1. Managers should base pricing decisions on both cost and market factors. In addition, they must also consider legal issues. Describe the influence that the law has on pricing decisions.
Legislation may influence pricing decisions in various ways. The simplest one is the direct influence that involves setting the minimum or maximum retail price for a certain product. For exampl... read more
1 page
300 words
All organizations should evaluate their performance regularly to ensure that they achieve the set objectives. Performance evaluation enables the management to implement corrective measures in the normal operations of the business. The two performance measures that an organization can use include the balanced score card and the economic value added me... read more
1 page
300 words
Identify and describe their customers
Wal-Mart is among the, numerous lucrative, private employers within United States. It prides itself on providing quality customer services and outstanding products at considerate prices. In addition, this organization believes in fair treatment of their customers and attending to their demand... read more
10 pages
3000 words
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