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lesya [120]
3 years ago
8

Cosmeticon, a U.S.-based firm, has recently started exporting cosmetics to India. Cosmeticon has introduced a new range of miner

al-based makeup products for the first time in the Indian market. As Cosmeticon has no competitors in this segment of the Indian cosmetics market, it has set a very high price for its products in order to reach the premium, price insensitive segment of the market. This is an example of _________.
Business
2 answers:
saw5 [17]3 years ago
8 0

Answer:

Price skimming

Explanation:

Price skimming is a pricing strategy that is used when a product is initially introduced into the market. It involves selling the product at a high price and then lowering its cost as the product gets older in the market.

Price skimming strategy is used when a product in newly produced because there will less competitors in the market which then forces the customers to purchase the product at any given price.

Price skimming enables the manufacturers of the product to maximise profit due to the uniqueness of the product and absence of competitors.

NikAS [45]3 years ago
6 0

Answer:

Price skimming.

Explanation:

Price skimming is a pricing strategy in which an organization gradually lowers it's selling price after initially charging it's customers a high price in order to attract more price-sensitive customers. It is mostly used by a first-mover who faces lesser competition in business.

In this scenario, Cosmeticon had no competitors in that segment of the Indian cosmetics market, so it set a very high price for its products in order to reach the premium, price-insensitive segment of the market.

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Cretically analyse the difference and the point of convergence between floor inspection and functional inspection
VikaD [51]

Answer and Explanation:

The connection between Floor and Function Inspection is that these two techniques are used to eliminate and identify defective raw materials prior to the development of the same. Quality is the key priority for both processes, where standards are reviewed and evaluated to ensure that the operation continues correctly.

The distinction between the two is that in Floor Inspection the system inspects the material in process doe the machine or at the time of production to ensure that each and every machine or floor is working effectively. It is to make share the material processing costs don't go out or it could easily be found by hand and defect.

The Functional Inspection, on the other hand, will have the key feature tested which the product is supposed to perform. For instance, if the same has the right speed and output, the electric motor could be tested up. It doesn't inform us about the variability throughout all parts but gives us an overall view of the satisfaction that comes from investigating the same commodity.

6 0
3 years ago
How does real fingerprint analysis differ from the fingerprint analysis shown on television programs such as CSI?
Zolol [24]
Nowadays the FBI and all that take ink and put your finger prints in your file, but in CSI they just have your finger prints on the data base over the computer saved... Hope this helped!!
8 0
3 years ago
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Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i
Yanka [14]
The answer is D personal
3 0
3 years ago
Being aware of your expectations is an example of a. For introducing mindfulness to young children
ohaa [14]

Being aware of one's expectations is to keep them in check and to ensure that they are realistic. This is one of the ways to practice <u>Effective Parenting.</u>

<h3>Dangers of Unrealistic Expectations</h3>

Some of the dangers of unrealistic expectations are:

  • Friction
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See the link below for more:
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8 0
2 years ago
_________ management emphasized internal operations because managers were concerned primarily with meeting the explosive growth
xenn [34]

Answer:

Systematic management

Explanation:

Systematic management is an approach of management which focus on the process of the management instead of the final outcome. The objectives of this approach to the management are:

To establish the particular procedures and processes to be used in the completion of the job task.

So, the systematic management is the one which focus on the internal operations as managers are concerned with the growth brought about through the Industrial Revolution.

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3 years ago
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