Can someone help me with this. Will give brainly

Assignment 1R
(20 points)
Assignment 1R: Selling and Pricing
Instructions

Save this file in your course folder, and name it with Assignment, the assignment letter, the section number, and your first initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named Assignment1RJRobinson.

Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.

Review Lesson 4 of the Course Overview for instructions about turning in your assignments.

Assignment Questions

In Section 1, you learned about selling and pricing. Now, you'll apply what you learned.

1. Choose a type of company that would have sales people, and then answer the following questions about it. TIP: Choose a type of company that you would be interested in working for or starting up yourself.

a. Describe the product the company sells. (1-3 sentences. 2.0 points)

b. Which needs in Maslow's hierarchy does this product appeal to? Why would customers want this product? (1-5 sentences. 3.0 points)

c. Describe the role a sales person would play in selling this type of product. How much help would customers be likely to need from the sales person? (1-3 sentences. 3.0 points)

d. What sales methods do you think would work best for selling this product? TIP: Would you sell the product online, over the phone, in a store, etc.? (1-5 sentences. 2.0 points)

e. Describe the methods you would use to pay and motivate sales people to sell this product. Would you use sales quotas or a particular type of commission structure? Why or why not? (1-5 sentences. 2.0 points)

f. What price do you think the company should charge for this product? Explain what factors you considered in deciding what price to charge. (1-6 sentences. 4.0 points)


g. What pricing strategies do you think would be most successful for this type of product? Describe at least one strategy that would work well for this product, and explain why you believe it would work. TIP: Pricing strategies include psychological pricing, unit pricing, product line pricing, promotional pricing, penetration pricing, and price skimming. (1-6 sentences. 4.0 points)

Answers

Answer 1

Answer:

1. Choose a type of company that would have sales people, and then answer the following questions about it. TIP: Choose a type of company that you would be interested in working for or starting up yourself.

a. Describe the product the company sells. (1-3 sentences. 2.0 point

This company sells items like Phones, Laptops, Headphones, Apple Car    Play, Chargers.

b. Which needs in Maslow's hierarchy does this product appeal to? Why would customers want this product? (1-5 sentences. 3.0 points)

Apple items, such as phones, tablets, and computers, are used to interact with others, so I believe it belongs in the social level.

c. Describe the role a sales person would play in selling this type of product. How much help would customers be likely to need from the sales person? (1-3 sentences. 3.0 points)

They will assist in the marketing of the product they are selling by offering examples that would aid in the sale of the product. The more the product does, the higher the fee paid to the salesperson. They will probably not need much assistance, as a salesperson's primary duty is to help the company market its product or service effectively.

d. What sales methods do you think would work best for selling this product? TIP: Would you sell the product online, over the phone, in a store, etc.? (1-5 sentences. 2.0 points)

Right now, I'd do it on a few different websites. as a result of the pandemic If the pandemic was over, the safest place to be would probably be in a Cellphone store. Since so many people watch television, I will often advertise on television advertisements. or I'd use social media to advertise because I know a lot of teenagers and young adults who love apple and use social media.

e. Describe the methods you would use to pay and motivate sales people to sell this product. Would you use sales quotas or a particular type of commission structure? Why or why not? (1-5 sentences. 2.0 points)

-I would use progressive commission sales, for example:

number of units sold                sales commission

0 - 250                                           2.75%

251 - 500                                       4.50%

501 - 750                                       6.25%

751 - 1,000                                    8.75%

1,001 - 1,250                                 10.50%

-Salespeople would be inspired to sell more units in this manner because they will see a substantial rise in their profits as their sales volume increases.

f. What price do you think the company should charge for this product? Explain what factors you considered in deciding what price to charge. (1-6 sentences. 4.0 points)

I think the company should charge 75$ for headphones, 350-400 for laptop, and 400$ phones. I believe that if prices were lowered the more product would be bought. Not saying their products aren't worth the price that they already are but i believe lower price higher product in demand.

g. What pricing strategies do you think would be most successful for this type of product? Describe at least one strategy that would work well for this product, and explain why you believe it would work. TIP: Pricing strategies include psychological pricing, unit pricing, product line pricing, promotional pricing, penetration pricing, and price skimming. (1-6 sentences. 4.0 points)

I would do promotional pricing because if I can get customers to get interested in the  product quicker, it would be better in the long run. Promotional pricing is when there is a short time of a lower price to increase the volume of sales. Which is why chips/salsa/etc go on sale around the biggest sporting events.


Related Questions

Can someone please help me with this question!

Answers

Answer:

I think you got it right*

Explanation:

I think this is the same question I took.

3. Improving employee motivation is likely to:
A
B
С
D
- encourage staff to work harder
increase staff absence
lower productivity
reduce workforce punctuality

Answers

A. encourage staff to work harder. by motivating the employees they are more likely to work harder.
A. Motivation will increase their productivity and give enough hope for them to work harder.

A loss is when
A. Revenue is greater then expenses
B. Revenue is less than expenses
C. Revenue is equal to expenses
D. None of them

Answers

The answer is B revenue is less than expenses

The answer to this question would be B

Please hurry!! Imagine that you have been approved to participate in a cooperative education program. In two or three sentences, indicate where you would like to work and describe what you hope to learn from your job placement there. Be sure to include three to five specific examples of what you would hope to learn.

Answers

Answer:

Answer:

A response might look similar to what is below.

Explanation:

I would like to work in an elementary school.  I would hope to learn what is to be taught and how it is to be taught.  I hope to learn about the expectations for student learning and also the expectations of a classroom teacher.  I also would like to learn the type of education I need to become an elementary school teacher.

find the square root of 31-4√21​

Answers

Explanation:

3x+4=-2 hope that helps.

Which statement best describes the lesson we can learn from Lupe's experience?

It’s too much work to open a checking account.
It’s only important to track large amounts in personal records.
It’s important to keep accurate records.
It’s best to use only one document to track spending.

Answers

Answer: it’s important to keep accurate records

Explanation:

Just did it

Considering the story of Lupe, the best statement that describes the lesson we can learn from Lupe's experience is "It’s important to keep accurate records."

The story of Lupe revealed that when people from authority tend to assess and crosscheck the accounting records when performing the auditing process.

This process is to check the actual proof of the transaction and look for any inaccuracies.

Any inaccuracies found could be used as a basis to indict people for financial fraud, regardless it is an honest mistake or not.

Hence, in this case, it is concluded that the correct answer is option C. "It’s important to keep accurate records.

Learn more about auditing here: https://brainly.com/question/25388600

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