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vaieri [72.5K]
1 year ago
11

when microwave ovens were in the introduction stage of their product life cycle, some consumers were willing to pay exorbitant p

rices for these innovative ovens. taking advantage of this strong consumer desire, marketers set the price for microwave ovens at the highest initial price possible. marketers of microwave ovens used a pricing strategy. group of answer choices e. bundle d. price lining a. skimming b. penetration c. prestige
Business
1 answer:
tekilochka [14]1 year ago
5 0

When microwave ovens were in the introduction stage of its product life cycle, some consumers were willing to pay exorbitant prices for these innovative ovens. Taking advantage of this strong consumer desire, marketers set the price for microwave ovens at the highest initial price, and customers with a very strong desire for the product were willing to pay. Marketers of microwave ovens used a <u>a. skimming</u> pricing strategy.

<h3>What does a skimming pricing strategy consist of?</h3>

Skimming is a pricing strategy that establishes a high initial price in the launch of a new product. The purpose is to increase the perception of the brand, create a competitive advantage, and generate sales revenue that allows for covering the initial expenses more quickly. The price decrease when the product enters the maturity and decline phase.

This strategy is used in the technology and innovation sectors because consumers are more interested in investing in the latest technology products.

To learn more about skimming pricing strategy, click here:

brainly.com/question/29666800

#SPJ4

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Answer:

The answer is D

Explanation:

Solution:

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Because raising the money supply boosts the economy, the optimal sentence from the drop-down box is (i) or (a).

<h3>What happens when federal reserves increase?</h3>

Increasing the money supply has a number of consequences which are:

To boost the economy, the Federal government expands the money supply.

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Which activity best demonstrates the trait of responsibility?
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Which activity best demonstrates the trait of responsibility?

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