What does the cost leadership strategy focus on? a) Competing on the basis of price b) Decreasing price c) Increasing volume d) All of the above
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69) What does the cost leadership strategy focus on?
- a) Competing on the basis of price
- b) Decreasing price
- c) Increasing volume
- d) All of the above
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- Briefly discuss the following Are Costco’s prices too low? Why or why not?a company is going to launch few health and hygiene related products in the market. However, a friction has evolved betweenmanager and management while finalizing the prices of those products. Management wants to adopt skimming pricing strategy while manager is in favor of penetration. Under such circumstances, how will manager justify his strategy? use hypothetical example(s).Q3) Pricing in practice are influenced by the following, except a. customer demand b. competitor's action c. predatory pricing d. discretionary pricing
- Briefly discuss the following. 1. Market Price 2. Price Value Policy 3. Price Execution Please answer question 1,2,3Pricing strategies are often carried out by companies in the industry to maintain their presence in the industry, especially for companies that have market power. a. What is meant by “Limit Pricing” and “Predatory Pricing”, are the two strategies different, explain the difference if any? b. The "Chain Store Paradox" generally occurs in which price strategy from the possible strategies in question a, explains the paradox?1. identify two other specific industries that use yield management pricing. 2. What are some reasons why the companies in the two industries you've identified use yield management systems? *provide the website link
- 4. Various measures of cost Suppose the imaginary company of Roobek is a small, Reno-based American apparel manufacturer specializing in athleisure. The following table presents the brand's total cost of production at several different quantities. Fill in the remaining cells of the following table. Quantity Total Cost Marginal Cost (Pairs) (Dollars) (Dollars) 0 1 2 3 4 5 60 155 220 255 300 350 450 Fixed Cost Variable Cost (Dollars) (Dollars) Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair)21) The volume packs so typical of the products sold at Costco demonstrate multiple-unit pricing. A) True B) False 22) The geographic pricing arrangement of F.O.B. Destination sees the buyer paying for the costs of the freight. A) True B) False 23) A supplier pays a retailer a shelving allowance for the purpose of securing shelf space. A) True B) False 24) A manufacturer that keeps a record of customer volume and issues cheques at a later date to cover allowances earned over the term of the offer is allowing a discount on the basis of a bill-back. A) True B) False 25) "3/10, net 30" means that a customer whose payment is received 3 to 10 days after reception of the invoice will get a 30% discount. A) True B) False 26) The buying committee turned to the sales manager of a new line of cereals and stated that it would cost the company $50,000 to get the products listed and placed on their store shelves. The buying committee is asking for a slotting allowance.…Which of the following price adjustment strategies involves reducing prices to reward customer responses such as volume purchases, paying early, or participating in sales-support programs? O a. discount and allowance pricing O b. captive product pricing O c. dynamic pricing O d. product bundle pricing O e. product line pricing A Moving to another question will save this response. « < Question 26 TOSHIBA DEL SNI PAA FB F10 F12 F9 BACK SPACE 7 V 8A99 0 TYYIU
- What is your perspective of a Balanced Scorecard? Do you see the value to an organization this could provide? Explain the cost-price interrelationship, and why it's important that organizations understand their cost structure, as it relates to pricing decisions.Multiple choice: 1.when a company sets a price for the first time because of: A. Acquires new products, goods or services from an existing company locally or abroad B. Cost and competitors prices C. Maintain old price of a while to gain a strong foothold in a market D. Due to inflation and peso devaluation 2. Key pricing decisions except: A. Merchandise or gift B. Product sample C. An experience D. Price incentivesTo calculate accurate and profitable price per portion, the Ocean View Caté performs butcher tests on the pan-tried chicken. A portion of chicken served is Boz, and the butcher test revealed that the portion cost factor is 75. The new supplier's price is $3.00 per Ib. of chicken. What should the cost of the 6oz portion be? Select one: a. $5.25 b. $2.63 c. $13.50 O d. $2.25