Maximization strategy - Study guides, Class notes & Summaries

what is a narrow definition for price? - Answer- price is the *amount of money* charged for a product or service what is a more broad definition for price? aka price = ________. - Answer- price is the *sum* of all the *values that consumers exchange* for the *benefits of having or using the product* price = SACRIFICE there is a pair of boots sold on Amazon and at Dillard's for $88 with the same tax and no shipping. are they the same price? <-- what question are we really asking here?...

What is marketing? - Answer-Product development to satisfy unmet consumer needs Great Marketing (3 things) - Answer-1. Develop products that people want or need 2. Price them at a level that maximizes profits 3. Distribute them to where consumers are Marketing Defininition - Answer-The process by which companies determine what products or services may be of interest to customers and the strategy to use in sales, communications and business development Simple Trade Era - Answer-(Pre-1860'...

FIN 3403 PRINCIPLES OF BUSINESS FINANCE TEST BANK WITH ALL CHAPTERS COVERED WITH CORRECT ANSWERS. 1.1 Finance: An Overview 1) Which of the following statements best represents what finance is about? A) How political, social, and economic forces affect corporations B) Maximizing profits C) The study of how people and businesses make investment decisions and how to finance those decisions D) Reducing risk 2) From a financial point of view, a company that decides to develop new product ...

Revenue - ANSWER-The total amount of sales achieved in a specified time period Revenue is calculate as: - ANSWER-Number of Units Sold x Unit Price Effective managers of an organization's revenues MUST do three things - ANSWER-1. Understand the importance of revenue management 2. Understand the many complex factors that influence revenue management strategy and tactics 3. Become better at making revenue management decisions than their competitors Proft Formula - ANSWER-Revenue - Exp...

Conduct can be clearly unethical and morally reprehensible, but still be legal. a. True b. False correct answers a. True The majority of employees say that they would leave their current position to work for a company with a good reputation. a. True b. False correct answers a. True The Dodd-Frank Act requires public companies to disclose the compensation ratio between CEOs and other employees. a. True b. False correct answers b. False When deciding whether to implement a busine...

Revenue - Correct Answer The total amount of sales achieved in a specified time period Revenue is calculate as: - Correct Answer Number of Units Sold x Unit Price Effective managers of an organization's revenues MUST do three things - Correct Answer 1. Understand the importance of revenue management 2. Understand the many complex factors that influence revenue management strategy and tactics 3. Become better at making revenue management decisions than their competitors Proft Formul...

WGU C214 Financial Management Test Bank | More than 200 Questions and Verified Answers| 100% Correct | 2023/ 2024 Updated QUESTION What is the most effective use of financial statements in valuing a stock? a. Use the book value of equity on the balance sheet b. Use GAAP earnnings c. Use data to estimate future earnings d. Read the footnotes Answer: c QUESTION If market interest rates rise, what impact does it have on a given bond? a. Its price decreases b. It will h...

Which of the following statement's is true of lobbying in the United States? - D: It is an essential ingredient in big business strategy Which of the following is an argument put forth by the liberal wing of the Supreme Court in the Citizens United case? - B: Limiting corporate campaign contributions would violate corporate free speech rights The 501(c) 4 groups are particularly attractive because: - A: Contributors' names need not be disclosed Free markets are more efficient decision m...

COB 487 2023 Exam Questions with Correct Answers Strategy implementation can be the most difficult part of the strategic management process. Which of the following is not likely to be a cause of implementation failure? - Answer-competition The innovation paradox implies that consistency in products and services provokes a tension with the need for new products. This results in a conflict between - Answer-stability and change. The four key attributes of strategic management include the id...

"Optimally foraging" children, seeking to sell water, should all stand on the same side of the road. - False A beaver makes a dam which creates habitat for a species of fish - commensalism A cow eats grass - exploitation A gopher digs a hole in a patch of grass amensalism - amensalism A hummingbird pollinates a flower while it ingests nectar - mutalism A metapopulation: - Refers to patchiness in a population that allows it to function like many connected smaller subpopulations. A nich...