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Hatshy [7]
3 years ago
14

Deliberately selling a product below its customary price, not to increase sales, but to attract customers' attention in hopes th

at they will buy other products as well, is referred to as
Business
1 answer:
Darina [25.2K]3 years ago
5 0

Answer:

loss leader pricing strategy

Explanation:

The type of strategy that is being described is known as a loss leader pricing strategy. This is a pricing strategy in which a product is sold at a price below its market cost in order to be able to stimulate other sales of more profitable goods or services. In such a scenario, the "leader" product is any popular item that the company is selling, and this item is the one that receives the price cut in order to attract customers that were already interested in it to the other products.

You might be interested in
Which audience analysis anticipates resistance if something is going to cost money?
Katena32 [7]

The audience analysis that anticipates resistance if something is going to cost money is a situational analysis. This is further explained below.

<h3>What is situational analysis?</h3>

Generally, An organizational situation may be better understood by doing a situational analysis, which is a set of techniques for evaluating both the internal and external variables of a company.

In conclusion, A situational analysis is the kind of audience analysis that determines whether or not there will be opposition to anything if it will cost money.

Read more about situational analysis.

brainly.com/question/23563467

#SPJ1

6 0
2 years ago
If the United States wanted to reduce the cost of its goods in foreign markets, it could ________ its currency.
Kruka [31]

Answer:

Devalue its currency

Explanation:

Exchange Rate is the conversion rate of domestic & foreign currency.

Eg $1 =   _ € .

Devaluation means deliberate fall in value of domestic currency in terms of foreign currency (increase in foreign exchange rate) , under fixed exchange rate by government.

Eg :  $1 =   5€ - change to -  $1 = 7€ . This implies dollar can purchase less amount of euro , and has depreciated.

However , this would also lead to reduce the cost of its exports in foreign (here European market) , because US $ has become cheaper in terms of their currency & hence so have been their goods.

3 0
3 years ago
The EOQ model Group of answer choices determines the order size that minimizes total inventory costs. determines when to place a
mel-nik [20]

Answer:

All of the above

Explanation:

The economic order quantity refers to find out the size of order by minimizing the total cost i.e carrying cost and the ordering cost. It also tells when to place an order plus it is very sensitive to change the demand or estimation of the cost

The formula to compute the economic order quantity is

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

Hence, the all of the above option is correct  

6 0
3 years ago
The question is; create an innovative mission statement for Roberto Pesi’s restaurant inc. Explain the statement..(i will mark a
xeze [42]

Answer:

Roberto Pesi Restaurants inc. mission is to offer delicious Italian and fast food in Toronto that will create a unique experience to each customer making them wanting to comeback. for this we have three restaurants that will satisfy the nutritional need of every single customer.  

Explanation:

The mission of an enterprise must describe the desire goal of an enterprise its values and what kind of product or service it provides and in which area is situated its operation.

7 0
3 years ago
suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equili
nekit [7.7K]

Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equilibrium. subsequently, a decrease in population decreases the demand for haircuts. In the short run, we expect that the market price will <u>fall </u>and the output of a typical firm will <u>fall</u>.

<h3>What is Long Run?</h3>

A time frame known as the "long run" is one in which all cost and production components are erratic. Long Run cost adjustments are possible for businesses, although short Run pricing changes can only be influenced by changes in production levels. Even though a company can have a monopoly in the short term, they might anticipate competition in the long run. A long run is a period of time when a producer or manufacturer can be flexible with its production choices. On the basis of anticipated profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry. Long-term-focused businesses are aware that changing output levels won't bring supply and demand into equilibrium.

To learn more about Long Run from the given link

brainly.com/question/17438349

#SPJ4

3 0
1 year ago
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