Status Quo:

Question

Cost structure- higher operating cost,need higher price to maintain margins... what does it simply means.

Answer 1

The phrase you provided refers to a situation where a business is facing higher operating costs, which are the expenses required to run the business on a day-to-day basis. These costs can include salaries, rent, utilities, raw materials, and other expenses.

When the operating costs are high, the business needs to set higher prices for its products or services in order to maintain its profit margins. Profit margins are the difference between the cost of providing a product or service and the price at which it is sold. If the costs are high and the business doesn’t raise prices accordingly, the profits will decrease.

In simple terms, if it costs a business more to operate, it must charge customers more to keep making a profit.

Answer 2

Price point- Istana k7.2 is lower indicating a competitive pricing strategies aimed at attracting cost conscious consumers. What does it simply means

Answer 3

The statement means that the product "Istana K7.2" is priced lower than similar products on the market. This lower price is part of a strategy to appeal to consumers who are very mindful of their spending and are looking for the best deals or value for their money.

In simple terms, the company is setting a lower price for Istana K7.2 to attract buyers who are looking for affordable options, making it more competitive compared to other products that may be more expensive. This can help the company gain more customers, especially in a market where price sensitivity is significant.

Answer 4

Competitive pricing strategies- attractive price sensitive customers to boost sales.what does it simply means

Answer 5

The phrase "competitive pricing strategies attract price-sensitive customers to boost sales" means that a business is setting its prices lower or at a competitive level compared to others in the market. The goal of this strategy is to appeal to customers who are particularly concerned about price and are looking for good deals.

In simple terms, by keeping prices attractive and lower than competitors, the business aims to draw in more customers who may not want to spend too much money. This can help increase the number of sales and improve overall revenue, as more people are likely to buy the product when they see a good price.

Answer 6

State the clear point

Answer 7

Here are the clear points:

1. Competitive Pricing: The business sets lower prices compared to competitors.
2. Target Audience: This strategy aims to attract price-sensitive customers who are conscious of their spending.
3. Boosting Sales: The goal is to increase sales by appealing to customers looking for better deals.

In summary, by offering attractive prices, the business hopes to sell more products.

Answer 8

Inventory management-
Needs to move stock quickly, promoting lower prices.what does it simply means?

Answer 9

The phrase "Needs to move stock quickly, promoting lower prices" means that a business has a lot of products (inventory) that it wants to sell quickly. To encourage customers to buy these products faster, the business is offering them at lower prices.

In simple terms:

1. Move Stock Quickly: The business wants to sell its products fast to avoid excess inventory.
2. Lower Prices: To entice customers to buy more, the business is reducing prices.

Overall, the goal is to clear out inventory quickly by making the products more affordable.

Answer 10

Goals of market penetration
- use lower price to gain market share.
What does it simply means?.

Answer 11

The phrase "use lower price to gain market share" refers to a strategy where a business sets its prices lower than competitors to attract more customers and sell more products.

In simple terms:

1. Market Penetration: The goal is to enter or increase its presence in the market.
2. Lower Prices: By offering products at lower prices, the business aims to attract more buyers.
3. Gain Market Share: Successfully drawing more customers helps the business increase its share of the overall market.

Overall, the strategy is about using lower prices to become more competitive and capture a larger portion of sales in the market.