Author Question: Cold beer is often served with Danish smorrebrod which means which one of the following? A) Salty ... (Read 66 times)

mp14 · **on:** Aug 10, 2018

Cold beer is often served with Danish smorrebrod which means which one of the following?

A) Salty crackers

B) Assortment of dried fish

C) Open-faced sandwiches

D) Sweet buns

Question 2

Explain the factors that affect product pricing.

What will be an ideal response?

annierak · **Reply #1 on:** Aug 10, 2018

Answer to Question 1

C

Answer to Question 2

There are four primary factors that influence the prices vendors charge: costs, demand, service features, and quality. Traditional views of pricing assume that vendors determine their costs and set selling prices at a level to attract customers and generate a profit. This view may involve three assumptions: increased prices equal increased quality, increased prices equal scarcity and value, and increased prices equal increased image.

Less traditional pricing views include the ideas that price and costs are unrelated, cost plus value equals price, and different prices are normal. Other factors that can influence prices include governmental controls, contract terms, number of vendors selling the products, and the buyer's payment history.