Explain the key difference among the three different pricing methods a firm might choose.
There are different pricing methods to be used by the firm and each method has its own characteristics. The first pricing method is cost plus or cost based pricing method where a markup to the cost is added to achieve the final price. Here, the basis of pricing is cost of production. In contrast to it, value based pricing is based upon the value to be perceived by the consumers. It has not much to do with the cost. Here, value perceived by the consumers, is the basis of pricing. For example, Apple does it for the pricing of iPhones and other products. The third pricing strategy is competitor based pricing where the basis of pricing is the competitors' price of their products. Here, firm sets its price on the basis of what price is set by the competitors. It happens mostly in oligopoly based market structure. So, the key difference is the basis of pricing to be chosen by the firm.
The second key difference is the market structure where the pricing strategy deemed suitable. The cost based pricing is most suitable for perfect competition, whereas value based pricing is more suitable in the monopolistic competition where the firm delivers quality with differentiation and put higher price to the product. The competitor based pricing is applied when there is an oligopoly based market.
Explain the key difference among the three different pricing methods a firm might choose.
Explain the difference among the insured, the owner and the beneficiary of a life insurance policy. Give a specific example in which each party might be a different person.
Explain the difference among the insured, the owner and the beneficiary of a life insurance policy. Give a specific example in which each party might be a different person.
Explain two different methods that can be used to measure the phase angle difference between two sinusoidal functions with the same frequency using an oscilloscope.
Explain the different types of transfer pricing
Describe three different regional trading blocs and explain key elements of the agreement and the effect on the participating nations.
A firm’s cost of capital is 9 percent. The firm has three investments to choose among; the cash flows of each are as follows: Cash Inflows Year A B C 1 $ 457 — $ 1,344 2 457 — — 3 457 — — 4 — $ 1,756 — Each investment requires a $1,200 cash outlay, and investments B and C are mutually exclusive. Use Appendix A, Appendix B and Appendix D to answer the questions. Assume that the investments...
The company I choose is Walmart. Companies can choose from different costing methods: process/product costing and activity-based costing. Think about a company you know and answer the following: What are the differences between the two costing methods, and how do these apply to your company? What are some ABC cost drivers the company might use? How could the costs differ if one method is chosen over the other? Which method would you recommend for your company, and why?
Describe three different reasons why you might engage in coaching a staff member and explain the benefit?
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Describe the difference between intra- and intermolecular forces, distinguish the different types of forces among molecules, and explain how these forces influence molecular properties