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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When this purely competitive labor market is firstly in equilibrium at D0L, S0L, an increase within the price of output will result into equilibrium being attained at: (w) D0L, S0L. (x) D1L, S1L. (y) D2L, S1L. (z) D1L, S0L. Discover Q & A Leading Solution Library Avail More Than 1442048 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1946920 Asked 3,689 Active Tutors 1442048 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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