Define the concept of a percentage

Q: Prove that the following are organizations: McDonalds School A sports team

A: The business system works for the purpose of serving the commercial needs of the market. It is…

Q: Porter’s Five Forces Model (at least 5 each factor) in a corn company

A: Porter five force model:- The Porter Five Forces Framework is a technique for analysing the…

Q: explain the meaning of the following concepts  Financial Program Commercialization Decline Stage…

A: 1. Financial Program- This is a finance term that expresses two related activities. It is the study…

Q: management of the farm business

A: Farm businesses generally represent business practices that are not advanced and technology-based.…

Q: Explain the term Users?

A: User: It means the person who uses the product or services offered by the producer of product or…

Q: Explain the term Purchasing officers?

A: The role of procurement departments in nurturing the financial health of organizations cannot be…

Q: What do most U.S. consumers do online?

A: Most U.S. customers shop online.

Q: Give an example of on-demand marketing?

A: Marketing is the primary activity for any company along with production. Production helps to create…

Q: Define selective distribution?

A: Distribution channels includes a retailer, wholesaler or manufacturer. A wholesaler is the one who…

Q: Model of Marketing roles in Circular Flow

A: The circular flow can be explained as an economic framework in which significant transactions are…

Q: Why would consumers try to avoid food waste ?

A: The  consumer are  the only people for whom the business activities are performed. It means they are…

Q: What is market mix

A: A marketing mix is a necessary tool that serves to promote the products of the company. A marketing…

Q: PEROSNAL CENTERED PLANNING

A: Person-centered planning is a process that helps individuals with disabilities or special needs to…

Q: Explain compensating differential

A: An organization consists of various employees who work together for the purpose of fulfilling…

Q: Define the term Analytics and explain its types providing some examples of each.

A: Analytics is the systematic computational analysis of data or statistics. It involves the use of…

Q: What are the determinants for an individual demand

A: In an economy, supply and demand describes the direct link between what producers provide and what…

Q: what are  the tools or model normally used in analysing industry forces

A: Michael Porter created the five forces model of the investigation to dissect the serious climate in…

Q: Define the term on-demand marketing?

A: Marketing practice involves mixture of product, price, place and promotion elements to ensure…

Q: Explain the term Approach?

A: Approach means a way of looking at any incident or happening. Approach is very important in any…

Q: What is buying and selling of goods. Explain

A: Goods are the commodities that satisfy human requirement by providing utility. Generally, goods are…

Q: Explain the term Divisibility?

A: In math, a number is divisible by another number if the remainder is zero.

Q: Explain 4 Target Customers for the Company Amazon

A: Amazon is a huge Internet-based enterprise that sells books, movies, music, housewares, toys,…

Q: What is purchasing function  in supply chain What  What is marketing function in supply chain…

A: Purchasing Function in Supply Chain:The purchasing function in supply chain management refers to…

Q: define producer product

A: A seller is a party that offers to make a sale to a potential buyer. Sellers usually sell goods and…

Q: Classify consumer products?

A: Consumer products are those products that are sold to the consumers for final consumption or use.…

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.”