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Waving Through the Window You and your two roommates are starting a window washing service to...

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Accounting

Waving Through the Window You and your two roommates arestarting a window washing service to help put yourself throughcollege. There are two other well-established window washingservices in your area. Should you set your price higher or lowerthan that of the competition? Justify your answer. One roommatebelieves the most important objective in setting prices for thebusiness is to generate a large profit, while keeping an eye onyour competitors’ prices; the other roommate believes it isimportant to maximize sales and set prices according to what yourcustomers expect to pay. Who is right and why? How do the number ofcompetitors in the market in this situation affect YOUR pricingstrategy?

Answer & Explanation Solved by verified expert
4.4 Ratings (892 Votes)
Answer There are two other pet grooming services in our area and we are expecting more competition from them We are decided to start grooming service and our service will be new to the customers as it was the beginning we like to have the lower prices because it was also a kind of strategy to compete with the    See Answer
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