Answer:
Skimming
Explanation:
Price skimming, also known as skim pricing, is a pricing strategy used by those who face little or no competion, what normally happens is that a firm charges a high price and then gradually may need to lowes the price to attract more customers.
Price skimming is used to earn large profits especiallyn when a new product or service is introduced into the market. The pricing strategy is largely useful iwhen the firm is the first to enter the marketplace. The aim of this is to generate the large profit in the shortest time possible.
The personal guarantee corresponds to the document signed by Marcelino as a contractual protection.
<h3 /><h3>What is the personal guarantee?</h3>
It is a legal protection for credit-issuing companies, which guarantees the responsibility for paying debts with the use of the individual's personal assets if the contracting company is unable to bear such expenses.
Therefore, the personal guarantee is a form of legal protection guaranteed by a risk reduction contract to business partners.
Find out more about contract here:
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