1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonja [21]
4 years ago
7

Pricing your product below competitors can be effective strategy when​

Business
1 answer:
jarptica [38.1K]4 years ago
8 0

If the market is price sensitive, this means consumers react to small variations in price. In this case, if you were to lower your price to below your competitors, and the market was price sensitive,  you would expect to gain more customers. Consumers are wanting to maximize their utility (get the most for the smallest amount of money). If they are price sensitive, they will look for the lowest price that still has an acceptable quality.

You might be interested in
When two or more businesses work together to remove their competition, set prices, and control
STALIN [3.7K]

Answer:

C. Collusion

Explanation:

When two or more businesses work together to remove their competition, set prices, and control distribution, it is called "collusion".

Collusion is known to be a secret which os seen as illegal agreement between rivals. These rivals conspire to work together in order to achieve and acquire unfair market advantage.

Any act that's effected by collusion is considered to be "void".

8 0
4 years ago
Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $20,000 in Ma
Svet_ta [14]

Answer:

$30,000

Explanation:

Download xlsx
5 0
4 years ago
Read 2 more answers
Megan’s balance sheet shows that on February 7, 2010 she had assets totaling $27,600 and debts totaling $32,500. Which of the fo
balandron [24]

Answer:

Option (C) is correct.

Explanation:

Given that,

Megan’s balance sheet shows:

Total assets = $27,600

Total debts = $32,500

Net worth is the difference between total assets and total liability.

Net worth = Total assets - Total debts

                 = $27,600 - $32,500

                 = -$4,900

Therefore,

Megan’s balance sheet shows the negative worth of $4,900.

4 0
4 years ago
Purdum Farms borrowed $16 million by signing a five-year note on December 31, 2017. Repayments of the principal are payable annu
irina [24]

Answer:

Current liabilities   $3.2 million

long-term liabilities =$16 million-$3.2 million-$3.2 million=$9.6 million

Explanation:

The amount classified as current liabilities as at 31st December 2018 is the portion of the loan repayable within a year,that the repayment due at 31st December 2019 which is $3.2 million.

The amount to be classified as long term liabilities is the balance of the loan after having taken out the payment in year 1 as well as the repayment to be made in year 2

5 0
3 years ago
a manufacturing operation consists of 10 operations; 5 of them are distinct machining operations and the other 5 are distinct as
m_a_m_a [10]

14,400 production sequences are possible.

Since the first set of machining operations can be performed in any order, after selecting one, there are 4 operations left. After selecting another, there are 3 operations left.

After selecting yet another, there are 2 operations left. Finally, after selecting yet another, there is only 1 operation left. This procedure may be described by the equation below: There are 120 potential options when multiplying 5 by 4 by 3 by 2 by 1. It may also be written mathematically as 5! = 120.

Here, We have 5 × 4 x 3 x 2 x 1 = 120 potential unique options for the final five assembly processes.

So total number of combinations will be - 120 × 120

= 14,400

To learn more about Combinations from given link

brainly.com/question/13398997

#SPJ4

8 0
2 years ago
Other questions:
  • Financial Management 317
    6·1 answer
  • Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows.
    6·1 answer
  • For the month of november, whetzel corporation. predicts total cash collections to be $1 million. also for november, whetzel cor
    13·1 answer
  • The ledger of Rios Company contains the following balances after adjustments: Retained Earnings $30,000; Dividends $2,000; Servi
    5·1 answer
  • Compared to the monopoly outcome with a single price, imperfect price discrimination _________.
    5·2 answers
  • How have the general ideologies of each major party change over time?
    12·1 answer
  • Which of the following forecasting methods uses executive judgment as its primary component for forecasting?
    15·1 answer
  • Cardiff and Delp is an architectural firm that provides services for residential construction projects. The following data perta
    5·1 answer
  • Over the last two decades the reduced importance of certain institutions in the primary mortgage market has been largely offset
    10·1 answer
  • The Splash clothing brand has been in business for 30 years. People wear the clothes because they embody independence and streng
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!