Question 1
According to economic theory:
• How would a manager determine the profit maximizing price for a product or service?
• Why is setting an appropriate price one of the most difficult decisions a manager makes?
• Why is a pricing policy important and what are some of the objectives of a pricing policy?
• How does a pricing policy help companies differentiate their brands from their competitors?
• Are there ethics involved in pricing and what are they?
Question 2
Harmonization is an important topic in the accounting profession as many accounting standard setting organizations attempt to harmonize or converge existing accounting practices and principles. Locate an article discussing harmonization or convergence of accounting standards. Briefly summarize the article. Do you agree or disagree with the article? Why must we distinguish between convergence and harmonization?
Question 3
The key components of corporate strategic direction include moving an organization forward, maintaining stability, and reversing any sort of organizational decline..
With that in mind; what are some steps you should consider when taking control and trying to move an organization forward. Take a look at some of the current fastest growing companies with the top job growth and explain their approach to what made them an immediate success.