Question

Why is Tesla considered to be a price searcher? Please explain why in 2 paragraphs.

Answer 1

Answer - Tesla is the company which is know to produce the electric supercars . These cars are not easily affordable. But some unique business charateristics make it a price searcher. Tesla gains the monopoly share in the market for the electric supercars. It has certain different charateristics -

1 - It gives the facility of the consumer service centres to make the servicing of the cars very convinient.

2 - It provides the supercharger facility where the car holder can go and charge the car in just 30 minutes.

3 - It is well known for its good service .

Hence the tesla has made and created its own demand which gives it the advantage of being the price searcher.