Which of the following is true about competitive pricing? a. It is set by covering costs only. b. It is set by figuring out just how much a customer is willing to pay and pricing near that mark. c. It is at a medium level, somewhere in between extremes, using competitors’ prices as a starting point, and adjusting from there. d. It is set by covering costs and then adding some margin.

Answers

Answer 1

Answer: c. It is at a medium level, somewhere in between extremes, using competitors' prices as a starting point, and adjusting from there.

Explanation:

There is a lot of competition going on in most markets as this competition continues brands begin to look at what each other is doing to be able to beat themselves in the market. They understand that a good price and assured product will make them either loose or gain more clients and customers. This makes them focus on the price of each other and adjust or make out their own price from there.

Answer 2

Companies and firms often engage in competitive pricing. The true statement about competitive pricing is that It is at a medium level, somewhere in between extremes, using competitors’ prices as a starting point, and adjusting from there.

Competitive pricing is simply known as the act of selecting strategic price points to use in taking a degree of advantage of a product or service based market when compared to its competition.

It is a pricing method that is often used by businesses selling similar products

This type of pricing strategy is often used when a price for a product or service has attained a level of equilibrium.

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Related Questions

Things that are able to be seen and touched Group of answer choices

Answers

Answer: Tangible

Explanation:

Tangible things by definition are able to be seen and touched as opposed to intangible things which cannot be seen or touched but whose effects can be felt.

Because Tangible things can be seen, they can be easily measured and evaluated. In Business, most assets are tangible such as Land, Buildings, Equipment, Inventory etc.

A Work Breakdown Structure (WBS) identifies deliverables, activities, and tasks. Which statement describes a task? Work performed to complete or manage the deliverables for a project Discrete work required to complete parts of a project Tangible and measurable outcome expected from a project A list that identifies the logical way to progress through work

Answers

Answer:

The correct option is;

Work performed to complete or manage the deliverables for a project

Explanation:

In other to manage project tasks, and make them easier to perform and approachable, it is a common methodology to split the entire tasks into smaller units that are easily managed

Work Breakdown Structure (WBS) is a project tool that is used to sort the project goal into smaller required activities, deliverables and tasks of the project

Project task is the work unit that brings about progress or advancement of the aims of the project that has a due date for completion.

Anheuser-Busch and Miller Brewing both experienced market failures in the United Kingdom when they used the phrase "light beer" which was misinterpreted as

Answers

Answer:

"Having reduced alcohol levels" is the correct answer.

Explanation:

The given is seems to be an American beer organization with its headquarters throughout St. Louis, Missouri. It would be the world has ever known largest revenue-based brewing firm, although 3rd in brewing volume, until InBev confirmed its investment procurement 13 July in the year 2008.Ever since they suffered negative externalities throughout the UK when they used the term " light or hot beer" which again was misunderstood as having reduced caffeine contents.

To estimate a stock's beta from historical data, we should regress the (excess) return of the stock on the (excess) return of _____.

Answers

Answer: c. the market portfolio

Explanation:

A stock's beta measures how the stock moves in relation to the general movement of the market. It is therefore possible to estimate it based on the returns of both the market and the historical return of the stock.

To do so, one can run a regression analysis of the excess return of the stock on the excess return of the market portfolio. This will allow for knowing the amount of risk that is from the market and the one from the stock itself thereby allowing for the calculation of the stock's beta.

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