OgLonetar7992 OgLonetar7992
  • 13-04-2022
  • Business
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Economics - What’s an example where the market approach would not be appropriate? Why?

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victoria4572
victoria4572 victoria4572
  • 13-04-2022

try defining what a market approach is: a method of determining the value of a product based on the selling price of similar products.

you can then proceed to think of a specific product or brand which is extremely overpriced (meaning sales volume will be low) or underpriced (meaning profit is not as much as it could be).

a simple example of this could be misjudging the value of real estate, and selling houses, land and other infrastructure for either much more or much less than you should

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