Asked by Scott Johnston on Jun 12, 2024

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​In order to increase sales the firm can

A) ​Increase the reference price for the product
B) Decrease prices
C) Differentiate their product
D) ​All of the above

Reference Price

A price point that consumers use as a basis for comparison in judging the actual price of a product or service.

Differentiate Product

Differentiate product involves creating distinctions between products, typically to make a product more attractive by highlighting its unique features compared to competing products.

  • Analyze different methods of pricing to increase sales effectiveness and understand their influence on buyer behavior.
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BR
Brian ReyesJun 19, 2024
Final Answer :
D
Explanation :
Increasing the reference price can make the original price seem more attractive, decreasing prices can directly stimulate demand, and differentiating the product can appeal to a broader or more targeted audience, all of which can increase sales.