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How would successful advertising campaign affect the elasticity of demand for that advertised product?
A successful advertising campaign can decrease the price elasticity of demand for the advertised product, making it more inelastic. By increasing brand awareness, creating perceived value, and fostering customer loyalty, consumers may become less sensitive to price changes. This means that even if the price increases, the quantity demanded may not decline as significantly, leading to higher revenue for the company. Additionally, effective advertising can differentiate the product from competitors, further solidifying its inelastic demand.
What is the definition of minimum advertised price?
== MAP Pricing - What is it? = Minimum Advertised Price (MAP Reicing) is the practice whereby a manufacturer and its distributors agree that the latter's resellers will advertise the former's product at certain prices, at or above a price floor (minimum advertised price). These rules prevent resellers from competing too fiercely on price, thus driving down profits and lowering the manufacturer's reputation as a creator of quality made products. A manufacturer may do this because it wishes to keep resellers profitable, and thus keeping the manufacturer profitable. Others contend that minimum advertised price maintenance, for instance, overcomes a failure in the market for distributional services by ensuring that distributors who invest in promoting the manufacturer's product are able to recoup the additional costs of such promotion in the price they charge consumers. Manufacturers also defend retail minimum advertised price by saying it ensures fair returns, both for manufacturer. According to such agreements, retailers can usually sell M.A.P. restricted items for any price they choose, but may not display in any print or online advertising, a price below the Minimum Advertisable Price. Definition: A suppliers pricing policy that does not permit its resellers to advertise prices below some specified amount. It can include the resellers' retail price as well (Source: retail.about.com)MAP Pricing enhances customer loyalty, product image and profits. Minimum Advertised Price or (MAP) requirements are common in the marketing world. Manufacturers often assign a minimum price point below which a retailer cannot advertise certain products. MAP pricing ensures that their product maintains a certain level of exclusivity and doesn't become known as a cheap product. A Minimum Advertised Price (MAP) Policy alleviates brand degradation and reinforces the advantages of products in the areas of quality, design, warranty, and service delivered by the manufacturer. It will protect stocking dealers from "unfair" online competition and makes sure that everyone makes money. Source: http://faxswitch.com/Definitions/telecom_dictionary_m.html#mappricing http://faxswitch.com
How long does a product have to be at full price before it can be reduced in price?
That would depend on the laws of your country and as you have omitted this information in your question, we can not give you a precise answer.
Something you buy that cost less than the usual price?
There are two main ways that you can buy something that costs less than the usual price. The first one is to purchase an item when it is on sale. The second is to purchase something with a coupon.
What is price rollback?
Price rollback refers to a reduction in the price of a product or service, often implemented by retailers or manufacturers to attract customers, boost sales, or clear inventory. This strategy can be temporary or permanent and is commonly advertised to highlight savings for consumers. Rollbacks may also serve as a response to market competition or changes in production costs.
Where can one purchase Sudafed at a discounted price?
Sudafed can be purchased from many online sites at a reduced or discounted price. Amazon is one online site that sells this product at a discounted price.
15 percent off 680 what is the original price?
You seem to be saying that 15% off gives a discounted price of 680, and asking what the original price was before the discount. Since the price was discounted by 15%, the discounted price is 85% of the original price. Dividing 680 by 0.85 gives 800 as the original price.
Where can one find discounted Kodak cartridges?
One can find discounted Kodak cartridges at various on-line retailers. For example Amazon, Walmart, cartridge save all supply this product at a discounted price.
In what ways would you promote and sell your products retail?
fisrt can be advertised before producing the product and aware people from the product and put it many promotion and and customer service for the product to take more market share ,and becuse consumer are very price sensitive the product should has a cost advantage
What is percent discount?
Answer: "The percentage used to discount the price of something for sale." For example: If the percent discount of a product/service is 15% or (15 percent), then it would be calculated as follows: Price: 50$ Discount: 15% (to convert to decimal, divide 15 by 100 = .15) Discounted Price: 50 - (50 * .15) = 50 - 7.5 = 42.50 <--this is the discounted price or the lower price the customer would pay for the product/service.
Can you get a new phone before your 2 year contract is over?
Yes, Usually at a discounted price.
Where can one find information regarding Hertz discounts?
Hertz is a car hire company which often offers their services at a discounted price. Details of their discounts are usually advertised on their website or in local press.
How do you find the original price of discounted item?
You need to know the discounted price and either the discount amount or the discount rate. If you know the discount amount: Original Price = Discounted Price + Discount If you know the Discount Rate (percentage discount ): Original Price = 100*Discounted Price / (100 - Discount Rate)
Is discounted price the same as the sale price?
no discounted price is the price after some money has been taken off the sale price for a sale etc. but sale price is the original price
What is the answer to discounted price of 45 video game on sale at 30 percent off?
The discounted price is $31.50
How do you find the discount knowing only the discounted price and original price?
Discount = Original Price - Discounted Price Percentage Discount = 100* Discount / Original Price
If you have a computer that costs 3000 but is selling for 20 percent off How much is the discounted price?
The discounted price will be $2,400.00
