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
viva [34]
3 years ago
14

Luciana is the first to offer a new product to customers in the local market and expects no competitors to emerge for at least t

he first year. Her market research has helped her identify a group of upscale customers who are eager to purchase this new​ product, so she decides to set a high price for it. Which pricing strategy is Luciana​ using?
Business
1 answer:
storchak [24]3 years ago
8 0

Answer:

skimming.

Explanation:

In this context, it can be said that Luciana will use the skimming pricing strategy.

This strategy consists of setting a relatively high price for the new product or service that will be offered in the market and then gradually lowering its price.

This strategy works by charging a high initial price that will be accepted by the first customers and after the first demand is satisfied, the price will be reduced to attract the most price sensitive customers.

You might be interested in
How can you manage conflicts between staff members in general?
belka [17]
First conflict is a problem and second don't fight with the staff members if you did say sorry from your deeper part of heart to say a big soory
8 0
3 years ago
Over a long period of time Sears has slipped from being America's largest retailer to struggling for survival in recent years. W
Kaylis [27]

Answer:

I think Sears need to stop diversifying its product too much and focus on improving internal human resources.

Explanation:

The largest expense that Sears made occurred during their effort to add more female customers to shop at their place.

Sears was known for  its DieHard, Craftsman and Kenmore brands that attract mostly male customers to their stores. They started “The Softer Side of Sears”  which focused on adding more products for female customers.

But, in the process of doing so, Sears neglected their already successful male products department with a lot of employees who sacrifice a lot of their time and effort into making Sears as big as it is.

In order to restore to its former glory, Sears need to stop focusing on new market with a lot of strong competitors and focused on improving skill set of employees in their successful department. They can do this by investing in their education, increasing the budget for their research and development, etc.

4 0
3 years ago
What is investment firms?
Anvisha [2.4K]

Answer:

An investment firm or fund is a partnership, trust or corporation that “pools” money from shareholders and invests it in the appropriate security instruments and multiply investment money.

3 0
2 years ago
The marketing director for Zap Games, a video game company, has informed his employees that he feels the company needs to improv
guapka [62]

Answer:

The correct answer is task.

Explanation:

The work environment is one of the most important elements for the proper functioning and growth of an organization. A positive work environment contributes to greater productivity and employee engagement. For this reason, it is extremely important that the work environment is adequate, pleasant and stimulating to achieve a motivated team of high productivity.

It is indisputable that the work environment is a key factor in work relationships, however, it is difficult to define it and to specify the characteristics that determine it. From the employee's point of view, the work environment is the set of conditions that contributes to achieving satisfaction in the workplace. From the perspective of the company, it can be defined as the sum of elements that influence the organizational climate, productivity and good performance of employees.

5 0
3 years ago
If marginal cost becomes higher than price, what happens to a company
juin [17]
Increase price value profit becomes higher than price, what happens to a company
5 0
3 years ago
Other questions:
  • Lenore, Inc. gathered the following information from its accounting records and the October bank statement to prepare the Octobe
    5·1 answer
  • A company's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods s
    5·1 answer
  • The government decided to reduce taxes on fast-food to increase revenue. The government assumes that fast-food products have a.
    11·1 answer
  • Based on what you have read, provide two positives and two negatives the Suarez family would face if they switched to organic fa
    14·2 answers
  • Fifo is preferred when purchase costs are rising and managers have incentives to report higher income for reasons such as bonus
    15·1 answer
  • On January 1, Parma, Inc. borrowed $100,000 cash from First National and issued a two-year promissory note in that amount. Inter
    10·1 answer
  • A broker received a very high offer on a piece of property from a buyer. Bill makes a low offer through a "dummy" purchaser, or
    11·1 answer
  • Part of having ______ means understanding that businesspeople from other countries may have very different attitudes about punct
    15·1 answer
  • Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $996,000 of 15-year,
    8·1 answer
  • Computer user support is another name for:
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!