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- Price matching is a strategic move that A- seeks to make cheating unprofitable. B- must generally be announced publicly in order to have the desired effect. C- has no usefulness to managers if a simultaneous pricing decision is going to be made only one time. D- both a and b E- all of the aboveWhile you are negotiating with a real estate agency to buy your own house, you suspect that the sales agent using of hardball tactic. How can you respond? Please give plagiarism free answerIf the price match policy is a good idea, how widely should it be advertised? Explain. You woke up this morning to a troubling advertisement on TV: A+ Rental Cars' local competitor is discounting their economy rentals. After doing a little digging, you discover that your competitor has launched an aggressive advertising campaign, reducing the price on their economy line from $32.99 to $24.99. Based on your knowledge of previous pricing practices, you expect a similar price reduction across all vehicle types.
- Auctioneers in the state of Nebraska need to get a license from the State in order to operate. Suppose the license has a one-time fee of $50,000. Once the license is granted, the state of Nebraska allows the auctioneer to sell the license to others at any price. But, if the auctioneer wants to, the auctioneer can give up his/her license AT ANY TIME and get a $40,000 refund from the state of Nebraska. Samantha recently paid $50,000 for the auctioneer’s license but is having second thoughts. So, she spends $5,000 on advertising hoping to get $42,500 for the license. Using all of the information above, what is Samantha’s sunk costs? Using ONLY the ABOVE INFORMATION. Assuming that Samantha has not sold the license yet , do you think the Samantha made a wise move to spend $5,000 on advertising hoping to get $42,500 for the license? Explain why or why not? After a very long wait, suppose Samantha gets an offer of $41,500 for the license. 3. Should Samantha accept the offer? Why or…Give examples of tactics practiced by a buyer or seller that might be consideredunethical.Are there opportunities to combine volumes of spending from different busi- nesses, and standardize product requirements, reduce the number of suppliers providing these products, or exploit market conditions to receive better pricing?
- In bargaining without impatience, What is the discount factor?Under what conditions is cost-plus pricing mostappropriate?Nestle baby formula is known for causing illness and infant deaths in poor communities in third world countries by promoting their infant formula products at the expense of breastfeeding. They have provided unethical marketing practices. Promotional campaigns of multinational corporations (MNCs) have exacerbated the problem of controlling the use of this potentially dangerous product by luring the consumer into the market.
- List and discuss the key characteristics of organi-zational buying that make it different from con-sumer buyingWhy is bundling typically less successful for tangible goods than it is for intangible goods? (select all that apply): Marginal costs (MC) are higher MC of items can exceed WTP (One should not include such items in a bundle) Items are more likely to be substitutes Inspection paradox MicropaymentsRational ignorance results from: A) People deciding to over‐search for price information B) Producers selling credence goods C) Positive marginal costs for information and decreasing marginal benefits from additional information D) Search costs falling E) All of the above