This topic contains a solution. Click here to go to the answer

Author Question: One variable pricing strategy you tested was offering the fried fish sandwich for 5 during early ... (Read 48 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
One variable pricing strategy you tested was offering the fried fish sandwich for 5 during early dinner hours, from 4-5:00pm. Over a month, 40 fish sandwiches were sold during the early hour and 135 fish sandwiches were sold during all other hours.
 
  Is this a good strategy to implement full-time? a. No, because the number of fish sandwiches sold at full price decreased
  b. No, because customers will always expect to pay only 5
  c. Yes, because the total revenue brought in by using two prices exceeds the revenue generated by using one price
  d. Yes, because the contribution margin for the fish sandwich is so high
  e. No, because the total revenue when only one price was charged is more than the revenue brought in when two prices are used

Question 2

Using the BCG Matrix analysis method, determine which statement is TRUE:
 
  a. The cash cows are the chicken wrap and grilled cheese
  b. The cash cows are the fried fish sandwich and the reuben
  c. The star is the grilled cheese
  d. The dog is the reuben
  e. All of the entre items are puzzles



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jody Vaughn

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

C

Answer to Question 2

A



mp14

  • Hero Member
  • *****
  • Posts: 534
Both answers were spot on, thank you once again




 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library