Answer: The 5 elements of Design for Delight are going to start out with Delighting people.
Hello, thanks for writing in.
You're asking: ________ pricing strategies work best in markets where no "elite" segments exist or in highly competitive markets where similar products are trying to gain a foothold. penetration odd skimming sliding-down-the-demand-curve
We will be filling out the blank with a explanation.
The answer to the blank is Penetration.
You would rewrite it: <u>Penetration</u> pricing strategies work best in markets where no "elite" segments exist or in highly competitive markets where similar products are trying to gain a foothold. penetration odd skimming sliding-down-the-demand-curve
Penetration pricing is where pricing strategies work in markets where similar products are trying to gain the spot in the light to get more overall money.
It has a microchip built into it that you would insert into a machine instead of swiping it.
<span>#1) How would you characterize this scenario?
Answer: After reading the Scenario presented above I can conclude that the best way to characterize this scenario is Price competition in a monopoly market. The reason being that both places offer a similar service but there is differentiation in design, service, and probably quality.
<span>I hope it helps, Regards. </span></span>