Consumers are often advised to stock up on necessities inadvance of a major storm. Would this kind of strategy work forbusinesses? Why or why not?

Q: How can Cigna insurance relate to these questions? What is and should be the relationship between…

A: Cigna's mission is "to improve the health, well-being, and peace of mind of those we serve." Its…

Q: What are some example items a company should always have an opt-in policy for?

A: Opt-In Policies Opt-in policies are policies that will help any consumer to take…

Q: If 2 liter Bubbly-Cola products cost Speedy $15.90 per case of 24 bottles, what is the amount of the…

A: THE ANSWER IS AS BELOW:

Q: What does it mean to be “stuck in the middle” between two strategies (i.e., between low cost and…

A: Michael Porter had described three generic strategies in the year 1980 where a company of any size…

Q: Which strategy Amazon follow and why?

A: The strategies adopted by Amazon reflects the approach an organization is having to develop its…

Q: To perform the SWOT of a minimarket, write: 10 internal strengths, 10 internal weaknesses, 10…

A: SWOT analysis is a tool that is used by the management to find out the areas of strengths as well as…

Q: write the following for DHL express and please give me reference of the source o Industry Analysis…

A: Porter's analysis is used to assess and evaluate the competitive edge of a firm/organization. It…

Q: What two industries other than utility companies and monopolies illustrate that MC (marginal cost)…

A: The marginal cost curve is U-shaped because initially when the firm starts its production, its…

Q: Give examples on how the portfolio analysis limitation is not alays clear what makes an industry…

A: Understanding the product life cycle is important for businesses. By studying changes in demand and…

Q: Please provide a SWOT analysis of the stock UPS (United Parcel Service Logistics company)

A: SWOT analysis for any company stands for strength, weaknesses, opportunities, and threats. It is…

Q: Explain a company's use of a best-cost strategy - what is its purpose or intent? How does a…

A: Cost Strategy is the process of selecting the way of fixing the cost of the product or service of…

Q: 2. The “five forces” model developed by Michael E. Porter has been the most commonly used analytical…

A: Porter's five forces analysis is a framework developed by Michael E. Porter to assess the…

Q: What is the firm mission statement of BMW ?

A: The mission statement of BMW is discussed as follows-

Q: I) WHY is the purchasing function experiencing an increase in strategic importance?  ii) Which…

A: Purchasing is responsible for obtaining the materials, parts, supplies and services that are…

Q: Describe the ethical dilemma faced by UNOCAL?

A: Answer - UNOCAL was in dilemma whether to invest in new project or not and finally the company has…

Q: Identify an industry in which expansionist strategy has generally been followed by most firms in the…

A: Expansion strategy include different strategy such as 1) Diversification strategy 2) Cooperation…

Q: Discuss in assay the investment opportunity for Umbrella Vending Machines (financing history, exit…

A: Vending machines are bascically automated machine that provides foods, snacks, drinks, lottery…

Q: is the core strategy of Tesla Motors

A: Tesla is an electric car manufacturer in USA run by the iconic entrepreneur Elon Musk. He created…

Q: Explain the concept of sentimental value.What type of utility is at play here?

A: Utility can be defined as the value that a customer gets from using a product. It can be referred to…

Q: Pick one good or service you would want to sell (supply) at Laguardia Community College. List and…

A: As a seller/producer, the decision to supply a product or service involves considering various…

Q: What are the top three things to think about when buying hardware?

A: Purchasing hardware can be a substantial investment, and it's essential to choose the right hardware…

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”