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Dafna11 [192]
3 years ago
8

A watch manufacturing company has priced its goods at a rate which is higher than what other companies offer. the watches made b

y this company do not have any stand out feature to differentiate itself from the other companies or justify its high price. this company would be considered as a _____ firm.
Business
2 answers:
Art [367]3 years ago
8 0

"Stuck in the middle" firm.

These types of companies do not differentiate themselves or offer better prices, so they are stuck in the middle and at a competitive disadvantage in the marketplace.

anygoal [31]3 years ago
3 0

Answer:

This company would be considered as a <u>Price Discriminating</u> firm.

Explanation:

Whereas product differentiation is a pricing strategy whereby companies charge higher prices by distinguishing their product among competing products to make it more attractive to a specific target market, Price Discrimination prices its goods at higher prices without a focus on distinguishing its product from others.

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