An organization is ready to launch a new product. When working through its pricing strategy, the organization should set the price of the product(1 point)
• 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.

Answers

Answer 1

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.

Answer 2

Answer: At the price consumers are willing to pay.

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To enter markets where superior profits are possible, an MNC should do which of the following? a. establish a subsidiary or acquire a competitor in a new market. b. acquire a competitor that has controlled its local market. c. establish a subsidiary in a market where tougher trade restrictions will adversely affect the firm's export volume. d. establish subsidiaries in markets whose business cycles differ from those where existing subsidiaries are based.

Answers

Answer:

a. establish a subsidiary or acquire a competitor in a new market

Explanation:

In the market where superior profits are possible to be generated, MNC should establish its subsidiary or acquire competitor. This is because in the home market, it has already been saturated or the competition is intense. so that need to penetrate into new market to seek for potential demand. So that MNC can choose either setting up subsidiary or acquiring competitors to achieve the objectives of different sources of demand available to exploit.

Money invested in a business by either the owner or investors is called:A. Payroll
B. Equity capital
C. Franchise
D. Liability

Answers

Equity Capital (B) :)

All of the following are fees typically charged by credit card companies EXCEPT:A Late payment fee
B Balance transfer fee
C Annual membership fee
D Reload fee

Answers

A reload fee is a fee that is charged to a prepaid card because you are loading funds onto the card when you have them available. The reload fee applies to cards in which the cash is "real" versus chargining to a credit card to pay at a later time. The credit card company will charge a late fee, balalnce transer fee and some will charge a membership fee.

The correct option is D.

Reload fee is not charged by the credit card companies.

Further Explanation:

Credit card:

Generally, Credit card is issued by financial institutes such as banks. Credit card is a plastic card that allows the cardholders to borrow the funds from the respective bank and then spend the funds as per their requirements. A credit card can be used for the purchase of goods and services. Generally, credit card has a specific limit. It is known as a line of credit (LOC). The cardholder can withdraw or use the funds up to the LOC. The cardholder has to pay the borrowed amount along with the interest on the borrowed funds after a specific period of time, which is defined and stated at the time of issuing the credit card.

Reload fee:

Reload fee is charged on the prepaid cards (debit cards). When the balance in the account comes to a minimum level, the accountholder requests the banker to refill his debit card. Bank refills the debit card by charging a small fee. That fee is called reload fee.

Therefore, reload fee is not charged on the credit card. It is charged on the debit card.

Learn more:

1. Learn more about the credit card utilization

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Answer details

Grade : Senior School

Subject : Business Studies

Chapter : Money and Banking

Keywords: fees, typically, charged, credit card, companies, except, late payment fee, balance transfer fee, annual membership fee, reload fee.

A journal designed for entering only sales on account is called thea. Cash receipts journal.
b. cash payments journal.
c. sales journal.
d. general journal

Answers

The answer to the question stated above is letter c. sales journal.

Sales journals are used for recording sales of merchandise on account, it is sometimes termed as credit sales.
Cash sales are not recorded on Sales journal because they belong in the cash receipts journal.

Answer:C )sales journal

Explanation:sales journal records credit sales

cash receipt journal records cash sales

general journal records sales on credit of assets

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Answers

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Answers

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