Malcolm has decided that he wants to open up his own law practice. The time has come to establish prices for his services. Due to his extensive experience and legal background, he believes that his fees should not relate directly to the time or effort spent on specific cases. Now that Malcolm has chosen the pricing strategy he wants to use, what is his next step? a. evaluating competitors' pricesb. choosing a basis for setting pricesc. determining the final priced. assessing the target market's evaluation of pricee. developing pricing objectives
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Malcolm has decided that he wants to open up his own law practice. The time has come to establish prices for his services. Due to his ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In your opinion, what are the most pressing and significant concerns facing communities today? Why do you think so? How would a business's community relations department address that concern?
Answers (1)
Calculate the net working capital from the information given below. the figures are in millions of dollars.
Answers (1)
Duane has a small woodworking business and saves the money for college. He stores his tools in his apartment. Duane would like to buy a utility trailer for his tools. It will cost $2,800.
Answers (1)
Assume Bank A received an initial deposit of $6000, Bank B received an initial deposit of $10,000, and Bank C received an initial deposit of $2000 Initial Deposits: $6000; $10,000; $2000 Money Multipliers: 50, 25, 20 Reserve Rates: 5%; 2%;
Answers (1)
Delivery costs at Hernandez, Inc. appear below for specific months of operations: Month Amount Units Produced March $20,000 16,000 April $18,000 12,000 Which type of cost are delivery costs at Hernandez?1. Mixed2. Variable3. Fixed
Answers (1)
New Questions in Business
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.
Answers (1)
Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines.
Answers (1)
Use the following example to answer the following questions: Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the bank.
Answers (1)
Barr Corp. started a long-term construction project in 20X0. The following data relate to this project: Contract price $4,200,000 Costs incurred in 20X0 $1,750,000 Estimated costs to complete $1,750,000 Progress billings $900,000 Collections on
Answers (1)