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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?

panic and investing public's loss of confidence


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.


What is the RACE strategy for writing BCRs?

R- Restate the question A- Answer the question C- Cite evidence (i.e. examples, reasons, and/or details) E- Explain the importance of the question's topic.


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.

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Identify and explain three reasons why customers would pay more for exclusivity?

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