Should a small business owners judgment be used to determine prices if so many mathematical techniques have
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
The purpose of the question is to show that price for any product fall w...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Small Business Management Entrepreneurship and Beyond
ISBN: 978-0538453141
5th edition
Authors: Timothy s. Hatten
Question Posted:
Students also viewed these Management Leadership questions
-
Should a small business owner always purchase products from the vendor with the lowest prices? Why or why not?
-
Should a small business owner always purchase the products with the lowest prices? Why or why not?
-
A management consultant advised a small business owner to fully analyze all transaction costs, delineate the boundaries of the business, and develop an equation to calculate exactly economies of...
-
Table P-23 contains Southwest Airlines' quarterly income before extraordinary items ($MM) for the years 1988-1999. a. Plot the income data as a time series and describe any patterns that exist. b. Is...
-
The interior of an open cylindrical tank is 12 feet in diameter and 8 feet deep. The bottom is copper and the sides are steel. Use differentials to find approximately how many gallons of...
-
In Figure 3.23, a spring-loaded cannon on a wheeled car fires a metal ball vertically. The car is given a push and set in motion horizontally with constant velocity. A pin is pulled with a string to...
-
Prepare residue-curve maps using a process simulation program for the following mixtures at \(1 \mathrm{~atm}\). Identify any distillation boundaries. (a) Acetone, n-heptane, toluene (b) Methanol,...
-
The dataset corresponding to the exercise on the DVD holds various measures of the 50 United States. The Murder rate is per 100,000, HS Graduation rate is in %, Income is per capita income in...
-
You are a manager at a coffee shop. Unfortunately, you have had to turn customers away because your shop doesn't offer some beverages that customers are requesting. Use Kotter's 8-Step ProcesS...
-
Beavercreek Company sold 14,000 jars of its organic honey in the most current year for $15 per jar. The company had paid $10.50 per jar of honey. (Assume that sales returns are nonexistent.)...
-
What can happen if the price of a product does not fit with the three other Ps of the marketing mix?
-
Discuss the importance of remaining professional and friendly when trying to collect an unpaid bill.
-
The graph of the shaded area at right shows all possible combinations of two numbers, x and y. Use the graph and basic area formulas to answer each question. Express each answer to the nearest 0.001....
-
How to design an activity to use to develop Grade R learners literality skill. Name all of the resources that are required and explain step by step how to use the resources an the activity. Paste a...
-
As a project manager, you have the singular gift of being able to handle a hundred responsibilities at once, including delegating tasks, removing any blockers from a project, and making sure everyone...
-
Products made in the three factories, F1, F2 and F3 are shipped to the four shops, S1, S2, S3 and S4. The supply at each factory and the quantity demanded at each shop are shown in the table below...
-
4. In many ways, cache memory and virtual memory are similar. But their purposes are different. For example, cache memory is for decreasing effective access time and virtual memory is for increasing...
-
i Xxi Yi 1 2 3 5 -4 -3 0 0 0 Consider the data points 67 8 9 10 11 1 2 3 4 0 0 0 0 0 4 5 -2 -1 0 1 1 1 (a) Find the 10th degree polynomial, P0(x), fit for the above data. (b) Find the 7th degree...
-
What is the probability of obtaining five tails when a coin is flipped five times?
-
Create a data model for one of the processes in the end-of-chapter Exercises for Chapter 4. Explain how you would balance the data model and process model.
-
For the situation given in the previous problem, compute the effective throughput achieved by this connection. Assume that each packet holds 1 kB of data and that the RTT = 100 ms. Exercise 17:...
-
How do information systems help businesses use synergies, core competences, and network-based strategies to achieve competitive advantage? 1. Explain how information systems promote synergies and...
-
What are the challenges posed by strategic information systems and how should they be addressed? 1. List and describe the management challenges posed by strategic information systems. 2. Explain how...
-
It has been said that there is no such thing as a sustainable strategic advantage. Do you agree? Why or why not?
-
AA stock price is $45/share. The stock is expected to pay dividends $2.50 in the coming year. After reviewing all information, you concluded: the price one year from now will be $50/share and you...
-
Fung is planning for the correct after tax and after inflation real rate of return to use. If inflation will be 1.3%, the average rate of return on his investments will be 4.9%, and the tax rate on...
-
In a three - level marketing channel, how many entities ( organization / individual ) are connected?
Study smarter with the SolutionInn App