Business
Business, 20.12.2019 07:31, jayjayw64

You are the marketing manager for a multi-state auto dealership in the midwest. it is that time of year when your fleet of autos goes through major model year changes. you are putting the final touches on your pricing strategy to facilitate getting your inventory of autos low enough to make room for the new models.
what is the practical problem involved in using your current sales and commission data to make pricing decisions? what pricing strategy solution would best address that problem?
1. problem: you have a clearer knowledge of the supply side of the pricing equation than you do of the demand side. solution: periodic discounting to keep pace with demand.
2. problem: you are committed to the idea of maximizing profits for last year's models. solution: increase the price of last year's models, emphasizing their future unavailability.
3. problem: your current sales and commission data are hard to quantify to formulate a pricing strategy. solution: when a potential customer appears interested, formulate an individualized price for that person.
4. problem: you are committed to the idea of maximizing profits for next year's models. solution: keep the prices of last year's model the same, so that the new model's prices look more desirable.
5. problem: your commissions add to the cost of the cars, decreasing their attractiveness as bargains. solution: eliminate your commissions to reduce inventory.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 05:30, tommyaberman
Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited
Answers: 2
image
Business, 22.06.2019 08:10, toxsicity
Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work
Answers: 1
image
Business, 22.06.2019 10:00, ladnerhailey16
You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?
Answers: 2
image
Business, 22.06.2019 15:30, Pooh1189
Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered
Answers: 2
Do you know the correct answer?
You are the marketing manager for a multi-state auto dealership in the midwest. it is that time of y...

Questions in other subjects:

Konu
Mathematics, 21.04.2021 22:50
Konu
Spanish, 21.04.2021 22:50