Top Tots Ltd has recently developed a state of the art baby carriage for infant children. The baby carriage, named the 'Cruiser', is manufactured from a rare substance (CLO), which gives it superior strength and quality compared to any other baby carriage on the market. The marketing director believes that the fact that the Cruiser weighs less than half of the weight of all currently available baby carriages and is cutting edge in terms of style, will give the company a considerable competitive advantage. The senior management committee is now in the process of putting together a pricing strategy. Briefly explain what is meant by a market skimming pricing strategy and a penetration pricing strategy. Discuss the relative advantages and disadvantages to Top Tots of each approach in the context of the Cruiser.
Answers
A market skimming pricing strategy involves setting a relatively high initial price for a product, targeting early adopters or customers who are willing to pay a premium for the innovative features or unique attributes of the product.
As time passes, the price is gradually lowered to attract a broader customer base. This strategy allows the company to capture maximum profits from the early adopters before facing competition or price pressures.
On the other hand, a penetration pricing strategy involves setting a low initial price for a product to quickly gain market share and attract a large customer base. The aim is to create mass-market appeal and establish the product as a dominant player in the market. As the customer base expands and economies of scale are achieved, the company may gradually increase the price.
For Top Tots and the Cruiser baby carriage, a market skimming pricing strategy could be advantageous. The innovative features and superior quality of the Cruiser, combined with its lightweight design and cutting-edge style, may justify a higher initial price. This strategy can help Top Tots maximize profits by targeting customers who value the unique benefits of the Cruiser and are willing to pay a premium for it.
However, there are also potential disadvantages to consider. A higher initial price may limit the initial market demand, as price-sensitive customers may be deterred from purchasing the product. Competitors may also enter the market with similar lightweight and stylish baby carriages, offering them at lower prices. This could erode Top Tots' market share and make it difficult to maintain the premium price position in the long term.
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Related Questions
the gdp gap measures the difference between
Answers
Answer: Actual GDP and Potential GDP
Explanation:
A GDP gap is the difference between that actual GDP and the Potential GDP of an economy as represented by the long-term trend.
YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in Direct Subsidized loans and another $19,000 in Direct Unsubsidized loans. She is trying to save up an emergency fund of at least 6 months’ take-home pay, so she’s torn about how much she should devote to her student loans and how much to the emergency fund every month.
- Which plan has the highest total amount paid? How long is the repayment period for this plan?
Answers
a) The plan with the highest total amount paid is the Direct Unsubsidized Loan of $19,000 because, in addition to the interest, the principal amount is higher than the Direct Subsidized Loan.
b) The repayment period for the Direct Unsubsidized Loan is 10 years after graduation if the Standard Repayment Plan is chosen.
What are unsubsidized and subsidized loans?Subsidized Loans are student loans subsidized by the Federal Government, especially with respect to the interest payment.
Subsidized Loans do not accrue interest during school at least half-time or during deferment periods. They are available for undergraduate and graduate students in financial need.
Unsubsidized Loans are federal student loans for both undergraduate and graduate students that are not based on financial need. They accumulate interest during school if the student does not elect to make monthly interest payments.
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A market maker enters a quote of $31.50 Bid; $32.00 Ask; with a size of "3 x 5" into the NASDAQ System. If a market order to sell is entered into the system for 500 shares, and this dealer's quote is matched, the market maker will be obligated to buy:__________.
Answers
Answer: 300 shares at $31.50
Explanation:
The NASDAQ system simply uses an index, or sometimes stick collection that are being utilized to make a snapshot of the market performance.
A market maker enters a quote of $31.50 Bid; $32.00 Ask; with a size of "3 x 5" into the NASDAQ System. If a market order to sell is entered into the system for 500 shares, and this dealer's quote is matched, the market maker will be obligated to buy 300 shares at $31.50.
Explain the role audit committee plays in the company
Answers
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
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Calculate net worth using the following information.
Assets Liabilities
car - $3,500 car loan - $3,000
savings account - $1,000 credit card - $500
cash - $80
stock - $120
$1,200
$8,200
$12,000
$500
Answers
The net worth of the person, using the given information, can be found to be $ 1, 200
What is a person's net worth ?The value of all assets less the sum of all obligations is what is known as net worth. In other words, net worth is the sum of all assets minus all liabilities.
A person's or company's net worth is the value of their assets less the amount of obligations they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its present financial situation.
In the financial industry, one's net worth—also known as net wealth—is used to determine whether a person is eligible for a particular set of investment opportunities or financial products, such as hedge funds, structured products, or other sophisticated or alternative investments.
The net worth of a person can be found by the formula :
= Assets - Liabilities
= 3, 500 + 1, 000 + 80 + 120 - 3, 000 - 500
= 4, 700 - 3, 500
= $ 1, 200
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managers for isabella’s icy treats, a business that operates two dozen ice cream trucks in a large city, have implemented an excellent strategy. now the managers are faced with the strategic management process of
Answers
After strategy implementation, Isabella's Gely Treats managers are faced with the evaluation and control strategic management process.
The approach to the strategic management process is classified into 5 steps:
Goal settingAnalysisstrategy formationStrategy implementationStrategy monitoringFollowing all the steps in the process will help a company to broaden its business vision, reaching its short- and long-term goals.
Therefore, after a successful strategy implementation, there must be a strategy evaluation and control process, which consists of:
performance measurementrevisioncorrectionConstant monitoring of strategic actions allows for greater adaptation to internal and external factors that may impact your business, correcting errors, bottlenecks and measuring organizational progress in relation to objectives.
So the evaluation and control in the management and control process will help a company to achieve continuous improvement of its processes.
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Answer:
The answer is B
Explanation:
I know and I did the work
XYZ is an established business and has written a business plan in order to request additional funding from a local bank. Unlike a plan for a new business, their business plan will include which information?
Answers
Answer:
Growth Highlights
Explanation:
When a new business is to start up, and it requires funding it shall propose the business idea to investors, but it depends upon the discretion of investors whether or not to invest, and their results are dependent upon the expectations of the business idea.
Whereas when a established business requires further funds, it can state the statistical records and performance reports which shall highlight the growth achieved by the business already.
This shall ensure the investors about their returns in a more confident manner.
Funding from local bank shall include the growth results achieved till now, in order to create the investor confidence.
In his classical theory of motivation, Frederick Taylor believed that two things would improve worker productivity: linking pay to output and
a. job rotation.
b. flextime.
c. job specialization.
d. negative reinforcement.
e. punishment.
Answers
Answer:
C
Explanation:
c. job specialization.
In his classical theory of motivation, Frederick Taylor believed that job specialization, or breaking down jobs into smaller and simpler tasks, would improve worker productivity. He believed that by doing this, workers could become more efficient at their jobs and would be able to produce more output. Additionally, Taylor believed that linking pay to output, or offering workers financial incentives for producing more output, would also motivate them to work harder and be more productive.
Job rotation, flextime, negative reinforcement, and punishment were not part of Taylor's classical theory of motivation.
What are self-service BI tools?
Business intelligence tools that do not require any particular BLANK
expertise are called self-service tools.
Answers
Answer:
Technical
Explanation:
100% on test
What are personal loans?
Answers
Answer:
personal loan is a specific amount of money you can borrow from the bank, with a fixed interest rate and you pay it back within a predetermined amount of time.
Denisha and Carlton report their manager to HR because they feel that they were denied a promotion because of their age. They are both 28 and Denton was promoted and he is 47. They are claiming age discrimination. HR informs them that the law does not apply to them based solely on their age, because it does not
a. permit business necessity as a ground to avoid a guilty verdict.
b. protect younger workers
c. allow for jury trials.
d. allow punitive damages
e. permit promotions based on performance.
Answers
The HR informs them that the law does not apply based on their age because it does not protect younger workers.
What is age discrimination?This is a type of discrimination that exists in the society where people are denied opportunities such as jobs and other benefits on account of their age.
The HR here is informing the workers that age is not what the law concerning the promotion is based on.
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Why would a producer conduct a marginal analysis?
A. To understand the type of taxes paid on a good or service
B. To determine whether a price increase will change what a
consumer will buy
C. To predict the amount of environmental pollution caused by a
manufacturer
D. To suggest a way to package a product so that it causes less
pollution
E
Answers
Answer:
B to determine whether a price increase
Explanation:
cuz I said
Document your approach for collecting requirements for the project. Include at least five technical requirements and five non technical requirements in a requirements traceability matrix. Also develop a list of at least five questions you would like to ask the project sponsor. Let your instructor answer them for you, if applicable
Answers
Requirements Traceability Matrix: Technical Requirements | Non Technical Requirements 1. Develop a user-friendly website design. | 1. Create user profiles that store personal information.
2. Ensure website is optimized for mobile devices. | 2. Develop an easy checkout process.
3. Develop a content management system. | 3. Ensure compliance with applicable regulations.
4. Integrate third-party payment systems. | 4. Develop a customer loyalty program.
5. Ensure website is secure and protected from unauthorized access. | 5. Ensure website is accessible to all users.
Questions for Project Sponsor:
1. What is the overall goal of this project?
2. What type of user experience are you looking for?
3. What is the timeline for completion of the project?
4. What kind of budget do you have for this project?
5. What kind of feedback would you like to receive throughout the project?
These questions will help the project sponsor provide important information such as the overall goal, timeline, and budget for the project. They will also help the project sponsor provide feedback and input on the user experience and other requirements.
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Manufactured truck parts are part of which industry
A. Eloctronics
B. Chemicals
C.machinery
D.transportation equipment
Answers
Answer:
c
Explanation:
Answer:
c
Explanation:
what is entrepreneur
Answers
Answer: An entrepreneur is a person who creates a new business venture with all the possible risks. He is the person who brings an idea to the table for a new business. Then he acquires resources, labor, and capital to set up the business, produce goods and services
Explanation: Hope this was helpful
What is meant by core competency?
Answers
Accenture is helping a major retailer migrate to the Cloud. The client has aggressive timelines and is worried that security will be compromised. How can Accenture help the client?
Answers
Hello. You forgot to show the answer options. The options are:
• Accenture should advise the client to wait until the next phase to implement security controls.
• Accenture should develop a custom solution and suggest a timeline extension.
• Accenture has developed accelerators that can deploy specific security controls in hours, a task that used to take months.
• Accenture recommends that the additional security controls are not needed since the Cloud is secure by default.
Answer:
Accenture has developed accelerators that can deploy specific security controls in hours, a task that used to take months.
Explanation:
Accenture will promote a good management of the retailer's files that will go to the cloud promoting the security that it needs. However, this is a slow process, which requires very delicate and precise protocols, which can cause the implementation of security systems to take months to be ready. However, as the retailer has very tight deadlines, Accenture can develop accelerators that will streamline this process.
Question 22(Multiple Choice Worth 4 points)
(01.06 LC)
Which characteristic of money explains why an old dollar is worth as much as a crisp, new dollar?
Divisible
O Scarce
O Portable
O Stable in value
Answers
The portable characteristic of money explains why an old dollar is worth as much as a crisp, new dollar Option C
This is further explained below.
What is the characteristic of money?Generally, Durability, mobility, divisibility, homogeneity, scarcity, and acceptance are all features of money.
In conclusion, Because of money's malleability, a worn dollar is just as valuable as a brand new one.
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Answer: Stable in value
Explanation: an old dollar is the same value as a new dollar.
ACTUAL EXPLANATIONS ONLY PLEASE // You project revenue to start at $5,000 for the first month and grow by $200 each month thereafter. You project expenses
to begin at $7,000 per month and grow by $50 per month. In what month will you break even (revenue equal to expenses)?
Answers
Answer:
13.33
Explanation:
We have to write 2 equations to set equal to each other.
The first one will look like this:
200x + 5,000
The x will go with the 200 because the project revenue grows by $200 each month thereafter the start of $5,000.
The second equation will look like this:
50x + 7,000
The project begins at $7,000 and grows by $50 every month so the x will go with the 50.
Now, set them equal to each other
200x + 5,000 = 50x + 7,000
Solve
150x + 5,000 = 7,000
150x = 2,000
x = 13.333
Therefore, in the thirteenth month the project will breakeven.
Hope this helps!!
- Kay :)
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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find the differential coefficient of 3x power 2
Answers
The differential coefficient of 3x power 2 is mathematically given as
n=6
What is the differential coefficient of 3x power 2 ?
Generally, the equation for the statement is mathematically given as
F(x)=3x^2
Therefore
F(x)=3x^2
F(x)'=6x
dy/dx=6x
In conclusion, the differential coefficient of 3x power 2 is
n=6
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Quality control charts indicate whether a production process is in control or out of control. Do you agree? What are the different types of control charts?,
Answers
Yes, quality control charts indicate whether a production process is in control or out of control. Statistical process control (SPC) involves the utilization of control charts to track and monitor a process. It helps determine whether a process is in control or out of control.
SPC is used to detect whether a process is making goods and services within a specific range. In statistical quality control (SQC), control charts are used to provide a graphical representation of the data that shows the process's performance over time.
There are different types of control charts, and they are useful in different situations. The following are the four most common types of control charts: X-Bar and R Control ChartsX-bar and s Control Charts Individual/Moving Range Control ChartsP Chart and C Chart.
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Highlight four reasons why a person may start a business
i).....
Answers
Answer:
To create job opportunities
To earn or make profit
To new skill upskill
To demonstrate the value of entrepreneurs
Explanation:
Tim's $2,500 boat trailer was stolen from his driveway. Ignoring any deductibles, how much can Tim receive for his stolen trailer when he files a claim against his homeowners policy?
Answers
Answer:
generally $1,000, but some policies can cover up to $1,250
Explanation:
Home insurance provides only very limited protection to boats or other watercraft that you might own. They are also very specific circumstances under which they will be covered and as long as it happens within your residence. In this case, since the boat trailer was stolen from your driveway you insurance policy will probably cover it, but the amount is relatively small. Most policies will cover only $1,000 and some might even cover up to $1,250, but generally the lesser amount is covered. If you own a boat it is usually recommended to get a boat insurance policy.
Which situation would most likely take place in a command economy?
A.
A worker is assigned to work in a government-owned refinery.
B.
Farmers grow just enough corn to eat throughout the year.
C.
Two car companies compete to make the cheapest electric car.
D.
A worker quits his job to start his own business.
Answers
Answer:
1.) C. two car companies compete to make the cheapest electric car
Who can remove members of a case team?
Select one:
Case owner
Playbook designer
Case manager
Workgroup admin
Answers
The case owner can remove members of a case team.
When working on a case, the case team is comprised of individuals who work together to resolve the case. The case team may consist of the case manager, workgroup admin, playbook designer, and others.
The case owner is the one who initiated or created the case. They are responsible for overseeing the case from start to finish. This includes the management of the case team. The case owner can add or remove members of the case team as needed to ensure the case is resolved efficiently.
In conclusion, the answer to this question is A. Case owner as they are the one responsible for the management of the case team.
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How do job seekers use the bureau of labor statistics occupational outlook handbook
Answers
Answer:
They explore general information about many types of jobs.
Explanation:
Job seekers use the Bureau of labor statistics occupational outlook handbook in order to gain information about the various jobs available.
What is the Bureau of labor statistics?A federal organization within the United States Department of Labour that collects, analyses, and publishes labor market data in the United States is recognized as The Bureau of Labour Statistics (BLS) which plays a crucial role in industry governance.
The Bureau of Labour Statistics is responsible to published the Occupational Outlook Handbook (OOH) published which is a great resource for job seekers seeking information on various jobs and industries.
This section contains thorough information on the education and training needs for various vocations, as well as any extra qualifications required for success in the sector.
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what is bankaccount
Answers
Answer:
Kung san mo Tatago pera mo
Explanation:
commonsense
the stddev function can be used with ____ columns.
Answers
The `stddev` function can be used with numeric columns only.
`stddev` stands for Standard Deviation, it's a built-in function in SQL (Structured Query Language) and is used to calculate the standard deviation of a set of numbers. It's a statistical function that calculates how much the values in a dataset vary from their mean or average value.
A standard deviation is the measure of the amount of variation or dispersion of a set of values. It tells us how tightly or loosely the values in a set are distributed. If the values in a set are closely grouped around their mean value, the standard deviation will be low, indicating that there's low variability.
Conversely, if the values are widely spread apart, the standard deviation will be high, indicating that there's high variability.So, to calculate the standard deviation of a set of values in a table, we must use the `stddev` function. And this function can be applied only to numeric data or columns in SQL. Hence, the answer is `numeric columns only`
A brief explanation of standard deviation and its formula below.
What is the Standard Deviation?
Standard deviation is a statistical measure that helps to find the extent of variation in a set of values from the mean. In other words, it tells us how the values are spread around their mean value.
The formula for standard deviation is given as:σ = √Σ(x - μ)² / n Where,σ is the standard deviation x is each value in the datasetμ is the mean value of the dataset n is the total number of values in the dataset.
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What are five key features of a centrally-planned economy?
Answers
Answer: See explanation
Explanation:
A centrally planned economy is simply refered to as an economic system whereby the decisions regarding how resources will be allocated and distributed are done by the government.
Some of the features of a centrally planned economy include:
1. Ownership by the government.
2. The government is responsible for making economic decisions such as what to produce, for whom to produce and also how to produce.
3. Prices in the centrally planned economy are set by the price controls.
4. The economy is bureaucratic.
5. Laws are made by the government in the economy.