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Explain the factors that influence the elasticity of pricing goods?
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What are three economic factors that influence what people buy?
Answer The three economic factors that influence people to buy are as follows. 1.Advertising 2. Good pricing 3. Credit cards that offer low interest rates.
Which of the following is not an example of pricing based on group differences in elasticity of demand?
Cash rebates for purchases of automobiles.
What is the subject matter of microeconomics?
The subject matter of microeconomics includes several factors. Some of these factors are commodity pricing, factor pricing, and welfare theory.
How does price elasticity of demand affect a firm's pricing decisions?
The price elasticity of demand affects a firm's pricing decisions by determining the optimal profit margin. Price elasticity of demand describes the rate of change of demand in response to a change in price. The higher it is, the higher demand changes in respond to price; lower means very little change. For a good with low elasticity, it is easier to profit off marking-up the price because demand falls little in response to a price increase. For a high elasticity, prices should approach equilibrium because straying from equilibrium results in a higher change in demand than in price.
How does elasticity affect a companys pricing policy?
If demand is elastic at the current price, the company knows that an increase in price would reduce total revenues.
Explain how product form pricing may be a pricing option at Quills?
Explain how product form pricing may be pricing option at Quills?
What are the Factors that influence intenet saleing?
Factors that can influence internet sales can be as simple as visibility of the sellerÕs website. Other factors can be pricing of your products. Many companies will pay to have their name come up higher search results to ensure visibility.
What factors might influence the pricing in a Middle Eastern branch of Dairy Queen?
Demand could be the answer, so what factors could affect the demand to increase or decrease.
What factors usually affect pricing?
What factors usually affect pricing?
What are three economic factors that influence what people buy?
Answer The three economic factors that influence people to buy are as follows. 1.Advertising 2. Good pricing 3. Credit cards that offer low interest rates.
What is Ramsay pricing?
it assigns costs based on the price elasticity of demand. het higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.
Which of the following pricing objectives has the most influence on rolex's pricing strategy?
prestige
What are the Factors involve in pricing general and special attendance on sub contractor in tendering and estimating?
Discuss factors in pricing general and special attendance on subcontractors?
Which of the following is not an example of pricing based on group differences in elasticity of demand?
Cash rebates for purchases of automobiles.
What influence does the law have on pricing?
Pilferage and shoplifting have an immediate effect on weekly pricing indices.
What are Factors which influence the choices of target market?
Pricing strategies will determine who a company targets. Additionally, the quality of the product will help determine who the target market is for a business.
Explain the differences between value-based pricing and cost-based pricing?
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