The high premium pricing strategy is used.
A premium pricing approach entails pricing a product higher than comparable ones. This method is also known as skim pricing since it attempts to "skim the cream" off the top of the market.
Here the internet provider is providing high speed internet at lowest cost if the two year contract is taken, now the user gets used to that speed and now will not be satisfied with the low speed so he will take the offer even if it is provided at high price.
This strategy of pricing is called premium pricing strategy.
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Answer:
vertical consolidation.
Explanation:
Vertical consolidation is a process used by companies to increase their control on construction and distribution of a product.
In vertical consolidation there is usually purchase of firms up or down the supply chain.
In this scenario your friends buy a salon from a couple, and then buy a shampoo company that they use to supply the saloon product at lower cost. This is an example of vertical consolidation where your friends are obtaining more control in distribution big shampoo.
The unemployment rate is 16.8%
<h3>What is the unemployment rate?</h3>
The unemployment rate is the ratio of the unemployed to the total labour force. The unemployed is made up of people who do not have a job but are actively searching for employment. The labour force consists of people between 18 to 65 years old.
The unemployment rate = (unemployed / labour force) x 100
(11,000 / 65,400) x 100 = 16.8%
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Answer:
Medium of exchange
Explanation:
Fresh fish is not an effective form of money. Fresh fish lacks medium of exchange, which makes it ineffective.
Answer:
A
Explanation:
More money, more demand
people wouldn’t want to work long hours short pay
and with more money the Money has less value