Running head: OPERATIONS DECISION 1
OPERATIONS DECISION 9
Operations Decision
Professor Kornilov
Managerial Economics and Globalization
February 14, 2014
There are many options of foods with low-calorie in the market. With the rise in income people can now use microwaves to cook instead of traditional cooking methods. The rise of microwaves has led to rise in food items. Having a variety of products available one can target on healthy choices of microwavable foods. For a type of food to be considered health it should contain sources of proteins, 600 milligrams of sodium and 3 grams of fiber for satiety purposes. Manufacturers of these options include Lean Cuisine and Healthy Choice. Both of these companies are competitors in frozen food markets. Lean Cuisine started in the year 1981 under the ownership of Nestle and has expanded its markets in Canada, US, and Australia and it offers variety of frozen foods and a leading choice for low-calorie s. Healthy Choice is another choice for low-calorie foods the product produced by ConAgra. Healthy Choice are the biggest opponents of Lean Cuisine (Schlosser).
These two companies have two strategies for pricing which are penetration pricing and skimming pricing. A penetration pricing is involved with low initial prices to encourage a large number of customers to try the product. The companies’ hopes are to sell large volumes in order to generate high revenues. New varieties of food stuffs are often introduced at low opening prices. A company does not utilize a high strategy for such products. This initial low price of the product is often combined with samples, advertising, coupons and other special incentives in order to increase awareness of the product and customers to try it. Companies start to make profits when more units start to be sold. The company can also experience profits when there is expansion of product distribution that lead to increase in profits.
The pricing strategy which involves setting high initial prices for food products to get back the investment spend on the product is called skimming pricing strategy. This market involves customers who are not price sensitive or those that adapted with the product long time ago.
For a company to gain enormous profits, then its product must have been accepted in the market place. The profitability stage of a company is characterized by higher profits which attracts more competitors who enter the market very quickly. A company must ensure the availability of its product whenever a customer needs it otherwise it will lose the customer to its competitors. The best plan to assess the effectiveness of the company’s performance include laying down the companies goals which are to make the maximum profits while incurring the low costs, also ensuring that the frozen food prod.
First partBegin with a brief narrative description how the plan .docxvoversbyobersby
First part
Begin with a brief narrative description how the plan budget will achieve profitability.
Part two
Gaining approval from the company leadership often depends on the allocation of the marketing plan budget. Show that you know how to spend it wisely.
B2C Objective: Become preferred brand and to increase customer loyalty to our product lines amongst:
· Young Adults (business/career builders)
· Children
· Young Families
Goals:
Tactics:
Budget:
Timetable:
Responsibilities:
1) increasing market penetration to 80%
1. Increase the number of direct sales force and in-house sales personnel who support the retail channels by 20%
2. Increase b2c advertising by 10% each
3. Lower the prices of cold medicine and make it affordable to the target groups
1.
$25M
2. 39M
3. N/A
Christopher
Anita
Yasser
2) increase usage of cold medicine to 3.0 bottles/period among the preference groups
1. Offer volume discounts of 15-40% of the manufacturer’s suggested retail price and promotional allowance of 10-20 percent
2. Spend $20 million dollars on all round's advertising campaign, mainly for commercials aired on network television.
3. Increase competitive advertising budgets
1.
35M
2. $20M
3. 39M
Yasser
Mohammed
Anita
3) increase the demand for cold medicine
1. Reviewing and tracking competitors’
marketing mix decisions, performance, and resources
2. Understanding what benefits the customer is seeking, how they learn about products, what their motivation for purchasing is, where they buy the product, what they consider when choosing a product, and the like
3. Determine the current and future size of the market in units and dollars through market research
n/a
N/a
2. $100,000
Mohammed
Anita
Christopher
B2B Objective: Claim a larger market share over specific channels with shelving
· Supermarkets
· Pharmacies
Goals:
Tactics:
Budget:
Timetable:
Responsibilities:
1) increase gross margin of All round from $145.3 million, to $172.3 million.
1. Reduce advertising and promotional expenses
2. Minimize sales force and administrative costs
3. Reduce the purchasing of marketing research
1. 24M
2. 5M
3. 10M
2) Outshine the competitors in the industry like supermarkets and pharmacies
1. Understanding the dynamics of market competition
2. Discern competitors’ strategies
3. Changing the advertising decisions to increase the market share.
1. n/a
2. n/a
3. n/a
3) to maintain long-term profitability and market share in an increasingly competitive and changing environment
1. Embrace skillful marketing which will be pivotal to the long-term success of all-star brands.
2. Assign each member separate assignments, but all are concerned with the performance of the Allround brand and any new brands that might be forthcoming.
3. Make proper decisions in the areas of product choice, distrib ...
The document provides an overview of marketing strategy and how businesses can adapt their marketing mix to changing environments. It discusses how the marketing mix elements (product, price, place, promotion) work together to achieve marketing objectives and how they must be balanced based on competitive pressures. The document also explains how businesses adapt their marketing mix to meet changing customer needs, new technologies, and different business sizes. Adaptations may include new products, pricing changes, expanded distribution channels, and altered promotional strategies. An effective marketing mix is consistently adapted to suit the business climate.
This document discusses pricing strategies over the different stages of a product's life cycle. It covers the introduction, growth, maturity, and decline stages. In the introduction stage, pricing strategies like skim pricing are used to target early adopters. In growth, prices may be lowered to attract more customers. Maturity brings increased competition, so differentiation and cost leadership are important. As demand declines, firms may adopt strategies like retrenchment, harvesting, or consolidation. The document provides examples and considerations for pricing in each life cycle stage.
Types Of Pricing Models For All Types Of Businesses PowerPoint Presentation S...SlideTeam
This complete deck can be used to present to your team. It has PPT slides on various topics highlighting all the core areas of your business needs. This complete deck focuses on Types Of Pricing Models For All Types Of Businesses PowerPoint Presentation Slides and has professionally designed templates with suitable visuals and appropriate content. This deck consists of total of fourty one slides. All the slides are completely customizable for your convenience. You can change the colour, text and font size of these templates. You can add or delete the content if needed. Get access to this professionally designed complete presentation by clicking the download button below. https://bit.ly/2CGEMnZ
12Week 6 Assignment 2In this essay I will discuss my.docxjesusamckone
1
2
Week 6 Assignment 2
In this essay I will discuss my opinion of General Mills greatest strengths and weaknesses. I will choose a way of strategy that the corporation should take to maximize their strengths along with explaining the steps they should take. Two segments of the general environment that has a high influence within the company will be addressed on how it affects General Mills. This essay will also evaluate two forces of competition that is important to General Mills. You will see my evaluation of the greatest external threats and greatest opportunity and explain how they should address them as well.
General Environment
The political environment is significant to the operations of general mills. New regulations regulating food quality standards is a significant threat to company operations. The high standards required for food products by the USA regulations may lead to the company dropping some of its brands which cannot meet the desired standards. Other political issues include changes in tax policies that may lead to higher taxes and reduction in the company’s operating profits. Such regulations can lead to the closure of firms in the industry as many cannot meet high standards and generate enough profits to offset high taxes at the same time.
The economic environment in which the company operates is characterized by rapid changes majorly on the consumer’s incomes which destabilizes their purchasing power hence the company sales. Inflationary trends in the USA are a cause for worry as they lead to rising input prices that often increase the firms operating costs (Green, 2017. The higher interest rates on borrowed capital also increase the company’s operating expenses hence adversely affecting the firm’s cash flows. This is also the case for other firms in the industry as adverse economic situations lead to low sales, high operation cots and small profits to the firms with some tending to operate on losses.
Five Forces of Competition
Item 1
One significant force of completion threatening the general mill's success and continued existence in the industry is the new entrants into the food industry. There are new upcoming industries interested in food processing which often comes with new brands into the market. The new firm's brands threaten the already existing products in the market as they may have a new feature which may lead to general mills losing customers and a significant market share to the new firms. Existence of many substitutes in the market is a considerable threat to the company (Hill, Schilling, & Jones, 2016). Customers often shift to various alternatives in case there is inflation is selling prices of general mills products. It is, therefore, right to argue that the selling prices of general mills products are dictated by the forces of demand and supply. Firms which set lower prices for their products often threaten the general mill's sales as they compete for customers forcing general mills to operate.
Blue Team Part 2 Assignment Score -11 pts. (14 out of 25 points).docxAASTHA76
Blue Team Part 2 Assignment Score: -11 pts. (14 out of 25 points)
Note, by making the corrections to the mistakes shown below, you may recapture ½ of the points lost. Due by Friday at midnight.
Strengths
· Our brand formulation covers a variety of fields with our diverse use of ingredients, no other brand compares.
· Having the highest brand awareness, trials, frequency of purchases, and conversion ratio plays to our advantage as the top dog in the market.
· Through our brands recognition, effectiveness, and loyalty in the market we are able to control the price of our products more freely allowing us to out compete our rivals and maintain price leadership (in controlling cost of medication without fear of hurting our profits). Good list of Strengths. -0 pts.
Weaknesses
· Alcohol Based product denies some markets (children, young families).
· Our retention ratio is lower than desired – we need to establish a stronger and more reliable following.
· Lack of direction in advertising at the moment – we have only recognized our rivals we have not decided what we will do as a company whether it be spread consumer awareness more, push or pull strategy, etc.
· Unsure if we will stick with BMW or go to S&R or LLC for our advertising agencies.
Good list of Weaknesses. -0 pts.
Opportunities
· We can possibly take the alcohol aspect out of our formula so that it is more family friendly and people can take it during the day without worrying about becoming drowsy.
· Changing our formula to a capsule brand over a liquid for easy travel.
· Cold medication has seen the largest growth in market share at 6.6% so we should capitalize on pushing an intensive marketing strategy to bring in the most profit. In other words, we do not necessarily have to focus on other markets except cold medication.
Threats
· Besthelp controls the second largest share in cold medication (they use a 4 hour capsule strategy – more on the go friendly).
· B&B as a company covers multiple markets in allergy and cold while Allstar Brand (us) only cover multi-symptom cold. Our market is not necessarily narrow but it is not as specified or broad as some of the other competitors.
· Ethik Incorporated may be one of the biggest threats overlooked in terms of market shares because they have stakes in three markets and may be looking to expand further into ours.
1)
The 3rd Opportunity in the SWOT analysis is written correctly from an external, market perspective. The other two are written from an internal perspective, but should be re-written to show how the market is providing opportunities. (Opportunities and Threats are externally generated and should be expressed as such.) Example: “Increased consumer demand for cold products that work with different lifestyles provides an opportunity to add a capsule version for easy travel.” -3 pts.
The Threats ARE written from an external perspective. -0 pts.
2) Place
All-round products have adapted both the direct a ...
Pricing , penetration or skimming model of pricingAlan Cherian
The document discusses various pricing strategies that companies can use including penetration pricing, premium pricing, price skimming, economy pricing, and psychological pricing. It provides details on penetration pricing, including that it aims to capture market share by entering with a low price. While it can help with adoption and word-of-mouth initially, it can also establish long-term low price expectations that are difficult to raise later. Price skimming is described as launching a new product at a high initial price to earn high profits before gradually lowering costs over time. The advantages include high margins for cost recovery but disadvantages include increased competition and potentially limiting sales.
The marketing mix consists of 4 key elements - product, price, promotion and place. The document defines the levels of a product as the core, actual and augmented product. It explains how the product life cycle helps analyze how products emerge, grow, stabilize and decline over time through the stages of development, introduction, growth, maturity and decline. It also discusses the benefits of having a good product mix and ways to extend the life cycle of a product through various strategies.
First partBegin with a brief narrative description how the plan .docxvoversbyobersby
First part
Begin with a brief narrative description how the plan budget will achieve profitability.
Part two
Gaining approval from the company leadership often depends on the allocation of the marketing plan budget. Show that you know how to spend it wisely.
B2C Objective: Become preferred brand and to increase customer loyalty to our product lines amongst:
· Young Adults (business/career builders)
· Children
· Young Families
Goals:
Tactics:
Budget:
Timetable:
Responsibilities:
1) increasing market penetration to 80%
1. Increase the number of direct sales force and in-house sales personnel who support the retail channels by 20%
2. Increase b2c advertising by 10% each
3. Lower the prices of cold medicine and make it affordable to the target groups
1.
$25M
2. 39M
3. N/A
Christopher
Anita
Yasser
2) increase usage of cold medicine to 3.0 bottles/period among the preference groups
1. Offer volume discounts of 15-40% of the manufacturer’s suggested retail price and promotional allowance of 10-20 percent
2. Spend $20 million dollars on all round's advertising campaign, mainly for commercials aired on network television.
3. Increase competitive advertising budgets
1.
35M
2. $20M
3. 39M
Yasser
Mohammed
Anita
3) increase the demand for cold medicine
1. Reviewing and tracking competitors’
marketing mix decisions, performance, and resources
2. Understanding what benefits the customer is seeking, how they learn about products, what their motivation for purchasing is, where they buy the product, what they consider when choosing a product, and the like
3. Determine the current and future size of the market in units and dollars through market research
n/a
N/a
2. $100,000
Mohammed
Anita
Christopher
B2B Objective: Claim a larger market share over specific channels with shelving
· Supermarkets
· Pharmacies
Goals:
Tactics:
Budget:
Timetable:
Responsibilities:
1) increase gross margin of All round from $145.3 million, to $172.3 million.
1. Reduce advertising and promotional expenses
2. Minimize sales force and administrative costs
3. Reduce the purchasing of marketing research
1. 24M
2. 5M
3. 10M
2) Outshine the competitors in the industry like supermarkets and pharmacies
1. Understanding the dynamics of market competition
2. Discern competitors’ strategies
3. Changing the advertising decisions to increase the market share.
1. n/a
2. n/a
3. n/a
3) to maintain long-term profitability and market share in an increasingly competitive and changing environment
1. Embrace skillful marketing which will be pivotal to the long-term success of all-star brands.
2. Assign each member separate assignments, but all are concerned with the performance of the Allround brand and any new brands that might be forthcoming.
3. Make proper decisions in the areas of product choice, distrib ...
The document provides an overview of marketing strategy and how businesses can adapt their marketing mix to changing environments. It discusses how the marketing mix elements (product, price, place, promotion) work together to achieve marketing objectives and how they must be balanced based on competitive pressures. The document also explains how businesses adapt their marketing mix to meet changing customer needs, new technologies, and different business sizes. Adaptations may include new products, pricing changes, expanded distribution channels, and altered promotional strategies. An effective marketing mix is consistently adapted to suit the business climate.
This document discusses pricing strategies over the different stages of a product's life cycle. It covers the introduction, growth, maturity, and decline stages. In the introduction stage, pricing strategies like skim pricing are used to target early adopters. In growth, prices may be lowered to attract more customers. Maturity brings increased competition, so differentiation and cost leadership are important. As demand declines, firms may adopt strategies like retrenchment, harvesting, or consolidation. The document provides examples and considerations for pricing in each life cycle stage.
Types Of Pricing Models For All Types Of Businesses PowerPoint Presentation S...SlideTeam
This complete deck can be used to present to your team. It has PPT slides on various topics highlighting all the core areas of your business needs. This complete deck focuses on Types Of Pricing Models For All Types Of Businesses PowerPoint Presentation Slides and has professionally designed templates with suitable visuals and appropriate content. This deck consists of total of fourty one slides. All the slides are completely customizable for your convenience. You can change the colour, text and font size of these templates. You can add or delete the content if needed. Get access to this professionally designed complete presentation by clicking the download button below. https://bit.ly/2CGEMnZ
12Week 6 Assignment 2In this essay I will discuss my.docxjesusamckone
1
2
Week 6 Assignment 2
In this essay I will discuss my opinion of General Mills greatest strengths and weaknesses. I will choose a way of strategy that the corporation should take to maximize their strengths along with explaining the steps they should take. Two segments of the general environment that has a high influence within the company will be addressed on how it affects General Mills. This essay will also evaluate two forces of competition that is important to General Mills. You will see my evaluation of the greatest external threats and greatest opportunity and explain how they should address them as well.
General Environment
The political environment is significant to the operations of general mills. New regulations regulating food quality standards is a significant threat to company operations. The high standards required for food products by the USA regulations may lead to the company dropping some of its brands which cannot meet the desired standards. Other political issues include changes in tax policies that may lead to higher taxes and reduction in the company’s operating profits. Such regulations can lead to the closure of firms in the industry as many cannot meet high standards and generate enough profits to offset high taxes at the same time.
The economic environment in which the company operates is characterized by rapid changes majorly on the consumer’s incomes which destabilizes their purchasing power hence the company sales. Inflationary trends in the USA are a cause for worry as they lead to rising input prices that often increase the firms operating costs (Green, 2017. The higher interest rates on borrowed capital also increase the company’s operating expenses hence adversely affecting the firm’s cash flows. This is also the case for other firms in the industry as adverse economic situations lead to low sales, high operation cots and small profits to the firms with some tending to operate on losses.
Five Forces of Competition
Item 1
One significant force of completion threatening the general mill's success and continued existence in the industry is the new entrants into the food industry. There are new upcoming industries interested in food processing which often comes with new brands into the market. The new firm's brands threaten the already existing products in the market as they may have a new feature which may lead to general mills losing customers and a significant market share to the new firms. Existence of many substitutes in the market is a considerable threat to the company (Hill, Schilling, & Jones, 2016). Customers often shift to various alternatives in case there is inflation is selling prices of general mills products. It is, therefore, right to argue that the selling prices of general mills products are dictated by the forces of demand and supply. Firms which set lower prices for their products often threaten the general mill's sales as they compete for customers forcing general mills to operate.
Blue Team Part 2 Assignment Score -11 pts. (14 out of 25 points).docxAASTHA76
Blue Team Part 2 Assignment Score: -11 pts. (14 out of 25 points)
Note, by making the corrections to the mistakes shown below, you may recapture ½ of the points lost. Due by Friday at midnight.
Strengths
· Our brand formulation covers a variety of fields with our diverse use of ingredients, no other brand compares.
· Having the highest brand awareness, trials, frequency of purchases, and conversion ratio plays to our advantage as the top dog in the market.
· Through our brands recognition, effectiveness, and loyalty in the market we are able to control the price of our products more freely allowing us to out compete our rivals and maintain price leadership (in controlling cost of medication without fear of hurting our profits). Good list of Strengths. -0 pts.
Weaknesses
· Alcohol Based product denies some markets (children, young families).
· Our retention ratio is lower than desired – we need to establish a stronger and more reliable following.
· Lack of direction in advertising at the moment – we have only recognized our rivals we have not decided what we will do as a company whether it be spread consumer awareness more, push or pull strategy, etc.
· Unsure if we will stick with BMW or go to S&R or LLC for our advertising agencies.
Good list of Weaknesses. -0 pts.
Opportunities
· We can possibly take the alcohol aspect out of our formula so that it is more family friendly and people can take it during the day without worrying about becoming drowsy.
· Changing our formula to a capsule brand over a liquid for easy travel.
· Cold medication has seen the largest growth in market share at 6.6% so we should capitalize on pushing an intensive marketing strategy to bring in the most profit. In other words, we do not necessarily have to focus on other markets except cold medication.
Threats
· Besthelp controls the second largest share in cold medication (they use a 4 hour capsule strategy – more on the go friendly).
· B&B as a company covers multiple markets in allergy and cold while Allstar Brand (us) only cover multi-symptom cold. Our market is not necessarily narrow but it is not as specified or broad as some of the other competitors.
· Ethik Incorporated may be one of the biggest threats overlooked in terms of market shares because they have stakes in three markets and may be looking to expand further into ours.
1)
The 3rd Opportunity in the SWOT analysis is written correctly from an external, market perspective. The other two are written from an internal perspective, but should be re-written to show how the market is providing opportunities. (Opportunities and Threats are externally generated and should be expressed as such.) Example: “Increased consumer demand for cold products that work with different lifestyles provides an opportunity to add a capsule version for easy travel.” -3 pts.
The Threats ARE written from an external perspective. -0 pts.
2) Place
All-round products have adapted both the direct a ...
Pricing , penetration or skimming model of pricingAlan Cherian
The document discusses various pricing strategies that companies can use including penetration pricing, premium pricing, price skimming, economy pricing, and psychological pricing. It provides details on penetration pricing, including that it aims to capture market share by entering with a low price. While it can help with adoption and word-of-mouth initially, it can also establish long-term low price expectations that are difficult to raise later. Price skimming is described as launching a new product at a high initial price to earn high profits before gradually lowering costs over time. The advantages include high margins for cost recovery but disadvantages include increased competition and potentially limiting sales.
The marketing mix consists of 4 key elements - product, price, promotion and place. The document defines the levels of a product as the core, actual and augmented product. It explains how the product life cycle helps analyze how products emerge, grow, stabilize and decline over time through the stages of development, introduction, growth, maturity and decline. It also discusses the benefits of having a good product mix and ways to extend the life cycle of a product through various strategies.
Product life cycle and its price strategiesHari Sankar
The document discusses the four stages of a product's life cycle: development, growth, maturity, and decline. It explains key aspects of each stage, including pricing strategies, marketing approaches, sales trends, and competition levels. The life cycle helps businesses manage their products from introduction to discontinuation. Proper analysis at each phase is important for maximizing profits and avoiding losses over the long run.
The document discusses product mix strategies and the product life cycle. It defines a product mix as the set of all products offered for sale by a company, with dimensions of breadth (different product lines) and depth (varieties within lines). Product lines are groups of similar products. Strategies for managing a product mix include positioning, expansion, alteration, contraction, and trading up/down. The product life cycle model describes stages of introduction, growth, maturity, and decline that typical products experience over time.
I am going to develop a coherent marketing mix for a new product. To do this I will explain what the marketing mix is, the importance of each element, and the detail of the product, the price, the place and the promotion. I will also create my own chocolate bar using the marketing objectives and the laws.
All of these questions are answered I just need you to read the an.docxnettletondevon
All of these questions are answered I just need you to read the answers, understand them and paraphrase them in your own way with keeping the same idea. Just rewrite it with the same idea but in a different phrase than these.
Essay Questions:
1. Identify and discuss reasons why firms become so infatuated with pricing. Why is pricing given a great deal of attention?
Answer/ ANS:
There is no other component of the marketing program that firms become more infatuated with than pricing. There are at least four reasons for the attention given to pricing. First, the revenue equation is pretty simple: Revenue equals the price times quantity sold. There are only two ways for a firm to grow revenue: increase prices or increase the volume of product sold. Rarely can a firm do both simultaneously. Although there are literally hundreds of ways to increase profit by controlling costs and operating expenses, the revenue side has only two variables—one being price and the other being heavily influenced by price.
A second reason that firms become enamored with pricing is that it is the easiest of all marketing variables to change. Although changing the product and its distribution or promotion can take months or even years, changes in pricing can be executed immediately in real time. Likewise, product, distribution, or promotion changes can also be quite expensive, especially if research and development (R&D) or production must be rescheduled. Conversely, changing prices is a very low-cost option.
The third reason for the importance of pricing is that firms take considerable pains to discover and anticipate the pricing strategies and tactics of other firms. Salespeople learn to read a competitor’s price sheet upside down at a buyer’s desk. Retailers send “secret shoppers” into competitors’ stores to learn what they charge for the same merchandise. In this age of e-commerce, tracking what competitors charge for their goods and services has become so daunting that an entire price-tracking industry has emerged.
Finally, pricing is given a great deal of attention because it is considered to be the only real means of differentiation in mature markets plagued by commoditization. When customers see all competing products as offering the same features and benefits, their buying decisions are primarily driven by price.
Having a solid understanding of these issues is important because far too many firms and their managers use a seat-of-the-pants approach to pricing by guessing the best price for their goods and services. Guessing is never a good strategy in marketing; it can be downright deadly when it comes to setting prices.
2. In many (if not most) circumstances, cutting prices to increase sales volume is not a good idea. Explain why this is so. What are some alternatives that are preferable to cutting prices?
Answer/ ANS: All marketers understand the relationship between price and revenue. However, firms cannot charge high prices without goo.
Product portfolio analysis is a technique used by firms to identify the position of each product in its market. The Boston Matrix analyzes products based on their market share and market growth rate, categorizing them as stars, cash cows, question marks, or dogs. It can help businesses assess where to focus resources and identify future opportunities. While a useful framework, the Boston Matrix makes assumptions that are not always accurate and a product's positioning can change over time.
How To Choose The Right Price For Your Product Or Service PowerPoint Presenta...SlideTeam
Use How To Choose The Right Price For Your Product Or Service PowerPoint Presentation Slides to create a visually-sound presentation. This PPT theme helps you in showcasing and setting the selling price of a company product. Consolidate all the elements required to construct an effective pricing plan. Employ this well-structured PowerPoint slideshow to portray what determines the price of a product. Our PPT template is ideal for demonstrating how to calculate the price of a product. Elucidate premium pricing, economy pricing, psychology pricing, penetration pricing, price skimming, and anchor pricing. Utilize this PowerPoint presentation to educate the audience about the basics of how to price a product for retail. Shed light on bundle pricing, value pricing, promotional pricing, cost-based pricing, and loss leader pricing using PPT slideshow. Showcase how pricing of products and services is carried out. Illustrate the law of demand or subscription pricing model by utilizing the impactful visuals of our PowerPoint theme. Cover aspects like dynamic pricing model, pricing options, and three-tier pricing strategy by downloading this PPT presentation. https://bit.ly/3dw3DJg
The product life cycle theory describes the typical stages a product goes through from introduction to decline. The stages are introduction, growth, maturity, and decline. During introduction, a product is new to the market and the goal is raising awareness through advertising. In the growth stage, production increases and competition grows as sales momentum builds. The maturity stage sees slower sales growth and increased competition, requiring more promotion to maintain market share. Finally, the decline stage occurs when sales begin decreasing to the point of obsolescence. The goal of life cycle management is to maximize value and profitability at each stage through appropriate marketing strategies.
This document discusses pricing strategies over a product's life cycle. It outlines the four stages of a product life cycle: introduction, growth, maturity, and decline. For each stage, it provides pricing strategies and considerations. For example, in the introduction stage prices can be set high if the product is unique, or low to attract customers and compete if the market already has alternatives. In maturity, discounts and promotions can create curiosity to combat saturation. The goal is to understand how pricing impacts sales and profits at each phase of a product's time in the market.
The document discusses Whole Foods' plans to launch a new store format called 365. Key points:
1. The 365 stores need a different product offering and target market than traditional Whole Foods to avoid competition. They will target the missing middle-income segment that Whole Foods does not currently attract.
2. The 365 stores will focus more on products and less on amenities to attract cost-conscious customers. This will require operational changes and reduced costs.
3. Launching 365 stores will significantly impact Whole Foods' finances, including decreasing cash reserves and inventory. Strict cost management will be needed for the new stores to be successful.
The document discusses the product life cycle model, which describes the stages through which products typically pass from introduction to decline. It outlines the four main stages: introduction, growth, maturity, and decline. Each stage presents different challenges and opportunities for product marketing, pricing, distribution, and finances. The introduction stage focuses on promotion to raise awareness. Growth involves expanding market share. Maturity sees increasing competition and price wars. Decline requires cost control and withdrawing weak variations. The concept helps understand competition dynamics over a product's lifetime.
The document provides an overview of product life cycle (PLC) analysis, which describes how sales of a product evolve over time through four distinct stages: introduction, growth, maturity, and decline. It explains the characteristics and appropriate marketing strategies for each stage. For example, during introduction sales are low but advertising is high, while growth focuses on increasing sales and consumer loyalty. The document also cautions that PLC analysis has limitations and provides a case study analyzing the retail coffee industry through the PLC framework.
This document discusses product lines and the product life cycle. It defines a product line as a combination of products from a single manufacturer that share attributes and serve a common purpose but target different market segments. It describes strategies for expanding, contracting, altering, developing new uses for, and trading up or down existing product lines. It then outlines the four stages of the product life cycle: introduction, growth, maturity, and decline. Pricing strategies like penetration and skimming are discussed for the introduction stage, while advertising is key in the growth stage. Sales stabilize in maturity before declining, at which point costs must be cut. Every product will eventually decline but effective strategies can extend its profitability.
This document discusses key concepts in marketing management, including the marketing concept and various orientations to the marketplace. It explains the four Ps of marketing - product, place, price, and promotion. It also covers the product life cycle and its four stages: introduction, growth, maturity, and decline. Finally, it discusses market segmentation, the need for segmentation, and requirements for effective market segments such as being identifiable and accessible.
I. The document discusses new product development including idea generation, screening, concept development, marketing strategy, business analysis, product development, market testing, and commercialization.
II. It also covers managing new product development through customer-centered and team-based approaches.
III. The document concludes with brief discussions on product decisions and social responsibility as well as international product and services marketing.
The document discusses the product life cycle model, which shows the typical stages in a product's sales over time. The stages are development, introduction, growth, maturity, and decline. During each stage, marketing strategies must be adapted to changing challenges and opportunities. While useful for decision making, the product life cycle varies by product and limitations include its backward-looking nature and difficulty in predicting future sales.
This document outlines various production strategies that can be employed by businesses, including differentiation, cost leadership, and market segmentation strategies. It also discusses focusing on priorities like price, quality, and delivery. Specific strategies covered are differentiation through superior features, cost leadership through large scale production, market segmentation targeting different customer types, price/cost strategies for homogeneous goods, quality strategies through innovation, delivery strategies emphasizing timeliness, product mix flexibility, service strategies, and eco-friendly strategies.
Marketing Opportunity analysis and consumer analysishoneymicaroda
The document summarizes the strategic marketing process and microenvironment factors that affect marketing. It outlines the 5 steps of the strategic marketing process as mission identification, situation analysis, objective setting, marketing strategy development, and strategy evaluation/control. It then describes the key forces in a company's microenvironment that must be considered: the company itself, suppliers, market intermediaries, customers, competition, and various publics. Strengths and weaknesses can be either controllable factors within the company or less controllable external forces.
This document discusses pricing as part of the marketing mix. It begins with definitions of marketing management and pricing. Pricing objectives aim to achieve organizational goals like profits or market share. Price is determined based on customer benefits and perceptions of value. Companies consider cost-based, need-based, and market-based approaches to set prices. The conclusion emphasizes that price should relate to customer perceived value of product benefits.
in addition to these questions also answer the following;Answer .docxcharisellington63520
in addition to these questions also answer the following;
Answer the Stop and Consider question on page 319.
Differentiate neurologic and hormonal response to stress
Answer all questions in a Word Document and include the following:
Your name
Label each answer
Include references
Include In-text citations
Use APA Format
.
In an environment of compliancy laws, regulations, and standards, in.docxcharisellington63520
In an environment of compliancy laws, regulations, and standards, information technology (IT) departments in organizations must develop comprehensive organizational policies to support compliance. One specific area in which they must develop policies is the governance of fiduciary responsibility. Scenario: As changes occur in compliancy laws, regulations, and standards regularly, IT management of YieldMore has decided to evaluate the governance of fiduciary responsibility within the organization as it pertains to the IT department. Your team has been assigned the task of evaluating how the governance of fiduciary responsibility affects the organization’s risk. Tasks: You are asked to identify the relationship between fiduciary responsibility and organizational risk, and present this information to the IT management of YieldMore.
1. Identify key stakeholders, their roles and responsibilities, and the impact of fiduciary responsibility on each.
2. Determine the relationships among these stakeholders, the relationship between fiduciary responsibility, and organizational risk for each.
3. Distinguish the identified relationships as they relate to strategic, operational, and compliancy goals for the organization.
4. Develop an appropriate plan to govern fiduciary responsibility for the organization.
5. Prepare a report of your findings for IT management to review.
.
Product life cycle and its price strategiesHari Sankar
The document discusses the four stages of a product's life cycle: development, growth, maturity, and decline. It explains key aspects of each stage, including pricing strategies, marketing approaches, sales trends, and competition levels. The life cycle helps businesses manage their products from introduction to discontinuation. Proper analysis at each phase is important for maximizing profits and avoiding losses over the long run.
The document discusses product mix strategies and the product life cycle. It defines a product mix as the set of all products offered for sale by a company, with dimensions of breadth (different product lines) and depth (varieties within lines). Product lines are groups of similar products. Strategies for managing a product mix include positioning, expansion, alteration, contraction, and trading up/down. The product life cycle model describes stages of introduction, growth, maturity, and decline that typical products experience over time.
I am going to develop a coherent marketing mix for a new product. To do this I will explain what the marketing mix is, the importance of each element, and the detail of the product, the price, the place and the promotion. I will also create my own chocolate bar using the marketing objectives and the laws.
All of these questions are answered I just need you to read the an.docxnettletondevon
All of these questions are answered I just need you to read the answers, understand them and paraphrase them in your own way with keeping the same idea. Just rewrite it with the same idea but in a different phrase than these.
Essay Questions:
1. Identify and discuss reasons why firms become so infatuated with pricing. Why is pricing given a great deal of attention?
Answer/ ANS:
There is no other component of the marketing program that firms become more infatuated with than pricing. There are at least four reasons for the attention given to pricing. First, the revenue equation is pretty simple: Revenue equals the price times quantity sold. There are only two ways for a firm to grow revenue: increase prices or increase the volume of product sold. Rarely can a firm do both simultaneously. Although there are literally hundreds of ways to increase profit by controlling costs and operating expenses, the revenue side has only two variables—one being price and the other being heavily influenced by price.
A second reason that firms become enamored with pricing is that it is the easiest of all marketing variables to change. Although changing the product and its distribution or promotion can take months or even years, changes in pricing can be executed immediately in real time. Likewise, product, distribution, or promotion changes can also be quite expensive, especially if research and development (R&D) or production must be rescheduled. Conversely, changing prices is a very low-cost option.
The third reason for the importance of pricing is that firms take considerable pains to discover and anticipate the pricing strategies and tactics of other firms. Salespeople learn to read a competitor’s price sheet upside down at a buyer’s desk. Retailers send “secret shoppers” into competitors’ stores to learn what they charge for the same merchandise. In this age of e-commerce, tracking what competitors charge for their goods and services has become so daunting that an entire price-tracking industry has emerged.
Finally, pricing is given a great deal of attention because it is considered to be the only real means of differentiation in mature markets plagued by commoditization. When customers see all competing products as offering the same features and benefits, their buying decisions are primarily driven by price.
Having a solid understanding of these issues is important because far too many firms and their managers use a seat-of-the-pants approach to pricing by guessing the best price for their goods and services. Guessing is never a good strategy in marketing; it can be downright deadly when it comes to setting prices.
2. In many (if not most) circumstances, cutting prices to increase sales volume is not a good idea. Explain why this is so. What are some alternatives that are preferable to cutting prices?
Answer/ ANS: All marketers understand the relationship between price and revenue. However, firms cannot charge high prices without goo.
Product portfolio analysis is a technique used by firms to identify the position of each product in its market. The Boston Matrix analyzes products based on their market share and market growth rate, categorizing them as stars, cash cows, question marks, or dogs. It can help businesses assess where to focus resources and identify future opportunities. While a useful framework, the Boston Matrix makes assumptions that are not always accurate and a product's positioning can change over time.
How To Choose The Right Price For Your Product Or Service PowerPoint Presenta...SlideTeam
Use How To Choose The Right Price For Your Product Or Service PowerPoint Presentation Slides to create a visually-sound presentation. This PPT theme helps you in showcasing and setting the selling price of a company product. Consolidate all the elements required to construct an effective pricing plan. Employ this well-structured PowerPoint slideshow to portray what determines the price of a product. Our PPT template is ideal for demonstrating how to calculate the price of a product. Elucidate premium pricing, economy pricing, psychology pricing, penetration pricing, price skimming, and anchor pricing. Utilize this PowerPoint presentation to educate the audience about the basics of how to price a product for retail. Shed light on bundle pricing, value pricing, promotional pricing, cost-based pricing, and loss leader pricing using PPT slideshow. Showcase how pricing of products and services is carried out. Illustrate the law of demand or subscription pricing model by utilizing the impactful visuals of our PowerPoint theme. Cover aspects like dynamic pricing model, pricing options, and three-tier pricing strategy by downloading this PPT presentation. https://bit.ly/3dw3DJg
The product life cycle theory describes the typical stages a product goes through from introduction to decline. The stages are introduction, growth, maturity, and decline. During introduction, a product is new to the market and the goal is raising awareness through advertising. In the growth stage, production increases and competition grows as sales momentum builds. The maturity stage sees slower sales growth and increased competition, requiring more promotion to maintain market share. Finally, the decline stage occurs when sales begin decreasing to the point of obsolescence. The goal of life cycle management is to maximize value and profitability at each stage through appropriate marketing strategies.
This document discusses pricing strategies over a product's life cycle. It outlines the four stages of a product life cycle: introduction, growth, maturity, and decline. For each stage, it provides pricing strategies and considerations. For example, in the introduction stage prices can be set high if the product is unique, or low to attract customers and compete if the market already has alternatives. In maturity, discounts and promotions can create curiosity to combat saturation. The goal is to understand how pricing impacts sales and profits at each phase of a product's time in the market.
The document discusses Whole Foods' plans to launch a new store format called 365. Key points:
1. The 365 stores need a different product offering and target market than traditional Whole Foods to avoid competition. They will target the missing middle-income segment that Whole Foods does not currently attract.
2. The 365 stores will focus more on products and less on amenities to attract cost-conscious customers. This will require operational changes and reduced costs.
3. Launching 365 stores will significantly impact Whole Foods' finances, including decreasing cash reserves and inventory. Strict cost management will be needed for the new stores to be successful.
The document discusses the product life cycle model, which describes the stages through which products typically pass from introduction to decline. It outlines the four main stages: introduction, growth, maturity, and decline. Each stage presents different challenges and opportunities for product marketing, pricing, distribution, and finances. The introduction stage focuses on promotion to raise awareness. Growth involves expanding market share. Maturity sees increasing competition and price wars. Decline requires cost control and withdrawing weak variations. The concept helps understand competition dynamics over a product's lifetime.
The document provides an overview of product life cycle (PLC) analysis, which describes how sales of a product evolve over time through four distinct stages: introduction, growth, maturity, and decline. It explains the characteristics and appropriate marketing strategies for each stage. For example, during introduction sales are low but advertising is high, while growth focuses on increasing sales and consumer loyalty. The document also cautions that PLC analysis has limitations and provides a case study analyzing the retail coffee industry through the PLC framework.
This document discusses product lines and the product life cycle. It defines a product line as a combination of products from a single manufacturer that share attributes and serve a common purpose but target different market segments. It describes strategies for expanding, contracting, altering, developing new uses for, and trading up or down existing product lines. It then outlines the four stages of the product life cycle: introduction, growth, maturity, and decline. Pricing strategies like penetration and skimming are discussed for the introduction stage, while advertising is key in the growth stage. Sales stabilize in maturity before declining, at which point costs must be cut. Every product will eventually decline but effective strategies can extend its profitability.
This document discusses key concepts in marketing management, including the marketing concept and various orientations to the marketplace. It explains the four Ps of marketing - product, place, price, and promotion. It also covers the product life cycle and its four stages: introduction, growth, maturity, and decline. Finally, it discusses market segmentation, the need for segmentation, and requirements for effective market segments such as being identifiable and accessible.
I. The document discusses new product development including idea generation, screening, concept development, marketing strategy, business analysis, product development, market testing, and commercialization.
II. It also covers managing new product development through customer-centered and team-based approaches.
III. The document concludes with brief discussions on product decisions and social responsibility as well as international product and services marketing.
The document discusses the product life cycle model, which shows the typical stages in a product's sales over time. The stages are development, introduction, growth, maturity, and decline. During each stage, marketing strategies must be adapted to changing challenges and opportunities. While useful for decision making, the product life cycle varies by product and limitations include its backward-looking nature and difficulty in predicting future sales.
This document outlines various production strategies that can be employed by businesses, including differentiation, cost leadership, and market segmentation strategies. It also discusses focusing on priorities like price, quality, and delivery. Specific strategies covered are differentiation through superior features, cost leadership through large scale production, market segmentation targeting different customer types, price/cost strategies for homogeneous goods, quality strategies through innovation, delivery strategies emphasizing timeliness, product mix flexibility, service strategies, and eco-friendly strategies.
Marketing Opportunity analysis and consumer analysishoneymicaroda
The document summarizes the strategic marketing process and microenvironment factors that affect marketing. It outlines the 5 steps of the strategic marketing process as mission identification, situation analysis, objective setting, marketing strategy development, and strategy evaluation/control. It then describes the key forces in a company's microenvironment that must be considered: the company itself, suppliers, market intermediaries, customers, competition, and various publics. Strengths and weaknesses can be either controllable factors within the company or less controllable external forces.
This document discusses pricing as part of the marketing mix. It begins with definitions of marketing management and pricing. Pricing objectives aim to achieve organizational goals like profits or market share. Price is determined based on customer benefits and perceptions of value. Companies consider cost-based, need-based, and market-based approaches to set prices. The conclusion emphasizes that price should relate to customer perceived value of product benefits.
Similar to Running head OPERATIONS DECISION .docx (20)
in addition to these questions also answer the following;Answer .docxcharisellington63520
in addition to these questions also answer the following;
Answer the Stop and Consider question on page 319.
Differentiate neurologic and hormonal response to stress
Answer all questions in a Word Document and include the following:
Your name
Label each answer
Include references
Include In-text citations
Use APA Format
.
In an environment of compliancy laws, regulations, and standards, in.docxcharisellington63520
In an environment of compliancy laws, regulations, and standards, information technology (IT) departments in organizations must develop comprehensive organizational policies to support compliance. One specific area in which they must develop policies is the governance of fiduciary responsibility. Scenario: As changes occur in compliancy laws, regulations, and standards regularly, IT management of YieldMore has decided to evaluate the governance of fiduciary responsibility within the organization as it pertains to the IT department. Your team has been assigned the task of evaluating how the governance of fiduciary responsibility affects the organization’s risk. Tasks: You are asked to identify the relationship between fiduciary responsibility and organizational risk, and present this information to the IT management of YieldMore.
1. Identify key stakeholders, their roles and responsibilities, and the impact of fiduciary responsibility on each.
2. Determine the relationships among these stakeholders, the relationship between fiduciary responsibility, and organizational risk for each.
3. Distinguish the identified relationships as they relate to strategic, operational, and compliancy goals for the organization.
4. Develop an appropriate plan to govern fiduciary responsibility for the organization.
5. Prepare a report of your findings for IT management to review.
.
In American politics, people often compare their enemies to Hitler o.docxcharisellington63520
In American politics, people often compare their enemies to Hitler or to the Nazis. Many Democrats compared Trump to a "fascist," and Democrat Alexandria Ocasio-Cortez famously compared child detention facilities to "concentration camps." (Republicans claimed this was an unfair comparison and disrespectful to the real victims of the Holocaust.) On the other hand, Republicans often claim that their Democratic enemies are like Hitler, and often whine that "the Left" is persecuting them similar to how the Nazis persecuted the Jews ("cancel culture" is like the Holocaust, wearing a mask is like wearing a yellow star, etc.). Obviously these are exaggerated, bad comparisons, and are more about scoring political points than teaching history accurately.
But is it
always
wrong and disrespectful to draw comparisons or lessons from the Holocaust? Isn't it possible--while being respectful and acknowledging all the differences that make the Holocaust uniquely horrible--to try to draw lessons from it and prevent anything like it in the future? What comparisons or lessons for the present, if any, can we learn from the Holocaust?
Using specific evidence/examples/comparisons from the primary source you analyzed, please make a specific argument about a lesson or comparison
you might draw from the Holocaust. I'm not interested in your general/vague opinions about politics or Holocaust comparisons. I want you to carefully and respectfully (not politically) draw a lesson from something you learned in your document/film.
.
In addition to the thread, the student is required to reply to 2 oth.docxcharisellington63520
In addition to the thread, the student is required to reply to 2 other classmates’ threads. Each reply must be 300 words
American opinion has indeed shaped politic consequences, political interests, and policymaking. Even with little or no interest in policymaking and politics, the assumption of democracy gives the citizens the power to freely air out their issues and give their opinion in matters of political concern. Taking the war in Iraq, it posed a significant economic and political imbalance. However, support from the politicians was negligible. And because a majority of the Americans opposed the war in Iran, they voted for a Democratic congressional candidate. Their opinion played a great deal in making concrete policies in response to the war in Iraq.
Public opinion is a reflection of the citizens’ view on how the government responds to national politics. Political actions are driven by the citizen’s opinion (Erikson, & Tedin, 2015). It sheds light on the outcomes of specific policies and helps the political candidates identify the characters demanded of them by the citizens. Political scholars argued that the perception of old public opinions was changed because of ambiguity and inaccuracy (Dür, 2019). Modern theories came to identify public opinion as either latent or a broad expression. Latent opinions are formed on the spot, while broad expressions are opinions that had earlier been formed and remained stable (Cantril, 2015).
When convincing policymakers, it proves difficult, interest groups may indirectly influence public opinion. They can achieve this through the media, holding rallies, or handing out leaflets to the public (Dür, 2019). Because the citizens have little or no information on policymaking, they can easily be swayed by interest groups. Interest groups can, therefore, successfully source their support from public opinion or not.
Public opinion remains relevant in American politics. Journalists, politicians, and political scientists should focus on getting the public’s opinion on state affairs. In as much as views might differ or change, establishing a common ground will help in policymaking (Dür, 2019). For the war in Iraq, the Democratic gained power over the senate and House. This was greatly influenced by the failure of public support that shifted the pro-Democratic in 2006 and the 2008 elections. Because opinions are not fixed, establishing a connection between public views and political outcomes might be impossible.
References
Berry, J. M., & Wilcox, C. (2015).
The interest group society
. Routledge.
Cantril, H. (2015).
Gauging public opinion
. Princeton University Press.
Dür, A. (2019). How interest groups influence public opinion: Arguments matter more than the sources.
European journal of political research
,
58
(2), 514-535.
Erikson, R. S., & Tedin, K. L. (2015).
American public opinion: Its origins, content, and impact
. Routledge.
.
In addition to reading the Announcements, prepare for this d.docxcharisellington63520
In addition to reading the
Announcements
, prepare for this discussion by reading the
Required Resources
, the
Week Four Instructor Guidance
, and the scenario provided below. In particular, you should review the
Initial Referral to the Multidisciplinary Team form
found on p. 112-113 of your text, the
Child Study Team Referral Form
from week three, and
Part I
of the
Comprehensive Report
found in the
Instructor Guidance
for this week.
Scenario:
In addition to your role on the Child Study Team, you are also a member of the Multidisciplinary Evaluation Team (MDT). This team is preparing to meet because while the Tier Two Interventions have been helpful, Manuel is still struggling with his reading fluency and his writing, and is continuing to fall further behind. The MDT has received the signed and dated formal permission for referral from Manuel's parents and the school psychologist has conducted an academic achievement evaluation as described in your text. One of your roles as the special education inclusion teacher in your school is to translate the results of all the assessments in a way that is understandable to parents, the child, and to the regular education teacher. Another aspect of your role is to write the Initial Referral to the MDT such as the one described on p. 112 of the text. Finally, in your role as the special education inclusion teacher you are tasked with reviewing the results of all the assessments in order to to help the Manuel, his parents and his other teachers to understand the various strategies that are recommended based on his assessment outcomes.
You have reviewed the RTI data collected to date, including the informal observations of Mr, Franklin and Manuel's other teachers and samples of his classroom work, and have compared those data to
Part I of the Comprehensive Report
prepared by the school psychologist. That report is located in the Instructor Guidance for this week. The data paint a compelling and congruent picture of Manuel's current academic functioning. You are now ready to write an Initial Referral for Manuel so that his eligibility for special education services can be determined.
Initial Post:
Review the
Initial Referral to the Multi-Disciplinary Team form
on p. 112 and 113 of your text. Compare the information needed for that form with the
Child Study Team Referral Form
that you filled out last week for Manuel. Explain the different functions of the two documents and state how they are alike and how they are different. Then, explain how you plan to share the data on the Initial Referral to the Multi-Disciplinary Team form in a way that Manuel, his parents, and Mr. Franklin can understand. Be sure to include an explanation for why you are the one sharing this information with them. Include pertinent professional or personal real world examples to illustrate your points.
Text:
Pierangelo, R., & Giuliani, G. A. (2012).
Assessment in special education: A practical a.
In Act 4 during the trial scene, Bassanio says the following lin.docxcharisellington63520
In Act 4 during the trial scene, Bassanio says the following lines:
“Antonio, I am married to a wife
Which [who] is as dear to me as life itself;
But life itself, my wife, and all the world
Are not with me esteemed above your life.
I would lose all, ay sacrifice them all
Here to this devil [Shylock] to deliver [save] you.”
And Portia, who hears these lines (though Bassanio doesn’t know it), says,
“Your wife would give you little thanks for that
If she were [near]by to hear you make the offer.”
(Act 4, scene 1, 281-288
Is Antonio really more important to Bassanio than Portia? Explain why or why not. What do these lines tell us about the value of male friendship vs. marriage in this play? Would Portia be justified in rejecting Bassanio, since later in this scene he gives away the ring she gave him which he swore never to give up? (see Act 3, scene 2, lines 167-185) Your response should be about 200-250 words and should include specific references to lines in the play.
.
In a Word document, please respond to the following questions.docxcharisellington63520
In a Word document, please respond to the following questions:
How is the information discussed in the articles similar or different compared to what you have heard/learned about international/global communication? Especially compared to the chapters from our textbook
Business Writing Today.
Based on the information provided in the articles, what are some rules/conventions do people tend to follow when communicating across cultures and languages?
Which out of the four articles provoked a strong response in you? Did you agree and/or disagree with the author? Why?
.
In a Word document, create A Set of Instructions. (you will want.docxcharisellington63520
In a Word document, create
A Set of Instructions
. (you will want to save it twice—once as a .doc and once as a .pdf) Upload the .pdf document to the Unit 3 Dropbox. It should be single-spaced (as all technical docs are) with double spacing between sections. Think visually. Think simple steps. See the rubric.
.
In a two page response MLA format paperMaria Werner talks about .docxcharisellington63520
In a two page response MLA format paper
Maria Werner talks about the changes Perrault in his (17th century) version made to the much earlier original oral version of the tale written down by Delarue Paul Ed" The story of Grandmother" and the motivation behind the Grimms brothers(19th century) version of the tale. Compare and contrast these three versions of LRRH from the readings, explaining how the variations changes the focus not plot of each tale.
Readings
1. Charles Perrault: Little red riding hood(france)
2.Brothers Grimm: Little red cap(Germany)
3. Paul Delarue Ed: The story of grandmother(france)
.
In a paragraph (150 words minimum), please respond to the follow.docxcharisellington63520
In a paragraph (150 words minimum), please respond to the following questions:
Prior to reading the text, how would you have defined terrorism?
What is your understanding of terrorism now?
How would you account for the huge amount of terrorism in the 20th and 21st centuries?
What do you see as the ethically proper response to acts of terror?
.
In a paragraph form, discuss the belowThe client comes to t.docxcharisellington63520
In a paragraph form, discuss the below:
The client comes to the physician's office complaining of shortness of breath. He states he has a history of fluid in his lungs and he takes a "water pill" and a "bronchodilator" every day. Both legs are swollen. He also used inhaler cortisone when needed to ease his frequent difficult breathing. His blood pressure is 168/98 and his pulse is 144 beats per minute. Upon listening to his heart with a stethoscope, a third heart sound is noted and abnormal breath sounds. After complete blood work and radiological investigation, the patient is diagnosed with CHF and COPD.
Discuss all of this information with the physician using correct medical terminology.
.
In a minimum of 300 words in APA format.Through the advent o.docxcharisellington63520
In a minimum of 300 words in APA format.
Through the advent of social media, a thing known as "slactivism" has arisen. This is literally activism through social media and, despite such a negative label, researchers are finding that this actually works! Activism through the medium of social media is having a significant impact. This is just ONE example of many of not only a "mass behavior" but can also fit into all 4 categories of social movements. The individuals involved in this mass behavior/social behavior could easily be examined within the lens of the "contagion theory" as well as the "emergent-norm theory."
Go check out whatever form of Social Media/ Media you are most on, (facebook, instagram, tumblr, twitter, reddit, youtube etc. ) Look for an example of "slactivism" from people/influencers that you follow that is promoting a specific type of social movement. Discuss their post here by answering the following questions (if you feel comfortable you can post your example here as well but it is not required.)
1. Describe the post (or post it here), where did you find it, what do the contents involve?
2. Based on the readings from this chapter, what type of social movement are they promoting?
2. What theory of crowd behavior can be applied to this movement? Please expand
3. What Social movement theory can be applied to this movement? Please expand
4. At what stage in the social movement cycle would you place this movement?
.
In a paragraph form, post your initial response after reading th.docxcharisellington63520
In a paragraph form, post your initial response after reading the passage below:
The client comes to the physician's office complaining of shortness of breath. He states he has a history of fluid in his lungs and he takes a "water pill" and a "bronchodilator" every day. Both legs are swollen. He also used inhaler cortisone when needed to ease his frequent difficult breathing. His blood pressure is 168/98 and his pulse is 144 beats per minute. Upon listening to his heart with a stethoscope, a third heart sound is noted and abnormal breath sounds. After complete blood work and radiological investigation, the patient is diagnosed with CHF and COPD.
Discuss all of this information with the physician using correct medical terminology.
.
In a minimum 250-word paragraph, discuss at least one point the auth.docxcharisellington63520
In a minimum 250-word paragraph, discuss at least one point the author makes that stands out to you. Why did you find it interesting or strange? How does it compare to, connect to, and/or expand on your own experience and what you know about language and the world? Be specific. Explain. Use examples!
.
In a hostage crisis, is it ethical for a government to agree to gran.docxcharisellington63520
In a hostage crisis, is it ethical for a government to agree to grant a terrorist immunity if he releases the hostages, even though the government has every intention of capturing and prosecuting the terrorist once his hostages are released?
write an initial post (200-250 words) and one secondary post (minimum 100 words) (reply to the classmate's post, file attached)
For your initial post, you must have two academic peer-reviewed articles for references.
Discussion must include in-text citations and references in APA style formatting
Due 24 March 2021 by 1:00 PM ET
.
In a double-spaced 12 Font paper How did you immediately feel a.docxcharisellington63520
In a double-spaced 12 Font paper
How did you immediately feel after finishing the novel in relation to data security as a whole? Has your thought process changed regarding how you will share data? Do you value metadata more or less after reading this novel?
Do you feel that there should be more of an emphasis on personal privacy or public security? (Hint: you can use domestic threats to support your stance-whichever it may be.)
Considering the grand scheme of things, do you feel that what Edward Snowden did was wrong? Do you think he helped more people or put more people in danger?
Should the United States government continue to attempt to persecute Edward Snowden? If so, why? If not, why?
Do you think there could have been a better way for Edward Snowden to achieve the goal that he felt was necessary without inciting anger and fear from the United States government by being a whistleblower?
.
In a follow-up to your IoT discussion with management, you have .docxcharisellington63520
In a follow-up to your IoT discussion with management, you have been asked to document and describe Use Case examples of IoT Services and Applications, so they can see a clear application of the technology. After all, the goal of IoT is to ensure all company resources and technological objects can communicate, and documentation is always part of the process. In a report to your manager, describe the following topics:
An introduction to IoT technology and typical corporate devices being used within IoT
Examples of IoT services and applications describing the service, application, interface, and benefit to the organization. Please pick 3 of the following IoT Use Cases when informing management of this required information and the implementation of technology:
Predictive Maintenance (e.g., use of cameras, sensors and data analytics)
Smart Metering (e.g., internet device capable of measuring how a company consumes energy, gas or water)
Asset tracking (e.g., efficient location and monitoring of key assets)
Connected vehicles (e.g., automation of driving tasks)
Fleet Management (e.g., transportation efficiency and productivity)
Provide reference page with at least 3-5 references in APA format
4 to 5 pages
.
In a COVID-19 situation identify the guidelines for ethical use of t.docxcharisellington63520
In a COVID-19 situation identify the guidelines for ethical use of the computers and networks in any organisation.
Please discuss the NETIQUETTE technique and explain how it can help professionals to embrace ethical use of networks in the current pandemic situation. You need to use some cases in the discussion to add value to your discussion.
.
In a 750- to 1,250-word paper, evaluate the implications of Internet.docxcharisellington63520
In a 750- to 1,250-word paper, evaluate the implications of Internet use (including, but not limited to, basic web presence, online shopping, vendor unique portals, vendor specific portals, "IOT," social media, and/or VPN use) within a SMB, as well as data protection for intellectual property. Make sure to address third-party vendors, cloud technology, and technology trends.
.
In a 600 word count (EACH bullet point having 300 words each) di.docxcharisellington63520
In a 600 word count (EACH bullet point having 300 words each) discuss the following WITH no intro or conclusion needed… CITE AND REFERENCE WITH TWO PEER reVIEWS
· Discuss the diathesis-stress model as it pertains to schizophrenia.
· Explain the causal factors associated with the disorder.
(1) DQ word count 175
Please describe schizophrenia and dissociative identity disorder. How are the two disorders different? Do they have anything in common?
.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxEduSkills OECD
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How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
1. Running head: OPERATIONS DECISION
1
OPERATIONS DECISION
9
Operations Decision
Professor Kornilov
Managerial Economics and Globalization
February 14, 2014
There are many options of foods with low-calorie in the market.
With the rise in income people can now use microwaves to cook
instead of traditional cooking methods. The rise of microwaves
has led to rise in food items. Having a variety of products
available one can target on healthy choices of microwavable
foods. For a type of food to be considered health it should
contain sources of proteins, 600 milligrams of sodium and 3
grams of fiber for satiety purposes. Manufacturers of these
options include Lean Cuisine and Healthy Choice. Both of these
companies are competitors in frozen food markets. Lean Cuisine
started in the year 1981 under the ownership of Nestle and has
expanded its markets in Canada, US, and Australia and it offers
variety of frozen foods and a leading choice for low-calorie s.
Healthy Choice is another choice for low-calorie foods the
product produced by ConAgra. Healthy Choice are the biggest
opponents of Lean Cuisine (Schlosser).
These two companies have two strategies for pricing which are
2. penetration pricing and skimming pricing. A penetration pricing
is involved with low initial prices to encourage a large number
of customers to try the product. The companies’ hopes are to
sell large volumes in order to generate high revenues. New
varieties of food stuffs are often introduced at low opening
prices. A company does not utilize a high strategy for such
products. This initial low price of the product is often combined
with samples, advertising, coupons and other special incentives
in order to increase awareness of the product and customers to
try it. Companies start to make profits when more units start to
be sold. The company can also experience profits when there is
expansion of product distribution that lead to increase in
profits.
The pricing strategy which involves setting high initial prices
for food products to get back the investment spend on the
product is called skimming pricing strategy. This market
involves customers who are not price sensitive or those that
adapted with the product long time ago.
For a company to gain enormous profits, then its product must
have been accepted in the market place. The profitability stage
of a company is characterized by higher profits which attracts
more competitors who enter the market very quickly. A
company must ensure the availability of its product whenever a
customer needs it otherwise it will lose the customer to its
competitors. The best plan to assess the effectiveness of the
company’s performance include laying down the companies
goals which are to make the maximum profits while incurring
the low costs, also ensuring that the frozen food products are
available to consumer whenever the consumer needs them. Also
for an effective business, a company should determine the
company’s challenges and opportunities so as to make the best
profits. The companies also should clearly identify their target
market and ensure that their products reach the intended
consumers and also be prepared for the competitions that they
may face in the market. Effective companies and marketing
plans are very detailed, anticipating and satisfying the
3. consumer’s needs.
For a company’s market structure to change there must have
occurred an outlawed activity like the tying of consumers where
a customer is required to buy goods they do not want in order to
acquire the goods they want. This leads to a company losing
customers therefore the strategy of many buyers and many
sellers becomes unbalanced therefore a business opting to
change their market structure. A company can also change its
market structure when there occurs interlocking directorates.
This is where we have same individuals serving on board of
directors of competing companies. This leads to the two
companies producing similar products and therefore changing
the market structure of a company. There may be a change of
market structure when we have price discrimination where some
customers are served with different prices with other customers.
This majorly leads to dissatisfaction of customers and therefore
customer opting for either substitutes or going for the products
from another company. The effect of the company changing
their market structure if so defined and it may lead to a
company losing a very portion of their profits and therefore
incurring big loses. Also it is clear that a change in market
structure can lead to a company losing many of its consumers
due to dissatisfaction.
The reaction of the firm’s negative economic profit will depend
on the time horizon. The firm does not have an option of
departing the production industry. In the short run the company
is stuck with its costs and its factors of production. The
company has two options either to stay or close down. If the
company decides to stay open it will make the profit even if it
is a negative profit. If the company shuts down it will lose an
amount equal to its fixed costs because shutting down both
revenue both their revenue and their variable costs disappear
but fixed costs remain. The company’s short run decision to
produce or not decision is based on where it loses a lot of
money. If the negative economic profits of the quantity are less
than the negative economic profits of losing fixed costs the firm
4. will remain open.
In the long run perfectly competitive companies will not
produce at negative economic profit if they can make more
money elsewhere and if it is easy to get out of the market.
Therefore these companies make zero economic profits in the
long run. When other things are not equal, the firm will move
from one average total cost to another as it expands its capacity.
Eventually, it will reach average total cost curves that exist at
the most efficient scale and then the firm will be pushed to the
breakeven point on the average total cost curve.
A company should discontinue its operation when its sales have
decreased to a level where the company cannot get back. The
decline in sales may be due to consumer preferences where
consumers have preferred low-calorie microwavable food from
other companies and this makes the company go into a loss of
producing large numbers of products which are no consumed.
Technological advances also may lead to decrease in the sales
of the company if the company does no utilize it in the
advertisement of it products. Proper advertisement of the
company’s products ensures the products reach a wide variety
of consumers. Also alternative available in the market that
satisfy the same needs as the company’s product may lead to the
company’s making low profits which may lead to closure of the
company. The company may also shut down when the operation
cost exceeds the returns from the sale of foods from the
company.
The management should ensure proper management of the
company and also involve more in advertising as this helps in
capturing more customers and making them aware of the
products. The company should prepare for a tuff completion
from other companies producing the same products in the
market. The rationale for this is to ensure that the company
remains running and serving its customers satisfactorily.
There are two pricing policies that can be used but the most
effective pricing policies is the penetration pricing strategy.
This strategy involves using the initial price of the product to
5. encourage the customers to try the product. The aim of the
company is to sell large amount of low-calorie microwaveable
food (Rodale, 2008). New products are introduced at initial
prices. These low prices are always accompanied with
advertising, coupons, samples and other special incentives this
helps to increase awareness of the product and get the
consumers ready to try it and use it. Because of its low initial
costs on the product penetration pricing strategy encourages
customers to switch to the new product. This means an increase
in number of customers for the company and therefore increased
returns for the company. The penetration pricing strategy is the
most commonly associate with the marketing objectives of
increasing market share or the sale volumes. Its lower price on
the products when entering the market is a competitive weapon
against other companies that produce the same products of low-
calorie microwavable foods. Penetration strategy catches the
completion off-guard and therefore the competitors do not have
time to prepare. It also encourages word of mouth
recommendation for the product because of the attractive
pricing and makes the company to focus on minimizing unit
costs as the business starts. The low prices act as a barrier for
other potential competitors to enter into a similar strategy and
the sales volumes should be high because distribution may be
easier to obtain.
The financial performance of the company is the measure of
how long a company will stay on production. For a company to
be able to meet the short-term financial obligations is a very
important part to use to maintain operation of the company and
for future growth. A large factor determining the short term
financial performance of a company is liquidity which is the
degree to which a market is willing to buy a particular product.
The money market account as a type of asset can be converted
into cash within a day or two if not instantly. A building where
the company sits is very liquid because it can take a long time
before it is sold and make cash out of it. According to the low-
calorie microwave company the profits of the sales from freeze
6. foods and the liquidity of the buildings of the company portray
the company’s financial performance. The long term financial
performance of low-calorie microwave Food Company is
generating enough income to sustain the company for a long
period of time. When the company is making a long term
financial performance it looks for opportunities of making
maximum profits. The company does not produce negative
economic profits. The evaluation of financial performance
requires managerial decisions where a manager should decide
on the best decision to take in order to maximize the profits.
For a company to improve its profitability and deliver more
value to its stakeholders, it should have a customer focused
growth strategies where areas that generate the largest
proportion of revenue and profits are identified. Customer-
focused strategy is based on the company’s existing customers.
Another customer-focused strategy is to enter business that have
a strong strategic links to the core. Another strategy that a
company should take to gain more profits is to focus in
executing growth strategies this will include how organized the
management is to deliver a high level of value to customers.
Also have a management that is performing this will ensure they
work hard in making the companies grow. This is the plan to
implement the above recommendations:
1. The company should work towards minimizing costs. This is
done through identifying the steps you could take to minimize
on expenditure for example negotiation on you supplier’s
prices.
2. The company should be focused on reaching its customers
and on attaining maximum profits.
3. Make sure the company is in continuous improvements and
the profits should have steady improvements.
In conclusion managers should lay down good plans to assess
the best market structure that will lead to development of the
company. A change of market structure can enormously affect
the company’s performance and there the management of the
company should be very cautious on the market structure. There
7. occur some circumstances when a company may be forced to
shut down. These situations may be either be long term or short
term. A success of a company depends also on the pricing
policy. Good pricing policy leads to the success of a company
through making of maximum profits.
References
Doukidis, G. I. (2004). Social and economic transformation in
the digital era. Hershey, PA [u.a.: Idea Group Publ.
Harder, F. (2003). Fashion for profit: A professional's complete
guide to designing, manufacturing, & marketing a successful
line. S.l.: Frances Harder.
Mann, M., & Amazon.com (Firm). (2010). Make millions and
make change!: Secrets to business and personal success. S.l:
MakeMillions.com.
Gitman, L. J., & McDaniel, C. D. (2009). The future of
8. business: The essentials. Mason, OH: South-Western Cenage
Learning.
Schlosser, E. (2012). Fast food nation: The dark side of the all-
American meal. Boston: Mariner Books/Houghton Mifflin
Harcourt.
Use the Internet to research an annual report of a manufacturing
company of your choice
From the company chosen from the above internet research, put
yourself in the role of an investor or creditor; suggest ratios that
you believe would provide you with the most important
information needed to make accurate predictions about the
company’s financial condition. Please provide a rationale for
your response.
Using the manufacturing company from the above search,
identify at least three (3) ratios that could be manipulated to
mislead investors and creditors regarding the company’s
financial condition. Examine the motivation of management to
manipulate the ratios identified.
Assignment 1: Demand Estimation
Dr. Guerman V. Kornilov
Managerial Economics and Globalization
January 26, 2014
9. Imagine that you work for the maker of a leading brand of low-
calorie microwavable food that estimates the following demand
equation for its product using data from 26 supermarkets around
the country for the month of April.
QD = 20,000 - 10P + 1500A + 5PX + 10 I
(5,234) (2.29) (525) (1.75) (1.5)
R2 = 0.85 n = 120 F = 35.25
Your supervisor has asked you to compute the elasticities for
each independent variable, (P, A, PX, and I), in the equation.
Assume the following values for the independent variables:
Q D = Quantity demanded
P (in cents) per case = Price of the product = 8000
PX (in cents) = Price of leading competitor’s product = 9000
I (in dollars) = Per capita income of the standard metropolitan
statistical area (SMSA) where the supermarkets are located =
5000
A (in dollars) = Monthly advertising expenditures = 64
1. Compute the elasticity for each independent variable. Note:
Write down all of your calculations.
When P = 8000, A = 64,PX = 9000, I = 5000, using regression
equation,
QD= 20000 - 10*8000 + 1500*64 + 5*9000 + 10*5000 =
131,000
Price elasticity = (P/Q)*(dQ/dP)
10. From regression equation, dQ/dP = -10.
So, price elasticity EP= (P/Q) * (-10) = (-10) * (8000 / 131000)
= -0.61
Similarly,
EA = 1500 * 64 / 131000 = 0.73
EPX = 5 * 9000 / 131000 = 0.34
EI = 10* 5000 / 131000 = 0.38
2.Determine the implications for each of the computed
elasticities for the business in terms of short-term and long-term
pricing strategies. Provide a rationale in which you cite your
results.
Price elasticity is -0.61 which means a 1% increase in price of
the product causes quantity demanded to drop by 0.61%. So, the
demand of the product is relatively inelastic. Therefore,
increase in price may not have large impact on the customers.
Advertisement elasticity is 0.73, meaning 1% increase in
advertising expenses increases quantity demanded by only
0.73%. So, demand is relatively inelastic to advertising.
Therefore, more advertisement won’t necessarily mean that firm
can raise the price because it still could drive customers away.
Cross-price elasticity is 0.34 which means if price of competitor
product increases by 1%, then quantity demanded of this
product increases by 0.34%. So, product is relatively inelastic
to competitor’s price and the firm shouldn’t worry about the
competitor as their pricing won’t have any major effect on its
own sales.
Income-elasticity is 0.38 which means 1% rise in average
income in the area boosts quantity demanded by 0.38%. So,
product is relatively inelastic in this aspect and so the firm
shouldn’t worry about consumer income considerations in
pricing strategy. Quantity demanded won’t suffer largely from
this aspect even if income increases / decreases.
Therefore, quantity demanded is relatively inelastic to all
factors considered. So, company shouldn’t worry much about
these factors.
11. 3.Recommend whether you believe that this firm should or
should not cut its price to increase its market share. Provide
support for your recommendation.
A price slash would increase quantity demanded, as the price
elasticity is negative. But, magnitude of elasticity is a less than
unity. Revenue is maximized when the magnitude of elasticity is
one. Therefore, a price-cut will increase quantity demanded but
will lead to a loss of sales. So, price-cut should be made only if
firm is trying to strengthen its consumer base; from profit
perspective, it should instead raise the price.
4.Assume that all the factors affecting demand in this model
remain the same, but that the price has changed. Further assume
that the price changes are 100, 200, 300, 400, 500, 600 cents.
1.Plot the demand curve for the firm.
Keeping other factors constant, demand equation is
Q = 20000 - 10*8000 + 1500*64 + 5*9000 + 10*5000
Q = 211000 - 10P
P = 21100 - 0.1Q (plotted below)
2.Plot the corresponding supply curve on the same graph using
the supply function Q = 5200 + 45P with the same prices.
Q = 5200 + 45P
P = -5200/45 + Q/45
3.Determine the equilibrium price and quantity.
Solving demand and supply equation simultaneously,
211000 - 10P= 5200 + 45P
55P = 211000 - 5200
P = 3741.82
and Q = 5200 + 45*3741.82 = 173,581
So, equilibrium price is 3742 cents and equilibrium quantity is
173,581 units. The equilibrium price and quantity can also be
found from the graph to be the point where supply and demand
12. curve intersect.
4.Outline the significant factors that could cause changes in
supply and demand for the product. Determine the primary
manner in which both the short-term and the long-term changes
in market conditions could impact the demand for, and the
supply, of the product.
As the demand equation points out, demand of the low-calorie
food can change due to a change in consumer income, price of
competitor product and price of related goods (microwave
oven). The change can also come as a result of change in
consumer preference (like awareness towards low-calorie food).
Supply of the product can change due to change in number of
suppliers of the product, technological advances in the
production and other factors like change in availability of labor
and raw-material which directly affect production costs.
5.Indicate the crucial factors that could cause rightward shifts
and leftward shifts of the demand and supply curves.
A rightward shift of demand curve could be caused by an
increase in consumer income, a decrease in price of
complementary product like microwave ovens, an increase in
population or increased preference for the product like
awareness towards low-calorie food. A leftward shift of demand
curve can be caused by a drop in consumer income or recession,
increase in price of complementary product like microwave
oven etc.
A rightward shift of supply curve can be caused by
technology advances in food processing, increased availability
of cheap labor and raw material, increased tax-cuts and
government subsidies etc. A leftward shift can be caused due to
a decrease in availability / increase in price of labor and raw
materials, increased taxes etc.
Demand 210000 205000 200000 195000 190000