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LenaWriter [7]
3 years ago
10

To discourage competitive entry, a company can price its new product low, using penetration pricing. This pricing strategy also

helps to: reduce costs. increase profits. build customer loyalty. build unit volume. improve product quality.
Business
1 answer:
AlladinOne [14]3 years ago
7 0

Answer:

The answer is: build unit volume

Explanation:

When a company introduces a new product with a very low price (or even for free) using penetration marketing it is trying to attract new customers, discourage competition and build market share (build unit volume). Hopefully the new customers will like the product so when the company increases its price they will still buy it. For example, the first month I used Netflix it was free.  

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Why is it important to understand the competition your business faces?
fomenos

Answer:

It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.

5 0
3 years ago
In what three ways does the government affect production of goods and services in the US economy?
denpristay [2]
Government activity affects the economy in four ways: The government produces goods and services, including roads and national defense. Less than half of federal spending is devoted to the production of goods and services
8 0
3 years ago
Rusty sells his home for $330,000. He must pay a 6% brokerage fee which will be split evenly between the selling broker and list
Solnce55 [7]

Answer:

=$ 80, 200.00

Explanation:

selling price : $ 330,000.00

Commission 6 %:

Commissions paid = 6/100 x $ 330,000.00

     =$19,800.00

Closing costs =: $ 5000.00

Mortgage  paid : $ 225,000

Total payouts:  $19,800 + $50,00+ $225,000

   =$ 249, 800.00

Rusty Expects: $ 330,000.00- $ 249,800.00

   =$ 80, 200.00

8 0
3 years ago
Which type of light is primarily used as a light source in stores?
gregori [183]

Answer:

artificial light

Explanation:

Most stores, no matter the type of the merchandise they sell, use artificial light. Although natural light (sun) is always present, it is not enough to cater to the lighting needs of a business.

They need to showcase their goods in the best manner possible. Due to common building constraints, natural light is never enough, as some corners of the shop will remain shaded.

Businesses use LED or other sorts of artificial lighting in order to make the shopping experience pleasant.

3 0
3 years ago
Read 2 more answers
Eleven uses performance management for administrative purposes. The administrative purposes focus on issues such as
andrew11 [14]

It focus on issues such as determining who will be getting raises in administrative purposes .

<h3>Administrative purposes </h3>

Administrative purposes means any purpose necessary for the operation and proper functioning of the administrative, educational and medical services carried out by an approved developer in a zone.

Administrative purposes include administrative issues, including the working of the corporations, funding from the State government, disbursement of counsillor funds and shortage of staff, got about two to three times more attention than solid waste management, education and health.

Learn more about administrative purposes here:

brainly.com/question/11671451

#SPJ4

6 0
2 years ago
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