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The online retail operation you recently opened is doing well but you are uncertain of your pricing strategy. Currently the typical customer purchases four items at an average price of $11.96 and for an average transaction size of $47.84. The cost of goods is 60 percent of sales, which yields a gross margin of 40 percent. You are considering lowering prices by 10 percent across the board so you can better compete with other music e-tailers. If you lower prices by 10 percent, you believe that the average number of items purchased per customer would rise by 25 percent.
Assuming your assumptions are correct, should you lower prices by 10 percent across the board? If not, do you have an alternative pricing strategy to propose?
Address the following in your paper:•Review the scenario and address each question while showing work for all mathematical problems.•Provide full analysis for all conclusions made.•For any assumptions made, be sure to reference the scenario when providing justification for responses.
Illustrate what is the president likely to do also illustrate what should the president do from the ethical point of view (if different from illustrate what you think he would do)
Ray company produces two different metal component used in medical equipment (component X and Component Y ). The company has three processes: molding, grinding, and finishing. In molding , molds are created, and molten metal is poured into the shell...
Find economies of scope. Provide examples of specific actions Harley-Davidson's managers could take to reduce expenses or share activities through horizontal relationships across brands. Find ways to achieve economies of scope by leveraging assets an..
From the e-Activity, determine two (2) other costs that BP might have incurred. Give your opinion as to whether or not BP would have been better off had the company taken the necessary precautions to prevent or minimize an oil spill. Support your ans..
Find and describe at least three technological components that are required for data-driven decision making. Be sure to explain how each component is relevant to business analytics.
One of most common fraudulent activities reported by employees about their coworkers is lowering quality standards to cut costs. discriminating in the hiring process.
The question: What are organizational values? How do they differ from personal vaues
Describe how you think health organizations and health care management could be affected by what you reported
court case of lawsuitthe supreme court has held that the selection guidelines in the federal governments uniform
Conduct research and find a case study on implementing information technology driven solutions for supply chain/logistics systems. Do some research on the case, summarize the information and compose a report.
Summarize the actions taken to meet ethical considerations relative to social performance, financial performance, and reputation.
Research Paper will require students to submit 5-6 double-spaced, typed pages regarding a topic identified in the textbook or another topic relative to this course.Suggested topics are: 1. The Appraisal Profession 2. The Appraisal Process
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