When a company sells something for less money than what it cost them to manufacture that good, it is an example of:
Answer:
When a company sells something for less money than what it cost them to manufacture that good, it is an example of: Loss Leader Pricing Strategy
Reason:
A Loss Leader (also a leader) could
be a pricing strategy where the product is sold at a lower cost
than the market value to encourage the sales with this sales
advertising / marketing strategy, a "leader" is any popular
article, i.e. Sold at an affordable price.
One of the uses of a drawing card is to lure customers to the shop
where they buy other goods. the vendor expects that the actual
customer will buy other items at the identical time because the
drawing card and therefore the profit of those items are such the
vendor will make an overall profit.le of more profitable goods or
services.
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