Suppose a manufacturer of exercise equipment sets a suggested price to the consumer of $395 for a
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Suppose a manufacturer of exercise equipment sets a suggested price to the consumer of $395 for a particular piece of equipment to be competitive with similar equipment. The manufacturer sells its equipment to a sporting goods wholesaler who receives 25 percent of the selling price and a retailer who receives 50 percent of the selling price. What demand oriented pricing approach is being used, and at what price will the manufacturer sell the equipment to the wholesaler?
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The demandoriented pricing approach being used here is Resale Price Maintenance RPM In this strategy ...View the full answer
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Ashanand Chahal
I like teaching math to children. I teach children with basic skills so that children can read subjects well and do better in maths subject.
Patience – Learning is a process in itself. It will take some time for some students to get over their fear of Math.
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