Woods and Co is one of the largest office furniture suppliers in the UK. They outsource manufacturing overseas, sell direct and keep their prices low. New firms who don’t have Woods’ economies of scale find it impossible to compete. What kind of pricing are Woods and Co using?
a. prestige pricing
b. pre-emptive pricing
c. product line pricing
d. placement pricing
e. price discrimination
b. pre-emptive pricing
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A) product B) production C) selling D) marketing E) societal marketing
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What will be an ideal response?
A tourist walks past a restaurant and looks in the window of the business. She sees many tables of people eating meals. The nice design etched on the large window matches the business sign over the front door
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A liability is a probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.
Answer the following statement true (T) or false (F)