Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the time of writing, a white, cotton blend, v-neck t-shirt on Quince's site cost $15 while a very similar shirt cost $50 on Banana

At the time of writing, a white, cotton blend, v-neck t-shirt on Quince's site cost $15 while a very similar shirt cost $50 on Banana Republic's site. How does Quince explain its lower prices? Question 2 options: Quince materials are lower quality than BR's. Quince's stores are in lower-end strip malls and sketchier parts of town, while Banana Republic rents very expensive retail locations. Vertical integration: Quince sells directly to customers via the website, rather than paying for sourcing agents, warehouses, and retail rents. Quince cuts corners on sustainability, sacrificing environmental safety to produce cheaper clothing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Strategic Planning In Healthcare

Authors: Jeffrey P. Harrison

3rd Edition

1640552014, 9781640552012

More Books

Students also viewed these General Management questions

Question

In Exercises 32-37, find the values of x and y. 43 75

Answered: 1 week ago