-
Home
- Business
- Marketing
- Advertising Promotion BUS210
- Unit 07: Advertising Strategy
- Your company produces small
-
Card 21 / 204: Your company produces small kitchen appliances. Founded in the mid-1950's, your company's high -priced products have gained a reputation as being durable, reliable, and dependable. As a result, you are the market leader in your product category. One of your managers has suggested that since you occupy the number 1 spot in the market, sales might increase if prices dropped to your nearest competitor's price point. Do you think this is a good idea? Why, or why not?
A)
Yes. Consumers will always purchase the lower priced product.
B)
No. It is never a good idea to sell your products at the same price as your competition.
C)
No. You have the trust of your customers, and they are willing to pay the higher price for a product they know and believe in.
D)
Yes. You can drop the price as long as the price change is not permanent.
E)
Yes. You should drop the price, because your only goal is to make a profit.
Answer:
C) No. You have the trust of your customers, and they are willing to pay the higher price for a product they know and believe in.
-
Keyboard Shortcuts
| Previous Card |
← Previous Card Button |
| Next Card |
→ Next Card Button |
| Flip Card |
Space-Bar |
<< First
< Previous
Flip
Next >
Last >>
Questions & Answers
Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
can you send the book attached ?
Ariel
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2
find mu of x for y
U(x,y) = (xÃy)1/2
find mu of x for y
Desalegn
this is the study of how the society manages it's scarce resources
Belonwu
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
difference between firm and industry
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from
Qd 120 3P
to
Qd 90 3P
and the supply function has shifted from
QS
20 2P
to
QS
10 2P .
a) Find the effect of this change on price and quantity.
b) Which of the changes in demand and supply is higher?
explain standard reason why economic is a science
factors influencing supply
scares
means__________________ends
resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Why qualify 28 supplies
Milan
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
Hide Choices
Interactive Question
Quiz Home Page
|
Prof.Melinda SalzerProfessor
Berkeley College
USA
|
Attribution:
Charles Jumper and Melinda Salzer. Advertising & Promotion (The Saylor Academy 2014), http://www.saylor.org/courses/bus306/
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.
