Individual Project

Rebecca Lomax Module 6 Discussion Questions 1. Briefly explain the four-spot major factors that should go into the setting of prices, as discussed in imprint 6 (a) The four major factors that should go into the setting of prices amity to the photograph atomic number 18 as follows: (1) petition: how bad a person fates your good or service. (2) bell: the amount a product is worth. (3) rivalry: competing with some bingle. (4) government laws: single has to always patronage by government rules and regulations. 2. Based on tv 6 (b) (a) From which frugal environment do venders fork out and escape? Discussed in the video economic environment that marketers attack to escape is meliorate competition because there are no fair profits. (b) Which economic environment do marketers strive to carry out? According to the video four environments that they te ach are substitute products more worthy for people is first perfect competition which consists of more buyer and sellers, equivalent products also in this environment marketers set the price. Second, noncompetitive competition that consists of few sellers, more buyers and this clipping different products, making the marginal revenue different, and the one marketer favor the most. Next, is oligopoly where they receive less sellers, marginal cost curves.

remainder is monopoly better know as one seller. (c) Why do marketers love to be in the destination environment, (b) above? Discussed in the video the priming coa! t marketers love to be in the destination environment monopoly because products are different, they have more profit, no other profit has the same products or features as one which is why marketers love it. (d) How do marketers turn back from question 2 (a) above to question 2 (b) above? What should they do to get there? Discussed in the video differentiate your profit and lease it more desirable utilize the four ps. 3. (a) Explain...If you want to get a total essay, order it on our website: OrderCustomPaper.com

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