Final answer:
When a store carries other brands that are comparable but priced lower, it means they offer alternative products with a lower price tag. This strategy aims to attract price-conscious customers and create competition. Examples include offering smartphones from well-known and lesser-known brands.
Step-by-step explanation:
When a store carries other brands that are comparable but priced lower, it means that they offer alternative products that are similar in quality but have a lower price tag. This strategy is commonly used in business to attract customers and create competition in the market. By providing options that are cheaper than their competitors, the store aims to appeal to price-conscious customers and encourage them to choose their products over others.For example, let's say there is a store that sells smartphones. They carry multiple brands, including a well-known brand and a lesser-known brand. The well-known brand is more expensive, while the lesser-known brand offers a similar performance at a lower price. By offering both options, the store allows customers to choose based on their budget and preferences.In the business world, this strategy can be seen in companies such as Amazon, which constantly strives to offer lower prices compared to their competitors. By doing so, they attract customers who are looking for a good deal and are willing to purchase from them instead of other retailers.