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Question 1: What price actually is?
Price is defined as the value which is placed on a product. Another way to understand price is to say that it is whatever a buyer is willing to pay for a product or service. The price for a product typically out weighs the cost of a product. This is so that the manufacturer or business can make a profit. Sellers set prices using different methods. There is cost based pricing. This methods does not take what the market or competitors are selling their products for. Competitive pricing is another method. Pricing is set to what similar products are selling for. There is demand pricing. This pricing model takes the market demand into account and sets the price based on how much demand exists for its products.
Using your industry specialization as the model, explain how sustainable competitive advantage can be achieved through knowledge and resources.
1.Listed below are three different products in various stages of the product life cycle.
Calculate the efficient quality level under the assumption that transfers are possible. - determine how large d must be for this equilibrium to exist.
In this section you should outline the purpose of the business. Explain why your idea is innovative and how it would help consumers.
Explain how quality can be managed
Based on: Tribute Magazine: Tribute Plays a Leading Role in Movie Theatres Across Canada
Difference between product extension and line extension?
Interview three consumers. Ask ask them about their concerns when choosing a fast-food restaurant. Using these results, estimate the location of the ideal points for different fast-food markets on the perceptual map that you developed in Step 1
Briefly describe how you can use the seven steps of personal selling in an everyday activity such as dating or getting a job.
Choose two business sectors that commonly utilize Social Media. How are the two business sectors you selected using Social Media today?
Using tools and concepts learned this week to design a software solution to a problem in your life.flow chart or mind map that documents your solution
outsourcing is both a risk and an opportunity for employers and employees in canada. please complete the following
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