1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bingel [31]
2 years ago
8

The pricing strategy that calls for a new product being priced high to make optimum profit while there is little competition is

called a(n) price strategy.
Business
1 answer:
dalvyx [7]2 years ago
8 0

The pricing strategy that calls for a new product being priced high to make optimum profit while there is little competition is called as  Skimming price strategy

Skimming Pricing, also known as price skimming, is a pricing strategy that sets the price of new products higher and lowers them when competitors enter the market. Skimming prices are the opposite of penetration prices, which set lower prices for newly launched products in order to build a large customer base from the beginning.

Skimming pricing strategy refers to setting relatively high initial prices for new products or services for early adopters who are not price sensitive when there is a strong relationship between price and perceived quality. .. Prices can go down over time.

An example of a skimming strategy can be found primarily when major technology companies such as Apple, Samsung, and Sony are developing new technologies that are known to be in high demand.

Learn more about Skimming prices here:brainly.com/question/20927491

#SPJ1

You might be interested in
Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can.
yarga [219]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Production of 12-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can. During April, 304,000 cans were produced using 1,243,000 ounces of aluminum. The actual cost of aluminum was $0.17 per ounce and the standard price was $0.07 per ounce.

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= ( 0.07 - 0.17)*1,243,000= $124,300 unfavorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1,337,600 - 1,243,000)*0.07= $6,622 favorable

4 0
3 years ago
Which of the following is a characteristic of a monopolistically competitive market? I. Each firm is a price-taker. II. Firms se
dangina [55]

Answer:

The correct answer is option II and III only.

Explanation:

Monopolistic competition is a market structure where there is a large number of buyers and sellers. The sellers in this market sell differentiated products which are close substitutes.  

There is a very low restriction on the entry of new firms in the market. Because of differentiated products each firm has some degree of market power. The firms face a downward-sloping demand curve. This means that the firms decide the price level.  

Though the firms enjoy zero economic profits in the long run.

3 0
3 years ago
The Scrum Team should choose at least one high priority process improvement, identified during the Sprint Retrospective, and pla
crimeas [40]

Answer:

B-False

Explanation:

After the retrospective discussion all the improvement items discussed are placed in the Product Backlog. To ensure continuous improvement, the next sprint backlog ( & not the current one) should include at least one high priority process improvement which was identified in the previous Sprint Retrospective meeting.

8 0
3 years ago
Purple Feet Wine, Inc., receives an average of $14,000 in checks per day. The delay in clearing is typically four days. The curr
Dominik [7]

Answer:

The correct answer is $56,000.

Explanation:

According to the scenario, the given data are as follows:

Average checks per day = $14,000

Days in clearing = 4 days

Interest rate = 0.018% per day

So, we can calculate the company's float by using following formula:

Company's Float = Average checks per day × Days in clearing

By putting the value in the formula, we get

Company's Float = $14,000 × 4

= $56,000

8 0
3 years ago
A coworker tells you that she put the wrong meeting date in a recent e-mail to an investor, subsequently, the investor missed th
Nataly [62]

Answer:

These statements would fit well in an apology letter:

  • Make a promise that it won't happen again - Putting the wrong date is a very serious and very strange mistake at the same time. It's strange because professionals usually do not make that kind of mistake, and it's serious because it can completely distort as schedule, as it happened in this case.
  • Apologize sincerely - again, as the mistake was serious and strange at the same time, an apology is necessary.
  • Accept responsability - accepting responsability for one's actions is not only the professional thing to do, but also the ethical thing to do.

And this statement is appropriate when presenting a bad newsletter:

  • If the reason or explanation is not confidential and will not create legal liability - giving out specific information in a corporate context can result in legal liabilities that potentially cost a lot of money, therefore, it is important to carefully choose one's words, while at the same time being honest with the reader.

4 0
3 years ago
Other questions:
  • Calculate the present value of an annuity immediate with 20 annual payments of 500 if the first payment of the annuity immediate
    8·1 answer
  • Refer to the given consumption schedules. DI signifies disposable income and C represents consumption expenditures. All figures
    6·1 answer
  • GDP is not a perfect measure of well-being; for example, a. GDP incorporates a large number of non-market goods and services tha
    5·1 answer
  • Armen has been sent to build a factory in a small village. When he arrives, Armen finds that the employees he will be managing s
    5·1 answer
  • Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The compan
    15·1 answer
  • Someone you look up to? And why?
    6·2 answers
  • A warranty in which the seller warrants that he or she has valid title to the goods he or she is selling and that the transfer o
    10·1 answer
  • On Dec 1, 2019 ABC purchases a piece of equipment with a total cost of $[YOUR NUMBER] * 1000. The equipment is expected to have
    12·1 answer
  • Is it better to create a product that benefits society or create a product that consumers want?
    5·1 answer
  • prepare the journal entry to record double declining balance depreciation expense for the forklify for year 2
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!