Question 4 Which of the following could be the cross-price elasticity of demand for two goods that are complements? O c. 1.3 a.-1.3 b. 0.2 d. 2
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- Q 7. A marketer of innovative high tech products choose market skimming pricing ratherthan market penetration pricing when launching a new product. Critically examine the statement and alsoCompare and Contrast market skimming and market penetration pricing strategies.QUESTION 2 Using the Areeda-Turner test, a competition authority risks making a type II error, that is, not prosecuting predatory pricing when the dominant firm prices above costs. O True O FalseQ7. of price cwts always leads to higher sales yolumes ?
- Q7. of o higher sales yolumes ? price cuts always leads toA price skimming strategy is most often used for a new product when: Question 43 options: a) its supply is greater than its demand. b) competition in the market is abundant. c) customers are unwilling to spend a large amount of money on the product. d) the product is perceived by the target market as having unique advantages.QUESTION 1. The CEO of Talk Ltd, Ms Andi, has made an observation about the pricing of products and seeks youradvice as the organisations Management Accountant. Ms Andi has noticed that despite three steepprice increases to products over the last 12 months, customers have not been deterred and sales arestronger than ever before. Explain to the CEO Ms Andi why this could be the case.
- Q3) Pricing in practice are influenced by the following, except a. customer demand b. competitor's action c. predatory pricing d. discretionary pricing* 00 R 品 Miles is considering buying a new pickup truck for his lawn service firm. The economy in town seems to be growing, and he is wondering whether he should opt for a subcompact, compact, or full-size pickup truck. The smaller truck would have better fuel economy, but would sacrifice capacity and some durability. A friend at the Bureau of Economic Research told him that there is a 30% chance of lower gas prices in his area this year, a 20% chance of higher gas prices, and a 50% chance that gas prices will stay roughly unchanged. Based on this information, Miles has developed a decision table that indicates the profit amount he would end up with after a year for each combination of truck and gas prices. States of Nature Lower gas Gas prices Higher gas Alternatives prices unchanged prices Subcompact 000ʻ9 000'6 000ʻ Compact 15,000 Full size 000'6, 000'9 gooʻ'r Probability 0.5 0.2 Which type of truck should Miles select based on Maximin Criterion? MacBook Air 000 000 DD F2 F4 F5 F7…Q.5: Write short notes on the following with examples. Skimming and penetration pricing strategy
- Q1. Telecommunication market in Singapore, comparing each film (Singtel vs M1 vs Starhub vs others): With the comparison above present the latest pricing information that identifies at least two pricing strategies (second- degree discrimination, third-degree price discrimination, versioning, bundling, tying)Question 1Explain Vernonâs product cycle in terms of the global development of the market for pharmaceuticals and software and the development of the Indian drug and software industries.Question 2Explain Porterâs Diamond and how Nokiaâs development as an international mobile telcom company illustrates it.Question 3Large MNEs dealing in multiple markets constantly face exchange rate issues that if not properly managed can have severe adverse consequences. Explain how the VW and JAL cases illustrate this point and how they could have better managed their exposures.Question 4Explain Absolute, Comparative and Competitive Advantage and how Intel and Toyota are examples of all three concepts.Question 5Explain briefly the US Foreign Corrupt Practices Act, why it applied to a foreign company such as Siemens, Siemensâ corrupt practices, how it was caught and prosecuted, and how and…Question 8 If the cross-price elasticity of two goods is positive, then the two goods are a. substitutes. b. complements. c. normal goods. d. inferior goods.