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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

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Sphinxa [80]
The Answer is C. monopolistic competition


8 0
3 years ago
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Consider the example of an individual in a grocery store examining two cans of peaches, Alpha Peaches and Beta Peaches. If Alpha
Wittaler [7]

Answer:

True.

Explanation:

True, The given situation is true because the pleasure (utility) provided by Alpha is greater than the pleasure (utility) provided by the Beta. Therefore, a rational person will buy only that commodity which has a higher utility. Here, we can see the Alpha provides 10 units of utility or pleasure per dollar while Beta provides 8 units of utility or pleasure per dollars. So, only Alpha will be chosen.

7 0
4 years ago
In building a sustainable organization, management should strive to make the organization sustainable in three areas ? ________.
DochEvi [55]
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Sustainability organizations are composed of groups of individuals that plan to propel sustainability or potentially those activities of sorting out something economically. Dissimilar to numerous business associations, sustainability associations are not restricted to actualizing sustainability methodologies which furnish them with financial and social advantages accomplished through ecological duty. For these associations or organizations, sustainability can likewise be an end in itself without additional explanations.
5 0
3 years ago
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A college graduate who is searching for his first job illustrates the concept of cyclical unemployment. frictional unemployment.
zvonat [6]

Answer: frictional unemployment

Explanation:

Frictional unemployment is also referred to as search unemployment. Frictional unemployment is the time that people spend between jobs when they are looking for a job or in cases whereby they are transferring from one job and looking for another job.

The turnover in the labor market is actually a reason for being frictionally unemployed. Also, when someone graduates from college, the person also begins to look for work. The person is frictionally unemployed during the time that he or she is looking for job.

7 0
4 years ago
The electric utility rate for a facility during the months of May through October is 4.5 cents per kilowatt-hour for energy, $11
Minchanka [31]

Answer: $11564

Explanation:

Total units consumed for August = 96000

There's a peak demand of 624kw

Also, the May through October is 4.5 cents per kilowatt-hour for energy.

The August electric bill will then be:

= 96000 × 4.5/100 + 624 × 11.50 + 68

= (96000 × 0.045) + (624 × 11.50) + 68

= 4320 + 7176 + 68

= 11564

4 0
3 years ago
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