ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True or false. Marking products at very low prices is always a good idea.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -When a product brand is superior in quality to its competitors, it is supposed to be also more expensive. Vice versa, a product having a higher price will, at the same time, also be a product of higher quality. Hence prices are expected to be good indicators of product quality.
Detailed explanation-2: -Because an everyday low pricing strategy allows you to decrease demand fluctuations and avoid sales promotions, you can streamline your demand forecasting operations. A low pricing strategy enables you to set low prices for your products to attract more customers and increase sales.
There is 1 question to complete.