Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Company XYZ is considering offering a new service in the field of telecommunication, in your opinion which source of competitive advantage they should adopt? And why?. Also which pricing strategy to apply and Why?
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The competitive advantage is defined as the favorable position of the business from where they derive higher profits. It helps the business to over perform in the market compared to its rivals. The company may gain advantage in its production cost, differentiation, technology, and innovated products. Thus, the modern era businesses are agressively involving into research and development practices to gain fight competition with getting first mover advantage in the market.
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- Explain what bait and switch is and why it is an example of deceptive pricing. Have you ever been a victim of this practice?arrow_forwardPlease don't use handwriting please Coupons and rebates benefit different distribution channel members. Which would you prefer if you were a manufacturer, a retailer, and a consumer and why? Explain based on the concepts related to strategic pricing methods and tactics in marketing.arrow_forwarda) Identify and describe this mobile phone’s (any mobile phone) pricing objective (pricing objective has 6 elements including Survival, Maximum current profit, Maximum market share, Maximum market skimming, Product-quality leadership, and other objectives). b) Identify two places (e.g., online stores, telecommunication companies, etc.) where this phone can be purchased. Compare their offers (price, package, trade-in option, payment plan, etc.) and explain in detail why this phone.(maximum 300 words)arrow_forward
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