Price

been worth? There were many variables that came into play when selecting a price of a slave. Some variables include age, sex, the point in time, location, health and how much he or she is likely to produce. Prices were noticeably higher for men in their prime and woman in their childbearing years.A slave who was an artisan or had any domestic skills were also seen as more valuable. There is no set price for a slave, all prices were estimates based on opinions. Age influenced pricing because if…

industry, we are very familiar with our own offerings and the next best alternative in each of our business segment. • Buying power of raw steel – The organization has the ability to purchase a large quantity of raw steel and in turn get a very good price point on this material.…

the customer a higher end product at a lower cost. The retail market is very competitive and has a broad range of competition from Sears, Macys and Nordstrom. The best cost strategy works well when the target customer is extremely price sensitive and small changes in price bring about large changes in sales volume (Turner, 2010). JC Penney when successful in the 80s and 90s when they catered to the middle class. When Ron Johnson became CEO in 2011, he started to focus on the higher end…

costs, marketing costs, support costs, etc. Life Cycle costs = ($180+$2) *40,000+$320,000 =$7,600,000 Expected/target cost The target cost is the difference between selling price and target profit. The initial market for Kennel-Up’s new ferret cage was estimated to be 40,000 cages over a five-year period with a proposed selling price of $240.00. Based on the survey of focus groups and a market feasibility assessment, the marketing department expected that the new ferret…

Economy-Style Having a clearly defined price range is important when you plan to buy anything. As compared to the prices that other headset brands have, Plantronics headsets are much cheaper. As a customer, you would not have to empty your pockets to buy these headsets. In addition to that, these headsets have much better features than what other brands offer to the customers. Plantronics backbeat Pro 2 is an advanced headset available at a very economical price. This headset works well for…

media convenient but it is also becoming the mainstream one stop shop. We are focused on low prices with a wide variety of products that will be available to every demographic through social media. Target Market The target market demographic for Amazon: 1) Bargain shoppers, generally speaking…

Mart operates in the retail and grocery industries. Wal Mart achieves competitive advantage by leaning on its suppliers, since it does not make many of the products in its retail stores, to provide goods to Wal Mart and its customers at the lowest price point possible. Wal Mart moves into areas, neighborhoods and locales where established competitors are operating and undercuts them, taking advantage of its economies of scale and nationwide and even worldwide distribution, supplier and retail…

The supply of demand can affect prices for items in the market, but will raising the price of a product cause future loses for the company? Both fairness and ethics are important to include in your decision making, even in business decisions. Fairness may dominate economically rational choices in our decisions, and is usually inconsistent with economic models. For example, if a store increases the price of snow shovels after a storm or a generator after a hurricane; the business that acts…

supplier-1 provides more than the demand, we pay a fee for each extra supply from supplier-1. Sales are how much revenue the manufacturer generates by selling the supplies. Cost from each supplier is calculated as number of supplies is multiplied by each price. Supplier-1 charges the manufacturer $40 per unit while supplier-2 charges the manufacturer $80 per unit. Finally, profit is calculated as costs from supplier-1, supplier-2, and disposal activities, are subtracted from revenue. When the…

the base price for a particular seat with a discount for the purchase. The actual price of the season ticket plan will be determined by which seats are chosen, and the seat price is determined by proximity to the field…