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Gnoma [55]
1 year ago
5

Marketers who start with the price demanded by consumers and then create offerings to meet the price are utilizing which pricing

strategy?
Business
1 answer:
kondor19780726 [428]1 year ago
6 0

Marketers who start with the price demanded by consumers and then create offerings to meet the price are utilizing demand backward pricing.

       A demand-oriented pricing strategy called demand-backward pricing bases a product's price on what customers are willing to pay. However, it's imperative that there be no loss in this situation. Instead, the goal is to determine a pricing point that satisfies both the demands of the consumer and the business.

  In this, manufacturers have the choice, in the event that sales are weak, to purposefully degrade product quality in order to achieve the desired price. Demand-backward pricing is particularly helpful for businesses who are entering new markets and want to build a consumer base right away without having to cut their rates afterwards.

To learn more about consumer click here:

brainly.com/question/27773546

#SPJ4

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If a product becomes more popular and consumers want more​ produced, which of the following best describes what happens to move
Vsevolod [243]

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Explanation:

4 0
3 years ago
What health care business decisions are based on financial statements? And what are some examples?
mario62 [17]

Answer:

Only certain decision-making offered here is determined by the financial proclamations of that same healthcare institution.

Explanation:

  • Whether we should start reversing this same healthcare services doorstep.
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5 0
2 years ago
When applying for a loan, the lending institution evaluates a potential borrower's ability to complete repayment on a loan, cash
viktelen [127]

Answer:

D. Capacity

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In order to applying for a loan, the financial institution analyze the borrower information in terms of creditworthiness i.e. collateral property, cash on hand, repayment conditions, status of the job. These factors should be based on the capacity of the borrower whether he or she is eligible for a loan or not

Therefore according to the given situation, the option D is correct and the same is to be considered

6 0
3 years ago
if consumers are willing to pay a higher price than previously for each level of output, you can say that blank has occurred A.
Sauron [17]
The answer is c.....
6 0
3 years ago
Suppose a worker in Peru can produce 11 lamps or 4 dressers in a day and a worker in Canada can produce 15 lamps or 6 dressers i
wolverine [178]

Answer:

4/11 and 6/15 dressers.

Explanation:

Absolute advantage is the ability of a country to produce more of a product given the same resources than another country per unit time. It also applies when a country is able to produce same amount of goods with another country given less inputs.

So a country that produces more goods uses a more efficient process to get more output.

In this scenario a worker in Peru can produce 11 lamps or 4 dressers in a day and a worker in Canada can produce 15 lamps or 6 dressers in a day. Canada has absolute advantage in producing lamps and dressers, so importing these items will not be beneficial.

To get a balance where both countries will benefit a lamp will have to go for a ratio of each countrie's product to the opportunity cost.

That is for Peru to produce 4 dressers it will have opportunity cost of 11 lamps. So the ratio is 4/11.

Also for Canada to produce 6 dressers it will have opportunity cost of 15 lamps. So the ratio is 6/15.

Lamp should trade for between 4/11 to 6/15 dressers for both countries to benefit.

4 0
2 years ago
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