What strategies can NFM pursue to increase sales and profits besides raising the price? Discuss some business strategies, using examples.
Nebraska Furniture Mart (NFM) is having a Labor Day sale for their goods in the Houston. They operate in a monopolistic competition market. NFM hires an economic consultant to estimate the price for their Book Shelves and how many to order. The consultant estimates the demand function as follows: P = 925 – 6 Q … Read more