Question

Zen Nxt, an innovative tablet and smartphone manufacturer, launches a new line of smartphones with advanced processors, high definition displays, and other added features. The company is willing to sell the smartphones at $150 each, and the consumers are also willing to buy these smartphones at that price. In this scenario, $150 is the _____ of the new smartphones made by Zen Nxt.a) competitive priceb) Incorrectc) maximum retail priced) equilibrium pricee) bundled pricef) discount price

Answer 1

a) Competitive price

Step-by-step explanation:

a) Competitive price

Competitive price strategy is taken into consideration for setting prices for a product keeping in mind the competitors price for the similar products.

Competitive price have better sales and compete better with other similar products in the market. It gains a competitive edge in the market. It gains maximum customer recognized values.