Explain reason for announcing the price of a product

Reference no: EM13178762

Texas instrument once announced a price for random-access memories that wouldn't be available until two tears after the announcement few days later; Bowmar announced that it would produce this product and sell it at a lower price than Texas instruments. A few weeks later, Motorola said it too, would produce this product and sell it below the bowmar price. A few weeks after this, Texas instrument announced a price that was one -half of Motorola's. The other two firms announced that, after reconsidering their decision, they would not produce the product. What do you think was Texas instruments' reason for announcing the price of a product two years before it was actually for sale?

Reference no: EM13178762

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