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How would you determine whether a firm’s retail prices are above, at, or below the market?
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- How is the information provided by shadow prices clearly valuable to management?What are the differences in prices for the same product from one store to another?You have a great idea for a business and need to create a business plan to present to a bank. Choose one of the following products or services and draft the part of your plan that describes how you will price and market it. 1. Haircuts at home.2. Online apartment rental listing.
- Assume you are a small retailer selling women's fashions. What actions can you take to build a credit relationship with a manufacturer or wholesaler to ensure that you can use trade credit to purchase needed inventory for your store?2. Identify the target market for the retail trade and discuss how it is trying to develop an advantage over its competitorsBriefly describe each of the following, and explain how it is used in technical analysis: a. Breadth of the market b. Short interest c. Odd-lot trading
- If you are a very famous manufacturer company, and you plan to showcase your product in a store that has a "narrow but deep selection" of merchandise and where expert sales associates can assist customers with their selections, you'd most likely choose a(n) _______ retailer. extreme value retailer. convenience store warehouse club. department store. specialty store.Why would retailers risk violating any of the legal issues discussed in this chapter, such as predatory pricing, price fixing, deceptive pricing, bait and switch, or discriminatory pricing? Explain your respond.Given that there is a serious disadvantage to cost-based pricing, how would you account for its widespread use in retailing and other businesses?