MGT 103 BATES EXAM 2024|2025 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED
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MGT 103 BATES
Institution
MGT 103 BATES
MGT 103 BATES EXAM 2024|2025
MGT 103 BATES EXAM 2024|2025 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED
__% of ticket sales are now Online - Accurate Answer50
Price - Accurate Answerthe money or other considerations (think: bartering) exchanged for the ownership or use of a product or service...
Potential Pricing Objectives - Accurate Answer✅✅- Sales Revenue
- Market Share
- Unit Volume
- Survival
- Social Responsibility
Sales Revenue - Accurate Answer✅✅Price x Quantity sold, money made before factoring in
costs
Market Share - Accurate Answer✅✅Ratio of a firms sales to the industry
, - used when sales in an industry are flat or declining
Unit Volume - Accurate Answer✅✅total amount sold
- used when trying to bring up consumer demand to match production capacity
Survival - Accurate Answer✅✅the process of staying alive
- used when a firm cant match rivals price cuts
Social Responsibility - Accurate Answer✅✅when a firm forgoes greater profits to meet
obligations to society
Pricing Constraints - Accurate Answer✅✅Demand
Newness
Cost of Production
Whether Single Product or Product Line
Cost of Changing prices
Type of competitive market
Demand - Accurate Answer✅✅the greater the demand, the higher price that can be charged
Newness - Accurate Answer✅✅products can be sold for higher prices earlier in their life cycles
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