<span>A decision to position the product on high-performance quality will mean that the seller must charge a higher price to cover higher costs.
When a company uses higher quality products to market their product as high-performance quality it means that the product will cost more to make and will sell for a higher price. The company has to cover all of their costs and one way to do that is to make sure their price point is set correctly.
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Answer:
Letter c is correct. <em>Primacy effect.</em>
Explanation:
The primacy effect is a phenomenon that describes about the preference that humans have over a first choice, that is, individuals generally have a preference for the first data they receive about something, than the next data. This effect is compared to the first impression, which is the initial perceptions we get from meeting someone that are difficult to change even over time.
A good strategy for salespeople is to bring their highest performing product on the first visit, to have a positive effect on customer expectations and encourage sales.
Answer:
A. AD curve shifts rightward, increasing real GDP and raising the price level.
Explanation:
Federal funds rate can be defined as the interest rates bank charge other banks on loans of reserves and it is a monetary policy instrument.
If the Fed lowers the federal funds rate, eventually the Aggregate Demand (AD) curve shifts rightward, increasing real Gross Domestic Products (GDP) and raising the price level.
However, raising the federal funds rate, eventually causes the
Aggregate Demand (AD) curve to shift leftward and real Gross Domestic Products (GDP) decreases.
Empowering employees means to provide the training, tools, resources, motivation, and encouragement you workers need to perform at an exceeding level. It is important because it help employees build confidence and a better working community.
Answer: False.
Explanation:
Viral marketing is a form of marketing where information about a product or brand is made to spread very quickly among a consumers within a short period of time, with the aim that the popularity of the product would increase sales. In viral marketing the company is not directly involved in communicating with their customers, but rather communication is done on their behalf.
