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Alika [10]
4 years ago
13

Why are luxury brands more likely to use non-price competition as a marketing strategy than price competition?

Business
1 answer:
marta [7]4 years ago
8 0

Answer:

B. Their brands are built more on being unique than being a good deal.

Explanation:

Brand differentiation is about creating value (or the appearance of value). Most brands differentiate themselves on price, product offerings, or organization. For example, Dollar Shave Club entered the market by attacking its competitors on price and convenience.

Luxury brands, however, differentiate themselves by establishing some type of superiority through higher pricing. When we hear brand names like Louis Vuitton, Chanel, Gucci, Cartier, Rolex, Dior, Tiffany & Co., Burberry, Prada, and Lexus, we anticipate higher prices than their competitors but also expect authenticity, legitimacy, exclusivity, uniqueness, excellence, reliability, indulgence, or exceptional service.

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A stock you own earned: $200, $500, $100, and $700 over the last four years. What was the mean annual gain in value over the fou
Sphinxa [80]

Answer:

$375

Explanation:

A stock you own earned: $200, $500, $100, and $700 over the last four years.

We need to find the annual gain in value over the four years. We know that,

Mean = sum of observations/total no. of observations

Put all the values,

M=\dfrac{200+500+100+700}{4}\\\\M=\$ 375

So, the required mean annual gain is equal to $375.

6 0
3 years ago
When a service ranks low on the dimensions of customer contact, labor intensity, and customization, the service providers need t
Elenna [48]

Answer:

The correct answer is d. physical facilities and procedures .

Explanation:

The decisions that lead to the definition of the productive facilities of a company are planning decisions, that is, with a long-term horizon, since the objectives to be achieved are basically the definition of the investments to be made, and the foreseeable costs to incur, which will condition us, to some extent, such investments.

For this, it is necessary to have the most complete information (field work), not only of the market to which we intend to supply, but also, and in particular, of those data that can directly influence the design of our facilities and exploitation processes, such as:

  • Technologies and processes used in this type of business
  • Level of the qualities demanded by the market
  • Raw material suppliers and their degree of concentration (associations)
  • Product distribution channels
  • Regulations and regulations in this type of activity, and particularly those related to Workplace Safety.

The methodology to be followed for the design of the facilities is set out in the following table, and constitutes the set of tasks that must be performed before the start-up of a business.

5 0
3 years ago
1.different types of socialization?​
patriot [66]

Answer:

Primary and secondary

Explanation:

Generally there are 5 types of socialisation.

1. Primary

2. Secondary

3.Anticipatory

4. Development

5. Resocialisation.

But the common are primary and secondary

6 0
4 years ago
Read 2 more answers
As the price of samosas (a kind of food in india) was raised from 2 to 3 rupees (indian currency), their quantity demanded fell
Scorpion4ik [409]

Answer: Elasticity of demand of samosas is 0.6

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price of the good. It can be measured using the mid-point method,

e=\frac{Q2 -Q1}{\frac{Q 1 + Q2}{2} } * \frac{\frac{P1+P2}{2} }{P2 - P1}

e=\frac{12,000 - 15,000}{\frac{15,000 + 12,000}{2} } * \frac{\frac{2+3}{2} }{3 - 2}

e=\frac{- 3,000}{13,500} * \frac{2.5}{1}

e= 0.22*2.5 = 0.5555

Therefore, elasticity of demand is 0.6

5 0
4 years ago
Stock X and Stock Y have a correlation coefficient of .5. Stock X has an expected return of 10% and a standard deviation of 10%.
ddd [48]

Answer:

12.53%

Explanation:

Since there are only two assets in the portfolio, its standard deviation can be determined using the two-asset portfolio standard deviation provided below;

σP = (wA2 * σA2 + wB2 * σB2 + 2 * wA * wB * σA * σB * ρAB)^(1/2)

wA=proportion of the portfolio invested in X=60%

σA=standard deviation of return on X= 10%

wB=proportion of the portfolio invested in Y=40%

σB=standard deviation of return on Y =21%

ρAB= correlation between X and Y=.5

σP=(60%^2*10%^2+40%^2*21%^2+2*60%*40%*10%*21%*.5)^(1/2)

σP=12.53%

5 0
3 years ago
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