When Sports 360, a sports bar in New York, saw yet another sports bar open up across the street it knew that it would have to lower its price again to stay in business. The city already had too many sports bars and Sports 360 intended on being one of those left after the inevitable shake out. The best pricing strategy for Sports 360 will be:

Question

25-12-2019
Business

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When Sports 360, a sports bar in New York, saw yet another sports bar open up across the street it knew that it would have to lower its price again to stay in business. The city already had too many sports bars and Sports 360 intended on being one of those left after the inevitable shake out. The best pricing strategy for Sports 360 will be:

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fatimakincsem fatimakincsem · Answer 1 · 2020-01-06T21:35:59+01:00

The correct answer would be, Survival Pricing.

The city already had too many sports bars and sports 360 intended on being one those left after inevitable shake out. The best pricing strategy for Sports 360 will be Survival Pricing.

Explanation:

Survival Pricing is one of the many pricing strategies. In survival pricing, the price of the products are set flexible according to the needs of the company and demands of the customers.

In this strategy, the prices are lowered in order to meet the sales goals and keep the business going. With the help of this strategy, the company remains in the market and fulfill only the essential costs of the company.

When this strategy is used, the goal of making profits is set aside and the company focuses on its survival for a temporary period of time.

So Survival Pricing would be best for Sports 360.

Learn more about Survival Pricing at:

https://brainly.com/question/7159739

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