The marketing manager of Rues Golf Club finds that the club can increase its market share, and become the industry leader if it slashes membership prices by 50% during the first quarter of the year. However, the club cannot achieve its target return on investment if its slashes its membership prices during a quarter. This conflict illustrates:_________

Answers

Answer 1

Answer:

Need for trade offs in pricing objectives

Explanation:

I the given scenario the club is faced with two choices. Either they increase market share and become an industry leader while slashing membership prices, or leave membership price the way it is and meet its target on return on investment.

A trade off is required in this kind of situation.

In a trade off a business will need to lose in one aspect in order to gain in another.

So a choice will need to be made on what the business will be able to lose and come out benefiting more.

If the company values the proposition of increasing its market share and becoming the industry leader, it will slash it's membership price by 50%

Related Questions

Brad, a retail store manager, notices that one of his employees, Eric, is sleeping in the break room during his shift. Brad needs to give Eric feedback that this conduct is not allowed. You advise Brad that the feedback would be best delivered to Eric:

Answers

Answer: Quickly as Eric's behavior was observed.

Explanation:

One of the major ethics in a work place is to avoid sleep is during your shift, this puts extra work on your colleagues or puts the work or operation at risk when you're the only one carrying out the job. The feedback that Brad would have to Eric has to be done as quickly as possible so that Eric can work on it and desist such attitude.

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