• at less than the price of the competition.
• higher than the price of the competition.
• at the price consumers are willing to pay.
• at the price that will allow retailers to offer a discount.
Answer:
At the price consumers are willing to pay
Explanation:
For an organization that is just launching a new product, value based pricing which is a strategy that sets price for a product based on what customers think the product or service is worth, rather than actual costs and allows for the consumer to buy the products at the price they are willing to pay. This is determined through market testing and a price is set based on this value. For example, sometimes consumers will pay more for a product if it saves them a lot of time. Value based pricing which allows for the consumer (to buy based on their percieved value for the product and how much they are willing to pay) is a fundamental business activity of developing product strategies and pricing them properly to establish the product within the market.
This concept of pricing is key for a relatively new product within the market, because without the correct price, there would be no sale as setting a price for an average product would be negative on the business as consumer would not buy and setting a low price on a luxury product would likewise have an negative effect as in the long run, the organization may run at loss and business would not be profitable.
c. travelers’ checks
b. a mutual fund
d. a checking account
answer: A Mutual Fund
Monopolistically competitive firm is the firm that produces at an output where average total cost is not a minimum. From this follows that this type of firm is marginally inefficient. In general, monopolistically competitive firms earn profits slightly above their cost in the long run.
In general, monopolistically competitive firms can earn profits in the short run and long run, but the amount of profit varies. Unlike perfectly competitive firms, monopolistically competitive firms have some degree of market power, meaning they can differentiate their products and charge higher prices.
In general, monopolistically competitive firms can earn profits in the short run and long run, but the amount of profit varies. Unlike perfectly competitive firms, monopolistically competitive firms have some degree of market power, meaning they can differentiate their products and charge higher prices. However, since there is still some level of competition, the profit margins are typically lower compared to monopolies or oligopolies.
For example, a monopolistically competitive firm may sell unique flavors of ice cream that are not available from other firms in the market. This differentiation allows them to attract customers willing to pay a premium price for their product. However, if other firms introduce similar flavors or the market becomes saturated, the firm's ability to earn profits may decrease.
Overall, monopolistically competitive firms can earn profits, but the level of profit depends on market conditions, product differentiation, and the ability to maintain a loyal customer base.
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Answer:
d) Better expectations of future resource value.
Explanation:
Better expectations of future resource value involves competitive advantage that is attributed to intangible resource and future planning. It is a future expectation a business has about market dynamics that will bring future profits.
Brown Foods Inc anticipated that the prices of cocoa beans would double in less than three years, and they planned towards that expectation by buying cocoa plantations in Ghana. This eventually paid off and enabled the company survive in turbulent times.
B. to entertain
C. to persuade
D. to commemorate
Answer:
Letter C. to persuade
Explanation:
The main purpose of television commercials is to persuade the public to consume the advertised products. In this way, through persuasion, that is, through the strategy of convincing the viewer through emotion; TV commercials influence your choice of consumer.
option C to persuade, just took the test