Price leadership Study guides, Class notes & Summaries

Narrowly, what is a price? - Answer- Narrowly, price is the amount of money charged for a product or service Broadly, what is a price? - Answer- Broadly, price is the sum of all values that consumers exchange for the benefits of having or using the product or service Price is not just money, think of price as - Answer- sacrifice Example of price - Answer- $88 boots from amazon versus exact same pair at Dillards for $88 as well. The price here is wait-time, trying them on, or conve...

T/F: Differentiation and cost leadership are only effective in manufacturing industries. F T/F: The major value drivers that managers have at their disposal when using a differentiation strategy include product features, customer service, and complements T T/F: A differentiator will always benefit when products have become commonditized F T/F: A cost leader is the firm most likely to survive a price war T A __________ primarily details the goal-directed actions ma...

BSG Quiz 2 Questions and Answers 2023 Eliminate tariffs on LA Build a plant in LA and expand as needed Striving for low labor costs Labor costs per pairs produced to the industry low for employee compensation and pairs produced Industry low, average, and high cost benchmarks Are worth scrutiny because they tell what degree benchmarks cost for the benchmark cost categories and are competitive with rival companies NOT a good indication your companies costs are too high op...

MAN 4720 Final Exam UCF (Capstone UCF) Questions and Answers Already Passed What is a generic business strategy? A. a general way of positioning a firm's business-level strategy within an industry B. a general way of positioning a firm's business-level strategy to penetrate an international market C. a general strategy that positions your firm in a competitive position within an industry D. all of the above A What are the two dimensions on which generic business strategies are...

Defense Acquisition University: ACQ- ACQ 1010 All modules Exams 1-10 Answered and graded 100% score; Latest Fall 2022. Test – ACQ 1010 Module 1 Exam: Systems Acquisition Management Overview 1. Select the Department of Defense’s (DoD’s) decision-support system described as: “this is the process by which the Department of Defense (DoD) identifies, assesses and prioritizes the capabilities the military requires to fulfill its mission and is often referred to as the requirements generat...

CIPS L6M5 - Strategic Programme Leadership LO2 Exam Questions & Answers 2024/25 Fixed pricing - ANSWERSFixed pricing is a strategy in which a supplier estimates their cost and fees and uses that price to bid for the contract. Variable pricing (cost plus pricing) - ANSWERSVariable pricing (cost plus pricing) is when a supplier buys at the market price and sells at this plus margin. Buyers cost may in/ or decrease This means that market fluctuations are therefore passed onto the buy...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

price definition: narrowly - ️️the amount of money charged for a product or service price definition: broadly - ️️the sum of all the values that consumers exchange for the benefits of having or using the product or service internal factors affecting price decisions - ️️marketing objectives marketing mix strategies costs organizational considerations external factors affecting price decisions - ️️nature of the market and demand competition other environmental factors...

Functional obsolescence - Answer- Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison - Answer- best indicator of value for existing properties highest and best use - Answer- the legal use for property that gives the greatest return in money and/or amenities external obsolescence - Answer- the loss in value of a property caused by factors outside the property itself principle of contribution - Answer- suggests the...

BUAD 332 Exam 3 Questions with Complete Solutions price (narrow definition) - Correct Answers amount of money charged for a product or service price (broad definition) - Correct Answers sum of all values that customers exchange for the benefits of having or using the product or service internal factors affecting price decisions - Correct Answers - marketing objectives - marketing mix strategies - costs - organizational considerations external factors affecting price decisions - Corr...