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Why does competition among producers result in lower prices and better product quality and customer service service?
It is a matter of basic economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
Why does competition among producers result in lower prices better product quality and better customer service?
It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
How does marketing help lower prices of products?
Either by Sales Promotion Or The Usage Of The Product.
What are some of the pricing strategies used by major companies?
Prices are set by companies always according to the markets. The main strategies used are: Price Skimming: used to introduce a new product in higher price in order to cover production and advertising costs, reinvest and sell the product in a lower price. Penetration Pricing: used to attract customers by introducing very low prices by companies that are just entering the market.Return on Investment Pricing: used to predict profit by potential sales. Geographical pricing: pricing is set according to the level of living in a specific place.
Why do wholesalers offer lower prices to larger customers?
Large companies can buy all or most of a wholsaler's stock, reducing the wholesaler's administrative costs.<--- apex To buy something wholesale is to buy a large amount of something at a cheaper price. Since wholesale companies buy stuff at cheap prices, they can also sell it cheaply
Before government approves a merger what must the companies prove the merger would do?
lower costs and consumer prices or lead to a better product
What must the companies prove the merger would do Before government approves a merger?
lower costs and consumer prices or lead to a better product
Why does competition among producers result in lower prices and better product quality and customer service?
It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
Why does competition among producers result in lower prices and better product quality and customer service service?
It is a matter of basic economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
Why does competition among producers result in lower prices better product quality and better customer service?
It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
What are some of the advantages large companies have over smaller companies?
economies of scale make is possible to offer lower prices
How does marketing help lower prices of products?
Either by Sales Promotion Or The Usage Of The Product.
Why does globalization lead to a reduction in prices for goods and services?
Competition for jobs drives down wages, which helps companies lower their prices.
Can a mayor lower gas prices?
No. Gas prices go up and down with how much the barrels of gas from the oil companies cost.
When are prices usually lower for a product?
Prices are usually lower for a product when it is out of season. For example, the best time to buy a winter coat is when spring time is coming around. Same goes for swimwear, purchasing at the end of summer for the next year.
What can offset consumer surplus generated by lower prices?
Consumer surplus generated by lower prices can be offset by demand of product. The above answer overlooks the obvious answer, which is that the increase in the price of a product(s ) will decrease consumer surplus. This assumes of course that there is no shift in demand.
What is a solution to the rising gas prices?
dont buy any cars the companies will lower there prises so that you do.
