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1. A manufacturing firm sells a product for less than its long-term price Describe how this scenario...

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Accounting

1. A manufacturing firm sells a product for less than itslong-term price

Describe how this scenario can come about. [8 marks]

Answer & Explanation Solved by verified expert
3.6 Ratings (699 Votes)
Often manufacturing firms especially new firms sell products at less than the long term price in the market to penetrate the market Apart from new firms even established firms also use such strategy to launch    See Answer
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1. A manufacturing firm sells a product for less than itslong-term priceDescribe how this scenario can come about. [8 marks]

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