Why is it critical to get the price "right" on a new product?
Answers
Answer:
Since the product is new, the consumers wouldn't have any method to compare the price with the ones that created by other companies. This created a situation that make the consumers doubt whether they make a correct economic decisions if they purchase the product.
This is why it's important to get the price 'right'.
The company need to ensure that the price represent more value for Consumers compared to the money that they have to sacrifice to obtain it.
Related Questions
I WILL GIVE BRAINLIEST! HELP ME PLEASE FOR BRAINLIEST!
In both your personal and professional life, you have to maintain contact information. From your mom’s phone number to the email address for your doctor’s office, these important bits of information have to be kept and maintained in a way that makes them easy to access. What is the best method for maintaining contact information? How do you currently maintain contact information for your contacts? Could you use a better method?
NO LINKS!
Answers
Answer:
i dont think they deleted it
Explanation:
Describe how the following facts represent solutions to problems of asymmetric information. a. Auto insurance rates are higher for teenagers than for nonteenagers. b. Your car insurance coverage probably includes a deductible-an amount that you have to pay out of pocket before your insurance coverage kicks in. c. Many states have laws like Virginia's that give customers the right to keep or inspect parts that are removed by an auto mechanic. d. For many couples, weddings are lavish affairs that cost tens of thousands of dollars and are attended by hundreds of guests.
Answers
An insurance policy is a contract between the insured and the insurer that promises to cover the amount of damage sustained in exchange for a little payment.
Insurance contracts are developed to satisfy specific purposes, thus they contain several characteristics that are not found in many other forms of contracts. Because insurance policies are standard forms, they contain boilerplate text that is common to a wide range of various types of insurance contracts. In general, an insurance policy is an integrated contract, which means that it comprises all forms involved with the agreement between the insured and the insurer. Supplementary writings, such as letters written after the final agreement, might, in some situations, render the insurance policy a non-integrated contract. According to one insurance textbook, "courts often evaluate all earlier conversations or agreements.
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When would it be a good idea to invest your money instead of putting it in a savings
account?
A. When you won't need the money for a long time.
B. When you want to put your money somewhere safe.
C. When you're looking to maintain the value of your money
with a little bit of growth.
D. None of the above
Answers
Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours. Round your answer to the hundredths place.
Answers
Answer:
Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69
Explanation:
Per hour amount paid to Matt = $6.75
Total number of hours worked by Matt = 20.25
To find Gross pay, multiply hours worked and hourly rate of pay.
Therefore,
Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours \(=20.25(6.75)=\$136.6875\) ≈ $136.69
the poverty line: a. separates those on welfare from those not on welfare. b. equals three times an economy food budget. c. equals the median income level. d. all of these.
Answers
The poverty line can be defined as a threshold below which a person is considered to be living in poverty. Among the given options the correct answer is option d.
The poverty line is a threshold that is used to determine the minimum level of income or resources necessary to meet basic needs and avoid poverty. It can vary depending on the country and context. The poverty line is used to identify individuals or households who are considered to be living below the poverty line and may be eligible for welfare programs or assistance. It is a way to measure poverty and is often used by governments and organizations to determine eligibility for social welfare programs. Additionally, the poverty line can also be expressed as a percentage of the median income level. It serves as a benchmark to assess the relative economic well-being of individuals or households in comparison to the overall population.
The poverty line is not an absolute number, as it can vary depending on factors such as family size, geographic location, and the cost of living. Therefore, the correct answer to the question is option d) all of these.
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the amount of money you may earn over time is called
Answers
The amount of money you may earn over time is called Future Earnings Potential. Amount that you might make in your lifetime. Demographics. Individual traits like age, gender, race, income, and so forth.
What is Future Earnings Potential?
Earning potential is the anticipated increase in total return that an investor might anticipate from holding an investment (capital gains plus dividends and cash flows). Ratio analysis is a tool used by fundamental analysts to estimate a company's earning potential for investors.
Total future values of your contracts less your compensation, the payroll of the company, and other fixed costs. Your projected future business income is represented by the resulting number.
Let's start with the definition of your earning potential (income potential): this is the sum of money you should be able to accumulate over the course of a certain period of time. In other words, this is a reference to your potential for financial gain. Earning potentials are often determined by the highest wage in a given industry or profession.
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Nonmarket stakeholders include which of these groups? (Check all that apply.)
Business groups
Creditors
Retailers
Communities
Answers
The Non-market stakeholders include Business groups and Communities come in the group of non-market.
The Non-market are the type of market or we can say the way of buying and selling the shares or products within the company. The products or services which are not selling or buying in the market place, it can be buy directly from the company.
The business groups are those groups who buys the stock from the another company not in the stock market or buy franchise in bulk. The purpose of non-market is to buy in bundle and get discounts as compared to the market price or current price.
The communities which come in the non-market stakeholder. The communities refers to the group of individual which agreed to buy the same things on the bundle of shares.
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1. which of the following questions would be studied primarily by macroeconomists?
Answers
Macroeconomists primarily study questions related to the overall economy and aggregate variables. Therefore, the question that would be studied primarily by macroeconomists is:
"What is the impact of government fiscal policy on national unemployment rates?"
Macroeconomics focuses on analyzing broad economic indicators such as national income, employment levels, inflation rates, and government policies that affect the overall performance of the economy. This question specifically addresses the relationship between government fiscal policy (a macroeconomic tool) and national unemployment rates, which falls within the purview of macroeconomic analysis.
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Colorado Corporation was organized at the beginning of the year, with the investment of $250,000 in cash by its stockholders. The company immediately purchased an office building for $300,000, paying $210,000 in cash and signing a three-year promissory note for the balance. Colorado signed a five-year, $60,000 promissory note at a local bank during the year and received cash in the same amount. During its first year, Colorado collected $93,970 from its customers. It paid $65,600 for inventory, $20,400 in salaries and wages, and another $3,100 in taxes. Colorado paid $5,600 in cash dividends.
Required:
1. Prepare a statement of cash flows for the year.
2. What does this statement tell you that an income statement does not?
Answers
Based on the given figures for Colorado Corporation, the statement of cash flows for the year would be:
Cash flow for Operating Activities
Cash from customers 93,970
Less:
Cash for inventory 65,600
Salaries and Wages 20,400
Taxes 3,100 ( 89,100)
Net Cash from Operating Activities 4,870
Cash flow from Investing Activities
Purchase of office building (210,000)
Net cash used for Investing Activities (210,000)
Cash flow from Financing Activities
Issuance of Common stock 250,000
Note Payable 60,000
Dividend payment (5,600)
Net cash from Financing Activities 304,400
Net increase in cash 99,270
Opening cash balance 0
Closing cash balance 99,270
What does the statement of cash flows show?It shows transactions that involve actual cash being spent or gained by the company.
This allows Colorado Corporation to know the actual amount of cash it has for operations.
An Income statement on the other hand, shows the transactions that a business gets involved in regardless of whether they involve actual cash or not. This means that it cannot show the actual amount of cash that a business has.
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what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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Benefits of forming a Limited Liability Company
Answers
Answer:
Separate legal identity : A limited liability company (LLC) is an entity that is separate and apart from its owners, with its own rights, responsibilities and liabilities. This means that an LLC can file a lawsuit (or be sued) in its own nameLimited liability : Because an LLC is a separate entity, the owners of the company have limited liability. This is one of the most important benefits to operating as a limited liability companyPerpetual existence : Unless the articles of organization specify differently, a limited liability company has perpetual existence. This means that the owners can change without triggering the dissolution of the company. A member’s death, retirement, or withdrawal from the company for any other reason does not mean that the company must cease to operate._________________________________________
Question: Hello: ) ✨Benefits of forming a Limited Liability Company?
Answer: It limits liability for managers and members.
Superior protection via the charging order.
Flexible management.
Flow-through taxation: profits are distributed to the members, who are taxed on profits at their personal tax level.
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Which pricing approach for a restaurant would have the greatest risk of adverse selection due to buyers having private information?.
Answers
Due to the buyers' sensitive personal information, the all-you-can-eat buffet in a restaurant with a set price would be the largest danger to the pricing strategy.
The right pricing strategy is essential if you want to stay competitive in markets where volume and price pressure are increasing. It guarantees that you receive the payment you are entitled to for the goods and services you provide as well as the revenues you need to invest in growth and transformation.
Four pricing strategies competitive pricing, cost-plus pricing, markup pricing, and demand pricing are often used by small business owners.
The good-better-best price structure, often known as a tiered pricing strategy, can be used by a business to increase sales. A company is successful when it offers three unique product or service packages.
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You have been asked to prepare cash flow projections for the Rishikesh Coal Mine with recoverable reserves of 395,000 tonnes of coal. The current price of coal of that quality is $98 per tonne. The estimated capital expenditure of $5,000,000 is to be invested in year 0. You estimate the annual coal production as follows:
Year 1 : 10,000 tonnes
Year 2: 39,700 tonnes
Year 3 and onwards: 57,550 tonnes (i.e. until the end of the mine life)
You also estimate the cost of materials at $12.57 per tonne of coal and the cost of energy at $4.86 per tonne of coal. Further, you calculate the manpower costs as follows:
Year 1 Year 2 Year 3 and onwards
Labour ($) 60,000 600,000 800,000
Administrative ($) 8,000 100,000 150,000
Answers
To prepare cash flow projections for the Rishikesh Coal Mine, you'll need to consider the following factors: recoverable reserves, coal price, capital expenditure, annual coal production, cost of materials, cost of energy, and manpower costs.
Year 0:
- Initial investment: -$5,000,000
Year 1:
- Coal revenue: 10,000 tonnes * $98/tonne = $980,000
- Material cost: 10,000 tonnes * $12.57/tonne = -$125,700
- Energy cost: 10,000 tonnes * $4.86/tonne = -$48,600
- Labour cost: -$60,000
- Administrative cost: -$8,000
- Total cash flow: $737,700
Year 2:
- Coal revenue: 39,700 tonnes * $98/tonne = $3,890,600
- Material cost: 39,700 tonnes * $12.57/tonne = -$498,939
- Energy cost: 39,700 tonnes * $4.86/tonne = -$193,062
- Labour cost: -$600,000
- Administrative cost: -$100,000
- Total cash flow: $2,498,599
Year 3 and onwards:
- Coal revenue: 57,550 tonnes * $98/tonne = $5,640,900
- Material cost: 57,550 tonnes * $12.57/tonne = -$723,574
- Energy cost: 57,550 tonnes * $4.86/tonne = -$279,703
- Labour cost: -$800,000
- Administrative cost: -$150,000
- Total cash flow: $3,687,623
These calculations provide the cash flow projections for each year of operation for the Rishikesh Coal Mine.
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This policy should be framed very cautiously as the unsound policy may bring the life of an enterprise to an end. Identify the policy discussed here and list any 3 facilitating functions of marketing.
Answers
Answer:
After closing the accounts of revenues and expenses to Net Income, revenues’ balance is zero
. True
. False
Bro please answer me... And i will try to help you
Which situation is an example of direct taxation?
O A. A government charges a bank a fee on its deposits, so banks raise
rates for customers.
B. The government charges a tax on imports, which companies pass
on in the prices they charge buyers,
C. Businesses must send a portion of their income each year to the
government
D. Stores charge sales tax on each purchase and send that money to
the government
Answers
When Businesses pay a portion of their income to the government in the form of taxes, such a situation is an example of direct taxes. Therefore, (C) is the correct option.
What is Direct Taxes?Direct taxes are paid by the citizens directly to the government without any other stakeholder in between. there are majorly two types of direct taxes, corporate Tax, and Income tax.
Businesses pay corporate tax on their income, which is a form of direct tax.
Therefore, (C) is the correct option.
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can someone help with my accounting paper?
Answers
sure.. where is it? can u show?
The company has a preponderance of our most popular items
Answers
When a company has a preponderance of our most popular items, it implies that the firm has more of that type of product/item than of any other.
What is preponderance?The word preponderance is said to be superiority in terms of weight, power, vitality, or strength.
It is said to be also when there is an excess of a product or an item in terms of number or quantity.
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WILL GIVE BRAINLEST ASAP!!!!!! Good afternoon can someone answer this please
Answers
True or false: Controlling involves developing goals and preparing various budgets to achieve those goals.
Answers
False, Planning involves developing goals and preparing various budgets to achieve those goals not controlling
Controlling involves determining if goals have been followed and taking corrective measures
Control is a management feature that helps you check for errors in order to take corrective action. This is done to minimize deviations from standards and ensure that the organization's set goals are achieved in the desired way.
The corporate governance management process is when managers define, measure, improve and manage cost management of their business operations. Control processes allow enterprises to manage changes in their supply chain, customer demand, and other variables that affect their lives.
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Describe where you are in life right now. What makes you most excited about where you are now? What questions do you have, and what are you worried about????
Answers
Answer:
I'm in my lowest point tbh my family is stressed, mom and dad don't care about me, can't help me with school, and we are pretty much broke
I am exited about having a bf this year
When am I going to find peace in my life and when will my parents care about me again?
I am worried I will have to live on my own soon and I'm not ready yet ;(
Explanation:
this is gonna be weird but thank you for asking this question
I feel a bit better already :)
A commercial building would be classified as a(n)
part.
piece of equipment.
installation.
supply.
Answers
Answer:
installation.
Explanation:
A commercial building would be classified as an installation.
Answer:
supply
Explanation:
because from there supply willl be done
The number of seats a table can have is usually expressed as the number and the word "top". You can have 17, 4-top tables, 28, 2-top tables, 15, 6-top tables and 5, 10-top tables. How many can your restaurant seat?
A) 244 seats
B) 264 seats
C) 288 seats
D) None of the above
Answers
Answer:
B) 264 seats
Explanation:
'Top' is the number of seats per table.
17 tables with 4 seats will have
17 x 4 = 68 people
28 2-top tables
28 x 2 =56 seats
15, 6-top tables
15 x 6 =90 seats
5, 10-top tables.
5x10 = 50 seats
Total number of people who can seat
= 68 + 56 +90 +50
=264 seats
Supply chain analysis of Coca-Cola in Vietnam. And draw lessons for other bottled water companies.
Answers
Answer:
Coca Cola follows very stringent supply chain. It is one of leading beverage brand around the world.
Explanation:
Supply chain analysis is a process of evaluating different stages of supply chain from procurement of raw material to final delivery of finished goods. There are three different strategies for supply chain management, Strategic, Tactical and Operational. Coca Cola follows strategic supply chain management. McDonald's is Coca cola's largest customer and these two global companies maintains symbiotic relationship.
all of the following are signs of chick-fil-a’s organizational values except its
Answers
Except than the store logo, all of the following are
symbols of Chick-fil-organizational ideals.Opportunity costs are the potential benefits that a person, investor, or company forgoes.
Opportunity costs are simple to ignore since they are by nature unseen.It depicts a company from the perspectives of both internal and external clients.Complements are used in conjunction with a product to increase its value. increasing the perceived value created for customers, allowing it to demand a greater price.
One of the biggest American fast-food restaurant businesses and the biggest that specialises in chicken sandwiches is Chick-fil-A. The business's main office is in College Park, Georgia.There are 2,873 Chick-fil-A locations worldwide, the bulk of which are in the US. The company has operations in Puerto Rico, the District of Columbia, and 49 other states. In addition to having restaurants.
complete question:
all of the following are signs of chick-fil-a’s organizational values except its. financial contributions company’s stated purpose.statements of principles.store logo.store hours.
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Subject: STRETEGIC MANAGEMENT
The two general approaches estimating a firm's
competitive advantages are measuring accounting and economic
performance. Discuss the advantages and disadvantages of such
Answers
The two general approaches for estimating a firm's competitive advantages are measuring accounting and economic performance. The accounting approach focuses on financial indicators such as profitability and return on investment, while the economic approach takes into account factors such as market share and competitive positioning. Both approaches have their advantages and disadvantages.
A] Accounting Approach:
Advantages:
Accounting measures are objective and easily quantifiable, providing a clear snapshot of a firm's financial performance.Financial indicators can be compared across different companies and industries, allowing for benchmarking and performance evaluation.Disadvantages:
Accounting measures may not capture the full extent of a firm's competitive advantages, as they are primarily based on historical data and do not consider future prospects.Accounting measures can be influenced by accounting policies and practices, making it challenging to compare performance across firms with different accounting methods.B] Economic Approach:
Advantages:
The economic approach considers market dynamics and competitive positioning, providing a more forward-looking perspective on a firm's competitive advantages.It takes into account factors such as market share, customer loyalty, and barriers to entry, which can be indicators of sustainable competitive advantages.Disadvantages:
Economic measures are often more subjective and difficult to quantify compared to accounting measures.Gathering relevant data for economic analysis can be complex and time-consuming, requiring extensive market research and analysis.In conclusion, while the accounting approach provides a quantitative assessment of a firm's financial performance, the economic approach offers a more comprehensive understanding of competitive advantages. Combining both approaches can provide a well-rounded assessment of a firm's competitive position and prospects.
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The complete question is:
The two general approaches estimating a firm's competitive advantages are measuring accounting and economic performance. Discuss the advantages and disadvantages of these two approaches.
Operations management is the management of:
Answers
designing and controlling the process of production and redesigning business operation in the production of goods and services.
Which product costing system would better account for a unique product?
A. Overhead costing system
B. Product costing system
C. Job costing system
D. Process costing system
Answers
For a unique product, the job costing system would be the best product costing system to use. (Option C).
What is Job Costing System?The job costing system is used to track the costs associated with the production of a specific job, typically a custom or unique product. This system allows for the tracking of all direct costs (e.g., materials and labor) and indirect costs (e.g., overhead) associated with a specific job. By doing so, the job costing system can provide accurate and detailed cost information for each unique product.
On the other hand, the overhead costing system, product costing system, and process costing system are more commonly used for standard or mass-produced products, where the cost of each unit is generally the same. While these systems can provide useful cost information, they may not be able to capture the unique costs associated with a one-of-a-kind product.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Which expense is a variable cost?
A) hourly wages for a production employee
B) insurance payment
C) monthly rent on a store
D) purchase of a new copy machine
Answers
Hourly wages for a production employee. Variable costs are costs that fluctuate with the level of production or sales and can include expenses such as raw materials, packaging, and wages for production employees.
What is Variable costs?Variable costs are costs that change in relation to the amount of goods or services produced. These costs are typically directly related to production and can include the cost of materials, labor, and other related expenses. Variable costs differ from fixed costs, which remain constant regardless of production levels. Variable costs are important to consider when setting a price for a product, as they should be taken into consideration to ensure that the product is profitable. By understanding variable costs, businesses can adjust production levels to ensure that they remain profitable.
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Answer:
A- Hourly wages for a production employee
Explanation:
Correct anser on my test. Hope this was helpful
What are checks?
I put:
Checks are a small piece of paper that is used to be paid money from another person's account, with their consent of course.
and got 100%
Answers
Answer:
A cheque, or check, is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account where their money is held.
Answer:
Checks are a small piece of paper that is used to be paid money from another person's account, with their consent of course.
Explanation:
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