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Kazeer [188]
3 years ago
14

Daryl has just patented a new technological medical device designed to help individuals with disabilities navigate their homes s

afely. Currently, his is one of a very few companies operating in this industry. Which price strategy should Daryl use?
a. both price skimming and penetration pricing
b. status quo pricing
c. penetration pricing
d. price skimming
Business
1 answer:
Dmitrij [34]3 years ago
3 0

Answer:

The correct answer is the option D: Price skimming.

Explanation:

To begin with, the concept known as "Price skimming" in the field of business management and marketing refers particulary to the price strategy that the companies use with the major focus of caputuring the most possible of the economic surplus of the consumer in the early stages of purchase when the product is completely new in the market. Once it has sold out as many as possible regarding the clients that are willing to pay that elevated price, then the organization decrease the price with the focus of engaging other clients as well. So therefore that this is the best strategy that Daryl could use with his product.

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b.  First movers have an advantage because their customers avoid switching costs.

Explanation:

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4 0
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A buyer submitted an offer with a deposit on a property on June 1. The offer included the condition that it must be accepted wit
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A. the deposit should be returned to the buyer

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Is g suite a program to become an agent, or gain other certifications or degrees in I.T. Or any other career path, psychology ce
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5 0
3 years ago
How many years would it take for Jughead to save an adequate amount for retirement if he deposits $2,000 per month into an accou
Free_Kalibri [48]

Answer:

The number of year needed to save the amount = 36.2739

Explanation:

The annual deposit amount (A) = $2000

Annual interest rate (r ) = 12 %

The retirement amount or the expected amount at the time of retirement (FV)  = $1000000

Number of years = n

So if the Jughead want the retirement amount $1000000 that has interest rate 12 percent then we need to calculate the number  of years.

Below is the calculation of number of years.

FV = A \frac{(1 + r)^{n}}{r} \\1000000 = 2000 \frac{(1 + 12 \  percent )^{n} - 1}{12 \ percent} \\\frac {1000000}{2000} = \frac{(1 + 12 \  percent )^{n} - 1}{12 \ percent} \\500 = \frac{(1 + 0.12)^{n} - 1}{0.12} \\ n = 36.2739 \ years

7 0
3 years ago
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