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Name and explain three reasons why wholesalers and retailers compute their markup on the retail price rather than on the cost price?
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∙ 13y ago
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Wiki User
∙ 13y ago
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Identify and explain three reasons why customers would pay more for exclusivity?
Identify and explain three reasons why customers would pay more for exclusivity.
Explain practical reasons why company segment its market?
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4 Identify and explain three reasons why customers would pay more for exclusivity?
Consumer buying trends are driven by need and want. The 3 reasons for exclusivity include: improved perceived quality, rarity imparts value and self gratification.
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What are some reasons why a business could make more profits selling through one retailer than to many retailers?
One of the reasons is the appearance of exclusivity. If you only sell through one retailer, and your product is harder to find, and it is perceived as a luxury product, then you could charge higher prices and make more profit. One retailer doesn't always mean harder to find... some mass retailers will give you extra money in a contract to be the only retailer, and the only way for people to get your product. If it is popular, you could negotiate a higher exclusivity clause. Another reason is that there will be no competition sales-wise. One retailer isn't going to slash prices on your product to outsell the competition. That protects you from the perceived devaluation of your product.
What were two reasons cited by Knowles to explain industrialization in England?
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Identify and explain three reasons why customers would pay more for exclusivity?
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How did Orwell explain his topics and reasons for writing?
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Technological Change in methods and procedures Process change System change Structural change
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Why are American Express cards not accepted by a lot of retailers?
One of the reasons American Express cards are not as widely accepted by a lot of retailers is because they charge retailers more to be able to accept their card. Many of retailers do not meet American Express's high standards as well, limiting their acceptance even more.
