Lecture 5: PRICE AND PLACE Price: - Define the pricing concept and explain different pricing methods ( cost oriented‚ competitor oriented and market oriented pricing) -Explain pricing strategies for new products( market penetration and market skimming) AND existing products. ( Understand condition and when we can use it) -Consider ethical issue in pricing ( don’t think it will be on the exam) PLACE: Define place(distripution) concept and explain the role of intermediaries in distribution
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AND CONs OF INCREASING OIL PRICE 1. INTRODUCTION In this decade‚ the price of oil has been raised 3 times. The era of President SBY has the record of increasing oil price (premium). The policy was made by SBY has become pro and con between the expert of economic. Some people said that increasing the oil price is just can’t be done because it’s contra with UU‚ but government said that if we don’t raise the oil price it will absorb the APBN because the import oil price is higher and higher time
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A. If the price of natural gas‚ a resource used by manufacturers throughout the United States‚ were to double‚ the cost of production of notebooks would most likely increase as well. This would then lead to a decrease in supply (a shift to the left). Changes in Equilibrium of Notebooks Price: Increase Quantity: Decrease Determinant: (ROTTEN) Resource: cost and availability B. If the government were to provide a subsidy for notebook manufacturers‚ the cost of production would
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Condoleezza “Condi” Rice is an American political scientist. Condi served as the 66th United States Secretary of State. The second person to hold that office in the administration of President George W. Bush. Condi became the first black woman to hold the post. Condoleezza went on becoming the first black woman to serve as U.S. Secretary of State‚ serving January 2005 to 2009. Condoleezza Rice was born on a November 14‚ 1954‚ Birmingham‚ Alabama. Condi was born as the only child of Angeline and John
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sign for Woolworth. The Coca-Cola Company 1950. The Coca-Cola Company Prices change; that’s fundamental to how economies work. And yet: In 1886‚ a bottle of Coke cost a nickel. It was also a nickel in 1900‚ 1915 and 1930. In fact‚ 70 years after the first Coke was sold‚ you could still buy a bottle for a nickel. Three wars‚ the Great Depression‚ hundreds of competitors — none of it made any difference for the price of Coke. Why not? In 1899‚ two lawyers paid a visit to the president of Coca-Cola
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administration set a goal of achieving rice self-sufficiency by 2013 under the implementation of the National Rice Program. The country was declared 98% self- sufficient by the end of 2012. And just this fourth quarter of the year‚ Agriculture Secretary Proceso Alcala stated that full sufficiency in rice is considered to be attainable at the end of 2013. The NRP just one of the various government programs dealing with the reduction of poverty in the country through rice support. PPP or Public-Private
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wage and price controls in response to exceptionally high inflation rates. However‚ Wage and price controls are government restrictions on the rate at which wages and prices may rise during a specific time period. They are most often imposed during wartime to prevent profiteering and steep rises in the price of rare consumer goods. Many nations‚ including Canada‚ instituted a system of both price controls and rationing during WWII to prevent the exploiting and steeply rising prices that might
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|food |clothing | |2002 price |$4 |$10 | |2003 price |$6 |$20 | a. What are the percentage increases in the price of food and in the price of clothing? b. What is the percentage increase in the CPI? c. Do these price changes affect all consumers to the same extent? Explain. [ii]. Which is likely
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Question 5 – Transfer Price Division A‚ which is part of the ACF Group‚ manufactures only one type of product‚ a Bit‚ which it sells to external customers and also to division C‚ another member of the group. ACF Group’s policy is that divisions have the freedom to set transfer prices and choose their suppliers. The ACF Group uses residual income (RI) to assess divisional performance and each year it sets each division a target RI. The group’s cost of capital is 12% a year. Division A Budgeted
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10 / 31 / 2012 HOW TO COOK JOLLOF RICE You can prepare well cooked jollof rice by doing the following steps. You need to go to the market and purchase the required ingredients necessary for the preparation of the jollof rice which includes; two cigars of long grain white rice‚ chicken ( drumstick‚ chicken breast )‚ pepper and salt ( to taste )‚ tomatoes ‚ onions‚ seasoning ( three maggi cubes and
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