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]
3 years ago
7

Pricing your product below competitors can be effective strategy when​

Business
1 answer:
jarptica [38.1K]3 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
Brad notices that customers at his store prefer certain types of snack foods over others. In response to his customers' preferen
jarptica [38.1K]

Answer:

micro-merchandising

Explanation:

Micro - merchandising -

It refers to the type of merchandising , in which the retrailer alteres the positioning of the goods and services according to the needs and demands of the consumers , is referred to as micro - merchandising .

In this type of practice , the needs and demands of the consumer is the main focus of this merchandising .

Hence , from the given scenario of the question ,

The correct answer is micro-merchandising .

3 0
3 years ago
Other variable costs per unit subtracted from total cogs per unit equals ________ per unit. contribution margin operating margin
Anastasy [175]

Other variable costs per unit subtracted from total COGS per unit equals contribution margin per unit.

Variable costs are expenses that vary in relation to production output or sales.

Variable costs play an important role in determining a product's contribution margin, which is used to calculate a company's break-even or target profit level.

Variable costs are a direct input in the calculation of contribution margin, which is the number of proceeds collected after deducting variable costs from sale proceeds.

Every dollar of contribution margin goes directly toward covering fixed costs; once all fixed costs are covered, every dollar of contribution margin goes toward profit.

As a result, variable costs are a necessary item for businesses attempting to determine their break-even point.

Hence, contribution margin per unit is the answer.

Learn more about contribution margin:

brainly.com/question/17030629

#SPJ4

6 0
1 year ago
________ appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate th
VikaD [51]

Informational Appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.

<h3>What is Informational Appeals ?</h3>

It allows you to showcase the product's qualities and the benefits that a buyer will gain when using the goods. It is an effective method of persuading them that your product is something they truly require and can use. Con: Informative advertisements can be boring.

Aristotle proposed three types of argumentation arguments: logical, ethical, and emotional appeals.

Ebooks, "How-to" videos, blogs, and brochures are all examples of informational marketing because they provide a detailed description of a service or product and what makes it unique in the business.

To know more about Informational Appeals  follow the link:

brainly.com/question/2570305

#SPJ4

4 0
1 year ago
What is an opportunity cost
xxMikexx [17]

Answer:

B

Explanation:

Opportunity cost is the valje of the next best alternative forgone when a choice is made.

7 0
2 years ago
The main purpose of taxes is to:
Mandarinka [93]
<span>Major health programs, such as Medicare and Medicaid and also Social security.</span>
3 0
3 years ago
Other questions:
  • Verizon's implementation of a Web-based digital dashboard to provide managers with real-time information, such as customer compl
    11·1 answer
  • What is a consequence of ending a performance appraisal interview on a negative note? Both the supervisor and employee may devel
    5·1 answer
  • The Greenbriar is an all-equity firm with a total market value of $584,000 and 22,800 shares of stock outstanding. Management is
    5·1 answer
  • CAPITAL BUDGETING CRITERIA Your division is considering two projects. It’s WACC is 10%, and the projects’ after-tax cash flows (
    15·1 answer
  • Imagine you having your own business, what would be your pricing strategy and why?
    7·1 answer
  • Industrialist who established standard oil
    10·1 answer
  • As discussed in the lecture video, Crocs’ plastic molding and sandal design capabilities have provided the firm with only a temp
    7·1 answer
  • What is variable expense? Pls help quickly!l
    12·1 answer
  • As the owner of La Boulangerie Bakery in Baton Rouge, Louisiana, you have a devoted clientele savoring your delicacies. Your sal
    15·1 answer
  • Less export more import is called
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!