Factors affecting price - Study guides, Class notes & Summaries

Narrowly, what is a price? - ️️Narrowly, price is the amount of money charged for a product or service Broadly, what is a price? - ️️Broadly, price is the sum of all values that consumers exchange for the benefits of having or using the product or service Price is not just money, think of price as - ️️sacrifice Example of price - ️️$88 boots from amazon versus exact same pair at Dillards for $88 as well. The price here is wait-time, trying them on, or convenience. The...

price definition: narrowly - ️️the amount of money charged for a product or service price definition: broadly - ️️the sum of all the values that consumers exchange for the benefits of having or using the product or service internal factors affecting price decisions - ️️marketing objectives marketing mix strategies costs organizational considerations external factors affecting price decisions - ️️nature of the market and demand competition other environmental factors...

Describe what happens when relative supply and demand change - ANSWER - When supply exceeds demand: price falls, consumer have greater choice of cheaper alternatives. Producers lower price to remain competitive. Fall in prices lead to increased demand in the long run - When demand exceeds supply: price increase, consumers willing to pay higher for some wines; others simply switch to another wine or a different alcoholic drink The general factors affecting demand for wine - ANSWER - S...

Narrowly, what is a price? - Answer- Narrowly, price is the amount of money charged for a product or service Broadly, what is a price? - Answer- Broadly, price is the sum of all values that consumers exchange for the benefits of having or using the product or service Price is not just money, think of price as - Answer- sacrifice Example of price - Answer- $88 boots from amazon versus exact same pair at Dillards for $88 as well. The price here is wait-time, trying them on, or conve...

The property tax is an ____ __________ tax, meaning it is based on value. - Answer- ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - Answer- discovery listing valuation The taxable location of personal property is referred to as its __________. - Answer- situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - Answer- an appraisal A jurisdiction's...

HADM 4300 Prelim 1 Set Latest Version with Verified Solutions - 3rd year after planting yields first grape crop with basic juice - 5-15 years are prolific and develop complex flavors - decline from 30-50, but concentrate flavors - 50-100 have very low yields Timeline of vine quality over time - Intellectual (pre-frontal cortex - decision making) - Emotional/Exaggeration (changing your personality) - Motor (speech impediment) - Semi-voluntary actions (blinking, gag reflex) The Hier...

IAAO 101 Quiz| questions with complete answers The basic responsibilities of the assessor are to ___________________ all taxable property Discover, List, and Value One of the steps an assessor must take in the discovery of property is to Conduct periodic on-site inspections of properties The property tax is a/an _____________________ tax, meaning it is based on value. Ad Valorem If a tax rate is $13.30 per $100, the decimal equivalent would be 0.1330 Actual value...

Bundle of rights of real property - correct answer 1.Possession of Property ol ment usion 5. Disposition ( sell, will, transfer the property. Price Fixing - correct answer When two or more companies collude to set a product's price. Cooperative - correct answer Propriety lease- You purchase stock in the company that owns the land and holds the deed Good Faith Estimate - correct answer An estimate of the fees due at closing for a mortgage loan that must be provided by a lend...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

Describe what happens when relative supply and demand change - ANSWER - When supply exceeds demand: price falls, consumer have greater choice of cheaper alternatives. Producers lower price to remain competitive. Fall in prices lead to increased demand in the long run - When demand exceeds supply: price increase, consumers willing to pay higher for some wines; others simply switch to another wine or a different alcoholic drink The general factors affecting demand for wine - ANSWER - Social ...