Question: Time left 0 : 4 7 : 5 1 Bethlehem Candles, a supply house for scented and unscented tapers and other ceremonial candles to houses
Time left ::
Bethlehem Candles, a supply house for scented and unscented tapers and other ceremonial candles to houses of worship, restaurants, and other establishments, has experienced a downturn in business in the last two years. Upon investigation, the owner of Bethlehem Candles learns that the same candles that they sell are available from online retailers for at least less. The firm will not be able to survive if customers continue purchasing from competing online retailers. Bethlehem Candles maintains a storefront for selling candles but does not provide other services or products. Which of the following would most likely enable Bethlehem Candles to recapture their previous customers and gain new customers?
a Bethlehem Candles could send out a mailing to all their customers reminding them that they carry a full line of candles.
b Bethlehem Candles could move their store to a more visible and expensive location in the mall.
c Bethlehem Candles could announce a "candle of the month" program to discount candles that traditionally haven't sold as well as their other candles.
d Bethlehem Candles could lower their prices on less popular candles to create "loss leaders" that would induce new customers to purchase regularlypriced candles from them.
e Bethlehem Candles could shut down their retail location to cut overhead and move their business to the Internet, where they could charge lower prices and compete with other online candle retailers.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
