(Answered) Garam

Management Studies

GaRam is a sales manager of an appliance store and she sometimes visit outlets run by competing stores. Six months ago, she noticed that rivals' prices were very close to the prices at her store. However, in the last six months, her competitors have lowered their prices to about 15 percent below the prices at her store. Nevertheless, the total unit sales at her store have increased slightly during this time period. Assuming rational buyers and no deceptive advertising, what is the rational explanation for this?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92484327
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

T-mobile recently gone through some difficulties the main

T-Mobile recently gone through some difficulties. The main issue is a high turnover in customer retention which has led to regressing sales. Despite aggressive campaigns to attract customers with lower mobile phone price ...

What is the process of managing the implementation of a

What is the process of managing the implementation of a major upgrade to an acute care hospital's electronic health record system?

You are saving up to buy a toyota tundra which costs 35000

You are saving up to buy a Toyota Tundra, which costs $35000 now. You don't think the price of the Toyota will change over the next two years. You don't want to borrow to pay any of this cost. You now have $10000 toward ...

In class we were discussing different types of learningwhat

In class we were discussing different types of learning What is the difference between Institutional Learning and System Learning? Is it possible to transition from one to the other in the business setting?

According to firestones tire recall case evaluate and

According to Firestone's tire recall case, evaluate and discuss the role of leadership when commercial realities conflict with the public safety concerns and the ethical dilemma that ensue for leaders in such situation. ...

What are the pros and cons of allowing the ceo of a company

What are the pros and cons of allowing the CEO of a company to also serve as the Chair of the Board? Please provide an example of a situation where this was positive or a situation where this was negative

1 explain how the following industries should adapt

1. Explain how the following industries should adapt their businesses to the ever expanding use of social networks and mobile computing (smart phones, tablet computers, etc.): 1) Media and Entertainment, 2) Department st ...

What are some differences between transaction processing

What are some differences between Transaction Processing Information Systems and Management Information Systems?

What are some examples of when a data compression utility

What are some examples of when a data compression utility can be used for information stored on a computer's hard drive?

Define task-oriented behavior and people-oriented behavior

Define task-oriented behavior and people-oriented behavior and explain how they are used to evaluate and adapt leadership style.(Ch. 15)

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert