scotland (GBP) than they do in the United States (USD). Which nation’s currency appreciates? Which

patriot [66]

There is very simple logic between demand and supply. When demand is high, price rises and currency appreciates in its value. On the other hand, price should decline if import rate is mare compared with export rates. As prices of U.S goods increases which ultimately goes to international market where producers have to pay domestic currencies. Americans will demands comparatively less expensive goods. So it will result in supplying more dollars to foreign exchange market.

Finally, increasing demand of pounds. Finally, U.S dollars appreciates and pound depreciates. Trade value is amount by which total import value deviates from export value. Due to changes in interest rates results in trade imbalance in U.S. There is not greater effect on Scotland as it is key player in transporting of energy products to rest of U.K.

6 0

3 years ago