Question 42: Suppose that JVC is trying to decide how to price a new stereo system composed of a receive CD player, and speakers. The company's economists have estimated that three different groups will purchase these products: students, restaurant owners and club owners. The cconomists analysis suggests that the total market for its brand of stereos consists of 100 students, 150 restaurant owners, and 25 club owners. In addition, it is estimated that the maximum amount each group will pay for each stereo component is as follows: Group CD Player Speakers Receiver Students $100 $200 $125 Restaurant $200 $100 $250 owners Club owners $250 $75 $300 What is JVC's maximum revenue if it uses a commodity-bundle strategy such that the receiver, CD player, and speakers are sold as one item? Answer: Maximum revenue = Instructions: Enter your response rounded to the nearest whole number. Write down the intermediate steps on the exam sheet for partial credit.

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Columbus Inc. sells a high end hair dryer in a super competitive marketplace. As a result, market research and competitive pressures influence the determination of their selling price. Their marketing department has done a comprehensive analysis and It looks like a price of $61 would be appropriate given the present business environment. The company has a goal of earning $30 on each unit. What is the target unit cost of each hair dryer? Enter your answers without dollar signs or commas. ASUS 13 f4 E3 X 19 OLF 11 (12 3. & 4. 5 7. 8. E T. Y. F G H K t6 立

QUESTION 1 Daffodils Florist bought 50 tulips at RM8 each and 20 lilies at RM12 each. The owner wanted a net profit of 18% based on cost and operating expenses of 10% based on the cost. a) Find the selling price for each tulip and lily. b) Find the gross profit for all flowers. c) Find the breakeven price for a tulip. d) Find the maximum percentage of markdown that can be offered without incurring any loss for tulips.

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Question 20 Which of the following is an example of psychological pricing? A Having a low price for a basic product such as a printer whilst having high price on printer ink. B Setting a low price of E10 for 2 bottles of wine that would usually cost E6 each. C Setting the highest possible price for a new games console whilst it's in it's introduction stage. D Having a boxing day sale event running from 26th December to 31st December on Sofas.

Highlight T Strikethrough Calculator Scratch Pad Pillar Co makes decorative candles which are made from a special organic blend of beeswax, botanical wax and scented oils. Currently Pillar Co only sells its candles in its domestic market. The company has collected the data relating to sales of its 90 gram Honey Bee candle, which is very popular in Pillar Co's home country of Zedland. This pricing analysis is as follows: Variable cost per unit Price per unit ($) 5 Quantity sold ('000 units) Fixed cost per unit 100 ($) 2.00 2.00 ($) 4.00 6 96 4.17 92 2.00 4.35 88 2.00 4.55 2.00 4.76 84 80 10 2.00 5.00 Pillar Co is reviewing its pricing strategies and has decided to use the information relating to the Honey Bee candle to assess some of the company's possible pricing decisions. 7 8 9 Time Remaining 02:11:41 21 of 34 Close All P Flag for Review After the pricing analysis was complete, Pillar Co decided to apply a pricing strategy of variable cost PLUS 400% for the Honey Bee candle. What…