How do you figure out the actual value of a product? How much it costs to make and what it's priced at?

How do you figure out the actual value of a product? How much it costs to make and what it's priced at?
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Answer :

All value is subjective. Prices are just the equilibrium of what amount someone wants to sell it for and what amount someone wants to buy it for.
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In the long run, M&M Mars must view __________ as the floor below which its chocolate bars cannot be priced. A)a 10 percent return on investment B)product development costs C)costs D)advertising expenditures E)Nestle's prices

Description : In the long run, M&M Mars must view __________ as the floor below which its chocolate bars cannot be priced. A)a 10 percent return on investment B)product development costs C)costs D)advertising expenditures E)Nestle's prices

Last Answer : C)costs

Companies with this strategy state their vision as follows: Low priced products for the whole industry, our brands offer solid value. Our primary stakeholders and bondholders, customers, stockholders and management. a. Niche Cost Leader b. Cost leader with Product Life Cycle Focus c. Differentiation Strategy with a Product Life Cycle Focus d. Broad Cost Leader e. Broad Differentiatio

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Last Answer : d. Broad Cost Leader

Depreciation (A) Costs (on annual basis) are constant when the straight line method is used for its determination (B) Is the unavoidable loss in the value of the plant, equipment and materials with lapse in time (C) Does figure in the calculation of income tax liability on cash flows from an investment (D) All (A), (B) and (C)

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Last Answer : (D) All (A), (B) and (C)

A run -out policy of product deletion: A)lets the product decline without changing the marketing strategy B)exploits any strengths left in the product C)raises the price of the product continually to secure as much profit as possible before the product is priced out of the market

Description : A run -out policy of product deletion: A)lets the product decline without changing the marketing strategy B)exploits any strengths left in the product C)raises the price of the product continually to secure as much profit as possible before the product is priced out of the market

Last Answer : B)exploits any strengths left in the product

When a segment’s product supply exceeds demand, how much appeal, to the customer, will a product priced $1 above or below the segment price range lose? a. 5% b. 10% c. 15% d. 20% e. 0%

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Last Answer : d. 20%

Which type of product might require a more direct marketing channel to avoid delays and too much handling? A. products in their decline stage B. products in their maturity stage C. perishable products D. high-priced products

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Last Answer : A. products in their decline stage

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Last Answer : c. It loses 20% of its appeal.

Which of the following statements is/are correct? 1. A materials requisition note is used to record the issue of direct material to a specific job. 2. A typical job cost will contain actual costs for material, labour and production overheads, and non –production overheads are often added as a percentage of total production cost 3. The job costing method can be applied in costing batches (a) (1) only (b) (1) and (2) only (c) (1) and (3) only (d) (2) and (3) only

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The actual output of 162,500 units and actual fixed costs of Rs. 87000 were exactly as budgeted. However, the actual expenditure of Rs 300,000 was Rs. 18,000 over budget. What was the budget variable cost per unit?

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Last Answer : (a) Rs 1.20

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Last Answer : d) shared savings performance contrac

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Which of these terms is defined as buying a lower-priced product rather than a more expensive?

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Last Answer : I cannot see the terms, but it may be purchasing power.

If the break-even point lies ____ anticipated demand, implying a loss on the product, and then the product may be discontinued or, may receive additional advertising and/or be re- priced to increase demand.

Description :  If the break-even point lies ____ anticipated demand, implying a loss on the product, and then the product may be discontinued or, may receive additional advertising and/or be re- priced to increase demand.

Last Answer : Ans. Above

Advertising appropriations are largest for which type of product 1. industrial products 2. convenience goods 3. high-priced products 4. specialty goods 5. infrequently purchased goods

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Last Answer : convenience goods

In the December customer survey, a product would not receive a perfect score of 100 if a. it was priced at the bottom of the expected range. b. it was perfectly positioned. c. it had an MTBF at the middle of the expected range. d. it had 100% awareness. e. it had ideal age for segment.

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Last Answer : c. it had an MTBF at the middle of the expected range.

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Last Answer : D)fail to disclose information to consumers about the risks associated with using a produc

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In actual applications, electrical connections to 'R1-R2' of figure 'A' and to 'R1-R2- R3' of figure 'B' shown in the illustration are made by ______________. EL-0092 A. soldered contacts B. spliced and taped connections C. slip rings and brushes D. solderless crimp-on connectors

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Last Answer : Answer: C

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