Marketing Nancy is the sales manager of the shoe store. The owner has told
ner that she must set a price that allows the store to sell at least 50 pairs of
running shoes next month. What price should she set? If another local store
has a big sale and lowers its price for running shoes by 25 percent, will
Nancy's employer reach the sales goal? Why or why not?

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sunmathisynergy sunmathisynergy · Answer 1 · 2020-02-12T09:01:26+01:00

Answer:

In order to complete the target of selling 50 pairs of shoes, Nancy should keep the price of shoes below $60. If another local store

has a big sale and lowers its price for running shoes by 25 percent, Nancy's employer will find it difficult to reach the sales goal.

Explanation:

The person who is dealing in a certain commodity has to intelligently devise how many customers is he able to attract for a given price of the commodity. Keeping in mind what the target is, he should then declare the prices of commodities to attract the expected number of customers.
If another seller in the same area is selling the same commodities at a discounted price, it naturally tends to affect the sale of the other players in the market as the flow of customers gets diverted.