What powerful buyers (customers) can do Except: Group of answer choices tend to be more price...
What powerful buyers (customers) can do Except: Group of answer choices
tend to be more price sensitive if they are purchasing differentiated products
force down prices
play competitors off against each other
demand higher quality or more service
Homework Answers
Answer: Tend to be more price sensitive if they are purchasing differentiated products: The powerful customers because of their purchasing power can force down prices, can play off competitors against each other as they fight to get these customers and demand higher quality or more service from the sellers. But while purchasing differentiated products/services, price is not a very big issue for such customers as it is the differentiated features of the products that matter rather than the price.
Add Answer to:
What powerful buyers (customers) can do Except: Group of answer
choices
tend to be more price...
Businesses can “price discriminate” by charging a higher price to buyers with more inelastic demand, and...
Businesses can “price discriminate” by charging a higher price to buyers with more inelastic demand, and a lower price to buyers with more elastic demand. Supermarkets and department stores do this with coupons, for example. Coupon-clippers have more-elastic demand, so they’re willing to spend time clipping coupons in order to get the lower price. People who are not eager to use coupons, on the other hand, have less-elastic demand and so they’re OK with paying the higher non-discounted prices. In...
What of the following statements is not true about group price discrimination? Group of answer choices...
What of the following statements is not true about group price discrimination? Group of answer choices it is less difficult to charge different prices to different consumers if a good is an individually provided service, such as haircuts the group of consumers with more elastic demand (as a given price) will be charged a higher price in theory the good considered must be the same, but in the real world a price discriminating monopolist may need to change the good...
Firms that buy inputs from suppliers have more bargaining power when: A. the costs of switching...
Firms that buy inputs from suppliers have more bargaining power when: A. the costs of switching suppliers are low B. the suppliers sell highly differentiated products C. there are many other buyers in the market D. they purchase a relatively small quantity of product If a firm successfully differentiates its product from other products in the market, then we should expect the elasticity of demand for the differentiated product to become: A. retain the same elasticity of demand B. more...
BoltBus aims to price its services in such a way that it offers its customers more...
BoltBus aims to price its services in such a way that it offers its customers more value than travelling by airplane, car, or other bus companies. To which of the following pricing strategies is this most similar? a.Competitive pricing b.Skimming pricing c.Odd pricing d.Penetration pricing Which of the following forms the primary target audience for BoltBus? a.Families with young children b.Young adults in the 18-34 age bracket c.Businesspeople who travel for work d.Older people who cannot afford high air fares...
MULTIPLE CHOICES 13. You have discovered that the sments you are targeting programs. This segmenting requirement...
MULTIPLE CHOICES
13. You have discovered that the sments you are targeting programs. This segmenting requirement is called ???????? e and respond differently to different marketing mix elements onceptually a. accessible c. reachable b. measurable d. differentiable 14. Mary ates targets several different market segments while ning separate offers for each one. This approach is called a. undifferentiated c. multi-segmented marketing. b. differentiated d. mass 15, Neiman Marcus claims superior quality, performance, and style. The pnce to cover the higher...
POM CUCI 1. Because of monopoly, consumers experience___than they do with perfect competition. A. more choices...
POM CUCI 1. Because of monopoly, consumers experience___than they do with perfect competition. A. more choices B. larger quantities C. higher quality D. higher prices 2. Which statement concerning monopoly is TRUE? A. Monopoly firms are always larger than are perfectly competitive firms. B. A monopoly has no rivals. C. Barriers to entry do not prevent other firms from entering a monopolized industry. D. Monopolists produce more output than does a competitive market with the same demand and cos structure....
I need to put answer 1 and 2 together into one. and also verify if its...
I need to put answer 1 and 2 together into one. and also verify if its right thank you ANSWER 1 Porter’s Five Forces Analysis Of Adidas For the constant maintenance of profit of the organization and to analyze the competition of the business we use Porter’s five forces. This business model will help us to identify the exact causes of threat by keen analyzation of various categories. And it also helps us to make strategic decisions for the productive...
Question 30 Which of the following do firms in an oligopoly tend to operate more like?...
Question 30 Which of the following do firms in an oligopoly tend to operate more like? a. They can operate like competitors or monopolies. b. They operate more like perfect competitors. c. They operate more like monopolies. d. They operate more like competitors. Question 22 Ella lives in Flint, Michigan where the city water was contaminated with harmful chemicals and lead. Ella’s infant now suffers from mental retardation due to lead poisoning. This is an example of a/an a. external...
WHEN 19-YEAR-OLD MICHAEL Dell began selling personal computers out of his college dorm room in 1984,...
WHEN 19-YEAR-OLD MICHAEL Dell began selling personal computers
out of his college dorm room in 1984, few would have bet on his
chances for success. In those days, most computer makers sold their
PCs through an extensive network of all-powerful distributors and
resellers. Even as the fledgling Dell Computer Corporation began to
grow, competitors and industry insiders scoffed at the concept of
mail-order computer marketing. PC buyers, they contended, needed
the kind of advice and hand-holding that only full-service channels...
can you please help me with these problems . microeconomics 0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an eff...
can you please help me with these problems .
microeconomics
0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an effort to drive a competitor out of the market is known as predatory average variable O average fixed explicit average total marginal 0/1.21 pts wered Question 78 0/1.21 An example of a tying arrangement is a restaurant offering both Pepsi and Coca-Cola products. a car manufacturer installing expensive onboard GPS/navigation systems in all the...
MULTIPLE CHOICES
13. You have discovered that the sments you are targeting programs. This segmenting requirement is called ???????? e and respond differently to different marketing mix elements onceptually a. accessible c. reachable b. measurable d. differentiable 14. Mary ates targets several different market segments while ning separate offers for each one. This approach is called a. undifferentiated c. multi-segmented marketing. b. differentiated d. mass 15, Neiman Marcus claims superior quality, performance, and style. The pnce to cover the higher...
POM CUCI 1. Because of monopoly, consumers experience___than they do with perfect competition. A. more choices B. larger quantities C. higher quality D. higher prices 2. Which statement concerning monopoly is TRUE? A. Monopoly firms are always larger than are perfectly competitive firms. B. A monopoly has no rivals. C. Barriers to entry do not prevent other firms from entering a monopolized industry. D. Monopolists produce more output than does a competitive market with the same demand and cos structure....
WHEN 19-YEAR-OLD MICHAEL Dell began selling personal computers
out of his college dorm room in 1984, few would have bet on his
chances for success. In those days, most computer makers sold their
PCs through an extensive network of all-powerful distributors and
resellers. Even as the fledgling Dell Computer Corporation began to
grow, competitors and industry insiders scoffed at the concept of
mail-order computer marketing. PC buyers, they contended, needed
the kind of advice and hand-holding that only full-service channels...
can you please help me with these problems .
microeconomics
0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an effort to drive a competitor out of the market is known as predatory average variable O average fixed explicit average total marginal 0/1.21 pts wered Question 78 0/1.21 An example of a tying arrangement is a restaurant offering both Pepsi and Coca-Cola products. a car manufacturer installing expensive onboard GPS/navigation systems in all the...
Most questions answered within 3 hours.
-
a.) How is a monopolistic firm different from a perfectly
competitive firm? Which firm will have...
asked 5 minutes ago -
The following reagents are available:
Reagent 1: pKa = 5
Reagent 2: pKa = 6.75
Reagent...
asked 4 minutes ago -
A company has entered into a business agreement with a business
partner for managed human resources...
asked 23 minutes ago -
You have been asked to develop a new line of organic skincare
products. Spend time with...
asked 1 hour ago -
Summerdahl Resort's common stock is currently trading at $37 a
share. The stock is expected to...
asked 1 hour ago -
To an economist, the field of industrial organization answers
which of the following questions?
asked 1 hour ago -
How could meeting industry expectations, propel managers into
challenging and possible conflict of interest situations? How...
asked 1 hour ago -
You have been married to your spouse for 10 years. You have two
small children (ages...
asked 3 hours ago -
Spiderman makes a leap from one building to
another. He starts on one building that is...
asked 3 hours ago -
A
symbol is something that stands for something else. What are the
symbols in education?what are...
asked 4 hours ago -
The charge to the left in the figure above has a
magnitude of 2.90 nC, and...
asked 5 hours ago -
Verify the MIRR is 9.29% given cash flows in years 1 and 2 of
$1,000 each,...
asked 6 hours ago