Consider the argument: Price-match guarantees are bad for consumers because they eliminate any incentive for competitors to reduce prices. When you think it through, it's obvious that they eliminate price competition; ACME wouldn't win any of Globex's customers by offering a discount if Globex will give the same discount. On what hidden assumption does the main argument rely? (Or in other words, what premise should we add if reconstructing the argument faithfully and charitably?) O fa company wouldn't win competitors' customers by offering a discount then price- competition is eliminated. O What eliminates incentives for competitors to reduce prices is bad for consumers. Price match guarantees are deceptive because retailers can always find a legal reason to refuse to honor them. O Price-match guarantees deceptively seem to be good for consumers.
Consider the argument: Price-match guarantees are bad for consumers because they eliminate any incentive for competitors to reduce prices. When you think it through, it's obvious that they eliminate price competition; ACME wouldn't win any of Globex's customers by offering a discount if Globex will give the same discount. On what hidden assumption does the main argument rely? (Or in other words, what premise should we add if reconstructing the argument faithfully and charitably?) O fa company wouldn't win competitors' customers by offering a discount then price- competition is eliminated. O What eliminates incentives for competitors to reduce prices is bad for consumers. Price match guarantees are deceptive because retailers can always find a legal reason to refuse to honor them. O Price-match guarantees deceptively seem to be good for consumers.
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
Related questions
Question
HELP WHICH ONE?
![Consider the argument:
Price-match guarantees are bad for consumers because they eliminate any
incentive for competitors to reduce prices. When you think it through, it's
obvious that they eliminate price competition; ACME wouldn't win any of
Globex's customers by offering a discount if Globex will give the same discount.
On what hidden assumption does the main argument rely? (Or in other words,
what premise should we add if reconstructing the argument faithfully and
charitably?)
O Ifa company wouldn't win competitors' customers by offering a discount then price-
competition is eliminated.
O What eliminates incentives for competitors to reduce prices is bad for consumers.
O Price match guarantees are deceptive because retailers can always find a legal reason to
refuse to honor them.
O Price-match guarantees deceptively seem to be good for consumers.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06c0968a-c059-418d-90bd-8911a9dc2d1b%2Fff738e2e-2b83-4d24-9d1f-2687378354f9%2Fmtedxf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the argument:
Price-match guarantees are bad for consumers because they eliminate any
incentive for competitors to reduce prices. When you think it through, it's
obvious that they eliminate price competition; ACME wouldn't win any of
Globex's customers by offering a discount if Globex will give the same discount.
On what hidden assumption does the main argument rely? (Or in other words,
what premise should we add if reconstructing the argument faithfully and
charitably?)
O Ifa company wouldn't win competitors' customers by offering a discount then price-
competition is eliminated.
O What eliminates incentives for competitors to reduce prices is bad for consumers.
O Price match guarantees are deceptive because retailers can always find a legal reason to
refuse to honor them.
O Price-match guarantees deceptively seem to be good for consumers.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Principles Of Marketing](https://www.bartleby.com/isbn_cover_images/9780134492513/9780134492513_smallCoverImage.gif)
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
![Marketing](https://www.bartleby.com/isbn_cover_images/9781259924040/9781259924040_smallCoverImage.gif)
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
![Foundations of Business (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337386920/9781337386920_smallCoverImage.gif)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
![Principles Of Marketing](https://www.bartleby.com/isbn_cover_images/9780134492513/9780134492513_smallCoverImage.gif)
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
![Marketing](https://www.bartleby.com/isbn_cover_images/9781259924040/9781259924040_smallCoverImage.gif)
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
![Foundations of Business (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337386920/9781337386920_smallCoverImage.gif)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
![Marketing: An Introduction (13th Edition)](https://www.bartleby.com/isbn_cover_images/9780134149530/9780134149530_smallCoverImage.gif)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
![MKTG 12:STUDENT ED.-TEXT](https://www.bartleby.com/isbn_cover_images/9781337407595/9781337407595_smallCoverImage.gif)
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning