Answered: ou use skimming or penetration price…

ou use skimming or penetration price strategy?). Develop a promotional strategy in order to sell the product, example of advertising or FB , In

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 4Q: What are the components of a strategic plan? Find one of these components for the company you work...

See similar textbooks

Related questions

Q: Think about a fairly significant purchase you made recently and analyze how this product or service…

A: The 4 P’s of a company includes the product, price, place, and promotion. The company use 4 P’s to…

Q: The CEO and his top managers have asked themselves two important questions: a. do customers value…

A: Strategy - Strategy is the plans or actions that are made by the High-level management which is also…

Q: Please watch the Ted talk How business can plan for the road to recovery by Rich Lesser, CEO of…

A: In my experience, non-manufacturing companies gain more profit than manufacturing company . In…

Q: w could MIN() and MAX()In excell benefit a small business? Create an example where knowing such…

A: Min and Max are two excel formulas used to determine the Minimum and maximum value from the lot…

Q: You are a small business person who plans to open a premium coffee shop, much like Starbucks. Your…

A: In the context of the given question, we are going to compute the breakeven sales for a month. We…

Q: A fairly recent technology-related tool that many companies use to solicit feedback from customers…

A: Customer relationship is important factor in business. This says that healthy relations should be…

Q: Your firm is considering what to do with the current food distribution platform. The management…

A: These projects are supply chain management because in these type of projects. These projects aim to…

Q: Explain in details what is SWOT analysis. Do SWOT (Strength, Weaknesses, Opportunities, Threats)…

A: SWOT Analysis is basically a parameter by which an organization can judge what is its Competitive…

Q: Please calculate the ROI of social media campaign for a pair of Ray Ban sunglasses by presenting…

A: GIVEN Please calculate the ROI of social media campaign for a pair of Ray Ban sunglasses by…

Q: Please put the 8 steps of the relationship sales model in order. Dealing with Resistance: Finding a…

A: Relationship sales model this model is a traditional sales technique where the sales representive…

Q: Innovators are eager to try new ideas and products, almost as an obsession. Which of the following…

A: An innovator is a person who invents or introduce new product or ideas. There are five discovery…

Q: Informative advertising is designed to create a consumer want and boost sales of a particular…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is Dell’s strategy for success in the marketplace? Does the company rely primarily on a…

A: The strategy that has helped company D to achieve huge success is the marketplace is its operational…

Q: sing communication constituents mentioned in a diagram explain the communication cycle with your own…

Q: The key point in the concept of a "cash cow" developed by the Boston Consulting Group is the point…

A: Explanation :- In business parlance, a cash cow is a firm that provides a consistent stream of…

Q: Twela company has implemented an initiative for knowledge management. How can you measure the return…

A: Knowledge management is the process which is used by the companies in order to increase the creative…

Q: Consider some of the consumer behavior topics for business-to-consumer (B2C) marketing. How might…

A: Business to customer [B2C] is a model in which the retailers (businesses) sell goods and services to…

Q: One way consumers can evaluate alternatives is to identify important attributes and assess how…

A: The consumer is likely to choose the product C, as it has the highest score of 5.4 .This has been…

Q: Which of the following retailers would be the best fit for the Jackery product? (Highlight one…

A: Cabela's and REI are companies that fall in the specialty retail category. Both companies cater to…

Q: Strategic decisions and management accounting. Consider the following series of independent…

A: State whether the firm is following a cost leadership or a product differentiation strategy for each…

Q: When a firm reaches out to a consumer through various digital methods such as email, mobile, and…

A: Product promotion providing information about the product, brand, company to the buyers with a…

Q: One way consumers can evaluate alternatives is to identify important attributes and assess how…

A: The weighted Average scores for all brands have been computed as below by multiplying score of each…

Q: Incorporating Stakeholder Impacts into Business SustainabilityAnalyses and DecisionsJack’s Apps…

A: A good growing company is one that is constantly bringing invitations and carrying out necessary…

Q: For each pair of firms, choose the one that you think would be more sensitive to the business…

A: A. General autos Because general pharmaceuticals is less of discretionary purchase comparing to…

Q: Name a product that captures your heart. What promotion did they use to build brand awareness within…

A: iPhone from Apple is a product that captures my heart. Whenever Apple introduces a new product,…

Q: Suppose that you are the manager of a coffee shop, and you are planning to invest o new coffee-maker…

A: Income Statement : It is the financial statement to prepared to know the performance and net income…

Q: Integrated marketing communication is not a straightforward process, after being exposed to a…

A: AIDA model is where consumers go through four stages before making the final purchase. The following…

Q: ABC bank offers a Business Grant to encourage a fresh graduate to become an entrepreneur. However,…

A: The complete explanation are as follows.

Q: Cempaka Enterprise manufactures pretty cardboard boxes. The company competes and plans to grow in…

A: Management accounting is the act of distinguishing, estimating, investigating, deciphering, and…

Q: Business success is tied to effectively managed strategies. Using the Internet, study Starbucks’…

A: Business Success: A Case Study of Starbucks Starbucks Corporation is an American company that deals…

Q: “Lifestyle and psychographic segmentations are very complex to understand and implement. Companies…

A: Demographic segmentation is defined as a market segmentation method based on variables such as age,…

Q: Consider the following series of independentsituations in which a firm is about to make a strategic…

A: 1. In Situation 1, when the business is focusing on cost reduction it is following the cost…

Q: Suggest one performance measure for each dimension of the balanced scorecard for Coral Creations.…

A: Balanced scorecard relates to a strategic tool that checks and guides the business activities to…

Q: Mini Case Suppose you decide (as did Steve Jobs and Mark Zuckerberg) to start a company. Your…

A: 1) Stock options are benefit which the company offers the employee as a reward. These are usually…

Q: You are in a committee meeting with the Head of Marketing and Head of Finance and are presenting a…

A: Credit sales of the business means goods and services sold to the customers on account. They have…

Q: "Advise the Pricing practices or policies to be adapted for each of the items discussed below with…

A: Pricing policies are adopted by the companies to price their products according to their…

Q: Which of the following marketing concepts believes that consumers will not buy enough of the…

A: The answer is Selling Concept

Q: If you are to give your assessment on the value of Artificial Intelligence in business strategy, at…

A: Artificial intelligence (AI) is the ability of a computer or a computer-controlled robot to do tasks…

Q: Balanced scorecard. Pineway Electric manufactures electric motors. It competes and plans to grow by…

Question

develop a new product or service of the company for teenagers OR aged people, try to be as creative as possible and as innovative is possible, develop a brand for product and estimate the price (will you use skimming or penetration price strategy?). Develop a promotional strategy in order to sell the product, example of advertising or FB , Instagram posts as realistic as possible.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

A fairly recent technology-related tool that many companies use to solicit feedback from customers about the company’s existing or upcoming products is a. market segmenting. b. customer relationship management. c. consumer buying behavior. d. sales forecasts. e. social media.
PROMOTING MYSELF (Chapter 8)• Create an outline for each of the following promotional strategies you plan to use as you begin your career. o Advertising: What does your resume look like? What does it say about you? Also consider what your social media profile says about you. If a prospective employer were to look at your Facebook, LinkedIn, or Twitter profile, would they like what they saw? Would it reflect the image of a thoughtful, driven professional?o Sales Promotion: Do the companies you want to work for offer unpaid internships? If so, how do you go about applying for them? How can you adjust your personal financial situation to take an unpaid internship if it helps to advance your career?o Personal-Selling: What will you say in an interview that will convince a prospective employer that he or she is better off with you than without you?o Public Relations: What do your colleagues think about you? Would your professors or classmates recommend you? Think about what you can do to…
Explain in details what is SWOT analysis. Do SWOT (Strength, Weaknesses, Opportunities, Threats) Analysis for the product that you are going to sell
When a firm reaches out to a consumer through various digital methods such as email, mobile, and social media, they are utilizing what? Select one: a. Firm promotions b. Brand building blocks c. Consumer touchpoints d. Digital brand media
Introduction to Marketing Complete the following: Choose 1 consumer product brand to be your â€œclientâ€ You may choose any consumer brand or select a brand from this list http://wwwbestglobalbrandscom/previous-years/2013 Review your clientâ€™s brand by researching its Web site and other supplemental resources, such as this directory to learn everything you can about the company, its customers, the management team, and anything else that will help you understand its brand http://wwwhooverscom/ You are the chief marketing consultant for your companyâ€™s brand Your goal is to help the company create an updated marketing plan by learning to apply the marketing process to communicate how great the companyâ€™s brand is to its current and potential customers in the marketplace and market space One of the first steps of the marketing plan is to understand the business goals of the project The job of the marketer is…
What are the components of a strategic plan? Find one of these components for the company you work for and share (if you are not currently employed, use the college you attend).
If you are to give your assessment on the value of Artificial Intelligence in business strategy, at what ratio (example: 50% AI, 50% in person) could AI be employed or utilized for online learning? Identify a particular course in your major (Finance) that you think AI will be useful and explain how this will contribute to a better learning experience for students, cost efficiency for students and the school, and safety and human values considerations. Please explain your answer and specify how you will incorporate AI in the course.
Conduct a viability study on a business opportunity on bottled water. Briefly explain what a viability study is and why it is important todo one when starting a business Explain about or describe the business opportunity you haveforeseen or heard about. (You could include that you havealready done a feasibility study). Conduct a viability study – explain step by step how you will dothis. Do a needs analysis - Assess if there is a need for the product orservice you want to offer Customer Profile - Find out about the people who are mostlikely to buy your products/services. Do a customer profile orcharacteristics of potential customers Mission and objectives – With the information obtained from theneeds analysis and customer profile, outline the mission andobjectives of the enterprise. Remember that the Objectivesshould be SMART(Specific, Measurable, Attainable, Realistic,Time-specific ) Calculate the market share – Once you are certain of themission and objectives of the…
. You are hired as an advertiser but you want more money for the launch of an advertisement write a dialogue in which you are convincing your Manager for more budget . While using communication constituents mentioned in a diagram explain the communication cycle with your own suggestions.
The foundation of every marketing strategy is the identification of a target market and the development of a marketing mix. The marketing mix is commonly referred to as the 4 P's of marketing: Product Price Place (also called distribution) Promotion Think about a fairly significant purchase you made recently and analyze how this product or service was marketed to you by the company. Do you think you are part of the target market that the company identified for this product? How did the company use the 4 P's of marketing to try to convince you to buy this product?
Answer the below- any product of choice which is internationally recognized is acceptable Name a product that captures your heart. What promotion did they use to build brand awareness within you?
Please put the 8 steps of the relationship sales model in order. Dealing with Resistance: Finding a way to overcome any objections Prospecting: Finding people to sell to Pre-approach: Learning about the prospect before meeting them. Needs Discovery: Learning their main buying motivators Follow-up and after sale service: Using techniques so they buy from you again Presentation: Matching the benefits of the product or service with their main buying motivator Closing: Asking them to buy Approach: Making a positive first impression > > >