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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Some firms do not delete products until they become financially threatening. What problems may result from this practice?

Summary Introduction

To determine: The problems if a product is failed to delete until they become financially threatening.

Introduction: Price frames a vital constituent of the showcasing blend and is for the most part administered by the organizations pricing objectives, which is intelligent of the marketing, money related, product and vital objectives, alongside the consumer price desires, the current stock, the manufacturing facility and the related price elasticity.

Explanation

The problems if a product is failed to delete until they become financially threatening are as follows:

A weak product costs the firm cash, time, and assets that would some way or another be a...

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