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Which of the following practices can help firms facilitate cooperative pricing?



A. Price leadership
B. Advance announcement of price changes
C. Price following
D. Most favored customer clauses
E. Uniform delivered prices

This question is part of Chapter 10
Asked by Orsay, Last updated: Jun 09, 2020

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2 Answers

c.Dorothy

C.Dorothy

Answered Dec 08, 2017

There are many trends that can be detected when analyzing pricing. There are investment strategies which people will analyze the market prices of similar products. People may not rely on looking at the strengths of the companies, but rather they would look straight at all of the prices including the competitor’s and their own. Prices may move up and down based on the supply and demand of the product. People will try to figure out the trends in the market by looking at the direction that their product is taking.

There are many techniques to use to determine these trends. Price following is a practice that can help firms facilitate cooperative pricing. This will help determine how to price products and whether they are selling or not.

 

Orsay

Orsay

Answered Sep 05, 2017

Price following
 

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