Illustrates the reasons for charging skimming price strategy
Illustrates the reasons for charging skimming price strategy?
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Reasons for charging Skimming price strategy are as follows:
1. While the demand of new product is relatively inelastic.
2. While there are no close substitutes
3. Elasticity of demand is not identified.
4. While the buyers are not capable to compare the value and utility.
5. For attracting the high income customers.
6. For recovering early the R and D and promotional expenses.
7. When the product has distinctive qualities and luxuries.
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State the assumptions of Law of Demand?
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While an economic change creates one person worse off without influencing anyone else, this is: (w) good for society. (x) an inefficient change. (y) neither bad nor good for society. (z) strictly a macroeconomic issue. Discover Q & A Leading Solution Library Avail More Than 1426069 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1955182 Asked 3,689 Active Tutors 1426069 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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