0
How will you react to competitor challenges such as under pricing or new products that make yours obsolete?
Arcd
Redefine your product and its purpose
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What challenges do you foresee as a manager in the emerging global environment?
I think the biggest challenge is to match the pricing offered by our competitor.
What refers to the process of a stronger competitor selling its products or services at a significant loss knowing it will outlast and possibly even bankrupt a competitor?
Predatory pricing
What is external factors affecting pricing?
Mostly competitor external prices affect pricing.
The market price may be an inappropriate transfer price if?
competitor s are practicing predatory pricing to eliminate competitor
What is 3C Model for price Setting?
The 3 C's model for setting pricestakes into account the customer, our costs, and the competition. Customer's perception about the various attributes of the products, competitor's pricing and our own total costs.
Will kwik fit insurance match competitor prices?
I am sure they probably do. Most insurance companies will match other competitor pricing since Progressive does. They have to remain competitive with the other companies.
What is pricing?
the price of something is the cost of it. i hate expensive prices. dont you?
Price monitoring and competitors research?
One of the most important benefits of E-commerce web scraping is to keep an eye on the competitor's price. The companies with product pricing data can develop their pricing policy better than their competitors this is also known as price optimization. Companies can find out charges from the different prices for the same products and then decide their offering price. Price optimization helps companies to boost their profits tremendously. Data gathered from tremendous sources can be great equipment for all the E-commerce wars. Companies can also keep track of real-time competitors' prices for optimal price assessment and be on top of their competitor's pricing.
What is the pricing strategy for Sony?
Sony utilizes a premium pricing strategy for its products. This means that its products are priced higher than competitors' offerings, reflecting the high quality, technology, and brand value associated with Sony. Sony's pricing strategy focuses on capturing value from customers who are willing to pay a premium for the perceived benefits of its products.
Who is the government attempting to help by discouraging predatory pricing?
Ultimately, the government is trying to protect the consumer. Predatory pricing is used to drive a competitor out of a market, or keep a potential competitor from entering a market. If successful, the entity employing predatory pricing tactics can maintain a monopoly (or near monopoly) in a market and use the lack of competition to set prices anywhere it wants. The consumer, having no choice in a marketplace, is forced to pay whatever the entity chooses to charge.
What pricing strategies are used for dry skin cream products?
There are varied pricing strategies that are used for dry skin cream products. In most cases, the prices will be influenced by the demand. New products have a lower price which serves as a marketing incentive.
Which is more expensive in terms of pricing the products is it bench or penshoppe?
Bench
