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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.

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