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Why would a catfish farmer lose all her customers at a higher price?
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How can the farmer profit if he has a bumper crop?
the farmer may get a higher price for the crops with a contract than if he or she waited for the harvest and bid with many other farmers waiting to sell
What are the advantages of the specialty store?
- smaller market segment that views the product - customers are less price sensitive, so you can charge a higher price - CUSTOMERS ARE FREE TO SHOP AND EXPERIMENT ON THEIR OWN. SAMPLING IS ENCOURAGED.
How can the farmer profit if crop production is low?
If crop production is low, creating high demand, the buyer comes out ahead because the farmer could have sold for a higher price, had he or she known there would be a smaller supply.
What is Red Bull's pricing strategy?
Red Bull believes its customers will pay a higher price for the product because of the quality and benefits. This leads them to price Red Bull higher than the products of its competitors. This is called premium pricing strategy.
What is market skimming prices?
Price skimming is a strategy by which the initial price set is the highest initial price any customers will pay. As those customers pay those prices, the price lowers to bring in more customers.
Can you resell clothes that you bought from a brand name retailer and then modified for a higher price?
I think this way is available. There are many customers buy cheap brand name clothes from somewhere, and then resell with high price.
What is change in increase in demand?
Expectations of price change a news report predicting higher prices in in the future can increase the current demand as customers increase the quantity
What has the author E R Farmer written?
E. R. Farmer has written: 'Accounting for inflationand price level changes' -- subject(s): Accounting and price fluctuations
Why does your local Taco Bell charge more than the advertised price on TV?
Franchisees are free to price as they wish. If the price is higher than the commercial, it means the owners of that company want to make an extra buck off of you. RIP OFF the customers basically.
What is a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
Advantages of high added value products for a firm?
The customers will get very quality product. The business can sell products for a higher price. It will help the business to overcome the competitors.
Where can I find a freightliner for sale at a good price?
Many companies rent out a freightliner to their customers. There goals are to meet the customers needs. I am pretty sure you can negotiate with the price.
