a company chooses to price its products by value-based pricing. in order for this type of pricing to be most effective, what additional tactics should be included with the price?

Answers

Answer 1

The additional tactics to be included is use of value-based price in conjunction with all elements of the marketing mix communicating value to the customer

Basically, a value-based pricing is a prices fixing strategy based on consumers perceived value of the product in the market

This type of pricing strategy maintains a certain price level to prevent customers from looking out for competitors product.

Hence, the additional tactics to be included is elements of the marketing mix communicating value to the customer

In conclusion, the Option B is correct.

The missing option includes "a.) employ a general market approach to pricing which considers what the market as a whole sees as valuable in a product or service b.) use a value-based price in conjunction with all elements of the marketing mix communicating value to the customer c.) offer a middle price point with the established price and tout the singularity of the product’s value"

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Related Questions

A developer buys a large tract of land and plans to develop several single family homes. To proceed, ______________ is needed.

Answers

Economic feasibility

A firm estimates its average total cost at 90 units of output to be $15. If the firm can sell all of its output at a market price of $5, what is its total profit

Answers

Answer:

435

Explanation:

5(90)=450-15=435

The cvs extra care card is an example of a ________, which is specifically designed to retain customers by offering premiums or other incentives to customers who make multiple purchases over time.

Answers

Based on business strategy, the cvs extra care card is an example of a loyalty program which is specifically designed to retain customers by offering premiums or other incentives to customers who make multiple purchases over time.

A loyalty program is a common strategy in business. The seller or producer creates to motivate customers to shop or return to purchase their goods or services.

Loyalty programs often include discounts on the current price or getting the point to make a purchase.

Hence, in this case, it is concluded that the correct answer is "Loyalty program."

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net cash flows provided by operating activities will be ______ when using the direct method compared to the indirect method.

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According to cash flow operation analysis, the net cash flows provided by operating activities will be the same when using the direct method compared to the indirect method.

Net Cash flows are used in business management to describe the profit or loss of capital in a given period.

Typically, a positive Net Cash Flows occurs when the is a surplus of cash after paying the expenses.

Hence, in this case, it is concluded that the correct answer is "the same."

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Cash flows from operating activities often shows the net amount of cash that was received or disbursed during a given period of time. Net cash flows provided by operating activities will be the same as when using the direct method compared to the indirect method.

The direct method is often use in  calculating the flow that involves deducting from cash sales.

Cash flow statements is simply defined as the statement that shows the cash receipts, cash payments and net changes in cash that takes place as a result of operating, investing, and financing activities in an accounting period.

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In 2020, Erin (38) contributed $2,000 to a traditional IRA. She will use the single filing status, and her modified adjusted gross income (MAGI) is $31,000, all from wages. Erin has never taken a distribution from any retirement account. She is potentially eligible for a retirement savings contributions credit (Saver's Credit) of up to:

Answers

Based on the information given she is potentially eligible for a retirement savings contributions credit (Saver's Credit) of up to: $200.

The minimum threshold for single filing status is $31,500 threshold but based on the information given we were told that Erin modified adjusted gross income (MAGI) is $31,000 which is lower than $31,500.

Based on this Erin credit rate is 10% of the amount she contributed to the traditional IRA, which mean that she is eligible for a Saver's Credit of up to $200 calculated as:

Saver's Credit=$2,000×10%

Saver's Credit =$200

Inconclusion she is potentially eligible for a retirement savings contributions credit (Saver's Credit) of up to: $200.

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what is the primary driver of the left hand of the yield curve

Answers

Answer:

Central bank interest rates.

Explanation:

Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,500 of its accounts receivable from Leer Company. March 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt.

Required:
Prepare journal entries to record the above transactions.

Answers

Answer:

Check pic* it’s not an answer but it is a reference

Explanation:


If you have to decide to claim a credit or deduction on
your taxes which should you take?

Answers

Answer:

Form 1040

Explanation:

To claim a credit or deduction on my tax, i will fill Form 1040.

What is Tax credits and deductions?

Tax credits and deductions can  alter the amount of tax that someone is owing so one can pay less.

The Deductions can reduce the amount of one's income however, to claim it , one needs to fill form 1040 which is used to file an annual income tax return.

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A _____ resource contains one or more identical units, each of which can be requested and used by a process on a non-shared basis.

Answers

Answer: Reusable resource

a project has an initial cost of $52,700 and a market value of $61,800. what is the difference between these two values called?

Answers

The difference between the initial cost and the market value is called Net present value.

Net present value refers to the value of the all future cash flows of an asset which are discounted to the present.

In other word, net present value is the difference between PV of cash inflows and PV of cash outflows.

Therefore, in conclusion, the difference between the initial cost and the market value is called Net present value.

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The difference between the initial cost and the market value is called Net present value.

The information regarding the net present value is as follows:

The net present value shows the difference between the initial investment and the present value of cash inflows. Since the initial cost is $52,700 and the market value is $61,800 so the difference is the net present value.

Therefore we can conclude that the difference between the initial cost and the market value is called Net present value.

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what are herbal plants

Answers

Answer:

Medicinal plants, also called medicinal herbs, have been discovered and used in traditional medicine practices since prehistoric times. Plants synthesise hundreds of chemical compounds for functions including defence against insects, fungi, diseases, and herbivorous mammals.

Marijuana is one lol

does anybody know this \
Mark the statement that is NOT true.

The president is also known as the chief executive.
The executive department is divided into 15 divisions.
The executive branch mainly enforces federal laws.
The president is also known as the chief of state.
The "Beltway mentality" is a desired goal of every presidential administration.

Answers

Answer:

False

the first one, option A

Beltway mentality NOT true.

david maslanka’s symphony no. 4 encompasses what hymn?

Answers

Based on musical analysis, David Maslanka's symphony no. 4 encompasses the hymn known as "Old Hundred."

David Maslanka's symphony no. 4 is considered to gather inspiration from the typical western Montana landscape.

It is similar to Maslanka's perception of a "voice of the Earth."

Another hymn encompasses in David Maslanka's symphony no. 4 is The Bach chorales: Only Trust in God to Guide You and Christ Who Makes Us Holy.

Hence, in this case, it is concluded that the correct answer is the Old Hundred hymn.

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Simone is writing a cover letter to Casey Jones, and is unsure of the employer's gender. How should she address her letter? a. Dear Casey Jones: b. To Whom It May Concern: c. Dear Hiring Manager: d. Dear Mr. /Ms. Jones: Please select the best answer from the choices provided A B C D.

Answers

Answer:

a. Dear Casey Jones

Explanation:

The most polite one

Answer:

I believe it is "Dear hiring manager"

Explanation:

the lessons said so

Assume that skilled labor costs twice as much as unskilled labor, a profit-maximizing firm will a. always hire more skilled labor because it is more productive. b. always hire more unskilled labor because it is cheaper. c. hire until it equalizes the two marginal products. d. hire until the marginal product of unskilled labor is one-half that of skilled labor.

Answers

If the relationship described above between skilled labor and unskilled labor is true, then the company will c. hire until it equalizes the two marginal products.

Marginal product:

Is extra amount of production gained when an additional unit is added Reduces after a certain amount of the resource is added

Because the marginal product of skilled and unskilled labor will eventually decrease, the company would hire such that both their marginal products are equal because at this point, they both contribute the same to the company.

In conclusion, option c is correct.

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On January 1, 2022, Discipline Company, a calendar-year company, issued $800,000 of notes payable, of which $200,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2022, is

Answers

The proper balance sheet presentation on December 31, 2022, is: Current liabilities, $200,000; Long-term Debt, $600,000.

Based on the information the proper balance sheet presentation on December 31, 2022, will be current liabilities of the amount of $200,000 which is the amount  due on January 1 .

While the Long-term Debt will be$600,000 calculated as:

Long-term Debt=Notes payable- Due amount

Long-term Debt=$800,000-$200,000

Long-term Debt=$600,000

Inconclusion the proper balance sheet presentation on December 31, 2022, is: Current liabilities, $200,000; Long-term Debt, $600,000.

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Explain how a car dealer could create added value to the goods they buy in?

Answers

Answer:

Explanation:

Car dealer:

Attractive show rooms, has a knowledgeable and well dressed car dealer assistants for helping customers, should have top-quality cars that are easily recognized by the customers.

Hope this helps!

When Grand Metropolitan, a British company, purchased U.S.-based Pillsbury Co. in order to expand its product line and the market for its existing consumer products, it was an example of a(n):

Answers

Companies do invest in foreign firms for profits. It was an example of a Foreign direct investments.

Foreign direct investments (FDI) are commonly referred to as substantial investments that company do engage into a foreign way.

It is known to be a stage of cross-border investment where investor resident in one economy set up a long interest in and a good extent of influence over an enterprise resident in another economy.

It often help the economic problems of developing countries and also boast forward internal policy reforms.

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explain one opportunity cost in relation to consumers and producers and government (6)​

Answers

Opportunity cost is the cost of missing out on the next best alternative. In other words, opportunity cost represents the benefits that could have been gained by taking a different decision.

All businesses have to make choices - and those choices have implications.

In business, resources are usually scarce or limited. Decision are made under circumstances of uncertainty and taking one course of action or decision may affect business ability to take an alternative action.

Opportunity cost measures the cost of a choice made in terms of the next best alternative foregone or sacrificed.

Examples of Opportunity Cost in the Business & Economic Environment

Work-leisure choices

The opportunity cost of deciding not to work an extra ten hours a week is the lost wages given up.

Government spending priorities

The opportunity cost of the government spending an extra £10 billion on investment in National Health Service might be that £10 billion less is available for spending on education or defence equipment.

Investing today for consumption tomorrow

The opportunity cost of an economy investing resources in new capital goods is the production of consumer goods given up for today.

Use of scarce farming land

The opportunity cost of using farmland to grow wheat for bio-fuel means that there is less wheat available for food production, causing food prices to rise

Trade-offs

A trade-off arises where having more of one thing potentially results in having less of another. The table below lists some examples of how trade-offs often arise in business - as a result of resource scarcity.

returnable packaging, use of 3d printing, and flexible packaging are examples of:

Answers

Returnable packaging, use of 3d printing, and flexible packaging are examples of sustainable packaging.

Sustainable packaging simply means the sourcing, development, and use of package solutions which possess minimal environmental footprint and impact.

It should be noted that sustainable packaging is earth-friendly and doesn't lead to the depletion of natural resources. Some examples of sustainable packaging include returnable packaging, the use of 3d printing, and flexible packaging.

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Leadership ability is important to managers because

a-business will not hire a manager without leadership skills

b-leadership helps managers satisfy employees needs while also meeting the goals of the business

c- managers must get work done whether or not employees want to do it

Answers

It seems like B. Leadership helps managers satisfy employees needs while also meeting the goals of the business

Complete the statement below with the correct term.
Digital ____ refers to a set of standards for polite behavior when interacting with people online.

Answers

Answer:

a0

Explanation:

a0 allows for a user to find, search, and to evaluate information that is related to any digital resources

Hope this Helps

what steps are involved in the strategy formulation process?

Answers

Answer: Aspects of Strategy Formulation.

Define the organization and its environment.

Define the strategic mission.

Define and set the strategic objectives.

Define the competitive strategy.

Implementation of strategies.

Evaluate progress and effectiveness.

Explanation:

Which of these is NOT human capital?
a. scientist
b.engineer
c.hotel maid
d.teacher

Answers

Answer:

The answer to the question is C.

Deciding how to invest retirement savings can be a time-consuming task. However, there are investments that simplify this task. These investments are called:

Answers

Based on investment analysis, the investments that simplify retirement savings are called target-date funds.

This is because target-date funds are an investment strategy that targets asset allocations' expected investment return funds.

Target date funds investment is usually long term designed to target the period the investors plan to be getting the return on the investment.

Hence, in this case, it is concluded that the correct answer is "Target-date funds."

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according to current growth charts, an infant can be expected to ______ his or her birth weight by 1 year of age.

Answers

Infants can be expected to triple their birth weight by 1 year

According to current growth charts, an infant can be expected to triple his or her birth weight by 1 year of age.

What is growth?

The term "growth" describes an increase in the size and mass of an organ or a body. Cell division and an increase in intracellular material are the usual mechanisms. Development is the maturing of an organism's physiological and functional systems.

The average baby will gain twice as much weight throughout the first six months of life. They will gain three times as much weight from birth to age one. The first three months of life will see a daily weight rise of roughly an ounce.

Think about the following general recommendations for newborn growth in the first year: A newborn may gain 5 to 7 ounces (about 140 to 200 grams) and grow 1/2 to 1 inch (around 1.5 to 2.5 cm) or more per week from birth until age 6 months. By roughly five months old, your baby should have gained twice as much weight as at birth.

Therefore, Thus, option (A) is correct.

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#SPJ5

A. triple.

B. double.

C. quadruple

An author can register his or her copyright application with the _____. International Trade Administration (ITA) International Trade Administration (ITA) US Copyright Office US Copyright Office US Patent and Trademark Office (USPTO) US Patent and Trademark Office (USPTO) Department of Commerce (DOC)

Answers

Answer:

United States copyright office

Explanation:

hope this helps!

Which of the following functions is most closely connected with the FDA? a. Regulating markets and preventing monopolies b. Enforcing truth in advertising c. Protecting the public from unsafe medicines and foods d. Using monetary policy to prevent inflation Please select the best answer from the choices provided A B C D.

Answers

Answer:

C

Explanation:

Answer:

✅ C. protecting the public from unsafe medicines and foods

________ distribution exists when a manufacturer gives an intermediary the sole right to sell a product in a defined geographic territory.

Answers

The kind of distribution whereby manufacturer permit an intermediary with  right to sell a product within a geographic territory is Exclusive distribution.

Exclusive distribution can be regarded as kind of distribution which involves a manufacturer or supplier chooses just one distributor to carry out within a definite region.

In this type of distribution,  a distributor becomes the sole authorized seller.

Therefore, Exclusive distribution is the correct term.

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A consumer or producer who does not pay for use of a nonexclusive good but expects others to pay is known as a: Group of answer choices free rider. price setter. fringe element. None of these

Answers

The consumer or producer who enjoys the use of a nonexclusive good but expects others to pay is called A. a free-rider.

A free-rider usually expects others to bear the responsibility for their enjoyment or use of a public good. When many people become free-riders, market failure occurs, which is known as the free-rider syndrome.

This syndrome makes it impossible for public goods to be provided. To minimize this free-rider problem, the government or the entity providing the free service or goods should ensure that users pay.

Thus, the consumer or producer who uses a nonexclusive good but expects others to pay is a free-rider.

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