Consider that you have designed an ergonomic chair that reduces back strain. You want the top price for your high-quality product. Discuss what can be done to ensure that customers will buy at the higher-end price.
What will be an ideal response?
Emphasis should be placed on the product as a luxury product. People expect to pay more for quality and will doubt the quality if the price is low. The entrepreneur should focus on explaining the uniqueness of the product relative to competitors. Care should be taken to define the brand by choosing the name, logo, and designs. Communicate the brand in a way that sets the product apart from others.
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The balances in deferred (unearned) revenue accounts represent amounts that are Earned Collected I. Yes No II. Yes Yes III. No No IV. No Yes
A) I B) II C) III D) IV
A company loaned $6,000 to another corporation on December 1 . Year 1 . and received a 90-day, 1 . percent, interest-bearing note with a face value of $6,000 . The lender's December 31 . Year 1 . adjusting entry is
a. Interest Receivable $150 Interest Revenue $150 b. Interest Receivable $ 50 Interest Revenue $ 50 c. Interest Revenue $100 Interest Receivable $100 d. Interest Revenue $150 Interest Receivable $150
A business is globalized when it
a. sells in another country. b. has a distributor in another country c. can market its product anywhere in the world. d. produces in another country.
The ________ method evaluates all feasible solutions to determine the optimal solution
Fill in the blank with correct word.