Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Both Tom's Car Repair and Fast Engines. incur a cost of $9,000 to manufacture a vehicle. However, the economic value created by Fast Engines. is more than that created by Tom's Car Repair. What does this indicate

Sagot :

Answer: Fast Engines can change a premium price on its automobiles

Explanation:

Premium pricing refers to a when the price of a particular product or service is kept high artificially high so as to encourage a favorable perceptions among the buyers.

Since Tom's Car Repair and Fast Engines. incur a cost of $9,000 to manufacture a vehicle but the economic value created by Fast Engines. is more than that created by Tom's Car Repair, then it shows that fast Engines can change a premium price on its automobiles.

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.