UNDERSTANDING BUSINESS CONNNECT ACCESS
12th Edition
ISBN: 9781264402458
Author: Nickels
Publisher: INTER MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 14, Problem 4CE
Summary Introduction
To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction: Cost estimators’ job is to collect data that can help to find out the cost of a particular thing, that thing can be a new building, product or any service.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Prices can vary depending on many factors including the market andnovelty. Etsy allows anyone to sell goods that they’ve made in its onlinemarketplace. Go to www.etsy.com to learn more about Etsy. Then,search its sellers’ shops to find an item in which you are interested.Now, go to www.amazon.com and search for a similar item. DoesAmazon offer the same or similar product? Are there price differencesbetween Etsy and Amazon? How do Etsy and Amazon communicatevalue?
With most companies, some customers are more valued or profitable for the firm than others. This is valuable information for a company—they can then better direct marketing and other efforts related to reaching and serving the most profitable part of its customer base.
Discuss the type of costing you believe should be employed by a service firm to best help them to ascertain customer profitability.
When shopping for a new car, which of the following should be the first step in the buying process?
Calculate how much you can afford.
Shop for a loan.
Determine your transportation need.
Obtain an estimate for auto insurance.
Chapter 14 Solutions
UNDERSTANDING BUSINESS CONNNECT ACCESS
Ch. 14.1 - Prob. 14.1AQCh. 14.2 - Prob. 14.2AQCh. 14.2 - Prob. 14.2BQCh. 14.2 - Prob. 1TPCh. 14.2 - Prob. 2TPCh. 14.2 - Prob. 3TPCh. 14.2 - Prob. 4TPCh. 14.3 - Prob. 14.3AQCh. 14.3 - Prob. 1MEDCh. 14.4 - Prob. 5TP
Ch. 14.4 - Prob. 6TPCh. 14.4 - Prob. 7TPCh. 14.4 - Prob. 8TPCh. 14.5 - Prob. 14.5AQCh. 14.6 - Prob. 9TPCh. 14.6 - Prob. 10TPCh. 14.6 - Prob. 11TPCh. 14.6 - Prob. 12TPCh. 14.7 - Prob. 14.7AQCh. 14.7 - Prob. 14.7BQCh. 14.7 - Prob. 13TPCh. 14.7 - Prob. 14TPCh. 14.7 - Prob. 15TPCh. 14 - Prob. 1CECh. 14 - Prob. 3CECh. 14 - Prob. 4CECh. 14 - Prob. 1CTCh. 14 - Prob. 2CTCh. 14 - Prob. 3CTCh. 14 - Prob. 4CTCh. 14 - Prob. 1DCSCh. 14 - Prob. 2DCSCh. 14 - Prob. 3DCSCh. 14 - Prob. 4DCSCh. 14 - Prob. 1PPTCh. 14 - Prob. 2PPTCh. 14 - Prob. 3PPTCh. 14 - Prob. 4PPTCh. 14 - Prob. 1VCCh. 14 - Prob. 2VCCh. 14 - Prob. 3VC
Knowledge Booster
Similar questions
- As a computer manufacturer, you face the daunting challenge of catering to consumers' needs for affordable products without sacrificing quality or performance. Provide us with details on the method you'd use to produce high-quality equipment at affordable pricing.arrow_forwardSuppose you have been asked by a food company to design an experiment that examines consumers’ purchase intentions toward their product (i.e., cereals), as a result of their recent pricing strategies (i.e., low price, high price) and product quality (i.e., organic offerings, nonorganic offerings) strategies. Basically, they would like to know the best combination of product quality offering and pricing strategy that yields the highest levels of consumers’ purchase intentions. How would this experiment look like? When working on this assignment, you should consider the following: Subjects: The experiment participants should be customers who consume significant breakfast cereals and are diverse in terms of income group, age group and work type. Experimental conditions: Independent variables – quality (categorical), price Dependent variable – Propensity to pay Effects: The main effect shall be impact of independent variables on propensity to pay such as how much affect does quality or…arrow_forwardBe prepared to discuss the following, supporting your arguments with biblical principles that apply: How to set prices that are just and fair that allow firms to pay employees well, but still make a profit. How to advertise and promote one’s product/service in a way that truly represents the value/performance of the product/service.arrow_forward
- Thinking about the hotel industry, I'm wondering does the hotels use long run pricing or short run pricing in business?arrow_forwardLook up the following site to evaluate restaurants’ pricing strategies based on reviewers’ perceptions of service levels, guest type, product quality, ambiance, location, and much more! www.zagat.com First, choose a city. Then click on your specific restaurant criteria or just click on “Most Popular.” Then click on any restaurant for a review that includes a features list, reviewers’ ratings, prices, and much more! Look at several restaurant reviews. Evaluate whether you think the menu prices and the features/review are a “good fit,” in your opinion. Spend about 30 minutes viewing this site!arrow_forwardYou have recently been appointed as the marketing manager of a 100-room hotel located in the central business district (CBD) of a major city. You are shocked when you are told by the Chief Operating Officer (CEO) that the hotel does not employ revenue management. You have read that a revenue management pricing strategy applied in the hotel context can increase revenues by up to 17%. You immediately call a meeting so that you have an opportunity to: a) briefly outline how revenue management works in the hotel industry; and b) convince management of the benefits of implementing a revenue management strategy. What would you discuss in such a meeting?arrow_forward
- Given the scenario below and your study of pricing as an element of the marketing mix, determine whether or not you should make the deal described. Make the relevant calculations regarding revenue and profit as well as variable and fixed costs. What should you charge if you make the deal? Should you make the deal? The four questions at the end of the scenario will also guide you. Make your own calculations and decisions and comment on your classmates' decisions here in this discussion. Make your initial post early in the week and post on at least three different days to make this a real conversation! See rubric for additional detail. Scenario: Assume you are the marketing manager for a large sales training company. Over many years, your firm has developed a unique set of sales training techniques. Income is made by sending in sales trainers to firms such as insurance companies and real estate agencies to help train their salespeople. The firm typically runs three day courses and…arrow_forwardHow do firms use information about price elasticity to predict consumer behavior?arrow_forwardLook at some real estate want ads in your newspaper. Enter the price of a two-bedroom home and a three-bedroom home. If you find some abbreviations you do not understand, ask your teacher.arrow_forward
- Think about starting a career in the field of selling computer gear. You believe that recently graduated college students have the most potential for sales of mainframe computers, supercomputers, or high-volume storage solutions. Why? Which of the following do not constitute advantages associated with working in the computer hardware sales industry?arrow_forwardThink about the last time you went to a shop, and consider how many different products there were to choose from, all of which have different prices Explain how pricing affects you as a consumer. Include the following details: An example of a time when you were faced with two identical or similar options and chose the cheaper option and explain why; If there are any products or services you feel you cannot compromise on price for, and why or why not; and How pricing affects your satisfaction with a product or service.arrow_forwardFind a solution to the problem that goes beyond just minimizing cost. Prepare a short write-up that describes the process you went through to find your solution and that justifies why you think it is a good solution.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
