Ask Question
3 January, 16:41

You operate a lemonade stand. The wholesale cost of lemonade is $0.50 per unit. The cost of rent for the stand is $50 per day. You need to choose your pricing and advertising strategy. You are considering three alternatives:

+3
Answers (1)
  1. 3 January, 16:55
    0
    Cost plus pricing

    Competitive pricing

    Social media advertising

    Explanation:

    Cost plus pricing involves adding a mark-up on cost of lemonade and cost of rent.

    Competitive pricing involves setting a price based on what other lemonade sellers charge

    Social media advertising - this includes raising awareness on social media platforms
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You operate a lemonade stand. The wholesale cost of lemonade is $0.50 per unit. The cost of rent for the stand is $50 per day. You need to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers