1: Tariffs encourage Americans to buy U.S.-made products. (Points: 13) I find this position to be valid. Tariffs are basically taxes on imports, thus making imported goods more expensive to buy (Nickels, McHugh & McHugh, 2008, p. 75). Protective tariffs are designed to raise the retail price of imported products so that domestic goods are more competitively priced (Nickels, McHugh & McHugh, 2008, p. 76). Therefore, if when a consumer enters a store and sees similarly priced products, one imported and one made domestically, they can choose a US made product without feeling as if they are overpaying for the same product.
Enlarging the EU would bring democratic institutions, protect human rights, and would end the divisions in Europe which would benefit the member stated who would be bringing peace to the region. The more countries that were involved within the EU, the more successful and significant it would be. It was not only the economy of others which would be an advantage to member states but also the links that other states had. Former communist states had links with Russia which the EU could use for diplomatic link as Russia would not join. The USA and Russia were in favour of the expansion because eastern states would be involved in western politics and their systems.
Close substitutes B. Diseconomies of scale Correct C. Government licensing D. Price-taking behavior Answer Key: C Question 3 of 19 5.0 Points Other things equal, which reduces competition in an industry? A. Patent laws Correct B. Freedom of entry for new firms C. An increase in the number of producers D. An increase in the number of buyers Answer Key: A Question 4 of 19 5.0 Points The representative firm in a purely competitive industry: A. Will always earn a profit in the short run B.
Which method would lead to the best decision when a competitor is submitting a lower bid for your product? The absorption cost method will show the profitability and will provide the best references concerning how much money the company will make as compared to the bidder who has the lowest bid. Absorption costing will be more useful to companies that do not sell all of its products manufactured during a certain period. By using absorption costing the cost of the product, is not going to be shown until the time that
1 Q) Why was it necessary for Pierre Lang to look at fundamental changes in its business model and information systems? Answer: It is necessary for Pierre Lang to look at the fundamental changes in its business because Pierre Lang decided to expand its business into Eastern Europe, and therefore it decided to change its business model and the underlying information systems and business processes from traditional to computerization. The company also knew that it is losing business because it was unable to keep track of customers and it doesn’t have direct contact with them. So, the company is thinking to change its business model process to be structured properly, so that minimizes the errors that occur in business processes. And also thinking to develop better information systems than ever before by working with Fortinet.com.
RSC wants to make sure they get paid in the event of a sale or liquidation of the company. The PCPT feature was deemed necessary by RSC because management of Metapath could sell the company at a small step up from the current round of financing with significant profits, leaving RSC with little more than they put in. How would RSC’s participating preferred interact with the other tranches of preferred stock? Tranches C& D would receive less because of the liquidity preference for PCPT in the event of a sale. Tranches A & B would receive their money back.
It is important for Ross stores to have this name brands at this discounted price to appeal to the trend and create more opportunities for the company. Although there are substitute merchandise out there, today’s society still want that brand name at the best affordable price. 4. Technological: Invest in new information systems and technology to provide a platform for growth over the next several years. Their growth in technology is important in the growth of their platform; today’s society is fast paced when it comes to technology.
EVC analysis (Appendix A) shows that the new pad’s EVC is ~$4,500 and CMI must now decide on how to price the new product as to distribute the value between themselves and the customers. Chosen Alternative - A few alternatives for pricing the pads have been considered including high and low customer inducement and cost plus. The chosen alternative was the low customer inducement keeping most of the value at CMI which should generate more profit. Implementation Plan - The market plan created for the product’s penetration places an emphasis on targeting long lasting customer relations such as large construction companies and positioning the product as a high end technologically superior product. Contingency Plan - We try to map two scenarios that might cause us to re-evaluate our marketing plan such as unanticipated reaction from the customers or the competition.
MKT1Western Governors University Table of Contents The Product .........................................2 Target Market ......................................2 Competitive Situation Analysis ...........2 SWOT Analysis....................................3 Market Objectives ................................4 Marketing Strategies ............................4 Tactics and Action Plan ........................5 Monitoring Procedures .........................7 The Product Company G has striven to make some of the best mixing products at the least cost to the company and consumers. The Little Wonder, Company G's new, smaller, mixing product comes with characteristics that are hard to ignore and a 4 year warranty that is double that of competing
Additionally, it is expected that the acquisition would allow for Timken to have a greater power of negotiation regarding price. Product bundling would allow for more customized products, offer installation and maintenance services, as well as ongoing engineering to stand out from the imports. This bundling, combined with the 80% overlap in customer base, would allow Timken to provide a more complete product line, as well as more efficient new-product development. Working with the assumptions of Torrington experiencing a 3% growth in perpetuity from 2008 onward, a corporate tax rate of 35%, a WACC of 8.44% (Appendix A), and the given cash flows from 2003 onward, our valuation of the standalone Torrington Company