Initially how did they come up with a price?Group of answer choicesless than their costs to get into the marketmore than their competitors since they delivered as wellThey made up a numberjust enough to cover their costs
Question
Initially how did they come up with a price?Group of answer choicesless than their costs to get into the marketmore than their competitors since they delivered as wellThey made up a numberjust enough to cover their costs
Solution
The question seems to be asking about the initial pricing strategy of a company or product. However, the question itself is not provided, making it difficult to provide a specific answer. Here are general responses based on the provided choices:
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Less than their costs to get into the market: This strategy is often used by companies looking to quickly gain market share. By pricing their product or service below cost, they hope to attract customers away from competitors. This is often a short-term strategy, as it's not sustainable in the long run.
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More than their competitors since they delivered as well: This strategy might be used by a company that offers additional value or services, such as delivery, that their competitors do not. They might price their product or service higher to account for this added value.
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They made up a number: This is not a typical pricing strategy and is unlikely to be successful. Pricing should be based on a variety of factors, including cost of production, market demand, and competitor pricing.
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Just enough to cover their costs: This strategy might be used by a company looking to break into a market without making a significant profit. The goal here is to cover the costs of production and operation, but not much more. This strategy might be used to gain market share or to survive in a highly competitive market.
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