back their 17. A compuny that establishes a pricing policy that focunes on the r
ID: 344010 • Letter: B
Question
back their 17. A compuny that establishes a pricing policy that focunes on the rate at which they earn a utlising a E. Honels, car rental companies, arlines, and gas stations typically use d proft orientation 19. When a company unes a pricing srategy based on how it can add value so its producs, it is using a d profit orientation a a small change in price penerates a smal changr in demand b. a large change in price generabes a large change in demand c. a small change in price generaes a large change in demand d. a large change in price eneranes a smal change in 21. A. college student a pretty tight budgeten un-made tenee at hone and class in a travel mug. Now, after gradualting Bert buys a Starbucks example of. to d inelastic goods 2. When the bird flu devastated fanmers' chicken flocks, the price of eggs skyrocketed. Now, poutry farms have fully restocked and rebuilt ege supplies, but demand is down and, as a resut, prices of eggs neformulated secipes to use soy or whey protein inubead of eggs The resulting high supply and low experts say, is that whensthe prices of eggs were high, bakeries and restaurants b the income effect C. the subvaibution effect d inelastic goodsExplanation / Answer
1. a company that established a pricing policy that focuses on the rate at which they earn back their investment is utilizing a profit orientation. a company focuses on profit as the main objective of the company to be able to cover their investment.
2. Hotels, car rental companies, airlines and gas station use competitor orientation. They have to constantly compete in the market hence they need to keep their prices comparable to the other companies and create an effective competition in the market.
3. When a company uses a pricing strategy based on how it can add value to its production it is using a customer orientation. They provide services based on the needs of the customer.
4. A good is considered elastic if a small change in price generates a large change in demand.
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