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goblinko [34]
2 years ago
11

How does Alibaba implement competitive pricing strategy in market?

Business
1 answer:
laila [671]2 years ago
6 0

Answer:

<u>By reducing their prices compare to the price of their competitors.</u>

Explanation:

Note, a <u>competitive pricing strategy</u> refers to a pricing strategy that involves <em>deliberately </em>finding out the prices in which your competitor sells their product and then tailoring yours to be a little lower than theirs, by so doing customers feel motivated to buy from you instead.

For example, Alibaba can go to its competitor, let's say Amazon. and see how sells an iPhone. Then Alibaba can reduce/set its own price benchmark based on their prices.

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Alexeev081 [22]

Answer:

False.

Explanation:

The Victoria's part is true she is pursuing cost leadership by keeping it's price low although the Walmart's example is not related to differentiation strategy of competitive advantage. Because keeping mix of products is not differentiation, it's not unique.

  • Porter suggested 4 strategies and he believed that by using one of these strategies companies can gain <em>competitive advantage. </em>

The 4 strategies for competitive advantage:

  1. Cost Focus.
  2. Cost leadership.
  3. Differentiation Focus.
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6 0
2 years ago
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Journalize the following merchandise transactions, using the net method under a perpetual inventory system.
Olenka [21]

Answer:

Part a

Debit : Accounts Receivable $18,000

Debit : Cost of Sales $10,800

Credit : Sales Revenue $18,000

Credit : Inventory $10,800

Part b

Debit : Cash  $16,200

Debit : Discount allowed $1,800

Credit : Accounts Receivable $18,000

Part c

Debit : Accounts Receivable $600

Credit : Cash $600

Explanation:

The perpetual method calculates the cost of sales for each transaction made.

See the journals prepared as above

6 0
3 years ago
What role do individuals play in a capitalist system?
VMariaS [17]

Answer:

Explanation:

INCAPITALIST SYSTEM ,INDIVIDUALS ARE KEY BECAUSE THE GOVERMENT DOES NOT CONTROL ECONOMY .ALL ECONOMIC DECISIONS AND ACTIONS ARE CONTROLLED.......

3 0
3 years ago
Which of the fallowing jobs duties would a software developer perform?
s2008m [1.1K]

Answer: A. Developing a product that is easy to use and meets a customer’s needs.

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3 years ago
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Gerald is assessing global entry strategies for his gourmet sandwich business. He doesn't want to take much risk, and he's willi
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Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is willing to limit his control of international stores. Gerald will likely use a(n) __________ strategy.

Select one:

a. direct investment

b. franchising

c. exporting

d. joint venture

e. strategic alliance

Answer:

b. franchising

Explanation:

For a food business like a gourmet sandwich business, the best global entry strategy Gerald will likely take that involves low risk and limit in control of international store is franchising strategy.

Franchising, which involves a contract that allows one company to use the brand and concept of another company, guarantees getting customers and retention of customers. The image of the product offered would be created in current and potential customers .

7 0
3 years ago
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