Does selling at low cost signifies providing good value. Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Question

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Answer 1

Question

Chapter 1.2, Problem 1CY

Summary Introduction

To determine: Does selling at low cost signifies providing good value.

Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Expert Solution & Answer

Explanation of Solution

Does selling at low cost signifies providing good value?

It cannot be said that selling at a low price signifies good value. Since the manufacturer has to take a reasonable price from the customer along the good quality product. If a producer is not able to meet the needs and wants of the customer, the customer would not like to purchase goods and services from the customer.
If the producer sales its goods at a low price and is not able to recover the cost of the goods, produce will not produce that good.
But if the producer produces a good quality product, the producer should try to cover the product cost so that the producer can carry on its production of good quality.

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Answer 2

Question

Chapter 1.2, Problem 1CY

Summary Introduction

To determine: Does selling at low cost signifies providing good value.

Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Expert Solution & Answer

Explanation of Solution

Does selling at low cost signifies providing good value?

It cannot be said that selling at a low price signifies good value. Since the manufacturer has to take a reasonable price from the customer along the good quality product. If a producer is not able to meet the needs and wants of the customer, the customer would not like to purchase goods and services from the customer.
If the producer sales its goods at a low price and is not able to recover the cost of the goods, produce will not produce that good.
But if the producer produces a good quality product, the producer should try to cover the product cost so that the producer can carry on its production of good quality.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 1.2, Problem 1CY

Summary Introduction

To determine: Does selling at low cost signifies providing good value.

Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Expert Solution & Answer

Explanation of Solution

Does selling at low cost signifies providing good value?

It cannot be said that selling at a low price signifies good value. Since the manufacturer has to take a reasonable price from the customer along the good quality product. If a producer is not able to meet the needs and wants of the customer, the customer would not like to purchase goods and services from the customer.
If the producer sales its goods at a low price and is not able to recover the cost of the goods, produce will not produce that good.
But if the producer produces a good quality product, the producer should try to cover the product cost so that the producer can carry on its production of good quality.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 1.2, Problem 1CY

Summary Introduction

To determine: Does selling at low cost signifies providing good value.

Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Expert Solution & Answer

Explanation of Solution

Does selling at low cost signifies providing good value?

It cannot be said that selling at a low price signifies good value. Since the manufacturer has to take a reasonable price from the customer along the good quality product. If a producer is not able to meet the needs and wants of the customer, the customer would not like to purchase goods and services from the customer.
If the producer sales its goods at a low price and is not able to recover the cost of the goods, produce will not produce that good.
But if the producer produces a good quality product, the producer should try to cover the product cost so that the producer can carry on its production of good quality.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 1.2, Problem 1CY

Summary Introduction

To determine: Does selling at low cost signifies providing good value.

Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Expert Solution & Answer

Explanation of Solution

Does selling at low cost signifies providing good value?

It cannot be said that selling at a low price signifies good value. Since the manufacturer has to take a reasonable price from the customer along the good quality product. If a producer is not able to meet the needs and wants of the customer, the customer would not like to purchase goods and services from the customer.
If the producer sales its goods at a low price and is not able to recover the cost of the goods, produce will not produce that good.
But if the producer produces a good quality product, the producer should try to cover the product cost so that the producer can carry on its production of good quality.

Answer 6

Chapter 1.2, Problem 1CY

Summary Introduction

To determine: Does selling at low cost signifies providing good value.

Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Expert Solution & Answer

Explanation of Solution

Does selling at low cost signifies providing good value?

It cannot be said that selling at a low price signifies good value. Since the manufacturer has to take a reasonable price from the customer along the good quality product. If a producer is not able to meet the needs and wants of the customer, the customer would not like to purchase goods and services from the customer.
If the producer sales its goods at a low price and is not able to recover the cost of the goods, produce will not produce that good.
But if the producer produces a good quality product, the producer should try to cover the product cost so that the producer can carry on its production of good quality.

Answer 7

Chapter 1.2, Problem 1CY

Summary Introduction

To determine: Does selling at low cost signifies providing good value.

Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Answer 8

Expert Solution & Answer

Explanation of Solution

Does selling at low cost signifies providing good value?

It cannot be said that selling at a low price signifies good value. Since the manufacturer has to take a reasonable price from the customer along the good quality product. If a producer is not able to meet the needs and wants of the customer, the customer would not like to purchase goods and services from the customer.
If the producer sales its goods at a low price and is not able to recover the cost of the goods, produce will not produce that good.
But if the producer produces a good quality product, the producer should try to cover the product cost so that the producer can carry on its production of good quality.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 1.1 - Prob. 1CY Ch. 1.1 - Prob. 2CY Ch. 1.1 - Prob. 3CY Ch. 1.1 - Prob. 4CY Ch. 1.1 - Prob. 5CY Ch. 1.2 - Prob. 1CY Ch. 1.2 - Prob. 2CY

Does selling at low cost signifies providing good value. Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Concept explainers

To determine: Does selling at low cost signifies providing good value.

Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Explanation of Solution

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Chapter 1 Solutions

Does selling at low cost signifies providing good value. Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Concept explainers

To determine: Does selling at low cost signifies providing good value. Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.

Explanation of Solution

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Chapter 1 Solutions

To determine: Does selling at low cost signifies providing good value.

Introduction: Marketing is an art in which a seller sells his goods and services to his customer. Marketing has important four elements which are price, place, product and promotion.