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elena55 [62]
3 years ago
12

PLEASE HELP TO ADD THE MISSING BOX

Business
1 answer:
emmasim [6.3K]3 years ago
4 0

<u>Answer:</u> Price skimming is suitable for products that have short life cycles.

<u>Explanation:</u>

Price skimming is a scenario where products are sold at very high prices to take the cream of the market and achieve break even. In the later stages the prices are reduced and the market is open for wider targets. The target customers are usually the early adopters. Most of electronic goods follow this type of pricing to take out the cost invested for their research purpose.

Only products which have short life cycle can have this type of pricing as the competition increases in the future. Or the replica of the products starts appearing in the market in later stages.

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c. drafting a contract illegally.

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Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.

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