L5M7 Exam Dumps - Achieving Competitive Advantage Through the Supply Chain (L5M7)

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Question # 25

Farmer Joe sells wheat and barley. He charges more when demand is high and less when demand falls. What pricing strategy does he follow?

Competitive Pricing

Flexible Pricing

Dynamic Pricing

Variable Pricing

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Question # 26

Jerry works in product development at a clothing manufacturer. The company is discussing ways of adding value for customers. Jerry suggestsreducing pricescould be a form of added value. Is he correct?

Yes â€“ this is a form of added value but requires the ability of the supply chain to reduce costs.

Yes â€“ this will increase the companyâ€™s profit margin.

No â€“ added value is only a form of innovation.

No â€“ as the customer is not offered anything additional to their purchase.

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