To sell a product effectively, it is important to consider both price strategy and value-added strategy. Price strategy involves setting the price of the product in a way that appeals to customers. This can be achieved through competitive pricing, discounts, or promotional offers.
The goal is to position the product as a cost-effective choice in the market, attracting price-conscious customers. For example, offering a limited-time discount on a product or setting a lower price than competitors can entice customers to make a purchase.
On the other hand, value-added strategy focuses on enhancing the perceived value of the product by providing additional benefits or features. This can include offering customization options, superior customer service, extended warranties, or complementary services. By adding value to the product, customers are more likely to choose it over competitors' offerings. For instance, a smartphone manufacturer may provide free software upgrades, exclusive content, or a comprehensive after-sales support system.
Ultimately, the choice between price strategy and value-added strategy depends on factors such as target market, competition, and the unique selling points of the product. It is often effective to find a balance between offering a competitive price and delivering added value to attract and retain customers.
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what should be done to preserve the traditional knowledge, skill and technology? write any four measures
Answer:
We should utilized them property.
If we want to preserve traditional knowledge ,skill we have to promise to ourselves that we have to not to forget our tradition skill knowledge
They give our cultural identity.
They help in presentation of art.
In order to preserve our traditional knowledge, skill, and technology, we need to;
1. Incorporate them into our museums.
2. Set days aside for their remembrance.
3. Teach them to our children and younger generation.
4. Use them in our daily lives.
Our traditional knowledge, skill, and technology are things that identify us. Therefore, we must preserve them if we do not want to lose parts of ourselves. Museums are places where sacred things and valued aspects of our culture can be kept for preservation and monetization purposes. Special days in the year can also be marked for the celebration of these technologies and skills.
It is also vital that the younger generation are taught these skills and technologies so that they do not die with the older generation. Finally, we should proudly use these skills in our daily lives so that they become entrenched in our lives.
Conclusively, Museums, special days, teaching, and proudly using our skills, knowledge, and technology are effective ways to preserve them.
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when treasury stock is sold for less than its cost, the entry should include a debit to:_________
When treasury stock is sold for less than its cost, the entry should include a debit to retained earnings.
Treasury stock is a shareholders' equity counter asset that lowers total equity and is displayed on the balance indicated in the equity area. Treasury shares can be accounted for using either the cost approach or the par value technique.
When reserve stock is traded for less than its cost, residual earnings should be decreased by a debit. The process through which a company buys back some of the equity that was previously sold to investors is known as repurchasing treasury stock. If they sell this stock for less than what they purchased for it, it diminishes stockholder wealth.
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Impact of consumer protection act on the marketing function
The impact of the consumer protection act on the marketing function is that Under this act, people are veritably happy because this act tells the people the right rate of the particulars, and all effects which help consumers to cover them from high request prices, fake prices of particulars, etc.
The Consumer Protection Act 68 of 2008( “ CPA ”) has introduced significant restrictions on the way suppliers are permitted to request goods and services from consumers. The CPA is designed to cover consumers before they enter into a sale and indeed if they don't eventually distribute with the supplier.
It helps people to get their rights, on the other hand, it's a big problem for the dealer because they don't get important profit due to the action of this act. It helps consumers veritably much in marketing work.
Consumer Protection Act provides Consumer Rights to help consumers from fraud or specified illegal practices. These rights insure that consumers can make better choices in the business and get help with complaints.
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The law of demand relates primarily to which of the following?
A
the actions of producers in response to changes in prices
B
the actions of producers in response to changes in production costs
C
the actions of consumers in response to changes in prices
D
the actions of consumers in response to changes in production costs
The law of demand relates primarily to the actions of consumers in response to changes in prices. Thus option (C) is correct.
What is demand?A demand of a product or a commodity is how much a consumer is willing and able to pay for a product at a given time.
The law of demand states the relationship between price and quantity demanded, ceterus paribus. It states that when the price of a product increases its demand decreases, other things remaining constant and vice versa.
The graphical representation of the law of demand is known as demand curve . When the tuition fees of a college falls then the demand for college enrollment will rise.
The law of demand relates primarily to the actions of consumers in response to changes in prices. Therefore, option (C) is correct.
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At the time of the stock market crash, the government did not insure bank deposits, so.
At the time of the stock market crash, the government did not insure bank deposits, so customers lost their savings if a bank collapsed.
Banks had put their savings in the stock market, which caused the stock market crisis to undermine the country's banks. The stock market crisis had an impact on everyone, even though a small portion of Americans had made investments. Banks suffered millions of dollars in losses, which led them to foreclose on personal and company loans. This put pressure on borrowers to repay their debts whether or not they had the money on hand.
The RFC was given money by the Emergency Assistance and Construction Act of 1932, which also contained extra funding for regional, state, and federal public works initiatives, to lend to the states as a means of relief.
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Which of the following, happening simultaneously, reduces the severity of the crowding-out effect whenever government spending increases? The Fed increasing the required reserve ratio. The Fed selling government securities to the public. The government decreasing taxes. O An expansionary fiscal policy. The Fed buying up government securities from the public,
The government decreasing taxes reduces the severity of the crowding-out effect whenever government spending increases.
The crowding-out effect occurs when increased government spending leads to higher interest rates, which reduces private investment and consumption. However, if the government decreases taxes at the same time, it can stimulate private consumption and investment, offsetting the negative impact of higher interest rates. The other options listed - the Fed increasing the required reserve ratio, the Fed selling government securities to the public, and an expansionary fiscal policy - can all contribute to the crowding-out effect by reducing the money supply and increasing interest rates. The Fed buying up government securities from the public may have a neutral effect on the crowding-out effect, as it would increase the money supply and potentially lower interest rates, but this would depend on the overall impact on the economy. Overall, the most effective way to reduce the crowding-out effect when government spending increases is for the government to also decrease taxes to stimulate private consumption and investment.
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A investment banking firm found that an analytical skills selection test it had been using to hire financial associates actually helped the firm to obtain more major clients and to increase the revenue and profitability of the firm. This is an example of selection test that possesses: reliability generalizability utility content validity legality
This is an example of selection test that possesses are Reliability, utility, content validity, and legality.
What is the Reliability?Reliability is the ability of a product, system, or service to consistently perform according to its specifications. It is the probability that an item will perform its intended function for a specified period of time under stated conditions. Reliability is an important factor in many aspects of life, from engineering and technology, to finance and health care. Reliability is measured in terms of how often something works correctly over a certain period of time. It can be assessed through testing, surveys, and other forms of analysis.
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Your company has sent you an email telling you your department must increase the daily output goal of 120 widgets per hour, to 126 widgets per hour. Everyone on your team recognizes more efficient production will lead to more profit for the company, and a higher chance for a raise for each of them. As usual, you will hold a brief meeting explaining the new directive and provide the deadline as to when this new daily production goal must be met with regularity. The meeting ends after a couple of clarifying questions and answers, and you and your employees get back to work on meeting the deadline for the new goal. What management theory best describes the management style of this company? What leadership style will you employ to get the required increase in production of widgets your company requested? Why is this leadership style the best fit for this scenario?
Answer:
Participative Leadership style.
Explanation:
Participative leadership, also known as democratic leadership, is one in which the leader has the central focus of employee engagement and participation in important company decisions. In this style of leadership, the manager has a crucial role of being the main motivator and advisor of the team, being solicitous to guide, coordinate and assist his subordinates in all their work demands, so that the goals and organizational goals are achieved.
This style of participatory leadership would be more appropriate for this scenario as there are deadlines for completing tasks, which requires a motivated and productive team, which is essential in participatory leadership.
The motivation of employees is achieved due to clear and guiding communication from the leader, which creates the perception of inclusion and appreciation of the employee, who feels an essential and important part of the organization.
how can we use the list of preference while making decisions
Answer:
you Nepal ?
Explanation:
hey what you asking
Explain what does it mean to have external costs and the problem it creates. Using an example explain when might having extemal costs not be considered a problem. Explain how this problem of external costs can be soved through direct regulation. What are the drawbacks of this solution? Explain how it can be solved through effluent fees (Pigovian taxes)? What are the two advantage of this method and the two disadvantages? Explain why a pecuniary externality is usually not a problem but is when it leads to rent seeking. Make sure you explain pecuniary externality and rent seeking in this context. Chapter 4 questions. Explain Coase theorem by explain each of the three steps of the argument: why nothing works, why everything works and why it all depends? When transactions costs are high what rule should the court use to get to the efficient solution. Explain how this rule is applied to the "coming to nuisance" argument that protects one party from liabilities. This joumal has no entries.
External costs are costs imposed upon a third party when goods and services are produced and consumed. The problems that are created due to external costs include decreased efficiency and overconsumption of goods and services.
To elaborate, when a good or service is produced, it imposes costs upon others that are not considered while pricing the good or service. An example of external costs can be pollution that is caused by a factory, which causes people who live around the factory to develop respiratory problems. The external costs are not considered when pricing the products produced by the factory. Having external costs might not be a problem in situations where there is no third party who is being affected. An example of this can be a person planting a garden in their backyard which doesn't have any external costs associated with it.
The problem of external costs can be solved through direct regulation by imposing rules and regulations that will reduce the costs to third parties. The drawbacks of this solution include the costs of monitoring and enforcing regulations. Effluent fees, also known as Pigovian taxes, can solve the problem of external costs by increasing the price of goods and services that impose costs on third parties. The advantages of this method include the promotion of efficiency and reduced pollution.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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A local government implemented a tax of $2 for each Uber pickup at the airport.
As a result, consumers pay $2 more for an Uber from the airport. What do we know about the Uber market? answer in relation with microeconomics concepts
Answer:
The implementation of the $2 tax for each Uber pickup at the airport leads to an increase in the price of the service, which results in a decrease in the demand for Uber at the airport. This is an example of how government policies, specifically taxes, can affect market outcomes in microeconomics. In this case, the tax creates a negative externality for Uber users who are forced to pay more for the same service, resulting in a decrease in the quantity demanded of the service.
hope this helps...
Question #8
Multiple Choice
What makes outsourcing possible?
O people
O executives
O the economy
O networking
Answer:
The economy....Explanation:
........... ............. ........... ............... ............... ...
Discuss the social views that influence our relationship
Answer:
relationships with others influence how we communicate with them by many different factors. The relationship between people influence the way we interact with them. Giving hugs is generally for people you are close to, although you may shake someone's hand if you are not as close to them
Answer:
well what kind of relationship?
Explanation:
in the context of a portfolio of two securities, the opportunity set blank . multiple choice question. shows the range of risk-return combinations, based on various weights for the two securities shows the range of potential future prices for the two securities outlines the possible strategies for making money with the two securities shows the combination of weights that will totally eliminate risk
In the context of a portfolio of two securities, the opportunity set refers to the range of risk-return combinations that can be achieved by varying the weights of the two securities in the portfolio.
This means that the opportunity set shows the potential outcomes of investing in different proportions of the two securities, ranging from the most conservative and low-risk to the most aggressive and high-risk.The opportunity set is important for investors because it allows them to see the different risk-return trade-offs that are possible when constructing a portfolio. By examining the opportunity set, investors can determine the optimal combination of securities that will help them achieve their investment objectives while minimizing risk.It is worth noting that the opportunity set is not a fixed or static concept, but rather a dynamic one that can change over time. This is because the risk and return characteristics of the two securities in the portfolio can change over time, as can the correlation between them.
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“The needs of a society conflict with the goals of the financial services industry’s desire to make a profit.” Do you agree or disagree?
Answer:
I do not agree that "the needs of a society conflict with the goals of the financial services industry's desire to make a profit", but on the contrary, I consider that the economic objectives of the financial system contribute to the well-being of the individuals that make up society, with which they satisfy the needs of this in an indirect way.
I believe this because the financial system, through its will to profit, creates jobs and economic opportunities for individuals, who would otherwise be forced to meet their needs without the help of a system designed to profit as a result of work done (such as communism).
The rule of law is important because it _______. In regard to governments, the rule of law _______.
BLANK 1:
protects citizens from crime and justice
helps reduce the number of Supreme Court cases
ensures that an innocent person is not accused of a crime
BLANK 2:
applies to them in only certain cases
applys to them equally
does not apply to them
13. The directors of a firm have to discuss the following topics. Which topic is least likely to be directly affected by
the government's influence on the firm?
A) health and safety laws
B) the interest it pays on borrowed money
C) the minimum wage it must pay its workers
D) the replacement of the director of finance
Answer:
D) the replacement of the director of finance
Explanation:
The replacement of the director of finance is an internal affair on the company. It is not subject to any government regulations, unlike the other options. In choosing the director of finance, the company directors will select the best candidate for the job according to their judgment. In deciding who will the next director of finance, the directors don't need to consult any other person or regulations.
A) Health and safety laws, interest on loans, and the minimum wages are subject to regulation by government agencies such as OSHA for health and safety and the Federal Reserve for interest rates.
Perform online research and find a house you would like to own. Calculate the cost of utilities, services, maintenance, and insurance to buy the home.
(Answers may vary.)
I found an apartment in Chicago that I would like to rent. The monthly rent is $900, but there are other fees for me to consider as a renter. Utilities (electric, water, cable, internet access, etc.) cost $300 a month. Building services, including parking and access to the gym, cost $50 a month. Maintenance fees for the building are $25 a month. Renter’s insurance is $12. The cost of living independently in this Chicago apartment is $1,287 a month.
Explanation: edmentum sample answer
On the following graph, plot Alex's demand for shoes using the green points (triangle symbol). Next, plot Becky's demand for shoes using the purple points (diamond symbol). Finally, plot the market demand for shoes using the biue points (circle symbol). Note: Une segments will automaticaliy connect the points. Remember to plot from left to right.
The Individual demand for Alex and that of Becky plotted against the market demand is attached accordingly.
What is the analysis of the three demand curves?The three demand curves indicate that the quantity -price relationship in all three cases are identical.
However, they also show that the the market demand for every point on the price - quantity point falls below that of Becky while standing above that of Alex.
To summarize, note that comparing the market demand curve to the individual demand curve helps understand the aggregate demand and consumer behavior, which is useful for pricing strategies and market analysis.
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Full Question:
See attached image.
There are two basic areas of science:
and applied science.
A.mental
B.information
C.pure
Answer:
Basic science, such as understanding how cells work, is research aimed at understanding fundamental problems.
Applied science, such as the medical field, is the application of basic scientific knowledge to solve practical problems.
Applied science uses and applies information obtained through basic science.
Explanation:
So, option B is the correct
Information ℹ️
Which of the following is typically NOT led by a company's Human Resource department?
Answer: they dont file complaints
Explanation:
People often complain about price gouging after a natural disaster. Suppose the government imposed limitations on price increases in the aftermath of a disaster. One would expect.
People usually complain about price gouging after a natural disaster. If the government implements some limitations on prices one would expect reconstruction to take longer because the quantity supplied of new materials would increase more slowly.
Price gouging is the practice of businesses charging inflated prices for needs in response to sudden increases in demand, frequently following a natural catastrophe or another state of emergency.
Natural disasters, also known as natural hazards, are severe, unexpected occurrences that are brought on by environmental elements such as storms, floods, droughts, fires, and heat waves. Natural catastrophes are occurring more frequently, with a wider reach, and with more consequences.
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During which stage of the product life cycle might an organization add new features, attempt to attract new users, and/or price their products to try to maintain market share?
During the growth stage of the product life cycle, an organization might add new features, attempt to attract new users, and price their products to try to maintain market share.
The growth stage is the period in a product's life cycle when it starts to gain popularity in the market. At this stage, more buyers accept the product as one of their top choices and it develops a loyal customer base. As a result, demand for the product increases, improving sales and revenue numbers.
Major retailers and wholesalers may start to contact the company for its products because of the growing demand. The growth phase has particular features that require different financing, marketing, and management approach.
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Mandatory government spending includes which of the following?
a. Infrastructure and science
b. Social Security and Medicare
c. Healthcare and military
d. Education and agriculture
Social Security and Medicare is the Mandatory government spending. Hence, option B is correct.
What does government spending include?The federal government spends money on many different things, including Social Security and Medicare as well as military hardware, upkeep of the country's roadways, construction development, research, and education. These expenses can be divided into two groups: necessary and discretionary.
Examples of obligatory spending include contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt. Nearly two thirds of all federal spending is accounted for through mandatory spending.
Thus, option B is correct.
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Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .
Answer: Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do, e.g insure them, pension
Explanation:
Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do as as follows;
I) The government can grant them soft loans
ii) The government can consider making it easier for them to easily open SME's
iii) The government can consider making provision for them as regards pensions
iv) The government can insure them
Select ALL the correct answers.
Which two of the following are factors of production?
a home mortgage loan
stock in a construction company
a newly built house
carpentry skills
planks of hardwood
Answer:
stock in a construction company
planks of hardwood
Uinn signs a check "pay to the order of Ronda" drawn on Quinnâs account in Suburban Bank. Quinn has $400 in his account but the amount of the check is $500, which the bank pays. This is
a, a stale check
b, a dishonored check
c, an overdraft
d, a postdated check
This is an overdraft. An overdraft is a cheque that is paid by a bank when the checking account on which it is written does not have enough money to cover it.
What is meant by overdraft check?When you don't have enough funds in your account to cover a transaction but the bank nonetheless honors it, you have an overdraft. There could be a "overdraft" fee assessed if it pays even though you don't have the funds in your account. You may be assessed a "bounced-check" or "nonsufficient funds" fee if your bank returns your check without clearing it. When a transaction brings your account balance below zero and you are unable to cover the transaction with available money, overdraft fees apply. No matter how much money is transacted, your bank or credit union will normally impose a fee that is a fixed sum. Deposits into your account are used to cover the overdraft, such as when your salary is received.To learn more about overdraft check refer to:
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Guardino Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000 respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70,000 respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000 and work in process at the end of the period totaled $60,000.
The journal entry to record the flow of costs into Department 2 during the period for direct labor is:_______
Answer:
Department 2
Work In Process $60,000 (debit)
Salaries and Wages Payable / Cash $60,000 (credit)
Explanation:
Manufacturing Costs are accumulated in the Work In Process Account during Manufacture.
Recognize the Manufacturing Expense and also recognize a liability if the Salaries are still owing or Cash if the Labor costs have been paid up.
Underlying stock price is $60. In a year, the stock price can rise or fall by 15%. The interest rate
is 6%. A call option expires in a year and X=$55. Calculate delta: (consist of a short position in 1
calls and a long position in _____ shares of the stock)
To create a delta-neutral position, a short position in 1 call option would require a long position in approximately 0.78 shares of the underlying stock.
To calculate the delta of a call option, we need to determine the number of shares of the underlying stock required to replicate the option's price movement. Delta measures the sensitivity of the option's price to changes in the stock price.
Given that the stock price can rise or fall by 15% in a year, we can calculate the potential stock prices at the end of the year.
If the stock price rises by 15%, it will be $60 * (1 + 0.15) = $69.
If the stock price falls by 15%, it will be $60 * (1 - 0.15) = $51.
Next, we can calculate the call option's value at these potential stock prices. If the stock price is $69, the call option will be worth $69 - $55 = $14. If the stock price is $51, the call option will expire worthless as it is out-of-the-money.
Now, we can calculate the delta by dividing the change in the option's value by the change in the stock price. In this case, the change in the option's value is $14 - $0 = $14, and the change in the stock price is $69 - $51 = $18.
Therefore, the delta is $14 / $18 ≈ 0.78.
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