A store sells T-shirts at a price of $40 per shirt. None of the buyers are willing to pay this price. In 2 or 3 sentences, descr

Question

NARA [144]

3 years ago

8

A store sells T-shirts at a price of $40 per shirt. None of the buyers are willing to pay this price. In 2 or 3 sentences, descr

ibe the signal that the buyers are sending the seller about the price of the T-shirt.

Business

2 answers:

tresset_1 [31] · Answer 1 · 2022-04-04T16:46:14+03:00

tresset_1 [31]3 years ago

8 0

<span>The buyers are hinting that the product is overpriced. By saying they are not willing to pay for a $40 t-shirt, they are bargaining for a cheaper price.
Gl.</span>

nadezda [96] · Answer 2 · 2022-04-04T15:39:59+03:00

In this situation, the buyers are letting the store know that they have set the T-shirt price set higher than they are willing to pay for the shirt. The store should reevaluate its target price with their target market and develope a new price for the top. It's important for any company to do research to make sure they price their items at an amount their consumer believes it is worth and is willing to pay.