« previous next »

Author Question: The utility that is created by moving goods from production points to market points where demand ... (Read 34 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
on: Jun 28, 2018
The utility that is created by moving goods from production points to market points where demand exists is referred to as:
 a. Form
  b. Place
  c. Time
  d. Possession

Question 2

Describe three ways a company can set a price.


soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 28, 2018
Answer to Question 1

b

Answer to Question 2

Low:
 Cost-plus pricing: mark up above average cost
 Loss leader: sell below cost to bring in customers for other products
 Penetrate market: price low to attract volume
 Nearly predatory: price so low as to discourage competitors
Medium:
 Competitive: What's the going rate?
 Price slightly below for perception of good value
 Price slightly above if you offer more benefits or have any brand equity
High:
 Skim market: price high for margins, not worrying about volume yet
 Prestige or status pricing: price high for image appeal
 Price high due to real quality differences or true rarity


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Stronger threads are created by cold rolling a heat-treated bolt blank instead of cutting the ... Stronger threads are created by cold rolling a heat-treated bolt blank instead of cutting the ...
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Cross-fiber friction to the paraspinal muscles. Friction is created by moving the more superficial ... Cross-fiber friction to the paraspinal muscles. Friction is created by moving the more superficial ...
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Erosional Landforms Created by Alpine Glaciers Erosional Landforms Created by Alpine Glaciers
Video: Digestive chemicals - water, gastric acid, bile & bicarbonate

For a complete list of videos, visit our video library