Business, 24.04.2020 23:10 SavannahP04
Crystal Soaps wants your help in setting an initial price for its products to ensure a dramatic launch. Your client is convinced that this new product is truly different from anything else on the market, and she tells you that she doesn’t see any competitors on the horizon for the foreseeable future. Based on this information, which of the following should you recommend to your client to capitalize on the situation?
a. Pursue a price skimming strategy.
b. Use a penetration pricing strategy to establish the product in the market.
c. Bundle the product with a free wicker basket and a scented candle.
d. Use price discounts to stimulate sales.
Answers: 2
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Business, 22.06.2019 12:00
Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
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Business, 22.06.2019 12:50
Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options
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Crystal Soaps wants your help in setting an initial price for its products to ensure a dramatic laun...
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