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
stellarik [79]
3 years ago
9

Alberton's supermarket prominently displays the prices of its brands side-by-side with prices you may pay at competing grocery s

tores for the same brand. Albertson's hopes to stimulate added sales by inducing the perception that consumers are getting a 'deal.’ Alberston's is using:
Business
1 answer:
marta [7]3 years ago
8 0

Answer:  Reference pricing

                             

Explanation: In simple words, reference pricing refers to a pricing strategy under which a supplier of a commodity charges the price lower than its competitors. That lower price works as a reference for the firm to attract customers from the competitors.

Sometimes the producers initially sets higher price of the commodity under reference pricing strategy and then offers heavy discounts on such high prices, a customer makes perception that the discount deal is a better deal than other producers.

Hence from the above we can conclude that the given case depicts reference pricing.

You might be interested in
dentify a true statement about sales-oriented firms. a. They target their products to specific groups of people. b. They recogni
stellarik [79]

Answer:

Correct answer is (d). They target their products at "everybody" or the "average customer."

Explanation:

Every sales-oriented firms want more customers and want to make more profit by selling to as many customers as possible, this makes them to seek and target their products to every potential buyers and other average customers available.

6 0
3 years ago
Your company rents computers to local businesses and schools. You have 4,000 computers with a book value of $185,000. As a resul
andriy [413]

Answer:

47,000

Explanation:

Impairment Loss = Book Value − Fair Value

$180,500 − $133,500 = $47,000

6 0
3 years ago
Without creating a separate business organization, Reynold starts up and assumes the financial risk of, Sole Savers, a new, pre-
dexar [7]

Answer:

C: a franchisee

Explanation:

One of the responsibilities of a franchisee is to bear risk of the franchisor.

A franchise is a business relationship where a firm goes into agreement with another firm to represent the former in another geographical region or service. The franchisor is the parent company while the franchisee is the independent agent.

5 0
3 years ago
As a general rule, a product ________ strategy seems to work best when the consumer target market for the product is alike acros
vodomira [7]

Answer:

The correct answer is letter "B": product extension.

Explanation:

In International Business, product extension refers to the approach by which a  firm introduces its product or service across borders without shaping the product according to the profile of each consumer in each region. Product extension is implemented to expand the business operations of a firm in an attempt of finding new consumers in new markets, thus, generating more profit.

<em>Product extension is likely to work only if customers' preferences and necessities are the same in different countries.</em>

7 0
3 years ago
MC Qu. 36-46 (Algo) Answer the question...
Afina-wow [57]

Answer:

sorry I was just wondering if you want to be a good

6 0
3 years ago
Other questions:
  • You own 850 shares of Western Feed Mills stock valued at $53.15 per share. What is the dividend yield if your total annual divid
    13·1 answer
  • Slider owns a hamburger restaurant. Slider's minimum average variable cost is $ 10 at a quantity of 100 hamburgers, and his mini
    14·1 answer
  • Which of the following activities should be expensed currently as R&amp;D costs? (a) Testing in search for or evaluation of prod
    13·1 answer
  • If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase produ
    10·1 answer
  • You are hired as the consultant to a monopolistically competitive firm. The firm reports the following information about its pri
    7·1 answer
  • Common ownership interest in a business, sharing profits (or losses) of a business, and the right to participate in managing the
    6·1 answer
  • Indiana Co. bega n a construction project in 2018 with a contract price of $150 million to receive when the project completed in
    9·1 answer
  • Four importance of Engineering​
    15·1 answer
  • Identify two ways lean production might be achieved
    11·1 answer
  • Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to descri
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!