A pool table manufacturer was selling off old inventory and offering a large pri

Question

A pool table manufacturer was selling off old inventory and offering a large price discount on each of his premium pool tables. No one was buying. Rather than scrap the inventory, the manufacturer decided to knock off an additional 10% off the price and advertise using a highway billboard. The pool tables:

Created a media backlash for deceptive pricing practices.

Still did not sell very well.

Sold out in just a few days.

Eventually sold out after a 50% price markdown.

Created a media backlash for deceptive pricing practices.

Still did not sell very well.

Sold out in just a few days.

Eventually sold out after a 50% price markdown.

Explanation / Answer

Answer- Sold out in just a few days. Customers tend to buy products which are low in cost and also have a valid reason for such low costs. In this case,the Manufacturer is offering pool tables for low costs as the inventory is old and it would not be of any use to him.

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