All categories

3 years ago

Which demand situation occurs when a competitor offers a similar product or service at a lower price?

Business

1 answer:

Naya [18.7K]3 years ago

3 0

Answer:

Falling demand

Explanation:

Falling demand refers to a situation where the sales volume of a good or service is on a continuous decline compared to the previous seasons. Consumers are no longer finding that particular product or service appealing to buy. Falling or declining is also referred to as faltering demand.

The introduction of a similar product by competitors at a lower price may lead to a decline in demand for the existing goods. Customers will prefer the new cheaper product. As a result, the more expensive and old product will experience falling demand.

You might be interested in

The effect of bulky or heavy products on transportation costs can make _______ an inappropriate strategy.

emmainna [20.7K]

Transportation costs can make exporting an inappropriate strategy.

<span>If a product is bulky or heavy, because of its weight or mass the transportation costs will obviously increase and make it more expensive, and unless the product carries an extraordinary high value-to-weight ratio the exporting strategy will be considered the least effective.</span>

3 0

3 years ago

Andrea, an enterprising individual, wants to open a store in her town. She wants her store to be of the same type as a popular c

uysha [10]

Answer:

D. Franchisee

Explanation:

A franchisee can be defined as an individual who is a small business owner who operates a franchise. A franchisee is given license by the franchisor to run a business under the franchisor's trade mark, trade name and method of operations. A franchise is a business in which the owners sell the rights to their business trade mark, trade name, logo and method of operations to a third party outlet or individuals owned separately by who we refer to as the franchisee. In this case, Andrea wants to become a franchisee by opening the same type of popular coffee chain in her town that is found in a nearby town.

6 0

3 years ago

How can you attract whole sale seller

Kay [80]

Answer:

10 ways to increase your wholesale sales

1. Offer specials that bring retailers better-than-wholesale prices.

2.Provide outstanding customer service.

3.Make wholesale ordering, delivery, and billing as seamless as possible.

4 Streamline your operations.

5.Make order recommendations.

6.Create compelling, eye-catching campaigns.

and if you need more answer than please follow me

hope it's helpful

thank you

and follow me

6 0

3 years ago

Mason corporation purchased a piece of land 5 years ago when the price of land was low. it plans to develop the land into a new

Rom4ik [11]

On their classified balance sheet, Mason Corporation would classify this land as <span>a long-term investment.

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
</span>

7 0

3 years ago

The following is information for Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending in

Vlad1618 [11]

If Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending inventory 97,400 87,750 92,500 compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2:

a) Inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2

Inventory turnover =$426,650/($92,500+$87,750)/2

Inventory turnover=$426,650/$90,125

Inventory turnover=4.7 times

Days' sales in inventory=$87,750/$ 426,650×365 days

Days' sales in inventory=$87,750

Days' sales in inventory=75.07 days

b) Inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3

Inventory turnover=$643,825 /($87,750+$97,400)/2

Inventory turnover=$643,825/$92,575

Inventory turnover=6.95 times

Days' sales in inventory=$97,400/$643,825×365 days

Days' sales in inventory=55.22 days

Learn more here:

brainly.com/question/15520316

4 0

2 years ago