BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Buying items at a low price and selling them for a profit.
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Doing nothing
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Buying items for a high price and selling them for a loss
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Buying the wrong stuff
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Detailed explanation-1: -Key Takeaways. A loss leader strategy prices a product lower than its production cost in order to attract customers or sell other, more expensive products. Loss leading is a controversial strategy that is considered predatory.
Detailed explanation-2: -Penetration pricing is a strategy used by businesses to attract customers to a new product or service by offering a lower price initially. The lower price helps a new product or service penetrate the market and attract customers away from competitors.
Detailed explanation-3: -Price skimming Companies use price skimming when they are introducing innovative new products that have no competition. They charge a high price at first, then lower it over time.
Detailed explanation-4: -In a bundle pricing, companies sell a package or set of goods or services for a lower price than they would charge if the customer bought all of them separately.