I will you choose expensive luxury vocation
Answer: e. To drive up market share
Explanation:
Differentiation strategies involve adding features to a good to make it stand out from the Competition. Since these features are usually beneficial, the value of the good goes up and the company selling them can charge more. This is the main way things are done in Monopolistic markets.
However, sometimes it is best to charge the same price the Competition is charging even though you have a better product. This way the company is able to capture Market Share because the consumers will believe they are getting a better value for their money. For instance, if a company was selling Toyotas at $2,000 and it's competitor was selling the same Toyota but with 2 extra tires for the same $2,000 who would you use? The Competitor most likely.
This is why a firm might want to keep prices in line with competitors.
In a Business Day survey of 13 economists, the consensus forecast was for the consumer price index (CPI) to have increased 6.3% year on year in June.
A market
share objective is the reason they encountered losses. Market share often pursues by companies when industry sales are relatively
flat or declining. Although increased market share is a primary goal of some
firms, others see it as a means to other ends: increasing sales and profits.
Answer:
c. $7.44
Explanation:
Seemore's Company continuous improvement target for plastic cases in 2014 would be calculated by subtracting 7% of cost of plastic cases in 2013 from the cost of plastic cases in 2013 as the target cost reduction is 7%
= $8 - ($8 * 7%)
= 8 - ($8 * 0.07)
= $8 - $0.56
= $7.44