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Compare similarities and differences consumer buying and organizational customer buying?
The similarities between consumer buying and organizational customer buying is that both have the need to purchase. The difference lie in the quantity of purchases. Consumer buying entails retail, while organizational customer buying entails wholesale.
Major strategies used for pricing imitative and new products?
major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low
Differences between retailer and wholesaler?
retailers buy gooods in smaller quantity while wholesalers buy larger quantity
What are the parts of market list?
item actual cost estimated cost unit quantity description
What does POP in retail merchandising mean?
POP in retail merchandising is the abbreviation for point-of-purchase or proof of purchase. The point-of-purchase is the location where a customer makes a purchase, such as a state, city or store. A proof of purchase is the evidence that shows a purchase was made or that an item has been paid for (i.e. sales receipt).
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
What is the smallest quantity of forever stamps you can purchase?
There is no limitation on quantities. You can purchase a single stamp at the post office.
What is a quantity-pricing strategy?
A quantity-pricing strategy provides lower prices to consumers who purchase larger quantities of a product.
What quantity of goods or service that buyers are willing to purchase at various prices?
supply
The amount that consumers will purchase or consume at a specific price?
The demand or quantity demanded is the amount that consumers will purchase or consume at a specific price.
What is demand and quantity of demand?
Demand is a function that defines how much of a certain good are the consumers willing to purchase at a given price.Quantity of demand is the quantity of a certain good the consumers are willing to purchase at a given price, as defined by the function of demand.
When a company produces a large quantity of a product but not many people purchase the product is true?
When a company produces a large quantity of a product but not many people purchase the product the supply is high, demand is low, and the product is priced low.
What is the extended price on a purchase order for a quantity of 3 at a sell price of 5.25?
15.75
Which of these refers to the quantity of goods or services that buyers are willing to purchase at various prices?
demand
What refers to the quantity of goods or services that buyers are willing to purchase at various prices?
Demand
What is the extended price on a purchase order for a quantity of 3 at sell price of 5.25?
15.75
What three things should a consumer consider when making a purchase?
quantity, alternatives and price.
