1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bazaltina [42]
2 years ago
6

Identify the correct pricing strategy. Incorporating _______ pricing strategy drives customers to pay a higher price for a valua

ble product. Businesses use market research, surveys, and analysis to convince customers to buy products that provide _______ for money.
Business
1 answer:
harkovskaia [24]2 years ago
8 0

Answer:

Premium, value

Explanation:

Premium Pricing Strategy: this a strategy used by companies to drive up the prices for their products. This strategy is used when customers can be convinced that a company will offer a higher value than its competitors.

For example, looking at the prices of a Rolls Royce Phantom and a Toyota, one costs $450,000 and the other costs $25,000, both will take you from your office to your house, but some customers will prefer to buy the Rolls Royce, this is because of the value the Rolls Royce offers.

Value: this is the worth or usefulness of something. Therefore, if a company can offer value for money, customers will be willing to pay.

You might be interested in
An investor just purchased a 10-year, $1,000 par value bond. the coupon rate on this bond is 8 percent annually, with interest b
cupoosta [38]

i think it is $875.38

7 0
3 years ago
Which type of insurance covers preventive care and medical treatment?
dezoksy [38]
Health insurance is the answer
6 0
3 years ago
Help if yk thanks lol
kondor19780726 [428]

Answer:

Nicole has profit $400 ....,.............

6 0
3 years ago
Read 2 more answers
Opportunity cost a) only is considered for goods in short supply. b) is the value of the next best alternative as a result of ch
Volgvan

Answer:

C. is the value of the next best alternative as a result of choosing some given alternative

Explanation:

Opportunity cost -It is the the benefit that an individual , business or investor miss out , while choosing an alternative .The financial reports does not show the opportunity cost , which the owner of the business use to make an educated decisions while going through multiple options .

3 0
3 years ago
Read 2 more answers
Employees in the defense industry have greater job security and higher pay when the country is engaged in major military conflic
kiruha [24]

Answer: C the fallacy of composition.

Explanation:

The Fallacy of Composition is meant to explain the false logic that people apply when they believe that because something is true of a subsection of something, then that thing must be true for the whole thing.

For instance, my phone's batter is made of lithium so my entire phone must be made of lithium.

In this scenario, the logic is that it is good to be involved in military conflict because it favors the nation if it favors a subset (employees in defense) which is flawed because other industries might suffer. This however, represents the fallacy of composition.

7 0
3 years ago
Other questions:
  • A truck acquired at a cost of $80,000 has an estimated residual value of $8,000, has an estimated useful life of 200,000 miles,
    8·1 answer
  • The responsibility associated with the right for product safety is a. to investigate the store’s reputation for honesty. b. to c
    8·1 answer
  • What is the best way to judge the success of your communication? How quickly the message is developed Use of jargon Through feed
    15·1 answer
  • Workers in the nation of Brotherton expect managers to forcefully tell employees what to do, how to do it, and when. On the othe
    13·1 answer
  • Many economists agree that government should deal with monopolists on a case-by-case basis. policy options include the following
    5·1 answer
  • Depreciation on the company's equipment for the year is computed to be $18,000. The prepaid insurance account had a $6,000 debit
    14·1 answer
  • Assembly department of Zahra Technologies had 100 units as work in process at the beginning of the month. These units were​ 45%
    8·1 answer
  • A price searcher a. faces a horizontal demand curve. b. is a seller that searches for the best location to sell its product. c.
    7·1 answer
  • During the past five years, the nation of Andolvia began a massive undertaking: teaching farmers how to successfully grow and ha
    9·1 answer
  • If you have a long position in a foreign currency, you can hedge with:_____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!