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madam [21]
3 years ago
9

Dream Homes is an appliance store. It recently launched its own brand of freezers in order to build customer loyalty. The store

launched three different models to cater to low, middle, and high income groups. The freezers are also priced accordingly. These freezers are exclusive to Dream Homes and cater to all customer segments. This pricing strategy involving price points within a merchandise category is known as ___________.
Business
2 answers:
aleksandr82 [10.1K]3 years ago
6 0

Answer:

Price lining

Explanation:

Pricing strategy can be defined as an approach used by various organizations to determine the amount in which their goods and services will be sold. The different prices of products will go a long way in determining the amount of profit that will be made by the company.

Price lining is a pricing strategy in which the price of products depends on the category which they fall under such as the quality. Price lining helps an organization to maximise a high amount of profit.

s344n2d4d5 [400]3 years ago
4 0

Answer:

Price lining

Explanation:

Price lining in marketing, describes a process in which goods and services are set at different price levels according to quality, degree, attributes or features.

The higher the price, the better the quality to the consumers.

In this case, Dream Homes launched three different freezer models to cater to low, middle, and high income groups according to a price.

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What is the most common method of distribution for consumer products and services? For industrial products and services?
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Answer:

expensive cookware, meat, and cosmetics are sold this way. manufacturer/producer directly to industrial users. this is the most common method of distribution for major equipment used in manufacturing and other businesses. the manufacturer's sales force calls on the industrial user to sell goods or services.

6 0
2 years ago
Sources of consumer information might include ____.
Vesnalui [34]
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2 years ago
The managers most important food safety responsibility is training you to
Advocard [28]
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8 0
3 years ago
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Ben Collins plans to buy a house for $188,000. If the real estate in his area is expected to increase in value by 3 percent each
Sunny_sXe [5.5K]

Answer:

The value after seven years from now is $231,216.29

Explanation:

The computation of the expected value would be seven years from now is shown below:

Here we use the future value formula i.e. shown below:

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= $188,000 × (1.03)^7

= $231,216.29

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6 0
3 years ago
Today only, a table is being sold for $217 . this is 62% of its regular price. what was the price yesterday?
Troyanec [42]
If yesterday's price was the regular price then the equation $217=62%x can be used to solve for x. so x = $217/0.62=$350. To check the answer, multiply $350 by 0.62 = $217. In other words, x is the unknown regular price so 0.62 times x = $217 and then cross multiplying means dividing $217 by 0.62, to get the answer.
8 0
3 years ago
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