Why might businesses use going out of business sales as a technique to make customers think prices
Question:
Why might businesses use “going out of business” sales as a technique to make customers think prices will be lower as a result?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 38% (13 reviews)
It is because if a business closes its doors it cannot be held r...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Organisations are increasingly turning to OD as a technique to manage everyday change. Imagine that you are the HR practitioner responsible for OD processes. What would you do to ensure that you were...
-
Why dont small businesses make greater use of the direct credit markets since these markets enable firms to finance their activities at a very low cost?
-
Lower prices for color laser printers make them a great alternative to inkjet printers. PC World reviewed and rated 10 color laser printers. The following data show the printing speed for color...
-
Calculate the IRR for the following projects. a. An initial outflow of $15,220 followed by inflows of $5,000, $6,000, and $6,500. b. An initial outflow of $47,104 followed by inflows of $16,000,...
-
Why would a high-beta stock often have a greater speculative premium than a low-beta stock?
-
What is the auditor's responsibility in assessing the risk of fraud in planning? A. To assess the risk of material misappropriation of assets only. B. To assess the risk of any fraud that may have...
-
5. During its fiscal year ended June 30, 2016, the City of Ingalls issued purchase orders totaling $5,000,000, which were properly charged to encumbrances at that time. Ingalls received goods and...
-
Suppose the counts recorded by a Geiger counter follow a Poisson process with an average of two counts per minute. (a) What is the probability that there are no counts in a 30- second interval? (b)...
-
True or false: When estimating the cost of debt, one should average the costs of short - term and long - term debt issues of a corporation.
-
What is the difference between fixed costs and variable costs?
-
What are economies of scale, diseconomies of scale, and constant returns to scale?
-
Louis is a participant in the SIMPLE IRA of his employer Brown, Inc. During 2021, he contributes 8% of his salary of $63,000, and his employer contributes 3%. What is the total amount that will be...
-
RQ3: How might finance affect the formulation and application of corporate strategies?
-
How does this scene relate to a person who is?
-
How does Max learn to apologize?
-
Why are some on the spectrum bullied, and how must a parent feel?
-
Question 1: Response to Theresa Johnson?
-
Determine whether the real numbers are closed under the given operation. Addition
-
Draw two scatterplots, one for which r = 1 and a second for which r = 21.
-
What does it mean when one currency is "pegged" against another currency? Why do countries peg their currencies? What problems can result from pegging?
-
Look at the tables below, which show, respectively, the willingness to pay and willingness to accept of buyers and sellers of individual bags of oranges. For the following questions, assume that the...
-
Label each of the following scenarios with the set of symbols that best indicates the price change and quantity change that occur in the scenario. In some scenarios, it may not be possible from the...
-
If John invested $20,000 in a stock paying annual qualifying dividends equal to 4% of his investment, what would the value of his investment be 5 years from now? Assume Johns marginal ordinary tax...
-
help asap please!
-
Please, help asap! I have one day. Feedback will be given. & show some work. [in Excel] For the final project you will need you to create a spreadsheet /proforma of the cash flows from a property....
Study smarter with the SolutionInn App