Asked by Vishal Rajput on Sep 24, 2024
Verified
Given an equal amount of users,if the firm can only set one price,how should the firm price the no-name brand wok?
A) Price low and sell to both the users
B) Price high and sell only to the professional chefs
C) Price low and sell only to the home users
D) All of the above
No-Name Brand
Products that are sold without a brand name, often packaged plainly and priced lower than branded counterparts, focusing on basic functionality.
Professional Chefs
Skilled individuals who are trained in the art of food preparation, cooking, and presentation in a professional setting.
- Elucidate the prime pricing strategies for the optimization of profits.
Verified Answer
CC
Caleigh Churchey1 day ago
Final Answer :
A
Explanation :
Pricing low allows the firm to appeal to both segments of the market: professional chefs and home users, maximizing potential sales.
Learning Objectives
- Elucidate the prime pricing strategies for the optimization of profits.
Related questions
Given That the Firm Wants to Sell Both the Versions,how ...
Given That the Firm Offers Both the Products,what Prices Can ...
Given That the Firm Only Chooses to Sell the High-End ...
Given That the Firm Offers Both the Products,what Is the ...
Senior Discounts The Doug's Delicious Diner Faces a Demand Curve ...