Answer:
If sold without Modification, Armstrong Corporation will incur a loss of $12,500.
If the Corporation modifies the Stock and then Sell it, its loss will be $9,200.
Explanation:
<u>Workings</u>
Without Modification:
Selling Price = 7,300
Less: Cost of Inventory = 19,800
Loss = $12,500.
Modification:
Selling Price = 20,900
Less: Cost of Inventory = 19,800
Modification Cost = 10,300
Loss = $9,200.
If you have any queries, feel free to ask. Thanks!
Answer:
late in the message, after most of the advantages of a product have been discussed.
Explanation:
The stardard procedure for introducing a higher price especially for new products is to include it after sharing the advantages of the new product.
It is essential because the core message that people or intending buyers want to hear are the benefits of the new product and how it can work better than what they have been using before.
The pricing should come at a later stage after which most of the information have been shared and not at the begining otherwise , it will scare intending buyers away due to its high price coupled with the fact that there exist similar product for other brand with lower prices in the market.
Answer:
Leave the price alone. Although it may lack some of the features that competitors’ models have, the Boss brand is well-recognized and well-respected in the market
Explanation:
You chose to lower the price to $359.That was the best choice.During the maturity stage of the product life cycle, increased competition eventually forces price cutting, and market share leadership may outweigh profit as a pricing objective, so this is a good option. However, it would take some research to determine whether the company can still make a profit at this price.
Answer: Require close coordination and collaboration.
Explanation:
Interaction jobs are jobs that requires an employee to constantly interact with customers to listen to their complaints/challenges faced as regards a company's product and seeking for means of solution to the complaints/challenges. Interaction jobs needs an employee to constantly work with consumers of a company's product.
