Triarch and Thoulos compete in the fast-fashion clothing business. The consumers’ net perceived benefit as a function of product
quality (q) and price (p) in this market is described by the equation below:
Customer’s Net Benefit (CNB)= 100q/p^2
a. Find the combinations of price and quality that give Triarch’s customers a net perceived benefit of 2 and represent them graphically in a Value Map.
b. Triarch sets its quality for a top equal to £12 and its price equal to £20. If Thoulos sets its price equal to £15, how much does it need to set its quality in order to generate more perceived benefit to customers than Triarch?
1 answer:
You might be interested in
Answer:
Plessy v. Ferguson
Explanation:
your answer is the one you clicked on lol C
You inherit American language and rights as an american
It begins at the yellow sea (Huang=Yellow in Chinese) and empties in the Bohai Sea.
Answer:
Capital
Explanation:
While a garment is an example of a labor-intensive item, computers are generally known as capital intensive, which means they cost more to produce when compared to other items.
