Asked by Vishal Rajput on Sep 24, 2024

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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.
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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.