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saw5 [17]
3 years ago
8

Setting the highest initial price that customers really desiring the product are willing to pay when introducing a new or innova

tive product is referred to as a
Business
1 answer:
GrogVix [38]3 years ago
5 0
I believe it's "Skimming Pricing" which is get initially the highest price of a product. If customers desire the product they will pay the high price.

If customers do not pay for the initial high price of a product, the company of the product will reduce the price.
Skimming price- means to originally (initially) get the highest price of a product for customers to buy; desired product works best. If customer demand fails; product price decreases.

Hope this helps :)
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Authoritarianism is coined from the word "authority". Authoritarianism is a system of ruling whereby the leader (Authoritative person or Dictator) gives all orders and doesn't expect to be questioned or argued with.

In organizations where employees expect clear directions, people who are high on authoritarianism will not do well, since they could switch orders indefinitely and expect no one to argue with them.

An authoritative boss could say that members of a department should submit their files to his desk by 3pm and then change his mind an hour to the deadline and send a new instruction that those employees should gather for a meeting (without their files) by 3pm.

Such confusion will impede the smooth running of day-to-day activities in that organization; especially as no one challenges the leader.

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C. Private limited company

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A private limited company can raise capital by selling additional shares. Because becoming a shareholder in a private limited company is restricted, private companies raise capital by selling shares to existing shareholders or to invited investors.

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