Slick It, Inc. ? Render is a salesperson for Slick It, Inc. Slick It does not sell products with its own brand name. Instead, its products are created for different retail stores and carry the store brand. Render thought that several changes needed to be made to a particular product, but Slick It management reminded him that the stores, not Slick It, owned the brand. ? However, because Slick It had been concerned about dropping sales, management listened to Render's concerns about the company's pricing. He suggested using a different pricing strategy. More specifically, he felt that the company should incorporate a multiple-unit pricing strategy because it would then allow Slick It to set a single price for multiple units. This had the potential of increasing sales and therefore

profits, so management agreed to consider Render's suggestion. Refer to Slick It, Inc. The multiple-unit pricing strategy suggested by Render is a(n) ____ strategy.

A. new product
B. psychological
C. equilibrium
D. promotional
E. place


Answer: B

Business

You might also like to view...

Which of the following is not a disadvantage of using the FIFO cost flow assumption?

A) creates the highest outflow for income taxes during periods of rising prices B) does not match current costs against current revenues C) includes all the holding gains in income during periods of rising prices D) provides a relevant ending inventory value

Business

Dividing a market into distinct groups of buyers who have different needs, characteristics, or behaviors, and who might require separate products or marketing programs is known as market diversification

Indicate whether the statement is true or false

Business

Legal constraints and ethical considerations should be considered when developing a company's pricing policy

Indicate whether the statement is true or false

Business

A simple interest calculation assumes you reinvest all interest earned in the investment

Indicate whether the statement is true or false

Business