tooro6195 tooro6195

16-10-2019
Business

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A company introduces a new product in the market. The company decides that the only way it could attract customers is to keep the price of the product lower than what its competitors charge. What advantage would the company enjoy because of the strategy it proposes to follow?

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LIGHTBOY95 LIGHTBOY95

16-10-2019

Answer:

Company would make more money than other companies.

Explanation:

Because customers would buy more.

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notsmart79 notsmart79

16-10-2019

lowering prices leads to higher sale volumes , making up for the lower profit margin .

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