Answer: skimming price once product is out.
product is lets say a phone called the Ibuddy X pro series.
as its a phone the price will be high so with time e.g years the price lower to a suitable price e.g starting price £250 over the course of 5 year drops to £146. therefor the best statagy is skimming the price.
hope this is very helpful
Answer:
Economic Order Quantity is the level of inventory that minimizes the total inventory holding costs and ordering costs. It is one of the oldest classical production scheduling models. Economic order quantity refers to that number (quantity) ordered in a single purchase so that the accumulated costs of ordering and carrying costs are at the minimum level. In other words, the quantity that is ordered at one time should be so, which will minimize the total of. Cost of placing orders and receiving the goods, and Cost of storing the goods as well as interest on the capital invested.
economic order quantity (EOQ)
Answer:
Firsthand information, Expand your professional network
Explanation:
Plato
