ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Chick-fil-a has to analyze costs to determine how much to price their new salad. Which function of marketing is this?
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Pricing
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Promotion
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Financing
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Selling
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Explanation:
Detailed explanation-1: -Pricing strategies are the methods and procedures companies employ to determine the rates they charge for their goods and services. Pricing is the amount you charge for your items; pricing strategy is how you calculate that number. Pricing strategy can encompass anything from: The state of the market.
Detailed explanation-2: -Chick-Fil-A’s business model to provide high-quality products with exceptional service at a premium price is greatly complemented by its operations. It has built a strong competitive advantage not only by creating a superior product, but also by superior customer service.
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