Business, 01.12.2021 01:00 keelyrosewillia
A videographer specializing in weddings currently charges $2,000 to shoot a wedding. Shehas been shooting weddings for over twenty years and has now booked some well-knownclientele. Which two pricing strategies would be most strategic for this videographer andwhy? What other pricing recommendations would you make to this videographer?2. Recommend and prepare a pricing strategy for a videographer that aligns with her pricingobjectives (assume/suggest these objectives) and considers relevant costs, demand, andrevenues.3. Discuss the value of break-even analysis and conduct break-even calculations for thevideographer wedding shot.4. Sam has created a clothing line that sells at a local boutique. Short-sleeved shirts are $40,sweaters are $60, hats are $20, and accessories such as socks are $15. Give Sam twopsychological strategies to use to improve his pricing and hopefully increase product sales. Explain your answer.5. Now assume that Sam’s shirts sell for $400, his sweaters for $600, his socks for $150, andhis hats for $200. Would your pricing strategy recommendations change any? Why or whynot?6. Define price elasticity of demand for Sam’s store for two scenarios above. How it affectSam’s pricing strategy?
Answers: 3
Business, 22.06.2019 00:50
cranium, inc., purchases term papers from an overseas supplier under a continuous review system. the average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. it costs $60 to process each order and there is a five−day lead−time. the holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. cranium operates 200 days per year.what is the reorder point r to satisfy a 98% cycleminus−service level? a. greater than 1,700 unitsb. greater than 1,600 units but less than or equal to 1,700 unitsc. greater than 1,500 units but less than or equal to 1,600 unitsd. less than or equal to 1,500 units
Answers: 1
Business, 22.06.2019 12:40
Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false
Answers: 3
Business, 22.06.2019 19:50
Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries
Answers: 1
Business, 22.06.2019 21:20
Which of the following best explains why large companies pay less for goods from wholesalers? a. large companies are able to pay for the goods they purchase in cash. b. large companies are able to increase the efficiency of wholesale production. c. large companies can buy all or most of a wholesaler's stock. d. large companies have better-paid employees who are better negotiators.
Answers: 2
A videographer specializing in weddings currently charges $2,000 to shoot a wedding. Shehas been sho...
Mathematics, 15.10.2019 17:50
Physics, 15.10.2019 17:50
Mathematics, 15.10.2019 17:50
Mathematics, 15.10.2019 18:00
Mathematics, 15.10.2019 18:00
Mathematics, 15.10.2019 18:00
Mathematics, 15.10.2019 18:00
Computers and Technology, 15.10.2019 18:00
Biology, 15.10.2019 18:00
Biology, 15.10.2019 18:00